Problems and Exercises in Economics (Classic Reprint)

Excerpt from Problems and Exercises in Economics

This book of problems and exercises, originally prepared for the use of students in the University of Minnesota, has been thoroughly revised and enlarged for the present edition. It is designed to serve teachers and students in the Principles of Economics by furnishing illustrative problems and exercises in convenient form. It is believed that the use of such problems will tend to accomplish the following results:

(1) Illustrate the principles of the science and the subject-matter of the text.

(2) Form a basis for class discussions, and for discussions by students outside of class.

(3) Promote close thinking on the part of the student.

(4) Encourage students to read more critically.

(5) Stimulate interest in the subject.

The problem method succeeds best when certain problems are assigned for written exercises, the papers read and returned to the student, with errors indicated, to be corrected and returned to the instructor.

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