Not many economics textbooks open with a poem by Robert Frost, but Principles of Economic Analysis does; it’s just one of the many ways in which this book stands out from the crowd. Using a narrative voice that treats the reader as an adult and offering examples that are often edgy, the author makes the principles of economics come alive in a way that is sure to engage students.
While this text provides a comprehensive overview of micro- and macroeconomic principles, it is designed for a one-semester course, presenting the information in an efficient manner. It both serves the needs of students who will be continuing in economics and those who simply need grounding in the subject as they explore a broader range of social sciences. Whatever their future academic choice, Principles of Economic Analysis gives students the tools they need to ask insightful questions and form thoughtful answers to them.
Jerry Evensky, a former secondary social studies teacher, is now Professor of Economics and Meredith Professor for Teaching Excellence at Syracuse University. The author of numerous articles in such journals as the Journal of the History of Economic Thought and the Journal of Economic Perspectives, he is also the author of Adam Smith’s Moral Philosophy: A Historical and Contemporary Perspective on Markets, Law, Ethics, and Culture.
Table of Contents
2. Modeling Individual Choice
3. Interdependent Choice and Market Coordination
4. Product Market Demand under Perfect Competition
5. Product Market Supply
6. Representing the Power of the Invisible Hand
7. The Factor Market
8. General Competitive Equilibrium (GCE)
9. Market Power, Market Failure, and General Equilibrium
10. The Microeconomy and the Government
11. Introduction to Macroeconomics
12. The Basic Macro Model
13. Aggregate Demand
14. Aggregate Supply and the Transition to Policy
15. Policy: The Promise and the Problems
16. Monetary Policy
17. Fiscal Policy
18. Trade Policy
20. Your Author’s Research