Description
Book SynopsisTrade ReviewWe chose ESPP because we have a very diverse cohort some students with Economic and Maths A level whilst others do not, so teaching a traditional course was hard most students were bored whilst others were struggling to keep pace. We wanted a more up-to-date, data-driven syllabus that covered the topics students wanted to discuss (inequality, climate change, etc.). I have just have finished teaching the first cohort of nearly 500 students and they seem to be highly engaged. * Carlos Cortinhas, University of Exeter, UK *
ESPP was a very successful text for non-Economics majors. They really appreciated how they could get a great introduction to economics that focused on the real world and data, and was meaningful to their own experience of the world. * Mark Dodd, University of Adelaide, Australia *
Other economics textbooks teach you about individual tools. ESPP, on the other hand, teaches you how to address complex issues such as inequality and unemployment by simultaneously using all the tools in the toolbox. As a public policy student, this approach allowed me to evaluate current events and policy proposals through an economically comprehensive, rather than fragmented, lens. * Alaina Leggette, MPA student at Columbia University (SIPA) *
ESPP is an outstanding resource for teaching economic principles to students who will not major in the field. It provides an accessible yet comprehensive introduction to the economic ideas that are essential for understanding politics and policy. * Matthew DiGiuseppe, Leiden University, Netherlands *
I would recommend ESPP as an excellent resource for a wide range of courses teaching introductory economics with a focus on public policy. It takes some of the key material from The Economy and re-packages it for students who are not specialising in economics, and who want to see the subject in a wider context. I appreciate the increased focus on data, with links to Doing Economics. * Stephen Wright, Birkbeck, University of London, UK *
We were warned by the course leader before the start that we would not see the world in the same way after studying the module and this proved to be the case. While tackling the deep issues of global inequality and market failures CORE also gave us quick insights into specialist areas and analytical tools so I was able in the exam to solve a pure strategy Nash equilibrium and answer questions on the use of monetary policy and explain models of welfare economics. I particularly liked the snapshots of great economics thinkers and interactive graphics which brought complex ideas to life. The course succeeded in refreshing and updating my thinking and gave me confidence to work in more depth within the economics field as a financial journalist.
The dynamic approach makes a sound rejoinder to the critics of the subject as the "dismal science" and its teaching which shows exactly how it is as relevant today as it was during the formative years of Adam Smith or the crisis years of Keynes. * Simon Greaves, FT.com and Student in MSc PPE, Birkbeck, University of London *
Table of Contents1. Capitalism: affluence, inequality, and the environment2. Social interactions and economic outcomes3. Public policy for fairness and efficiency4. Work, wellbeing, and scarcity5. Institutions, power, and inequality6. The firm: Employees, managers, and owners7. Firms and markets for goods and services8. The labour market: wages, profits, and unemployment9. The credit market: borrowers, lenders, and the rate of interest10. Banks, money, housing, and financial assets11. Market failures and government policy12. Governments and markets in a democratic society
