Good, but fix the typos!
5/13/2006
It was a very decent text, had it for both intro micro and macro, but fix the typos. And by typos, I dont mean a few, but probably hundreds. They are small but noticable, and detracting when reading.
I didn't try Sexton Extra, which comes with the book, although it looks decent.
Great Improvement!
1/8/2008
A previous reviewer mentioned numerous typos in the 2nd edition. Now in the 4th edition, it is very clean. This is a great text, even if you don't like ECON!
Full of errors
3/26/2008
Even as a student taking his first econ class, I have found at least a half a dozen content errors, not just typographical errors. How can one have confidence in this work? And in the 4th edition! The text website quizzes have at least one error as well.
Some examples:
p. 569. The definition of the labor force participation rate is incorrect. And the entry of the baby boomers into the labors force has nothing to do with the increase in the LFPR.
p. 591, 21.2, question 4. Wrong answer.
p. 609, second paragraph. A total mess. Incorrect and incoherent.
"...net income of foreigners--the income earned abroad by U.S. firms or citizens minus the income earned by foreign firms or citizens in the United States [sic]."
"... [The] difference between the net income of foreigners and the GDP is called gross national product [sic]".
p. 804, second paragraph. One can only guess that the author repeatedly uses the word "lender" where he should have said "borrower."
p. 845, Subsection on Imperfect Information. If the estimate of the MPC is too low, then the corresponding estimate of the multiplier will be too low and the likely remedial fiscal and/or monetary policy would stimulate too much not too little. If policy makers think that the multiplier is smaller than it is in fact, they would take excessive corrective measures and thus over stimulate.
There are plenty more errors still.
The author is the Distinguished Professor of Economics at Pepperdine. Should we be impressed?
The Aplia online tests, which accompanies the book but is not produced by the same publisher, also had a few errors, but I've talked to them and they're fixing the errors.