Maximizing happiness means more than maximizing wealth, and yet many students assume economists only care about "the bottom line." "Economics: Private Markets and Public Choice emphasizes that economics is, at its base, about our society's well-being and our individual happiness in "all forms, not just profit. The authors teach students to apply economic concepts not only to key policy decisions like taxes, inflation, and free trade, but also to personal decisions such as household finance, marriage, and career choices.The Seventh Edition is enhanced by MyEconLab, the online homework system featuring automatically graded graphing problems and proven tutorial tools. Access to MyEconLab comes with every new textbook at no additional cost to the student.
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KEY BENEIFT: The Sixth Edition of this introduction to principles of economics again integrates the public choice theme with a discussion of basic economic issues, while including many new analyses of domestic policies, and proposals and current global events. The free market approach begins in Chapter One with a condensed and accessible discussion contrasting market and non-market institutions, and is carried throughout the text. The book features a tightened exposition of microeconomics, more coverage of environmental economics and the economics of information, many new applications, and the addition of Internet-based exercises to each chapter. For business novices.
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