learning that it fostered in governments has led to real improvement in the lives of hundreds of millions of

poor people.”

As you can see, economics affects far more than business. For example:

• Virtually every major problem facing the world today, from global warming, to world poverty, to the

conflicts in Syria, Afghanistan, and Somalia, has an economic dimension. If you are going to be part of

solving those problems, you need to be able to understand them. Economics is crucial.

•

It is hard to overstate the importance of economics to good citizenship. You need to be able to vote

intelligently on budgets, regulations, and laws in general. When the U.S. government came close to a

standstill at the end of 2012 due to the “fiscal cliff,” what were the issues? Did you know?

• A basic understanding of economics makes you a well-rounded thinker. When you read articles about

economic issues, you will understand and be able to evaluate the writer’s argument. When you hear
{"source": "downloads\\business\\economics\\Microeconomics3e.pdf", "uploaded_via": "batch_uploader", "title": "Principles of Microeconomics 3e", "moddate": "2022-12-07T14:23:05-06:00", "creator": "PDFMiner", "file_size_mb": 26.99, "file_hash": "830b81f41611ac67a490444dbb5d6aed292224606965b06965b914443c93331a", "source_file": "downloads\\business\\economics\\Microeconomics3e.pdf", "total_pages": 597, "file_type": ".pdf", "producer": "Prince 14.2 (www.princexml.com)", "file_name": "Microeconomics3e.pdf", "batch_upload": true, "upload_timestamp": "2026-02-07T15:37:44.339247", "creationdate": "2022-12-07T14:15:44-06:00"}