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Economics: An Analytical Introduction Paperback – 4 Oct 2009
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I found this a fascinating read. (Huw Dixon, head of Economics and related studies, York University)
Very comprehensive, and provides the reader with all the analytical tools demanded. (Dr. Dimitrios Asteriou, City University)
A thorough yet clear introduction to economics, acquainting students not only with the basic concepts, but also with the formal tools to apply those concepts. (Marco Haan, University of Groningen)
It offers the student-reader an unusually 'clean' and 'pure' treatment of the relevant theoretical constructs and concepts in economics. (Dr Robin Naylor, University of Warwick)
About the Author
Amos Witztum is Senior Lecturer in Economics at London Metropolitan University. He is also currently Senior Academic Advisor on L.S.E.'s project creating a new International College for Economics and Finance in Moscow, Visiting Professor at Solvay Business School of Universite Libre de Bruxelles, Chief Examiner at the University of London External Programme and a regular visitor to the Singapore Institute of Management.
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Top customer reviews
-Very detailed and comprehensive regarding topics for Economics.
-Helps get the student to start looking at Economic models in an analytical way using some basic concepts from Mathematics.
-A very unfriendly text for first-timers. Full of waffle and odd examples that the reader may find confusing.
-Models and concepts are dragged out across pages - it takes thorough reading and re-reading to gain an overall view and understanding of what is being demonstrated.
-Small mistakes here and there. Quite disappointing for the student considering how much effort it takes to learn the subject.
-Generally quite tedious to work through. Not the case with many other university textbooks.
However, the "analytical methods" he purports to teach is ruined by the verbose explanations and often odd examples. This book has a philosophical undertone to it. In the introduction I have picked up lengthy discussions about the conflicting arguments between Plato and Aristotle, Adam Smith and Karl Marx, which I do not care about nor is relevant to my course - and it has ignored more relevant and modern examples like the banking system, financial systems.
In short, he has failed to keep the book concise and clear, and he fails to stick to:
1) materiality, and
If readers want to read about the philosophical side of economics, they will buy a book covering that. In the mean time, the models, the maths, and the theories behind it can be better explained without the dull and offbeat means of explanation.
Do yourself a favour and try the other essential reading like Begg and Lipsey. This book contains many errors and is confusing for a first time econ student.
Bottom line, if you want to pass your exam, dont buy this book.
Try another book if you can.
The exercises are usually badly explained (even common sense is made complicated) and poorly build on the theory previously developed. The priority should be on teaching a useful methodology for solving exercises, so as to empower the reader. Instead, the exercises here present information in a fragmented manner. Moreover, there is a significant knowledge gap between the theory and the exercises - it doesn't flow.
It angers me that the LSE teaches economics on this basis.
In conclusion, it can discourage and frustrate the most enthusiastic of readers. Disutility!
Many people do not like it for being too complex, but if you have some background in mathematics and logical thinking you will like it. Eventually, you will listen to some macroeconomic government measures on tv and start thinking if that holds with your economic reasoning and graphs, you just studied.
As subject it is very time consuming but, if you have time to read and explore the subject with no pressures, it is defintively worth it.
Subject guide published by UOLIP is 98% the book so only consider buying this book if has a good price. It has substantially less errors than the subject guide.