Economics : Theory and Practice

Rating:
Summary: He's my professor at SLU
Review: Hi, this book is wonderful. Currently I'm taking his principles of economics class at SLU and Patrick welch is just a great teacher w/an amazing book.

Rating:
Summary: comprehensive
Review: I'm a student at SLU where he teaches and Im taking his principles of economics class..Dr. Welch explains basic economics very clearly and understandably not only in class but in his book as well. I would also recommend the study guide that was written with this book, because economics is a subject that definitely requires you to practice, just like math.

Rating:
Summary: this is the book for economy beginner
Review: this book can be divided into four parts: 1. introduction to economics. 2. the macroeconomy. 3. the microeconomy. 4. the international economy.

structure of each chapter: 1. the authors tells you the chapter objectives 2. content of the book a. with bolded point b. color figure and table 3. the author intermingle each theory with an application case for you to do some thinking. 4. at the end of each chapter there is a "up for debate" which the authors gave the readers a subject to debate and they have also included pros and cons, the "up for debate" is for that chapter only. 5. at the end of each chapter the authors also gave you "Test Your Understanding" questions sort of enhance and refresh your memory of the chapter. It's a few questions, not summary. 6. then summary, key terms and concepts. 7. Review questions and Discussion Questions. 8. "Critical thinking" at the end of the chapter I think the authors wants the readers to think of some critical real-world situation especially by applying the economy theories. 9. finally we have appendix which explains more about content of the chapter, but they are not the main point of the chapter.

I am a beginner in economy and business field as well, I find this book interesting, I understand lots of economic situation in USA as well as other country, you're not going to believe me that if I tell you I don't know who is alan greenspan, I know him now, and I know what is he doing and why as well. as a conclusion, this is a good book for study in a class with teacher's guidance, it's not a good book to study alone or self-pace study, cause there were lots of cases that we (beginner) might not be able to understand it totally, and if you are not a beginner, this book worth reading because there were lots of cases that you have to do some thinking.