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Principles In Economics 6th Edition


Economics   is   a   study   of   mankind   in   the   ordinary   business   of   life.”   So wrote Alfred Marshall, the great 19th-century economist, in his textbook, Principles of Economics. Although we have learned much about the economy  Esince Marshall’s time, this definition of economics is as true today as it  was in 1890, when the first edition of his text was published.

    Why should you, as a student at the beginning of the 21st century, embark on the study of Economics? There are three reasons.  The   first   reason   to   study   economics   is  that   it   will   help   you   understand   the  world in which you live. There are many questions about the economy that might  spark your curiosity. Why are apartments so hard to find in New York City? Why do airlines charge less for a round-trip ticket if the traveler stays over a Saturday night? Why is Johnny Depp paid so much to star in movies? Why are living standards so meager in many African countries? Why do some countries have high rates   of   inflation   while   others   have   stable   prices?   Why   are   jobs   easy   to   find   in  some years and hard to find in others? These are just a few of the questions that a  course in economics will help you answer.

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