Parkin Microeconomics Study Guide

Author: Mark Lash
Publisher:
Publish Date: 2004-02-01
Features: Basic economic problems arise from scarcity. Because our desires exceed the resources available to satisfy them, choice is necessary. Economics is the study of choice—the discipline that explains the choices we make in addressing scarcity and how these choices are made. To help students overcome the difficulties and solve the problems they commonly encounter, the author offers some general suggestions on learning methods and specific guidance on how to make the most of this "Study Guide." Compared to other subjects you study, economics requires a different way of thinking. Economists use numerous assumptions to break down complex problems into simpler, analytically manageable parts. Fundamentally, this analytical approach does not demand a higher level of thinking than other disciplines, but for most students, it is unfamiliar and requires training.