Economics Is Everywhere

Economics Is Everywhere

Book - 2006
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Hamermesh (economics, U. of Texas at Austin) presents 400 vignettes inspired by everyday events from news articles, films, family, and popular culture. These vignettes help students apply what they are learning in introductory microeconomics courses by formally analyzing economics examples found in everyday life. Vignettes cover topics such as opportunity cost and trade-offs, supply and demand, elasticity, competitive markets, and monopoly behavior. Each vignette is followed by an analytical question, and some ask for the drawing of graphs to further illustrate the key concept presented. Annotation ©2004 Book News, Inc., Portland, OR (

McGraw Hill
The purpose of Economics Is Everywhere by Daniel S. Hamermesh is to illustrate the wide range of daily activities to which an economic way of thinking can be applied. The 400 vignettes were inspired by news stories, television shows, movies, music, family events, and other facets of daily life. Some vignettes were suggested by students or colleagues. The book is organized into three parts to follow the topical arrangement of a typical introductory microeconomic textbook.These vignettes apply what students learn in their introductory microeconomics textbook. They focus on the student's ability to apply formal analysis with myriad of examples that come out of their daily activities. After studying this applications/issues book, students will be able to read a newspaper or magazine and understand their own daily activities in a new, economic way--and as a result, understand the economics at work around them.

Publisher: Boston, Mass. ; Toronto : McGraw-Hill, 2006
Edition: 2nd ed
ISBN: 9780072982602
Characteristics: xii, 252 p. ; 22 cm


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