I get to dive into countless books, and I must say,
this one is an absolute delight. No need for any unnecessary delay, let me give you
a sneak peek into what makes it so worthwhile. Are you ready? Let's
jump right in with the introduction!Welcome to the second edition of this
remarkable textbook, which has returned with a fresh face and exciting updates! Building
upon the success of the first edition, published by Cambridge University Press in 2009,
this edition takes the core concepts that made it exceptional and enhances them with new
features and valuable content.In this edition, we have diligently refreshed all the
screenshots, ensuring compatibility with the latest version of Excel, Excel 2019. By doing
so, we offer you an up-to-date and practical learning experience. Real-world applications
have also been updated, enriching your understanding of how economic principles are
applied in today's dynamic environment.We have taken the opportunity to correct any
typos and mistakes that might have slipped through in the first edition, ensuring a
smoother reading experience. We believe in continuous improvement, and this edition
reflects our commitment to delivering the highest quality material to our
readersExcitingly, this edition introduces a brand-new chapter on rational addiction,
shedding light on a fascinating aspect of economic theory. Additionally, we have included
several fresh optimization problem examples, providing you with even more opportunities
to refine your problem-solving skills.This book has always stood out from the crowd, and
that remains true in this edition. From the outset, we have embraced a unique approach by
integrating Microsoft Excel into the teaching of economic theory. This innovative
approach allows you to develop sophisticated Excel skills alongside your understanding of
economics-an invaluable advantage that sets this book apart from any other in the field.
The use of Excel has driven a host of additional benefits. It compels us to present concrete,
numerical problems, bridging the gap between theory and practical application. Moreover,
Excel's Solver enables us to showcase numerical methods for solving optimization
problems and equilibrium models-a feature that is unparalleled in any other textbook.
By providing readily available numerical solutions, this book goes beyond the
mainstream, elevating analytical methods that are often relegated to appendixes or
overlooked altogether. Every problem is approached from two angles-once with Excel
and once with equations, algebra, and, when necessary, calculus-offering a
comprehensive learning experience that is truly one of a kind.We are thrilled to embark on
this educational journey with you through the pages of this second edition. Prepare to
discover the power of Excel in economics, unravel the mysteries of rational addiction, and
embrace new optimization problem examples. Whether you are a student or a curious
reader, we hope this textbook will not only expand your knowledge but also ignite your
passion for the fascinating world of economics
