Product description Review 'What humankind needs second most (first is a cure for global warming), is a means of defusing the lethal ideological superstitions implanted in the educated masses by Samuelson/Mankiw type economics textbooks.
Students will find the readings easy to follow.A great framework for presenting the material. On top of the topics you come to expect in any...The textbook is very comprehensive. In her spare time, she teaches herself French and Italian, has earned an ESL teaching certificate, traveled extensively throughout Europe and the United States, and unashamedly devours television shows and books.
In the online version of the book, the modularity aspect is even more prevalent, because each chapter is separated in modules, each module containing a glossary, references and review questions at the end of it (whereas the PDF version has all the review questions at the end of the chapter, together with key concept reviews, self-check questions and critical thinking questions).
There are some specific instances, for example the chapter on externalities, where the graphs presented don't flow with the material as well as they could. By continuing to browse the site you accept our Cookie Policy, you can change your settings at any time.
Each chapter is structured well so that it is clear what topics are covered in which sections and the flow is sensible. In the chapter on Monopoly a dead weight loss diagram comparing perfect competition and monopoly firms, a diagram to show Allocative inefficiency and sub topic on price discrimination would complete that chapter well.
However on page 199 it would be great if another two diagrams are used after Figure 8.6 showing the shaded areas such as contribution towards covering fixed cost in the short run and the loss areas when price goes below Average Variable Cost. Some of the chapters of this book are not organized in a typical manner. Scarcity is prevalent everywhere even among the rich.
Overall, the text is written in lucid and accessible prose. This Online Microeconomics Textbook is a set of links to resources on various Microeconomics topics.
The index is hyperlinked, which is useful and efficient to locate the chapter accurately.
As with any other textbook there are also a few minor shortcomings. Further, the authors introduce consumer, producer, and social surplus but neglect to tie these concepts to deadweight loss and market inefficiencies in subsequent chapters.The graphs and diagrams are for the most part high-quality and accurate. ThoughtCo uses cookies to provide you with a great user experience and for our There are also chapters that are not necessarily covered in this type of class (mostly due to time constraints), however they are well presented in general and quite a great resource for instructors and students who want to include more and relevant material in their coursework.
no use of color) detracts from the effectiveness of the textbook.The text covers all areas and ideas of the subject and provides an effective index and/or glossary.
I would have talked about elasticity before government involvement and international trade much earlier when looking at consumer and producer surplus.As mentioned above the only complaint I have is the presentation of the graphs. Simply reserve online and pay at the counter when you collect. Following the initial email, you will be contacted by the shop to confirm that your item is available for collection.Unfortunately there has been a problem with your orderPlease try again or alternatively you can contact your chosen shop on Within chapters the introduction clearly lays out what is covered in each section and sections can easily be re-ordered or skipped.Within chapters the content is well-organized, has a clear logical flow and hard-to-digest concepts are properly built and presented.
Material in the international trade section will need to be updated by an instructor or a future edition. Like many other economic textbooks, it does address some controversial issues to lure the reader in, but does so in a way that avoids issues of insensitivity.Overall a good textbook.
Microeconomics: Theory and Applications with Calculus Paperback As the text is focused to US learners, students from other countries, such as Canada, may not feel that this is relevant to their history, or future.
The textbook covers most of the intro-level mainstream microeconomic topics.
Also, the monopoly chapter does not go into a lot of detail on the inefficiency and deadweight loss that results from a monopoly. The text can be used as a required text at an Introductory level Microeconomics 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.
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