Economics: Principles, Applications, And Tools

Paperback | January 7, 2016

byArthur O'sullivan, Steven Sheffrin, Stephen Perez

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For courses in the Principles of Economics.

 

Introduces Readers to the Basic Concepts of Economics with Timely, Engaging Stories and Applications

Readers hoping to gain a better understanding of the world around them, often leave with their questions unanswered. Economics: Principles, Applications, and Tools is built upon the author’s philosophy of using basic concepts of economics to explain a wide variety of timely, engaging, real-world economic applications.

 

The Ninth Edition incorporates updated figures and data, while also emphasizing current topics of interest–including the severe economic downturn of recent years and the latest developments in economic thinking. It also includes newly refined Learning Objectives that introduce the concepts explored in each chapter, along with new applications and chapter-opening stories related to the most up-to-date developments in both macroeconomics and microeconomics.

 

Also available with MyEconLab®

MyEconLab is an online homework, tutorial, and assessment program designed to work with this text to engage students and improve results. Within its structured environment, students practice what they learn, test their understanding, and pursue a personalized study plan that helps them better absorb course material and understand difficult concepts.

 

NOTE: You are purchasing a standalone product; MyEconLab does not come packaged with this content. If you would like to purchase both the physical text and MyEconLab search for: 

 

0134303164 / 9780134303161 Economics: Principles, Applications, and Tools Plus MyEconLab with Pearson eText (2-semester access)-- Access Card Package

 

Package consists of:

  • 0134078845 / 9780134078847 Economics: Principles, Applications, and Tools
  • 0134290828 / 9780134290829 MyEconLab with Pearson eText -- Access Card -- for Economics: Principles, Applications and Tools

 

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From the Publisher

For courses in the Principles of Economics.   Introduces Readers to the Basic Concepts of Economics with Timely, Engaging Stories and Applications Readers hoping to gain a better understanding of the world around them, often leave with their questions unanswered. Economics: Principles, Applications, and Tools is built upon the a...

Arthur O’Sullivan is a professor of economics at Lewis and Clark College in Portland, Oregon. After receiving his B.S. in economics at the University of Oregon, he spent two years in the Peace Corps, working with city planners in the Philippines. He received his Ph.D. in economics from Princeton University in 1981 and has taught at th...
Format:PaperbackDimensions:768 pages, 10.9 × 8.7 × 1.2 inPublished:January 7, 2016Publisher:Pearson EducationLanguage:English

The following ISBNs are associated with this title:

ISBN - 10:0134078845

ISBN - 13:9780134078847

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Table of Contents

I. Introduction and Key Principles

1. Introduction: What Is Economics?

2. The Key Principles of Economics

3. Exchange and Markets

4. Demand, Supply, and Market Equilibrium

 

II. The Basic Concepts in Macroeconomics

5. Measuring a Nation’s Production and Income

6. Unemployment and Inflation

 

III. The Economy in the Long Run

7. The Economy at Full Employment

8. Why Do Economies Grow?

 

IV. Economic Fluctuations and Fiscal Policy

9. Aggregate Demand and Aggregate Supply

10. Fiscal Policy

11. The Income-­Expenditure Model

12. Investment and Financial Markets

 

V. Money, Banking, and Monetary Policy

13. Money and the Banking System

14. The Federal Reserve and Monetary Policy

 

VI. Inflation, Unemployment, and Economic Policy

15. Modern Macroeconomics: From the Short Run to the Long Run

16. The Dynamics of Inflation and Unemployment

17. Macroeconomic Policy Debates

 

VII. The International Economy

18. International Trade and Public Policy

19. The World of International Finance

 

VIII. A Closer Look at Demand and Supply

20. Elasticity: A Measure of Responsiveness

21. Market Efficiency and Government Intervention

22. Consumer Choice: Utility Theory and Insights from Neuroscience

 

IX. Market Structures and Pricing

23. Production Technology and Cost

24. Perfect Competition

25. Monopoly and Price Discrimination

26. Market Entry and Monopolistic Competition

27. Oligopoly and Strategic Behavior

28. Controlling Market Power: Antitrust and Regulation

 

X. Externalities and Information

29. Imperfect Information: Adverse Selection and Moral Hazard

30. Public Goods and Public Choice

31. External Costs and Environmental Policy

 

XI. The Labor Market and Income Distribution

32. The Labor Market and the Distribution of Income