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Often praised by instructors of Economics 101 because of its concise but comprehensive delivery (approximately 400 pages) and integration of realistic examples and contemporary issues, Essentials of Economics (ISBN 9780073511399) remains a best-selling introductory reference. Author Bradley Schiller stayed away from traditional and outdated narratives, as...
Often praised by instructors of Economics 101 because of its concise but comprehensive delivery (approximately 400 pages) and integration of realistic examples and contemporary issues, Essentials of Economics (ISBN 9780073511399) remains a best-selling introductory reference. Author Bradley Schiller stayed away from traditional and outdated narratives, as well as complicated and abstract theories reserved for serious economics students in more advanced courses. He instead focused on creating a straightforward resource that makes it easy for beginners to understand economics as a social science that studies the distribution, consumption, and production of services and goods. Although short, Essentials of Economics progressively and expansively introduces topics, starting with a discussion of the challenges facing economists, the US economy, and supply and demand before moving on to specialized topics like microeconomics and analyses of individual and smaller markets. It also tackles macroeconomics and takes a look at the economy as a whole to understand and explain various phenomenon like price inflation and unemployment rate. In the last chapter, Bradley Schiller discusses the international side of economics, giving emphasis on globalized trade. He uses current events to make topics like government intervention, monopoly, and economic growth more relatable. This 8th edition is an excellent resource for discovering and understanding real-world economic policies, how economic factors interact and behave, and how certain economies work. By the end of the course, students will be able to apply the fundamental economic concepts in different fields that interest them, including health care, finance, business, social institutions, and even politics.
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