Why study economics and best books for MA Economics Beginners on TU

Why study economics and best books for MA Economics Beginners on TU

Economics is fun and interesting as it teaches you a new way to look the world and it makes the entire world very small in the sense it analyzes all the activities of the globe within the single category, inspect them, and their impact on a small and large scale. 

For a common person, economics only studies money or wealth but after studying economics, you will understand why people pay more for diamonds and less for water even though water is essential for survival but not the diamond. You will know some countries are so rich and some are so poor.  We can understand different policies that countries have adopted to transform their economies and become economically strong. 

After studying economics, you may say economics is everywhere in our lives, and understanding it makes our life somehow easier and interesting.

Simply, economics studies economic natures of undertakings of different economic actors of the society and state. It divides the entire world into different four sectors as the household sector, business sector, public sector and rest of the world sector and I think it makes a kind of sense as well because we can understand how the individuals, companies or businesses, governments, entire states or groups of states take decisions. 

These decisions always connect cost and benefits, outcome, optimization goals, the contribution, and all needed for the betterment of human life and the welfare of entire communities.  

Basic Economics Books/MA Economics 

Economics gives us different angels and prospective to understand things existed around us and encourage innovation as well. The most beautiful thing that I found in economics is it gives most understanding explanations with help of microeconomic theories regarding the ways and mechanisms the resources in the world are allocated and how they are distributed with help of different figures we can show the real-life problems of economic actors. The use of statistics and mathematics in economics gives the insight to develop skills and abilities to understand human psychology and that makes it a different subject than rest.  

No matter what your profession or business, the ultimate goal is to determine how satisfied you are. Every human being wants to be good first in his life, then in society, in the country and in the whole world and want to fulfill all the desires, but due to constraints, they have to face different problems. 

So economics develops models for understanding how people react in such situations, to understand the past, to predict for tomorrow, and most importantly for policy recommendations in order to increase the well-being of the people around the globe. Economics is powerful than other social sciences in the way in which it combines maths, stats, and social behaviors including the observations of individuals.

Political economy helps us understand different ideologies, philosophies, policies, and working of government, the role of unions and civil societies, the media, and so on. Countries have different political ideologies and governance system but the ending judgment of this is how benefited and happy their citizens at all economics are nicely used to understand these types of issues as well.

I will keep telling why economics is so important for making life better and making a nation the wealthy and strong.

In Nepal, you can get enroll easily to study masters of art in economics at the Central Department of Economics, Tribhuvan University. If you have enrolled as students of CEDECON or anyway interested in economics, here I would like to share some important international e-books of economics freely available on the internet. 

You can download books from this blog at free of cost. Here is the list of books that are so important to understand economics. These books are also very useful to cover the syllabus of M.A Economics, B.A Economics, and all the other business-related courses in Nepal. Listed books may be the Best Economics Books for Students of MA Economics in Nepal.

Table: Best Economics Book for Students of MA Economics in Nepal.

Title of the Book	Authors	Publication	Download link
Principles of Economics	Karl E. Case, Ray C. Fair, and Sharon M. Oster	Pearson Education Limited	Click HERE
Economics Principles  Applications and Tools	Arthur O’Sullivan, Steven M. Sheffrin	Pearson Education Limited	Click HERE
Economics	Paul Krugman, Robin Wells	Worth Publishers	Click HERE
Economics in One Lesson	Henry Hazlitt	Ludwig  von Mises Institute	Click HERE
Modern Principles of Economics	Tyler Cowen, Alex Tabarrok	Worth Publishers	Click HERE