Microeconomics Analysis Study Guide

This is frankly and enthusiastically a website on political economy It is a website on economic theory, but equally a website on how to use economic theory in thinking about complex problems for yourself. It is a website designed for either a full-year or a one-semester course, for instructors who wish to put either micro- or macro-economics first.

The focus throughout is on what the student does. The evidence is overwhelming that students retain little of what they learn in college economics courses unless they become interested enough to continue to use it as they read the news- paper and vote, after they leave the classroom. If we do not manage to kindle a real interest in economics, we have lost the battle at the outset. If we don’t give students concepts and methods which they can use for themselves after graduation, little will last.

Microeconomics Analysis Study Guide

This edition not only looks new; it is new, with the following innovations.

• It builds on new developments in learning theory and research.

Student motivation big and little current problems to involve students.

Clear focus on objectives what the student should learn and keep.

Learning retention through repeated, explicit use of concepts and principles.

• It stresses economics as a modern empirical science.

• It has a new, different approach to macro theory, stressing interaction of aggregate supply and demand forces.

It offers in-depth analyses of macro stabilization and growth policy—domestic and international.

Student motivation and reinforced learning through the repeated use of theory.

It expands the analysis of the Public Sector.

It has modem, tested supplements to help students and teachers.

Experience-tested “programmed” materials covering micro and macro theory (Macroeconomics and Microeconoinzcs, two programmed supplementary texts prepared jointly with Professors Richard Attiych and Keith Lumsden).

New color transparencies for large classes, stressing analytical development. Experience-tested supplementary readings and workwebsite (Economic Analysis and Policy and Workwebsite, prepared with Professors Myron Joseph and Norton Seeber).

Over successive editions, my indebtedness to colleagues and friends in the profession has snowballed to the point where it is impossible to list all those who deserve credit. For this sixth cdition, however, I must thank especially my present and former colleagues, Professors Richard Attiyeh (University of California, La Jolla), Trenery Dolbear (The Brookings Institution), Myron Joseph (Carnegie-Mellon University), Keith Lumsden (Stanford University), Phillip Saunders (Carnegie-Mellon University), and Norton Seeber (Oakland University). Professor Michael Lovell of Carnegie-Mellon University continues to share authorship of the new mathematical appendixes. Professors Keith Evans of San Fernando Valley State College, Bert Hickman of Stanford University, Stewart Lee of Geneva College, and Carey Thompson of the University of Texas have been especially helpful on particular sections. The usual warning that only I am responsible for the final outcome needs to be added, however, for I have accepted only some of the suggestions advanced. Lastly, I want to add my appreciation to Ronald Nelson and Harry Rinehart of Prentice-Hall for their patient help in making the website more readable and attractive throughout; to Lynette Sweet for many hours of typing on the manuscript; and to Frank Jones for his valuable assistance on the index.