Parkin Microeconomics Study Guide

Author: Mark Ratchford [USA]
Publisher:
Publish Date: 2004-02-01
Features: Basic economic problems arise from scarcity. Because our desires exceed the resources available to satisfy them, choices are 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 study methods and specific guidance on how to make the best use of this "Study Guide." Compared to other subjects you study, economics requires a different way of thinking. Economists use a lot of assumptions to break down complex problems into simpler, analytically manageable parts. Fundamentally, this analytical approach does not demand more than other disciplines, but for most students, it is unfamiliar and requires training.