Economics: Principles and Applications - (2nd Edition)

Author: Hall (USA)
Publisher:
Publish Date: 2003-08-01
Features: The author is a senior researcher at a research center and the leader of the Economic Fluctuations Research Project at the National Bureau of Economic Research (NBER). He has served as a national economic policy advisor to the U.S. Department of the Treasury and the Federal Reserve Board, and has delivered speeches to Congress on multiple occasions. Therefore, the book provides a detailed account and analysis of major economic issues and policies in the United States over the past few decades. Not only does the book creatively summarize the four-step method, but it also serves as a model for applying the four-step method to analyze problems. By following the author's thought process, students can naturally grasp the four-step method—the way economists think—and achieve a comprehensive understanding of the analysis of product markets, labor markets, and financial markets. The book explains economic principles in clear and accessible language and in a logical manner, thereby greatly reducing the distance students feel from learning economics. This allows students to grasp economic principles more easily and effectively and apply them to the analysis of economic issues.