Designed for the Survey of Economics course, the eighth edition of Economics: Theory and Practice introduces students to basic economic concepts, institutions, relationships, and terminology. This book prepares students to use economic thinking in their classes, careers, and everyday lives.
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Patrick Welch is an Economics professor in the John Cook School of Business at Saint Louis University. He received his B.A. from Marquette and his Ph. D. from the University of Pittsburgh. Research interests include: history of economic thought, industrial organization, and antitrust economics.
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