An introduction to modern economic principles, this edition features a new chapter on open economy economics. There is continued emphasis in this text on the analytical core of economics with particular attention paid to the analysis of market economics.
"synopsis" may belong to another edition of this title.
Chapter 8, The Behavior of Perfectly Competitive Markets substantially revised.
Health care coverage is reduced and moved to Chapter 19, "Effiency vs. Equality: The Big Trade Off".
Continued emphasis on the analytical core of economics with particular attention to and analysis of market economics (micro) and economic growth (macro). Despite new material, size has stayed manageable. Advanced material relegated to ten appendices.
Government Taxation and Expenditure Chapter (16) substantially revised: Fiscal Revolution of the 80s deleted; Cultural and Technological Impacts added.
William D. Nordhaus is A. Whitney Griswold Professor of Economics at Yale University.
"About this title" may belong to another edition of this title.
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