
Perspectives: An Open Invitation to Cultural Anthropology - 2nd Edition
Posted: March 21, 2017 | Updated: May 9, 2019
Author: Douglas Curtis, Ian Irvine, Lyryx Learning Team
Microeconomics: Markets, Methods, and Models by D. Curtis and I. Irvine (edited by Lyryx Learning) provides concise yet complete coverage of introductory microeconomic theory, application and policy. The text begins with an explanation and development of the standard tools of analysis in the discipline and carries on to investigate the meaning of 'well-being' in the context of an efficient use of the economy's resources. An understanding of individual optimizing behaviour is developed, and this behaviour is in turn used to link household decisions on savings with firms' decisions on production, expansion and investment. The text then explores behaviour in a variety of different market structures. The role of the government is examined, and the key elements in the modern theory of international trade are developed. Opportunity cost, a global economy and behavioural responses to incentives are the dominant themes. Examples are domestic and international in their subject matter and are of the modern era. This text is intended for a one-semester course, and can be used in a two-semester sequence with the companion text, Macroeconomics: Theory, Markets, and Policy. The three introductory chapters and the International Trade chapter (Chapter 15) are common to both books.
Subject Areas
Social Sciences, Economics
Original source
lyryx.com
Adoptions:
Tell us you are using this Open Textbook
Adaptations:
Support for adapting an open textbook
Need help?
Visit our help page
Accessibility:
Textbooks flagged as accessible meet the criteria noted on the Accessibility Checklist
Microeconomics: Markets, Methods, and Models (Lyryx) by Douglas Curtis, Ian Irvine, Lyryx Learning Team is licensed under a Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International License, except where otherwise noted.
Perspectives: An Open Invitation to Cultural Anthropology - 2nd Edition
Perspectives: An Open Invitation to Cultural Anthropology - 1st Edition
Request to review this textbook
Institution:University of the Fraser ValleyTitle/Position: Associate Professor
Yes. It covers wide range of microeconomics in an introductory level. In particular, it includes very-well summarized glossary section.
Comprehensiveness Rating: 5 out of 5
Contents are accurate and I haven't found an error. Though there may be some typos in the text given its mass volume over 400 pages.
One comment is about solutions to exercises - an option to provide solutions of either odd or even number of questions and leave other questions as practice. An instructor can use those questions with answers in the textbook as homework or similar type of class activities.
Content Accuracy Rating: 5 out of 5
I believe so. Except more recent economic data, content will be easy to be updated.
Relevance Rating: 4 out of 5
This criteria is one of strengths of the textbook. It was easily written for either 1st year or the second year of students in Economics or relevant programs. It must be read easy and reader-friendly.
Clarity Rating: 5 out of 5
Yes. Two authors did a nice job to make sure the text is written and be read consistently through the book as like one person writes all parts of the text.
Consistency Rating: 5 out of 5
Each school has different schedules, like term system or semester.
This modularity can be a challenge to use the book. It may have difficulty with dividing or reorganizing the chapters in some cases, particularly in a shorter period of the course. I suggest the authors include a few examples of the course outlines by different lengths of the course.
Modularity Rating: 3 out of 5
Again, this is an strong point of the textbook.
Organization Rating: 5 out of 5
Yes, it was, at least to me.
Interface Rating: 5 out of 5
I couldn't find major errors.
Grammar Rating: 4 out of 5
It touched at some points, especially in chapter 13. I understand this 'diversity and inclusion' would be hard point to obtain in an introductory Economics.
More real-life examples and articles from the newspapers could add more diversity and concerns in the textbook. Or they can be provided as additional materials for the course on the web.
Cultural Relevance Rating: 3 out of 5
Yes, I recommend this book as another possible textbook in an introductory Microeconomics.
Institution:Cambrian CollegeTitle/Position: Professor
The book provides fairly comprehensive coverage of topics in microeconomic theory, without going into unnecessary detail. Students are exposed to basic linear economic models. A glossary is provided to delineate terms used in the book.
Comprehensiveness Rating: 3 out of 5
The diagrams in the textbook are accurate and easy to understand. Geometric depictions of different market models and other concepts such as opportunity cost do not pose a challenge to the beginner who is studying economic theory for the first time. A very useful addition is the supplementation of graphical illustrations with tabular representation of data where appropriate. This technique will greatly facilitate the learning process, especially for students who are more focused on the applications of standard microeconomic theory. The authors have avoided the use of differential and integral calculus completely; however, this approach may not suit the objectives of all students. In particular, a basic familiarity with calculus gives the student much more insight into many concepts, such as in consumer behaviour and production theory.
Content Accuracy Rating: 4 out of 5
The content in the textbook is not expected to become irrelevant or obsolete in any way. the authors have provided a lucid introduction to microeconomic concepts that have been handed down to us by the classical and neoclassical pioneers in economic thought. The book has already been updated and I see no constraints on this account.
Relevance Rating: 5 out of 5
The authors have scrupulously avoided any abstruse explanations in the book. Economic theory is presented in a very lucid manner and can be accessed by the non-specialist reader who may not necessarily have prior training in economics or advanced mathematics. The use of simple exercises at the end of every chapter makes the book extremely useful to the reader who is more focused on the applications of economic theory to explaining real-world phenomena.
Clarity Rating: 5 out of 5
The text book is logically consistent in terms of content and the framework is sound. The learner would have no difficulty in following the terms used in the book.
Consistency Rating: 4 out of 5
I would rate this book very high in modularity. The reader can focus only on the units he or she has to, without having to go through unrelated chapters. Each module is quite self-sufficient.
Modularity Rating: 5 out of 5
I definitely agree with this statement.
Organization Rating: 4 out of 5
Unlike many other e-books I have read, no significant navigation problems were identifiable here. The interface is well-designed and there are no back-end impediments that may disrupt the reading experience.
Interface Rating: 4 out of 5
I have not noticed any grammatical errors; spellings are accurate.
Grammar Rating: 4 out of 5
I did not find any evidence of bias or insensitivity in regard to national origin, race or gender. However, this is often subjective and difficult to judge very precisely.
Cultural Relevance Rating: 3 out of 5
Yes, I strongly recommend this book.