Monday, June 23, 2008

Microeconomics Demystified

Microeconomics Demystified

Author: Craig A. Depken, II, PhD
Publisher: McGraw-Hill
Date: 2006
Pages: 336
Description:
This book provides a self-study approach to understanding the theory of microeconomics, avoiding unnecessary mathematics. The approach in this book assumes that you have not studied economics before.
Over the past hundred years, the field of economics has expanded from the study of what makes a country "wealthy" to an area that investigates all sorts of human behavior. Indeed, some might point out that economics is less the study of numbers, such as unemployment, interest rates, and prices, as it is a study of human behavior -- borrowing what "we" as economists want from the various social sciences such as sociology, political science, psychology, and anthropology. However, economists do like "labels" so that we can categorize things in a somewhat efficient manner, using a language that all economists can understand (even if they don't always agree!).
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