The purpose of this book is to help you study and review independently the material in Lipsey. Courant. Purvis. and Steiner. Economics. Tenth Edition. Each chapter in this Study Guide corresponds to a chapter in the text and contains several sections: chapter overview. multiple-choice questions. exercises. and short problems. There are also review sections for microeconomics and macroeconomics at the end of the Study Guide.
The chapter overview highlights important concepts that you should understand after studying the corresponding chapter in the text and gives some perspective on how the material in a given chapter relates to other chapters. The multiple-choice questions are designed to test your understanding of these basic concepts. Each chapter contains numerous exercises to reinforce your learning of economics. They test your ability to work with graphs. solve basic problems. analyze hypotheses. and demonstrate your understanding of important concepts. Answers to all of the multiple-choice questions and exercises are provided in the Study Guide.
All of the chapters also have short problems. in addition to the exercises. The short problems are very similar to exercises. but they are slightly more advanced. A distinguishing feature of the short problems is that the answers are not in this Study Guide. Some instructors assign the short problems as homework material. while others use them as examination questions. Your instructor has the answers to the short problems.
At the end of the Study Guide are two short review sections: one for microeconomics and one for macroeconomics. Each of these sections reviews important concepts and demonstrates their application in several different contexts. These applications force you to work with. extend. and integrate these basic economic concepts. Answers to the applications are provided at the end of this book.
Students will differ in how they use this book. All of you should find the chapter overview useful for a succinct review. the multiple-choice questions helpful in assessing your grasp of the material. and the exercises important in verbal and graphical expression of key analytical concepts. Your use of the short problems will be more selective. depending on the interests and requirements of your instructor. You should find the microeconomics and macroeconomics review sections useful as you prepare for final course examinations.
Students sometimes find economics difficult to understand. The objective of this book is to assist you to understand economics by doing economics. A major feature of this Study Guide is the emphasis that is placed on the analytical tools of economics. If you take the time to work through the material in this Study Guide in conjunction with careful study of the text. you will have gained a thorough understanding of the principles of economics.

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