Professor unveils economic theory using real-world examples
RELEASED: Oct. 26, 2006
DANVILLE, KY—Prof. David Anderson's latest book, Economics by Example, strives to take teaching economics a step further by not only explaining important concepts, but also by showing how to apply them in everyday situations.
This is an important teaching method that few economics books today incorporate, says Anderson, Paul G. Blazer associate professor of economics.
"Unlike books like Freakonomics, which unearth the provocative real-world stories but not the economics behind them, this book mingles real stories with explanations of the principles of economics, using words rather than graphs or equations, so that readers can understand the theories behind the exciting results," says Anderson.
"It's my intention to bust two myths with this book. The first is that economics is all about money, and the second is that learning economics isn't fun. Economics is really about decision making in the pursuit of happiness," Anderson says. "Sections on the economics of marriage, coffee, immigration, rock bands, pharmaceuticals, crime, litigation and the environment, for example, will make readers aware of the fascinating economics all around them."
"The book is targeted to college students taking their first economics course. Since it assumes no prior economic training, it's appropriate for anyone with an interest in the field," he says.
- end -
Founded in 1819, Centre College is ranked among the U.S. News top 50 national liberal arts colleges. Centre alumni, known for their nation-leading loyalty in annual financial support, include two U.S. vice presidents and two Supreme Court justices. For more, visit http://www.centre.edu/web/elevatorspeech/
For news archives go to http://www.centre.edu/web/news/newsarchive.html.
600 W. Walnut Street
Danville, KY 40422
Public Information Coordinator: Telephone 859-238-5714