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Written with liberal arts and general education students in mind, Principles of Economics: An Incentives- and Examples-Based Approach to the Consequences of Economic Decisions is designed to introduce students to foundational concepts in economics. The text uses examples that are relevant and thought-provoking to provide students with a solid understanding of the basics of economic theory and applications. The book is divided into three sections. Section 1 is dedicated to foundational knowledge with chapters that explore incentives and scarcity, supply and demand, market control, price elasticity, revenue, and tax burden. Section 2 explores rational and irrational human behavior, firm production, market structure, and game theory. Section 3 speaks to national income, price, money, and engaging in global trade. These chapters contain information on gross domestic product, the consumer price index, business cycles, unemployment, fiscal and monetary policy, the North American Free Trade Agreement (NAFTA), and more. Approachable and effective, Principles of Economics helps students explore the basic concepts that make up the very core of modern economics. The text is well suited for undergraduate courses in economics and business. Anthony Noce earned his B.S. in biochemistry, M.A. in economics, and Ph.D. in pure science (economics and chemistry) from Concordia University. He has been a professor in the Department of Economics and Finance at the State University of New York - Plattsburgh since the 2014-2015 academic year. In 2017, after only three years of teaching at SUNY Plattsburgh, Dr. Noce was honored with SUNY Plattsburgh's prestigious Teacher Excellence Award. Dr. Noce joined SUNY Plattsburgh after working as a senior economist for the Government of Canada. He spent 12 years working for three federal government departments -- Health, Industry, and Fisheries and Oceans -- where he was responsible for a variety of economic and policy files. He also served as a delegate for the Canadian government at the Organization for Cooperation and Development (OECD), Paris, France, participating in the development of the first surveys on information and communication technologies. Dr. Noce has also taught at Castleton University, in Vermont, USA; Concordia University and Marianopolis College, in Quebec, Canada; and Algonquin College, in Ontario, Canada. His areas of academic expertise include principles of economics, introductory microeconomics and macroeconomics, intermediate macroeconomic theory, business statistics, environmental and ecological economics, sustainability, and econometrics and multivariate statistics.
Discover the essential thinking tools you’ve been missing with The Great Mental Models series by Shane Parrish, New York Times bestselling author and the mind behind the acclaimed Farnam Street blog and “The Knowledge Project” podcast. This first book in the series is your guide to learning the crucial thinking tools nobody ever taught you. Time and time again, great thinkers such as Charlie Munger and Warren Buffett have credited their success to mental models–representations of how something works that can scale onto other fields. Mastering a small number of mental models enables you to rapidly grasp new information, identify patterns others miss, and avoid the common mistakes that hold people back. The Great Mental Models: Volume 1, General Thinking Concepts shows you how making a few tiny changes in the way you think can deliver big results. Drawing on examples from history, business, art, and science, this book details nine of the most versatile, all-purpose mental models you can use right away to improve your decision making and productivity. This book will teach you how to: Avoid blind spots when looking at problems. Find non-obvious solutions. Anticipate and achieve desired outcomes. Play to your strengths, avoid your weaknesses, … and more. The Great Mental Models series demystifies once elusive concepts and illuminates rich knowledge that traditional education overlooks. This series is the most comprehensive and accessible guide on using mental models to better understand our world, solve problems, and gain an advantage.
Written with liberal arts and general education students in mind, Principles of Economics: An Incentives- and Examples-Based Approach to the Consequences of Economic Decisions is designed to introduce students to foundational concepts in economics. The text uses examples that are relevant and thought-provoking to provide students with a solid understanding of the basics of economic theory and applications. The book is divided into three sections. Section 1 is dedicated to foundational knowledge with chapters that explore incentives and scarcity, supply and demand, market control, price elasticity, revenue, and tax burden. Section 2 explores rational and irrational human behavior, firm production, market structure, and game theory. Section 3 speaks to national income, price, money, and engaging in global trade. These chapters contain information on gross domestic product, the consumer price index, business cycles, unemployment, fiscal and monetary policy, the North American Free Trade Agreement (NAFTA), and more. Approachable and effective, Principles of Economics helps students explore the basic concepts that make up the very core of modern economics. The text is well suited for undergraduate courses in economics and business.
