Invitation to Economics Understanding Argument and Policy [Hardcover]

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• A unique and critical guide to understanding economic arguments in the media
  
• Focuses on microeconomics, specifically on the idea that economic policies often have important indirect effects
  
• Key ideas are applied repeatedly in numerous case studies drawn from newspapers and other media
  
• Economic principles are presented in an accessible and non-rigorous format using case studies
  
• Incorporates the value judgments and political judgments that underlie economic policies

Preface.

1. Introduction.

1.1 What This Book Provides.

1.2 Looking around Corners.

1.3 Ideological Stance.

1.4 Economics Embedded in Philosophy and Sociology.

1.5 My Own Biases.

1.6 What Is to Come?.

Part I: The Subject of Economics:.

2. What Economists Do.

2.1 What Economics Encompasses.

2.2 How Economists Work.

2.3 Some Characteristics of Economics.

Appendix 2.1: Unrealistic Assumptions Can a Good Theory Make.

Appendix 2.2: Is the Stock Market Efficient?.

3. How Well Do They Do It?.

3.1 Forecasting.

3.2 Choosing the Right Policies: The Problem of Value Judgments.

3.3 Implementing Economic Policies.

3.4 Biases.

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