Economics: Principles and Tools : Practicum

The second edition of Economics: Principles and Tools by O'Sullivan/Sheffrin provides a good introduction to both macro and microeconomics. This was especially true for me since my math skills aren't up to par. It was manageable and understandable for those who don't do well with numbers. The CD was helpful in understanding the graphs that were involved in textbook. In addition to providing an introduction to economics, it does a good job of helping you understand how you can use economics in your everyday life. Especially in chapter two where they introduce five economic principles you will reuse throughout your economic course and in your daily life: (1) principle of opportunity cost, (2) marginal principle, (3) principle of diminishing returns, (4) spillover principle, (5) reality principle. Economics: Principles and Tools is an excellent resource and textbook for anyone who has a limited knowledge of economics and is willing to learn these five economic principles.