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Overview

Economics gets you to think like an economist by incorporating the latest policy, data and discussions on important global issues.The 14th Edition emphasizes real-world applications, the development of critical-thinking skills, diagrams renowned for their pedagogy and clarity, and path-breaking technology. Hallmark features in the chapter openings and endings encourage you 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.

Published by Pearson (July 7th 2022) – Copyright © 2023
ISBN-13: 9780137650699
Subject: Economics
Category: Principles of Economics

PART 1: INTRODUCTION

What is Economics?
The Economic Problem

PART 2: HOW MARKETS WORK

Demand and Supply
Elasticity
Efficiency And Equity
Government Actions in Markets
Global Markets in Action

PART 3: HOUSEHOLDS’ CHOICES

Utility and Demand
Possibilities, Preferences, and Choices

PART 4: FIRMS AND MARKETS

Organizing Production
Output and Costs
Perfect Competition
Monopoly
Monopolistic Competition
Oligopoly

PART 5: MARKET FAILURE AND GOVERNMENT

Public Choices, Public Goods, and Healthcare
Externalities

PART 6: FACTOR MARKETS, INEQUALITY, AND UNCERTAINTY

Markets for Factors of Production
Economic Inequality
Uncertainty and Information

PART 7: MONITORING MACROECONOMIC PERFORMANCE

Monitoring the Value of Production: GDP
Monitoring Jobs and Inflation

PART 8: MACROECONOMIC TRENDS

Economic Growth
Finance, Saving, and Investment
Money, the Price Level, and Inflation
The Exchange Rate and the Balance of Payments

PART 9: MACROECONOMIC FLUCTUATIONS

Aggregate Supply and Aggregate Demand
Expenditure Multipliers
The Business Cycle, Inflation, and Deflation

PART 10: MACROECONOMIC POLICY

Fiscal Policy
Monetary Policy

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