Economics is Everywhere, 2d ed

Reference & Research Book News, August, 2005

HB172

2005-041452

0-07-298260-8

Economics is everywhere, 2d ed.

Hamermesh, Daniel S.

McGraw-Hill Irwin, [c]2005

252 p.

$13.12 (pa)

Hamermesh (economics, U. of Texas at Austin) presents 400 vignettes inspired by everyday events from news articles, films, family, and popular culture. These vignettes help students apply what they are learning in introductory microeconomics courses by formally analyzing economics examples found in everyday life. Vignettes cover topics such as opportunity cost and trade-offs, supply and demand, elasticity, competitive markets, and monopoly behavior. Each vignette is followed by an analytical question, and some ask for the drawing of graphs to further illustrate the key concept presented.