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Economics with Electronic Study Guide CD-ROM (6th Edition)

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Title: Economics with Electronic Study Guide CD-ROM (6th Edition)
by Michael Parkin
ISBN: 0-321-11205-9
Publisher: Pearson Addison Wesley
Pub. Date: 24 July, 2002
Format: Hardcover
Volumes: 1
List Price(USD): $127.00
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Average Customer Rating: 3.29 (7 reviews)

Customer Reviews

Rating: 2
Summary: Overly simplistic
Comment: Parkin does a good job of introducing the elements, and is particularly helpful with the graphs. However, he labors, generally unnecessarily, concepts that are quite straightforward. He is not very good in the macroeconomic, especially fiscal and monetary, parts of the book. More applied examples would also have been helpful.

Rating: 5
Summary: Excellent elucidation of economic concepts and curves.
Comment: Parkin does a wonderful job of explaining the intricate concepts behind microeconomics and macroeconomics. The emphasis of this textbook is on understanding, and Parkin clearly makes an effort to elucidate every graph and concept presented. Although Parkin's text overlooks the mathematics of economics, it is superb for an introductory level Economics course.

Through close reading of this textbook, I was able to fully understand economic terms and the graphing of economic forces (supply/demand curves, GDP curves, aggregate supply/demand curves, etc.) Parkin's explanation of each graph facilitated a true understanding of economics.

With excellent, easy-to-understand writing and extensive use of graphs, Parkin's guide served as an Economics bible, and I did not need any supplementary reading for the course. Although a little confusing in certain areas such as growth theory, as a whole, Parkin's text is undoubtedly the only textbook you'll ever need.

Rating: 5
Summary: One of the best intro texts
Comment: Parkin's text is probably one of the best introductory textbooks for economics. The primary criticisms of Parkin's text seem to stem from its perspective on teaching economics. Parkin presents the full breadth of "high economics" - a means of analyzing and resolving problems of scarcity. Parkin stresses the underlying problems that the techniqiues of analysis are designed to address rather than merely reciting mathematical formulae that seem to exist in a vacuum.

Parkin's graphs and explanations are generally excellent and well worth reading.

To Parkin's credit, he clearly distinguishes between positive and normative conclusions of economics. Many introductory textbooks become dogmatic regarding the author's conclusions.

Some readers apparently do not like the additional information and text boxes that Parkin includes in this book. These criticisms appear to be misguided. One of this book's greatest strengths is that it is not afraid to admit that it is introductory. In many ways the best introductory texts are survey-type books that allow you to learn the language and primary concerns of that field of study. Further courses in price theory, public choice, welfare economics, antitrust, money & banking all rely on a strong conceptual understanding of basic economics. After reading Parkin the careful reader will be able to comprehend the primary considerations of economics and communicate with more advanced scholars in this field.

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