Principles of Economics
Document Type
Other
Publication Date
2026
Abstract
Principles of Economics equips students with the analytical tools to interpret individual and firm behavior within competitive and imperfect markets. Beginning with foundational models of supply and demand, the book moves through consumer and producer theory, market structures (perfect competition, monopoly, oligopoly), factor markets, and welfare analysis, highlighting how economic agents respond to incentives and constraints. The text then takes student through broad-scale dynamics of macroeconomics, including national output, inflation, unemployment, and monetary and fiscal policy. By connecting theory to contemporary policy questions and real-world phenomena, the text supports students in developing critical thinking and decision-making skills applicable across business, public policy, and personal finance contexts.
Recommended Citation
Jonas, Michael and Patlolla, Sandhyarani, "Principles of Economics" (2026). USF OER Faculty Grant Projects. 14.
https://repository.usfca.edu/library_oer/14
Comments
The contents of this book were developed under an Open Textbooks Pilot Program (P116T220010) grant from the Fund for the Improvement of Postsecondary Education, (FIPSE), U.S. Department of Education. However, those contents do not necessarily represent the policy of the Department of Education, and you should not assume endorsement by the Federal Government. For more information about OER for Social Justice, visit https://library.lmu.edu/oerfsj/about/
Principles of Economics Copyright © by Shirin Mollah; Michael Jonas; and Sandhyarani Patlolla is licensed under a Creative Commons Attribution 4.0 International License, except where otherwise noted.