Economics: A Primer
New book from Cass academics explains the basic principles of economics
Cass academics Dr Simon Hayley and Professor Emeritus Alec Chrystal have written an innovative new guide to economics, published by Oxford University Press. The book is designed to equip readers with an understanding of all the basic principles of economics.
The book - Economics: A Primer - is written specifically for readers with no prior knowledge of the field. Technical content is kept to a minimum and the universal principles of economics are distilled. This approach ensures that the connection between economic theory and our everyday lives is illuminated.
Dr Hayley said the book evolved out of necessity, growing out of a popular series of lectures that he and Professor Chrystal delivered during Cass induction week. The academics converted the lectures, plus additional material and insights from their careers in the public and private sectors, into a book, bringing the content to as wide an audience as possible.
“Every year students arrive at Cass to start MSc courses in business and finance-related subjects. All have a degree, but some have never studied economics before. We face a tough challenge - how much economics can we teach in just a few hours? The answer, we discovered, is quite a lot ─ more than we would previously have believed possible.”
Dr Hayley said economics courses can sometimes be quite unnecessarily mathematical, requiring students to grind through algebra or complex charts.
“Economics seeks to explain how people behave as consumers, employees and entrepreneurs ─ behaviour which seldom involves serious maths. Economics explains intuitive behaviour, so economics itself should be intuitive.”
Whether you are taking a short course in economics; are about to begin an Economics or related degree, or simply want to understand the theories which lie behind the headlines, Dr Hayley said this book will allow you to master the core concepts.
“Whatever your need, we hope you find this book useful and that we can share what we love about economics: that it helps us understand many of the choices that people make in their everyday lives and many of the issues that are in the headlines every day.”
Dr Simon Hayley is Senior Lecturer in Finance at Cass Business School, City University, London, and Professor Emeritus Alec Chrystal is Professor Emeritus of Economics, Cass Business School, City University, London.