Second Edition.The core of the principles course has been around for more than 100 years, and other important elements, especially part of the theory of the firm and Keynesian macro-economics, have been with us for more than 50 years. But economics has also been developing and changing rapidly during the past few decades. All principles texts pay some attention to these more recent developments, but none has succeeded in integrating the new and traditional. My goal has been to incorporate new ideas-game theory, the modern theory of the firm, information, and public choice-into the body of timeless principles.
Michael Parkin is an illustrator based in the outskirts of London. He loves finding humor and fun in the everyday, which has led to him working with a variety of clients, including the Science Museum and the BBC.
The true/false questions were not that useful, especially when the exams use more practical problems. The "you be the teacher" sections were good, as well as the word problems.