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Principles of Micro-Economics

Author: 


1 Customer Product Review
ISBN-13: 

9780073230603


ISBN: 

007323060X


Edition:  3
Pub Date: 
Publisher:  McGraw-Hill College
Summary: In recent years, innovative texts in mathematics, science, foreign languages, and other fields have achieved dramatic pedagogical gains by abandoning the traditional encyclopedic approach in favor of attempting to teach a short list of core principles in depth. Two well-respected writers and researchers, Bob Frank and Ben Bernanke, have shown that the less-is-more approach affords similar gains in introductory econom...ics. Although recent editions of a few other texts have paid lip service to this new approach, Frank/Bernanke is by far the best thought out and best executed principles text in this mold. Avoiding excessive reliance on formal mathematical derivations, it presents concepts intuitively through examples drawn from familiar contexts. The authors introduce a well-articulated short list of core principles and reinforcing them by illustrating and applying each in numerous contexts. Students are periodically asked to apply these principles to answer related questions, exercises, and problems. The text also encourages students to become "Economic Naturalists," people who employ basic economic principles to understand and explain what they observe in the world around them. An economic naturalist understands, for example, that infant safety seats are required in cars but not in airplanes because the marginal cost of space to accommodate these seats is typically zero in cars but often hundreds of dollars in airplanes. Such examples engage student interest while teaching them to see each feature of their economic landscape as the reflection of an implicit or explicit cost-benefit calculation.

Frank, Robert H. is the author of Principles of Micro-Economics, published 2005 under ISBN 9780073230603 and 007323060X. Seventeen Principles of Micro-Economics textbooks are available for sale on ValoreBooks.com, fourteen used from the cheapest price of $3.15, or buy new starting at $24.13.
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  • by Coryna

    I've only read this book in the subject of economics.

    Clearer explanations would make this a better book.

    read more
Product Details
Principles of Micro-Economics

ISBN-13: 9780073230603


ISBN: 007323060X


Edition: 3rd


Pub Date:
Publisher: McGraw-Hill College
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