Principles of
Economics covers the scope and sequence for a two-semester principles of
economics course. The text also includes many current examples, including;
discussions on the great recession, the controversy among economists over
the Affordable Care Act (Obamacare), the recent government shutdown, and the
appointment of the United States’ first female Federal Reserve chair, Janet
Yellen. The book covers the breadth of economics topics and also provides
the necessary depth to ensure the course is manageable for instructors and
students alike.
The objective of
this book to familiarize the students with the basic concepts of economics
such as Demand, Supply, Goods, Utility and enable the students to understand
basic theories, Principles and laws relating to Consumption, Production and
Distribution.