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Essay / Research Paper Abstract
This 6 page paper is a review of the book by Robert Guell which explains economic theory in a clear manner and uses a range of chapters on relevant issues to help the student apply economic concepts to the real world. The paper looks at the content of the book, its' style and the strengths of the presentation with the content divided into 2 sections, one of the theory a month issues. The bibliography cites one source.
Page Count:
6 pages (~225 words per page)
File: TS14_TEisseco.rtf
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Unformatted sample text from the term paper:
theoretical foundations before the subject is expanded into real world applications. Other teachers may want to illustrate the theory with the application to real life in order to develop a
feel for application of economics t the real world at an earlier stage. An advantage o the book; Issues in Economics by Robert Guell, is that it can be used
with both approaches, either the development of theory followed by the applications of the issues, or the theory and the issues to be studied in parallel.
The concept of the book appears to support the idea that economics should be seen as a vibrant and important discipline impacting on all areas of
life, from the more obvious applications of supply and demand in different markets to the applications of economics in the study of environment and its relevance in the more controversial
issues of war and terrorism, which are more recent addition to the later editions of the book. Looking at the book itself it is laid out in
useful sections; the main sections are the theory ands the issues. The theory section is made up of 8 chapters which cover, in depth the basics of theory. The section
starts out with the more basic ideas of economics, first there is a chapter on opportunity cost, followed by a chapter on supply and demand. The progression is logical,
remaining accurate and although the subject is presented in simple terms, there is not a dumbing down of the subject. For example,
the concept of supply and demand is simple, where there is a demand that exceeds supply the price of the good is likely to rise until one of two thing
...