Introduction to Economic Reasoning is intended for students taking the oneterm course in introductory economics. Many of these students, perhaps a majority, will take only one course in economics. They have a variety of interests and educational bojectives. Some are enrolled in pre-professional programs; others will pursue majors in areas such as business, psychology, or the liberal arts. At a number of institutions, the one-term course also enrolls first-year students in MBA programs and other graduate business programs. Many of these students pursued nonbusiness majors as undergraduates and did not elect to take an economics course. Others desire to review economics before entering the graduate program. Although the students enrolling in the one term course have deverse objectives and interests, they can all benefit from a course that prepares them to understand economic issues better and helps them to become better decision makers.
Part 1 Introduction: Scarcity and the Economic System
Part 2 Microeconomics: Markets, Prices, and the Role of
Competition
Part 3 Macroeconomics: The Economy as a Whole
Part 4 International Economics: Trade, Exchange Rates, and the
Balance of Payments