CONCLUSION

CONCLUSION You now have a taste of what economics is all about. In. the coming chapters, we will develop many specific insights about people, markets, and economies. Mastering these insights will take some effort, but it is not an overwhelming task. The field of...

HOW THE ECONOMY AS A WHOLE WORKS

HOW THE ECONOMY AS A WHOLE WORKS We started by discussing how individuals make decisions and then looked at how people interact with one another. All these decisions and interactions together make up “the economy.” The last three principles concern the...