Principles of Economics

by Karl E. Case, Ray C. Fair

These two highly-respected authors have revised this best-selling book to include more current, modern subject matter and events while maintaining those features that have contributed to its great success. It continues to use stories, graphs, and equations and a unified, logical organization to make economic concepts easy-to-understand and relevant to all readers. Users of this book see the connection between growth, trade, comparative advantage, and the production possibilities frontier. When readers understand how a simple competitive market system works, they are ready to focus on problems of real-world markets. Currency data has been updated through the second quarter of 2003, with coverage of deflation, the effects of the war with Iraq and the war on terrorism, and the wars' impact on the national deficit. A comprehensive overview introducing economics begins the book; subsequent topics foundations of consumers and firms; market imperfection and the role of government; concepts and problems in macroeconomics; the goods and money markets; macroeconomic analysis; and the world economy. An excellent desk reference for economists; this book will serve any business owner, as an understanding of basic economics will prove helpful in all ventures.

Genres: Economics, Business, Nonfiction, Textbooks

832 pages, Hardcover

First published December 1, 1988

Reviews

[I.Baschar · Rating 4 out of 5]

One of the best books in Economic, easy to understand.

[Sarah · Rating 4 out of 5]

This project was a lengthy undertaking, but I finally worked my way through this text.

This text is outdated, but that's not its fault; this is the one I got. Otherwise, it was a strong, simply-presented introduction to concepts in microeconomics and macroeconomics, primarily focused on the economic system(s) and context(s) of the United States. The world is changing so quickly in the Internet age that many of the delineations here no longer exist, though references to classical economics and some alternative systems were of course still pertinent. The economies of other nations are treated in a quasi-segmented way that does not reflect our global society (economy), and a shift in power dynamics has most definitely occurred internationally since this edition was released around the turn of the millennium. Language also needs a refresh. Generally, though, concepts are revisited multiple times, and students/readers are referred back to explanatory chapters for foundational information wherever necessary. Applied concepts in global economics (now outdated, but still interesting) are presented in each chapter for context. It's a good introductory text.

Newer editions (which I have not read) hopefully deal more with cultural and socio-economic influences on the economy in the United States, international economics and globalization, and the rise of the tech sector and knowledge workers. And of course there's the development of behavioral economics, which may eventually bring the entire rationality model crumbling to the ground.

[Deniz · Rating 5 out of 5]

It was very easy to read and understand. I liked the little yellow boxes within the text that gave examples of real world economic phenomena.

[Erbol · Rating 3 out of 5]

quite good

[Rishabh Upadhyay]

great

[Hanan · Rating 3 out of 5]

Setidaknya ini jadi buku pegangan selama 1 semester lalu..



baru ke update sekarang pfftff.

[Agus Dwi]

chalenging

[Travis · Rating 4 out of 5]

College text!