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Full Description
For one semester survey courses in general economics
Teach your students how to think like economists.
The Economic Way of Thinking goes beyond explaining the basic principles of micro- and macroeconomic analysis by showing students a method of reasoning that teaches them how to apply these principles as tools. The authors expose students to a method of reasoning that makes them think like an economist through example and application and also shows them how not to think, by exposing errors in popular economic reasoning.
Contents
Chapter 1 The Economic Way of Thinking
Chapter 2 Efficiency, Exchange and Comparative Advantage
Chapter 3 Substitutes Everywhere: The Concept of Demand
Chapter 4 Cost and Choice: The Concept of Supply
Chapter 5 Supply and Demand: A Process of Coordination
Chapter 6 Unintended Consequences: More Applications of Supply and Demand
Chapter 7 Profit and Loss
Chapter 8 Price Searching
Chapter 9 Competition and Government Policy
Chapter 10 Externalities and Conflicting Rights
Chapter 11 Markets and Government
Chapter 12 the Distribution of Income
Chapter 13 Measuring the Overall Performance of Economic Systems
Chapter 14 Money
Chapter 15 Economic Performance and Real-World Politics
Chapter 16 The Wealth of Nations: Globalization and Economic Growth
