Economics Author:John B. Taylor Offering a modern presentation of the fundamental concepts of economics, this text moves from supply and demand to competitive market equilibrium. It includes the development of a model of how markets actually work. Coverage of modern microecomics includes emphasis on the dynamic nature of micro markets, and current thinking in strategic behavio... more »ur and experimental economics, showing how economic theory might work in reality. The macroeconomic coverage includes exploration of the long-run perspective and realistic and dynamic approach to short-run fluctuations. Many examples, comparative data and applications from around the world are provided to highlight the growing interdependence of global economies. An ancillary package is available upon adoption.« less