Invitation to Economics

Book excerpt: "Invitation to Economics" empowers the reader to spot naive and spurious economic arguments by inculcating an intuitive 'feel' for economics. This is a unique and critical guide to understanding economic arguments in the media. It focuses on microeconomics, specifically on the idea that economic policies often have important indirect effects. Key ideas are applied repeatedly in numerous case studies drawn from newspapers and other media. Economic principles are presented in an accessible and non-rigorous format using case studies. The book incorporates value judgments and political judgments that underlie economic policies