Economics touches almost every aspect of life, from climate change to terrorism, taxes to house prices, wages, to how much time to spend studying. This comprehensive text provides detailed presentation of the principles of economics, using real-world examples and applications.
By applying an analytical framework to the patient, stepped-out development of models, Mishkin draws students into a deeper understanding of modern monetary theory, banking and policy. His combination of common sense applications with current events provides comprehensive coverage in an informal tone students appreciate.
Describing the trends and operations in banking within an accessible microeconomic framework, this text incorporates theory with the practical aspects of banking, so as to set banking within an economic paradigm