Introduction to Economics

<p><b> </b><b>Introduction to Economics: Social Issues and Economic Thinking</b> is designed to increase student engagement for introductory level economics courses by providing practical applications of economics while also providing a foundation for more technical economics issues.</p> <p> The text begins with a set of chapters that are an “Economics Toolkit” including coverage of key topics like marginal benefits/marginal costs, production possibilities, supply and demand, efficiency, and macroeconomic measurement tools. It then uses the tools to understand various market outcomes, market interventions, and market failures.</p> <p> These chapters, which are often overlooked or completely excluded in other texts, are a valuable means to provide a conceptual framework for students to judge the merit (or lack thereof) of market interventions and other types of social policies.</p> <p> </p> <p> </p> <p> </p>