An Introduction to Positive Economics By Richard G. Lipsey

An Introduction to Positive Economics has established itself as the major teaching text for first-year university students, sixth-formers and others beginning a course in economics. The third edition has been completely revised and rewritten by the author in light of his own and others’ experience of teaching with the book since the second edition. Every chapter has been extensively revised and the overall structure of the book has been retained. The text explains economic theory and its relation to real-world observations, with updated examples and sections to aid understanding for introductory economics students.