Core Economics: Concepts & Applications: Volume I

This book is in the same genre as Professor Levitt’s Freakonomics and Professor Chang’s Economics: The User’s Guide. All of them focus on the economics of real-world issues, with minimal jargon and mathematics. The difference is that Core Economics reflects not only academic expertise but also years of worldwide practitioner experience as an economist.It’s not a textbook. Not even close because it has none of the formalisms of a textbook. Instead, the book is a bit like a chat with my readers. It’s a learning book. It reflects my sense of a new learning/teaching paradigm aimed at people outside the classroom. I have a Ph. D. in Economics from MIT. I have taught graduate and undergraduate economics in the United States, and supervised many Economics doctoral dissertations. For more than 30 years, I have been a self-employed consultant, with occasional bouts of teaching graduate courses in Economics. I have worked with various teams of professionals from several fields in applying economic concepts to solve real-world problems in the US, Asia, Africa, and Latin America. I have written this book mainly for people worldwide who have already finished their formal education, but want to learn the core ideas and principles in Economics, with plenty of real-world applications.