Stevenson/Wolfers is built around the idea that ‘every decision is an economic decision’. It is the perfect choice for Principles of Economics courses and for economics majors and nonmajors alike.
With over a million copies sold, Economics in One Lesson is an essential guide to the basics of economic theory. A fundamental influence on modern libertarianism, Hazlitt defends capitalism and the free market from economic myths that persist to this day. Considered among the leading economic thinkers of the “Austrian School,” which includes Carl Menger, Ludwig von Mises, Friedrich (F.A.) Hayek, and others, Henry Hazlitt (1894-1993), was a libertarian philosopher, an economist, and a journalist. He was the founding vice-president of the Foundation for Economic Education and an early editor of The Freeman magazine, an influential libertarian publication. Hazlitt wrote Economics in One Lesson, his seminal work, in 1946. Concise and instructive, it is also deceptively prescient and far-reaching in its efforts to dissemble economic fallacies that are so prevalent they have almost become a new orthodoxy. Economic commentators across the political spectrum have credited Hazlitt with foreseeing the collapse of the global economy which occurred more than 50 years after the initial publication of Economics in One Lesson. Hazlitt’s focus on non-governmental solutions, strong — and strongly reasoned — anti-deficit position, and general emphasis on free markets, economic liberty of individuals, and the dangers of government intervention make Economics in One Lesson every bit as relevant and valuable today as it has been since publication.
This essential guide for curriculum developers, administrators, teachers, and education and economics professors, the standards were developed to provide a framework and benchmarks for the teaching of economics to our nation's children.
Better Living Through Economics consists of twelve case studies that demonstrate how economic research has improved economic and social conditions over the past half century by influencing public policy decisions. Economists were obviously instrumental in revising the consumer price index and in devising auctions for allocating spectrum rights to cell phone providers in the 1990s. But perhaps more surprisingly, economists built the foundation for eliminating the military draft in favor of an all-volunteer army in 1973, for passing the Earned Income Tax Credit in 1975, for deregulating airlines in 1978, for adopting the welfare-to-work reforms during the Clinton administration, and for implementing the Pension Reform Act of 2006 that allowed employers to automatically enroll employees in a 401(k). Other important policy changes resulting from economists’ research include a new approach to monetary policy that resulted in moderated economic fluctuations (at least until 2008!), the reduction of trade impediments that allows countries to better exploit their natural advantages, a revision of antitrust policy to focus on those market characteristics that affect competition, an improved method of placing new physicians in hospital residencies that is more likely to keep married couples in the same city, and the adoption of tradable emissions rights which has improved our environment at minimum cost.
Coordinating our use of the earth's natural resources is not easy. Resource users are many, their goals diverse, and their impacts on the environment often uncertain. How we use those resources depends on the signals and incentives we receive, from either the market or our governments. These systems encourage certain uses of natural resources, but they are not perfect. We harm the environment not out of malice, but because we do not know the consequences of our actions, or the incentives for harm are too great to ignore. Economics and the Environment argues that, by lowering the cost and improving the quality of the necessary signals and incentives, we can better reconcile our diverse interests in the environment. It introduces an economic way of thinking about environmental issues, without assuming a background in economics: * how the economy and the environment interact * how resource use is coordinated in ideal market and planned economies * the barriers to ideal signalling and incentives in real markets and real government planning * the economist's tools for dealing with natural resource issues * the uncertainty and complexity of environmental issues: climate change, water rights, air pollution and overharvesting of common resources. This second edition of Economics and the Environment is fully updated and includes new material on sustainability, valuation of environmental changes, the prospects for international cooperation under the Kyoto Protocol and the problems of defining and enforcing measures to protect biodiversity. It offers students in both economics and environmental studies programs a coherent framework for understanding our major environmental problems. 'Ian Wills succeeds in providing a fresh perspective . . . a very interesting and informative textbook.' Economic Record