Principles of Economics is designed for a two-semester principles of economics sequence. The text has been developed to meet the scope and sequence of most introductory courses. At the same time, the book includes a number of innovative features designed to enhance student learning. Instructors can also customize the book, adapting it to the approach that works best in their classroom.
Coverage and Scope To develop Principles of Economics, we acquired the rights to Timothy Taylor’s second edition of Principles of Economics and solicited ideas from economics instructors at all levels of higher education, from community colleges to Ph.D.-granting universities. They told us about their courses, students, challenges, resources, and how a textbook can best meet the needs of both instructors and students.
The result is a book that covers the breadth of economics topics and also provides the necessary depth to ensure the course is manageable for instructors and students alike. And to make it more applied, we have incorporated many current topics. We hope students will be interested to know just how far-reaching the recent recession was (and still is), for example, and why there is so much controversy even among economists over the Affordable Care Act (Obamacare). The Keystone Pipeline, OccupyWall Street, minimum wage debates, and the appointment of the United States’ first female Federal Reserve chair, Janet Yellen, are just a few of the other important topics covered.
The pedagogical choices, chapter arrangements, and learning objective fulfillment were developed and vetted with feedback from educators dedicated to the project. They thoroughly read the material and offered critical and detailed commentary. The outcome is a balanced approach to micro and macro economics, to both Keynesian and classical views, and to the theory and application of economics concepts. New 2015 data are incorporated for topics that range from average U.S. household consumption in Chapter 2 to the total value of all home equity in Chapter 17. Current events are treated in a politically-balanced way as well.
This is an updated and straightforward academic book. After 20 years of studying economics, I needed to review some concepts. I am actually surprised how much I enjoyed this reading!
As you can conclude from the title, this book is about Principles of Economics; and I have to say that it is a great book, I’ve learned so much from it. It is a 800+ pages long, and the summary will be long.
I gave this book five stars rating because I am very satisfied with the information provided in it.
I learn so many new things that I didn’t know before. I have to say that there are many information that I’ve already knew; but that’s normal, we learn so much through work.
I would recommend for anyone who is interested in economic basics to read this book.
One thing that most get into my head, is buying domestic products to save the jobs in country; I wasn’t aware that, that could lead to loosing jobs in other sectors; it can also lead for the companies to become monopolistic ones. I did sit down and started to think, that buying only domestic made products have lead to increases in prices, in country where I live. But the workers in those companies don’t benefit from increased revenue and profit that companies are making; they are also pay higher prices for those products, with same salaries as before.
This book have helped me to start thinking differently about so many things.
The summary was long, but I’ve tried it to kept as short as possible, and still include important information; the book is over 800+ pages long.
I hope that you will get through this summary, and I hope that you’ll end up reading this book.
The book gives a very good introduction to economics. Personally, I have learned a lot from it. However it is biased towards the liberal economics and the US model for public policy regarding economics.
A dry, dull instructional book. There seem to be better options out there if someone is interested in learning the basics. This was a required book for a class and I dreaded reading it.