Economic Logic

Economic Logic promises a revolutionary instruction in teaching economics, with a new micro model that starts with the profit-and-loss income statement and a new 4-stage macro model that integrates micro and macro. It applies the seven key principles of economics throughout the course: accountability, economy, saving/investment, incentives, competition/choice, entrepreneurship, and welfare. Economic Logic introduces a new growth diagram that improves upon the circular flow diagram found in other textbooks and demonstrates why saving and investing drive the economy, not consumer spending.