(eBook) Economics, Enhanced , Global Edition > eBook

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.

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