Author Description
This microeconomics text is well known for using the Keynesian model in the teaching of economics; yet in recent editions, the authors have expanded coverage of the growth model considerably to achieve more balanced coverage. The text uses the aggregate supply/ aggregate demand model as a fundamental tool for learning macroeconomics. It achieves the right level of rigor and detail, presenting complicated concepts in a relatively straightforward manner and using timely economic data. Using puzzles, issues, and well-developed examples, the authors provide a good balance of theory to application. Homework Xpress and Aplia are available with the Anniversary Tenth Edition and two new sets of end of chapter questions have been added as well to help students prepare for exams:?Test Yourself? and?Discussion Questions?.
Menrva's Summary
THE THESIS
This text investigates the fundamental principles of microeconomics by balancing theoretical frameworks with practical application. Authors Alan S. Blinder and William J. Baumol, both established economists, utilize the Keynesian model alongside growth models to provide a comprehensive overview of economic behavior. The book employs the aggregate supply and aggregate demand model as a primary pedagogical tool to explain complex market interactions.
THE SCOPE MAP
What You Will Find
- Keynesian economic modeling
- Aggregate supply and aggregate demand frameworks
- Growth model analysis
- Applied economic puzzles and case studies
- End-of-chapter assessment tools including 'Test Yourself' and 'Discussion Questions'
Scope Limits
- Does not provide an exhaustive history of economic thought
- Focuses primarily on standard academic microeconomic principles rather than niche behavioral theories
THE AUTHORITY PERSPECTIVE
Academic reviewers frequently note the text's success in balancing rigorous theory with accessible, real-world examples. Experts highlight this as a foundational resource for undergraduate students seeking a structured introduction to economic policy and principles.
Page Count:
736
Publication Date:
1997-08-01
ISBN-10:
0030112648
ISBN-13:
9780030112645
Economics
textbook
Education
Microeconomics
Keynesian Economics