Microeconomics, Macroeconomics, Economics, Industrial organization (Economic theory) 

This book is devote dto applications and less to formal economic theory than is the case with many other books written for the principles course. Most chapters include case studies illustrating how the principles of economics are applied. In addition in the news boxes offer excerpts from newspaper articles showing how economic ideas shed light on current issues facing society. After students finish their first course in economics they should think about new stories from a new perspective and with greater insight. Although the principles of economics are timeless the application of those principles changes over time as events unfold and as policymakers consider new initiatives. To keep the suty of economics fresh and relevant for each new cohort of students teachers of economics must constantly update their courses this new edition contributes to the effort by including dozens of new case studies and boxes.