Essentials of Economics + MyLab Economics with Pearson eText - Access Card Package (4e)

This pack contains 1 copy of Essentials of Economics and 1 printed access card to MyLab Economics with Pearson eText.

Please Note: MyLab Economics is not a self-paced technology and should only be purchased when required by an instructor.

Essentials of Economics

The only Economics text that includes current Australian full articles and teaching application throughout the text. Hubbard includes solved problems within chapters. These solved problems keeps students focused on the main ideas of each chapter, and prevents them from getting bogged down due to a lack of basic math or word problem skills.

A business approach is integrated throughout the book, using real-world business examples to teach economics. The text constantly asks the question ‘Why am I here, and will I ever use this?’, prompting students to realise their own answer to the question and motivating them to apply the teachings to the real-world.

Pearson MyLab™ is the world's leading online self-study, homework, tutorial and assessment product designed with a single purpose in mind: to improve the results of all higher education students, one student at a time.

Time Limit

The duration of access to MyLab Economics is set by your instructor for your specific unit of study.

To access MyLab Economics you will need a Course ID from your instructor, a valid email address and an access code.

Part 1 Introduction
1 Economics: foundations and models
Appendix Using graphs and formulas
2 Choices and trade-offs in the market

Part 2 How the Market Works
3 Where prices come from: the interaction of demand and supply
Appendix Behavioural economics: do people make their choices rationally?
4 Elasticity: the responsiveness of demand and supply
5 Economic efficiency, government price setting and taxes

Part 3 Firms and Market Structures
6 Technology, production and costs
7 Firms in perfectly competitive markets
8 Monopoly markets
Appendix Price discrimination
9 Monopolistic competition and oligopoly

Part 4 Markets for Factors of Production
10 The markets for labour and other factors of production

Part 5 The Role of Government
11 Government intervention in the market
12 Social policy and inequality

Part 6 Macroeconomic Foundations
13 GDP: measuring total production, income and economic growth
14 Unemployment and inflation
15 Aggregate demand and aggregate supply analysis
Appendix The aggregate expenditure model

Part 7 Monetary and Fiscal Policy
16 Money, banks and the Reserve Bank of Australia
17 Monetary policy
18 Fiscal policy
Appendix 1 Is there a short-run trade-off between unemployment and inflation?
Appendix 2 A closer look at the multiplier

Part 8 The International Economy
19 Comparative advantage and the gains from international trade
20 Macroeconomics in an open economy

Glossary
Index

• The real-world focus of this text provides a hands-on approach to learning economics. Case studies and articles offer context based in reality to the theories presented. These are then paired with a personal dimension through ‘Economics in Your Life’, engaging students’ own experiences with economics
• Students are supported with a variety of pedagogical features aimed at providing a consistent and scaffolded delivery of content, offering a broad range of opportunities to apply and test their learning.
• The real-world focus of this text allows students to visualise how the content can be applied to people and businesses in reality. This helps take students beyond concepts and creates a for them to visualise the theory in a tangible framework