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This book helps readers master economic concepts and techniques by tackling fundamental economic and political questions through a series of models. It is organized around a sequence of “big questions,” among them: When do markets help translate individuals' uncoordinated, selfish actions into outcomes that are best for all? Do markets change people, and, if so, for worse or better? Translated into the language of modern economics, do Marx's ideas have merit? Why is there so much income inequality? Or is there too little? The arguments are in the theorem-proof format, distinguishing results derived in the context of fully specified models from educated speculation. Readers will learn how to pose a question rigorously and how to work toward an answer, and to appreciate that even (especially!) the broadest and most ambitious questions call for a model. The goal of the book is not to indoctrinate but to show readers how to reason toward their own conclusions.The first chapter, on the Walrasian model of general equilibrium, serves as the prerequisite for the rest of the book. The remaining chapters cover less conventional topics, including the morality of markets; matching theory; Marxism, socialism, and the resilience of markets; a formalization of Kant's categorical imperative; unintended consequences of policy design; and theories of justice. The book can be used as a textbook for advanced undergraduate or graduate students or as a resource for researchers in disciplines that draw on normative economics.
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CRQs for the Final FRCA is the first book of its kind and an invaluable resource for any candidate preparing to pass the written aspect of the Final FRCA. It has been specifically designed to reflect the new written examination format, providing ten complete CRQ examination papers and answer templates, with additional tips and references to aid further learning. Each paper has been carefully formulated to include the different topics contained within the examination and cover a vast area of the syllabus. Unlike other revision texts, this book will enable candidates to practise the CRQ format and refine their exam technique to ensure they are best equipped to succeed. It is written by a team of two consultant anaesthetists and two senior trainees who run the North West Final FRCA Exam Practice Course and have extensive experience of preparing trainees to pass the examination.
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