The book covers almost all major areas typically contained in an introductory microeconomics textbook. However, I expected the chapter discussing "public goods" (chapter 13) to also discuss all four categories of goods - private goods, public...read more
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The book covers almost all major areas typically contained in an introductory microeconomics textbook. However, I expected the chapter discussing "public goods" (chapter 13) to also discuss all four categories of goods - private goods, public goods, common resources, and quasi-public goods.
Principles of Economics is impressive and extremely comprehensive. It covers interesting and current topics that are suitable and relevant for any principles of Microeconomics and Macroeconomics courses at the lower undergraduate level.read more
Principles of Economics is impressive and extremely comprehensive. It covers interesting and current topics that are suitable and relevant for any principles of Microeconomics and Macroeconomics courses at the lower undergraduate level.
Overall, Principles of Economics is an excellent textbook for all students in a face-to-face introduction to Microeconomics and Macroeconomics courses at the undergraduate level. The text is up-to-date, concise, clear, consistent, accurate, and it covers relevant topics with a national and international focus. The text also presents additional materials, such as the use of mathematics in economics, to complement the intuitive and applied sections. Finally, the text is well organized so that instructors can easily select appropriate contents to be covered in a full semester.
The text covers all areas and ideas of the subject and provides an effective index and/or glossary. The text can be used as a required text at an Introductory level Microeconomics course at College level.read more
The text covers all areas and ideas of the subject and provides an effective index and/or glossary. The text can be used as a required text at an Introductory level Microeconomics course at College level.
Education resources such as these texts are way of bridging the gap between the divided world. Especially texts on Economics can be used to do this bridging very well. I would use many examples from around the world in my classes of Macro and Micro Economics. When using countries as examples I would be cautious as to what the essence the students will bring home.Overall this text has done great justice in building a text of Principles of Microeconomics. I recommend it to Instructors for an introductory level course at College level.
This principles textbook covers all areas generally taught in a principles of microeconomics course as well as including chapters on social welfare and behavioral economics. Theories are thoughtfully presented and easy to read with many examples...read more
This principles textbook covers all areas generally taught in a principles of microeconomics course as well as including chapters on social welfare and behavioral economics. Theories are thoughtfully presented and easy to read with many examples that students will enjoy reading about.
The base content is up-to-date and in general the content taught in a standard principles class will not change frequently. Some of the examples and policy applications are somewhat out-of-date. For example, one example concerns Netflix charging for streaming and DVD rentals, which most college students won't really connect with as they don't consume DVDs anymore. Any economics textbook will have to deal with this dilemma and new editions and updates are straightforward; however, this book may be out of date within two or three years.
This textbook not only covers the major content for principles level class, but also introduces chapters related to industrial organization, labor economics, environmental economics and international trade. The index is hyperlinked, which is...read more
This textbook not only covers the major content for principles level class, but also introduces chapters related to industrial organization, labor economics, environmental economics and international trade. The index is hyperlinked, which is useful and efficient to locate the chapter accurately. Each chapter begins with a real world economic example or question in "Bring it Home" section, and it also ends with a detail explanations related to the examples or questions in "Bring it Home". This layout is efficient and helpful for students to catch up the application of the chapter content. Key terms, concepts and summary at the end of each chapter are also useful to help student better catch the main points.
As an instructor to community college students, I think the content of this textbook is up-to-date and easy to go through. However, for microeconomics, I think 20 chapters might be more for my students. For the section of "Link-It-Up", it might be better to put more video (less than 4 mins) to catch students' attention and improve their engagement.
The textbook covers most of the intro-level standard microeconomic materials and provides students a relatively full picture of the microeconomic landscape with real-world examples. I do hope it can incorporate more heterodox and historical perspectives and research, so students can be exposed to the arguments and contribution made by Institutionalists, Marxists, etc on a variety of topics in microeconomics and get the impression that many theories and issues are debatable and many terms have a historical context. I did use a real-world micro reader as a complementary text in teaching.
This OER text offers readers a comprehensive breadth of topics from an introductory standard microeconomics perspective. This text features a table of contents, index, end-of-chapter key terms, and a comprehensive chapter/topic list of references.read more
This OER text offers readers a comprehensive breadth of topics from an introductory standard microeconomics perspective. This text features a table of contents, index, end-of-chapter key terms, and a comprehensive chapter/topic list of references.
Content is up-to-date and policy-relevant. The relevance may improve should alternative policy examples be included in areas such as international migration; forced migration due to global climate change, a juxtaposition of views surrounding controversial economic theories or themes related to microeconomics (i.e.: environmental and natural resources economics views versus ecological economic views concerning natural capital).
Modularitty is evident from the beginning of the text, as authors offer alternate sequencing. Also, more advanced topics may be read and discussed without significant prior knowledge in microeconomics.
Principles of Microeconomics textbook covers the breath of microeconomic topics from introduction to the subject, to development of the main model of demand and supply, fundamentals of the microeconomics theory, microeconomic policy issues, and...read more
Principles of Microeconomics textbook covers the breath of microeconomic topics from introduction to the subject, to development of the main model of demand and supply, fundamentals of the microeconomics theory, microeconomic policy issues, and it finishes by introducing international economics. It covers everything typically covered in the introductory microeconomics course. Index is hyperlinked, which makes it efficient. The book is well organized. Each chapter has a 'Clear It Up' sections where the most typical misconceptions are addressed. Additionally, there are review and practice problems at the end of the chapter, along with summaries, and key terms.
The text covers all the areas and ideas of Macroeconomics that one would expect to find at the introductory level. The subjects are clear, easy to follow, relevant with applied examples. Global examples are used through the lens of US laws and...read more
The text covers all the areas and ideas of Macroeconomics that one would expect to find at the introductory level. The subjects are clear, easy to follow, relevant with applied examples. Global examples are used through the lens of US laws and economics. No index or glossary was provided with the version that was reviewed.
Text is accurate, error-free, but does have a bias towards US law and economics. Many of the case studies are global in origin, which are excellent, however, the authors always return to the effects towards the US, or if a US case study is examined there is very little mention of the effect towards the Canadian economy.
The text is well laid out as is the content but the text should be entitled: Macroeconomics: Theory in Application from a US Perspective. Web links worked as did page reference links (there was a request to register to Flatworldknowledge.com which I did not do). The international examples are excellent for any student to use. Overall the text would be excellent if there was a considerable amount of Canadian content added. The reason for this is that while economic policies appear to be similar between Canada and the USA, the decision making is different.
The textbook is very comprehensive. It covers all topics covered in most principle of microeconomics courses and more. It has great index of the whole textbook and glossary attached to each chapter. It provides with good order of all major areas...read more
The textbook is very comprehensive. It covers all topics covered in most principle of microeconomics courses and more. It has great index of the whole textbook and glossary attached to each chapter. It provides with good order of all major areas covered in principles of microeconomics. I like organization of the topics as they follow most of the main stream textbook order of concepts.
The textbook covers the major content areas covered in a Principle of Microeconomics course. The index and the glossary are just as good, if not better, than those found in other textbooks. On top of the topics you come to expect in any...read more
The textbook covers the major content areas covered in a Principle of Microeconomics course. The index and the glossary are just as good, if not better, than those found in other textbooks. On top of the topics you come to expect in any Microeconomics textbook, other relevant topics are also included later in the book, such as risk and insurance, issues in labor markets, and financial markets. 2ff7e9595c
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