Essay about Economic Analysis

Submitted By babu585
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Pages: 4

Introduction to Economic Analysis ISBN 160049000X | by R. Preston McAfee
Yahoo! ResearchIn 2006, I produced Introduction to Economic Analysis, a free, open sourced, creative-commons-licensed textbook spanning introductory and intermediate microeconomics. There were few adoptions. That there were several high profile adoptions like NYU and Harvard convinced me that the lack of adoptions was not due to the material itself, or even my exposition of the material, but instead to two factors. First, the book isn't traditional: it is aimed to be more like economists actually practice economics, analyzing interesting issues with models and a modicum of data. Second, there were no supplemental materials. In 2007 I went to work for Yahoo! and ceased teaching. At this point progress on the project stalled. To address the lack of supplemental materials and to continue progress on the creation of low cost, high quality materials, I enlisted Tracy Lewis of the Fuqua School of Business at Duke University, to co-author a new text built on IEA, and joined with Flat World Knowledge. Flatworld has an "online free, modestly-priced printed" creative-commons model. The Flatworld version is a substantial rewrite. The material is re-ordered and the 7 substantive chapters broken into 20 more manageable chapters. The material is rewritten to make it more accessible to a standard intermediate audience. There were lots of bug-fixes. Professors considering the text should choose the Flatworld version. Mathematically adept independent readers, especially engineers, wishing to learn about economics may prefer the 2006 version. (Note: permanent link to current version is Code (Word document) Help create a Chinese version of the free text here! Buy a printed copy for $12 plus shipping. I no longer maintain the Lulu version because Lulu started spamming me with daily updates about my 'author earnings,' which are zero because I had a zero royalty. | LinksThe Notes page. A blurb about why this book is a good thing and open source considerations influencing the design. Class Websites (Old Links no longer maintained!)
McAfee's Class Website and powerpoints.
Satyajit Bose's Course at Columbia.
Hsueh-Ling Huynh's Ec 1011a at Harvard.
Hao Li's course at U Toronto.
Simon Wilkie's Class Website.
Roy Radner's course syllabus at NYU.
Angelo Zago plans to use the text at Verona University.
Tom Andrews' course syllabus at West Chester U.
Nicolas Schmitt's course syllabus at Simon Fraser.
Michelle Goeree's course syllabus at Claremont McKenna.
Eduardo Zambrano's course at Cal Poly. | Endorsements
"Let me say that your creative commons Ec 11 text is awesome. Its so much better than anything else out there I've seen... better than MIT's open courseware, and basically every other 'intro to ec' book I've skimmed. It's the Ec book I wish I had... only in my later readings of more advanced books (like Kreps' Microeconomics and The Mathematical Structure of Economics) did I find the cool topics from your book (like auction theory, etc.). However, those either had tons of fluff (especially mathematical fluff) or were all theory without the interesting demographics."

--Ryan McCorvie, fixed income strategist at a top investment bank | AbstractThis book presents introductory economics ("principles") material using standard mathematical tools, including calculus. It is designed for a relatively sophisticated undergraduate who has not taken a…