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Economics Is Everywhere, Third Edition, presents 400 vignettes inspired by everyday events from news articles, films, family, and popular culture. Professor Hamermesh also employs his interactions with students, frequently featuring student insight in these short scenes. Economics Is Everywhere helps students apply what they are learning in their introductory microeconomics courses by examining economics examples that can be found in day-to-day life. In covering topics such as opportunity cost, trade-offs, supply and demand, elasticity, competitive markets and monopoly behavior in a new and inventive way, the vignettes keep students on their toes, eager to learn more!
Introduction. Thinking About Economics Everywhere
Part I. Trade-Offs, Demand and Supply, and the Consumer