Economics, Global Edition eBook (13e) : 9781292294841

Economics, Global Edition eBook (13e)

 
Edition
 
13
ISBN
 
9781292294841
ISBN 10
 
1292294841
Published
 
12/11/2019
Published by
 
Pearson Higher Ed USA
Pages
 
Format
 
 
Title type
eBook
$65.00
NZ/Pacific customers only
 
 
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Description

For two-semester principles of economics courses.

An intuitive and grounded approach to economics

Get students to think like economists using the latest policy and data while incorporating global issues. Economics, 13th Edition builds on the foundation of the previous edition and retains a thorough and careful presentation of the principles of economics. The text emphasizes real-world applications, the development of critical-thinking skills, diagrams renowned for their pedagogy and clarity, and path-breaking technology. As a hallmark features in the chapter openings and endings encourage students to think critically about a news article relating to the issue, demonstrating how thinking like an economist can bring a clearer perspective to and deeper understanding of today’s events.

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Table of contents
  • PART I: INTRODUCTION 
  • 1. What is Economics? 
  • 2. The Economic Problem 
  • PART II: HOW MARKETS WORK 
  • 3. Demand and Supply 
  • 4. Elasticity 
  • 5. Efficiency And Equity 
  • 6. Government Actions in Markets 
  • 7. Global markets in Action 
  • PART III: HOUSEHOLDS’ CHOICES 
  • 8. Utility and Demand 
  • 9. Possibilities, Preferences, and Choices 
  • PART IV: FIRMS AND MARKETS 
  • 10. Organizing Production 
  • 11. Output and Costs 
  • 12. Perfect Competition 
  • 13. Monopoly 
  • 14. Monopolistic Competition
  • 15. Oligopoly 
  • PART V: MARKET FAILURE AND GOVERNMENT 
  • 16. Public Choices, Public Goods, and Healthcare
  • 17. Externalities 
  • PART VI: FACTOR MARKETS, INEQUALITY, AND UNCERTAINTY 
  • 18. Markets for Factors of Production 
  • 19. Economic Inequality 
  • 20. Uncertainty and Information 
  • PART VII: MONITORING MACROECONOMIC PERFORMANCE 
  • 21. Monitoring the Value of Production: GDP 
  • 22. Monitoring Jobs and Inflation 
  • PART VIII: MACROECONOMIC TRENDS 
  • 23. Economic Growth 
  • 24. Finance, Saving, and Investment 
  • 25. Money, the Price Level, and Inflation
  • 26. The Exchange Rate and the Balance of Payments 
  • PART IX: MACROECONOMIC FLUCTUATIONS 
  • 27. Aggregate Supply and Aggregate Demand 
  • 28. Expenditure Multipliers 
  • 29. The Business Cycle, Inflation, and Deflation 
  • PART X: MACROECONOMIC POLICY
  • 30. Fiscal Policy 
  • 31. Monetary Policy 
Features & benefits
  • New - News-Based Problems and Applications include 200 topics like: Shrinking brick-and-mortar retail and expanding online shopping; time spent by gamers playing video games; Facebook and Google in mobile ads market; Toyota's "Customer First" principle; and the effects of the Greek debt crisis on the country’s budget.
  • Economics in Action provides data and information that links models to real-world economic activity. Some of the issues covered in these boxes include the best affordable choice of recorded music, movies, and DVDs; the cost of selling a pair of shoes; how Apple doesn’t make the iPhone; opposing trends in air pollution and carbon concentration; structural unemployment in Michigan; how loanable funds fuel a home price bubble; and the size of the fiscal stimulus multipliers.
  • Economics in the News helps students think like economists by connecting chapter tools and concepts to the world around them. This hallmark feature is both integrated where appropriate in the chapter, and at the beginning and end of every chapter. At the end of each chapter (except the first), the feature shows students how to apply the tools they have learned by analyzing an article from a newspaper or website. They also present a brief news clip, supported by data and fact, before exploring economic questions and answers to those questions.
  • Updated - At Issue feature in Chapter 5 on the minimum wage now includes David Neumark’s combination of all the most recent empirical studies and Michael Luca’s Stanford Institute for Economic Policy Research pioneering study using a huge dataset from online review resource Yelp.
  • Interviews with Economists show students that people just like them have gone on to change the landscape of economic history. At the end of each part, a featured leading economist, shares what inspired them to pursue a career in economics. With relevant advice geared toward beginners, students see how real people can make a difference in the discipline.
  • New - "Chapter 1: Economists in the Economy," describes the types of jobs available to economics majors, their earnings compared with majors in other related areas, and the critical thinking, analytical, math, writing, and oral communication skills needed for a successful career in economics.
  • New - Chapter 2 features the rust-belt economy - its causes and cures, which describes and illustrates the changing patterns of production as an economy expands, and explains how technical change and economic growth first shrinks the share of agriculture as manufacturing expands and later shrinks the share of manufacturing as services expand.
  • Updated - Chapter 24 features more on the fluctuating sources of loanable funds, and less on the 2007–2008 financial crisis and more.
  • New - Chapter 31 provides an explanation of the federal funds rate ‘corridor’ and a reworked final section titled ‘Financial Crisis: Cure and Prevention,’ which includes material on Dodd–Frank, the Volcker Rule, and other macroprudential regulation.
  • Updated - Data figures, tables, and explanations include six main content changes; 40 new Economics in the News items based on recent events and issues.
  • Worked Problems are part of the chapter review, and allow students the opportunity to work a multi-part problem that covers the core content of the chapter and consists of questions, solutions, and key figures. This increases the incentive for students to learn-by-doing and actively, rather than passively, review the chapter.
  • In-text Review Quizzes reinforce major concepts and test students’ knowledge of the topics just discussed.
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