Principles of Economics

Written with liberal arts and general education students in mind, Principles of Economics: An Incentives- and Examples-Based Approach to the Consequences of Economic Decisions is designed to introduce students to foundational concepts in economics. The text uses examples that are relevant and thought-provoking to provide students with a solid understanding of the basics of economic theory and applications.The book is divided into three sections. Section 1 is dedicated to foundational knowledge with chapters that explore incentives and scarcity, supply and demand, market control, price elasticity, revenue, and tax burden. Section 2 explores rational and irrational human behavior, firm production, market structure, and game theory. Section 3 speaks to national income, price, money, and engaging in global trade. These chapters contain information on gross domestic product, the consumer price index, business cycles, unemployment, fiscal and monetary policy, the North American Free Trade Agreement (NAFTA), and more.Approachable and effective, Principles of Economics helps students explore the basic concepts that make up the very core of modern economics. The text is well suited for undergraduate courses in economics and business. Anthony Noce earned his B.S. in biochemistry, M.A. in economics, and Ph.D. in pure science (economics and chemistry) from Concordia University. He has been a professor in the Department of Economics and Finance at the State University of New York - Plattsburgh since the 2014-2015 academic year. In 2017, after only three years of teaching at SUNY Plattsburgh, Dr. Noce was honored with SUNY Plattsburgh's prestigious Teacher Excellence Award.Dr. Noce joined SUNY Plattsburgh after working as a senior economist for the Government of Canada. He spent 12 years working for three federal government departments -- Health, Industry, and Fisheries and Oceans -- where he was responsible for a variety of economic and policy files. He also served as a delegate for the Canadian government at the Organization for Cooperation and Development (OECD), Paris, France, participating in the development of the first surveys on information and communication technologies.Dr. Noce has also taught at Castleton University, in Vermont, USA; Concordia University and Marianopolis College, in Quebec, Canada; and Algonquin College, in Ontario, Canada. His areas of academic expertise include principles of economics, introductory microeconomics and macroeconomics, intermediate macroeconomic theory, business statistics, environmental and ecological economics, sustainability, and econometrics and multivariate statistics.