Written in an informal colloquial style, this student-friendly Principles of Economics textbook does not sacrifice intellectual depth in its quest for accessibility. The author’s primary concern is to instill “economic sensibility” in the student. Colander emphasizes the intellectual and historical context to which the economic models are applied.
Distinguishing features found within Colander’s text are:
Cutting Edge and Modern
Colloquial Style Narrative
Focus on Policy
Emphasis on the Importance of Institutions and History
Focus on Modeling: Economics is a method of reasoning, not truths.
Presents Alternative Perspectives in Economics
Table of contents
Part 1 Introduction: Thinking Like an EconomistChapter 1 Economics and Economic ReasoningChapter 2 The Production Possibility Model, Trade, and GlobalizationChapter 3 Economic InstitutionsChapter 4 Supply and DemandChapter 5 Using Supply and DemandChapter 6 Thinking Like a Modern EconomistPart 2: MicroeconomicsI. The Power of Traditional Economic ModelsChapter 7 Describing Supply and Demand: ElasticitiesChapter 8 Taxation and Government InterventionChapter 9 International Trade Policy, Comparative Advantage, and OutsourcingII. Choice and Decision-MakingChapter 10 The Logic of Individual Choice: The Foundation of Supply and DemandChapter 11 Game Theory, Strategic Decision Making, and Behavioral EconomicsIII. Production and Cost AnalysisChapter 12 Production and Cost Analysis IChapter 13 Production and Cost Analysis IIIV. Market Structure Chapter 14 Perfect CompetitionChapter 15 MonopolyChapter 16 Monopolistic Competition and OligopolyV. Real-World CompetitionChapter 17 Real-World Competition and TechnologyChapter 18 Antitrust Policy and RegulationVI. Factor MarketsChapter 19 Work and the Labor MarketChapter 19W Nonwage and Asset Income: Rents, Profits, and Interest Chapter 20 Who Gets What? The Distribution of IncomeVII. Applying Economic Reasoning to PolicyChapter 21 Market Failure versus Government FailureChapter 21W Politics and Economics: The Case of Agricultural MarketsChapter 22 Behavioral Economics and Modern Economic PolicyChapter 23 Microeconomic Policy, Economic Reasoning, and BeyondPart 3: Macroeconomics I. Macroeconomic ProblemsChapter 24 Economic Growth, Business Cycles, Unemployment, and Inflation Chapter 25 Measuring the Aggregate EconomyII. The Macroeconomic FrameworkChapter 26 Growth, Productivity, and the Wealth of NationsChapter 27 The Aggregate Demand/Aggregate Supply ModelChapter 28 The Multiplier ModelChapter 29 Thinking Like a Modern MacroeconomistIII. Finance, Money, and the EconomyChapter 30 The Financial Sector and the EconomyChapter 31 Monetary Policy Chapter 32 Financial Crises, Panics, and Macroeconomic PolicyChapter 33 Inflation and the Phillips CurveIV. Taxes, Budgets, and Fiscal PolicyChapter 34 Deficits and DebtChapter 35 The Modern Fiscal Policy DilemmaV. International Policy IssuesChapter 36 International Financial Policy Chapter 37 Macro Policy in a Global Setting Chapter 38 Macro Policies in Developing Countries