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Review of the Principles of Economics by Ayati and Mohammadi

Seyed Hossein Mirjalili

MPRA Paper from University Library of Munich, Germany

Abstract: Textbooks designed for non-economics majors play an important role in shaping students’ basic understanding of economic concepts and their relevance to real-world issues. This article evaluates the book Principles of Economics, which is structured as a two-credit course and organized into three sections: definitions and concepts, major human activities, and the Iranian economy. In contrast, five other textbooks in this field provide broader and more comprehensive coverage. The assessment identifies several conceptual and definitional shortcomings, including: the definition of economics, the concepts of wealth and saving, supply and demand, the definition of population growth, distinctions between economic growth and development, endogenous and exogenous growth, the definition of money and quasi-money, concepts of distribution, the classification of economic schools of thought, the functions of the World Bank and the International Monetary Fund, and the labor theory of value and surplus value.

Keywords: Textbook Evaluation; Economic Education; Curriculum Development; Introductory Economics. (search for similar items in EconPapers)
JEL-codes: A22 (search for similar items in EconPapers)
Date: 2004-06-11, Revised 2004-09-15
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Published in Journal of Humanities 3.7(2004): pp. 73-116

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