A Primer on Microeconomics Second Edition Volume I

<b>This two-volume text represents a common sense approach to basic microeconomics.</b> <p>Economics far from being the dismal science offers us valuable lessons that can be applied to our everyday experiences. At its heart economics is the scientific study of choice and a study of economic principles allows us to achieve a more informed understanding of how we make our choices whether these choices occur in our everyday life or in our work environment.</p> <p>Volume One <i>Elements and Principles</i> delivers clear statements of essential economic principles supported by easy to understand examples and uncluttered by extraneous material; the goal is to provide a concise readable primer that covers the fundamentals of microeconomic theory. The text looks at opportunity cost; the rationale for trade; the efficient operation of competitive markets; and develops and expands the economist's basic demand and supply model.</p>