Principles of Economics covers scope and sequence requirements for a two-semester introductory economics course. The authors take a balanced approach to micro- and macroeconomics, to both Keynesian and classical views, and to the theory and application of economics concepts. The text also includes many current examples, which are handled in a politically equitable way.
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.