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This course is suitable both for economics and noneconomics majors as gives an overview of economics as a social science for those wishing to learn the basics of. Principles of economics 7th edition by gregory mankiw. Explain the principle of comparative advantage and how it leads to specialization and gains from trade. It focuses on the structure and functions of markets, by examining some of the basic economic decisions made by consumers and firms. All books are in clear copy here, and all files are secure so dont worry about it. These lecture notes were prepared by xingze wang, yinghsuan lin, and frederick jao specifically for mit opencourseware.
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