Economics: Private and Public Choice

Author: Gary Becker
Publisher:
Publish Date: 2004-01-01
Features: How Important Is the Economic Way of Thinking? In this ever-changing world, your choices every moment affect your own and others' lives. Your decisions about education, job opportunities, savings, and investments shape your future. The globalization of economic activity is changing everything around you. Economics studies people's choices, and its tools can deepen your understanding of the factors that influence people's lives. Have you already mastered the economic way of thinking and used it to view the world with a more rational perspective, or to improve your quality of life? Before that, you need an excellent economics textbook to accompany you through a crucial period. As the best guide for cultivating an economic way of thinking, this book is specially structured around a series of topics in economics research fields. Have you already mastered the economic way of thinking and used it to view the world with a more rational perspective, or to improve your quality of life? Before that, you need an excellent economics textbook to accompany you through a crucial period. As the best guide for cultivating an economic way of thinking, this book is specially structured around a series of topics in economics research fields:
· Myths of Economics – designed to eliminate common fallacies in economic reasoning;
· Applications and Measurement of Economics – applies economic theory to real-world problems and debates, explaining how to determine important economic indicators such as unemployment rates and leading indicator indices;
· Key Issues and Summaries – helps better understand the content and connect it with broader economic conditions.
· Thoughtfully Designed Discussion Questions – test students' ability to analyze economic problems and apply economic theory to real-world situations.
As a professional and authoritative economics textbook, this book has been adopted by many renowned universities in the United States as an economics course material. Over the past 20 years, it has been used by over 1 million students and has been reprinted numerous times. It has also been designated as a reading material for the Chartered Financial Analyst (CFA) Level II exam by the Association for Investment Management and Research (AIMR).