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ECONOMICS
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This opening part of the book introduces you to economics – what it is, some of the fundamental concepts and,
most of all, why it is a great subject to study. Economics is not a set of facts or theories to be memorised, it is both
more interesting and more useful than that. Studying economics enables you to think about the world in a different
way; it helps you to make sense of the decisions people make: decisions about what to buy or what job to do;
decisions governments make about how much to tax or what to spend those taxes on; decisions businesses make
about what to produce, what prices to charge and what wages to pay. This makes economics relevant for everyone,
not only those who are going on to further study.
After studying economics you will be able to apply this ‘way of thinking’ to your life both now and in the future.
You will be able to think more analytically and problem-solve more effectively; this helps explain why studying
economics can lead to a better career. We start you off in Chapter 0 , with some puzzling ideas that should make
you think. By the time you have studied, you’ll be able to answer these and more.
Economics contains some simple core ideas which can be applied to a wide range of economic problems. We
will start examining these ideas in Chapter 1 . In ’Why Economics is Good for You’ we start with a look at some
interesting questions and puzzles that make the subject such a rich one
John Sloman, Alison Wride and Dean Garratt - Personal Name
9th Edition
978-1-292-06478-9
NONE
ECONOMICS
Economics
English
2015
USA
1-938
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