Economies are deeply complex systems. The marketplace involves many economic actors behaving in rational and irrational ways, sustaining a dizzying array of interconnected activity. Because of the number of participants involved, the unpredictability of their actions, and the sheer variety of possible actions, some degree of economic uncertainty is inevitable.
How did we evolve from ancient hunter-gatherers to modern consumer-traders? Why are people so emotional and irrational when it comes to money and business decisions?
A fully revised (4th) edition of the classic introduction to economics from Thomas Sowell, one of America's leading economists.
Thinkwell's Economics is a college-level course and is a combination of both our Microeconomics and Macroeconomics courses; nothing is left out, so it's a fantastic 2-for-1 deal. Most colleges offer microeconomics and macroeconomics as one-semester courses. Some colleges present economics as a survey course covering microeconomics and macroeconomics topics but lasting only one semester. At least one semester in economics is recommended for a college prep curriculum. A good math foundation is important for this course; we recommend Algebra 2 or College Algebra as a prerequisite.