Economics: Theory & Practice

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The overall objective of this textbook is to introduce and survey basic economic concepts and institutions in a way that provides students with a solid understanding of key economic relationships and terms. This book should also give students a foundation that will enable them  to use economic thinking in their educational pursuits, to apply economics to their own decision making, and to critically evaluate opinions, news report, and other sources of economic information. We also hope that by using this text students will enjoy economics enough to become interested in reading further or pursuing other aspects of the field.

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