Economic Principles: Seven Ideas for Thinking ... About Almost Anything
Douglas W. Allen
The overriding emphasis of Economic Principles is on explanation. Repetitive curve shifting and theoretical policy discussions are not to be found, as the most important aspect of a principles course is to teach students how to think like an economist, and this begins with explaining behavior. Economic Principles will engage students in this way, without overburdening their wallets or their backpacks.
Additional features include:
- The text is divided into three main sections: “Exchange and Production,” “Extensions of the Neoclassical Model,” and “Organization of Markets and Institutions.”
- Many visual elements; important ideas are boxed, and there are many graphs and tables.
- Questions at the end of each chapter are a rich source of learning. Chapter review questions (with answers) are suited to individual review, and each chapter also has a larger set of more difficult problems, suitable for group work.
- An entire chapter is devoted to transaction cost economics, in the belief that the principles of economics apply not only to the volume and terms of trade, but also to how that trade is organized.
This custom solution is appropriate for the following course(s):
- Economics
Douglas Allen is the Burnaby Mountain Professor of economics at
