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Foundations of Real-World Economics

What Every Economics Student Needs to Know

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  • 396 pages
  • 14 hours of reading

More about the book

Challenging traditional economic models, this edition delves into the complexities of real-world economics, emphasizing the limitations of perfect competition theories. It examines the dynamics of oligopolies and critically assesses the effects of minimum wage laws, highlighting how influential institutions create distortions that mainstream models often overlook. Through this exploration, the book aims to provide a more nuanced understanding of economic principles as they apply to everyday situations.

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Foundations of Real-World Economics, John Komlos

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Released
2023
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(Paperback)
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Subtitle
What Every Economics Student Needs to Know
Language
English
Released
2023
Format
Paperback
Pages
396
ISBN13
9781032001722
Series
Description
Challenging traditional economic models, this edition delves into the complexities of real-world economics, emphasizing the limitations of perfect competition theories. It examines the dynamics of oligopolies and critically assesses the effects of minimum wage laws, highlighting how influential institutions create distortions that mainstream models often overlook. Through this exploration, the book aims to provide a more nuanced understanding of economic principles as they apply to everyday situations.