Study Guide to Accompany Microeconomics: Principles and Policy - Softcover

Baumol, William J.; Blinder, Alan S.

9780030117343: Study Guide to Accompany Microeconomics: Principles and Policy

Softcover

ISBN 10: 0030117348 ISBN 13: 9780030117343

Publisher: Harcourt College Pub, 1997

Microeconomics: Principles and Policy remains a proven leader in the world of economics. Considered as the best policy focused principles text in the market, William J. Baumol and Alan S. Blinder's text offers a fundamental tool for learning economics. With nine editions to perfect their message, the authors continue to equip students with the knowledge and tools they need to apply modern economics to their world--now and in the future. This is all the more true today, as the U.S. economy enters its first recession in more than a decade.

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About the Author:

William J. Baumol received his B.S.S. at the College of the City of New York and his Ph.D. at the University of London. He is professor of economics at New York University and senior research economist and professor emeritus at Princeton University. He is a frequent management consultant to major firms in a wide variety of industries in the United States and other countries as well as to a number of governmental agencies. He has been president of the American Economic Association, and three other professional societies. He is an elected member of the National Academy of Sciences, created by the U.S. Congress, and a member of the American Philosophical Society, founded by Benjamin Franklin. Dr. Baumol is the author of more than 35 books as well as hundreds of journal and newspaper articles that have been translated into more than a dozen languages.

Alan S. Blinder earned his B.A. at Princeton University, his M.A. at the London School of Economics and Ph.D. at MIT. He teaches at Princeton University and is the author of the best seller, After the Music Stopped, about the financial crisis and its aftermath. Dr. Blinder served on President Clinton's first Council of Economic Advisers and then as vice chairman of the Federal Reserve Board, thereby playing a role in formulating both the fiscal and monetary policies of the 1990s. Dr. Blinder, now a regular columnist for THE WALL STREET JOURNAL, has written newspaper and magazine columns on economic policy for more than thirty years. He is a past Vice President and a Distinguished Fellow of the American Economic Association.

Review:

I was looking for a book that was very clear, written in a way that the students would find interesting, and which had many examples and policy applications based on current events. In addition, I had a strong preference for a text that would cover micro before macro, and that emphasized areas of wide agreement among economists in the area of macroeconomics. I found that the Baumol-Blinder text best met these criteria. I think that overall the Baumol-Blinder text is excellent. The macro part in particular is much stronger than what I have seen in most other texts."

My overall opinion of the book is very high; it is in the top several in this field. I think the overall strength is quality of writing and balance of coverage. The students find it readable and very helpful. I believe that it presents most material in the standard manner and explains concepts in appropriate depth on a level that is introductory but not condescending to students. This is not an easy task.

My overall opinion is very favorable; I have stuck with B&B since the 6th edition. It's greatest strength is that it is comprehensive and a very good principles text.

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