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This Study Guide is designed to aid in your understanding, assimilation, and the use of the material in Joseph Stiglitz and Carl Walsh's "Economics", third edition. The chapters in this volume correspond those in the main text, and each one is divided into three parts. The first part contains a Chapter Review, an Essential Concepts section, and a Behind the Essential Concepts section. The Chapter Review begins with a brief paragraph explaining how each chapter in Stiglitz and Walsh fits into the overall structure of the text, the Essential Concepts section is a summary of the chapter, bringing out the main points covered. Behind the Essential Concepts offers suggestions about how to avoid common mistakes and provides some intuitive explanations for difficult concepts. This section also brings out the similarities among related ideas and the common structure of many economic theories and concepts.

This innovative Study Guide uses reviews, practice exams, and problem sets to reinforce the major ideas of each chapter. Unique problem-solving sections called "Doing Economics" give students the opportunity to apply what they have learned. Each section contains a series of "Tool-kits," which walk students through a specific problem-solving technique, several worked problems, and practice problems that apply the relevant technique.

Lawrence W. Martin

Lawrence Wesley Martin - Professor, Department of Economics, Michigan State University, 1982-present

Fields: Public Finance, Law and Economics, Search Theory, Environmental Economics, Regulation, Sports Economics

Grant and Awards: Fulbright Award, Cracow University of Economics, Fall, 2005.