Exploring Economics 6th Edition, was designed specifically to promote economic literacy and help you appreciate how economics affects your everyday life. This engaging text combines innovative learning tools, a visually appealing design, and captivating content to help you easily absorb information and master key concepts. Packed with examples from current events and pop culture, this book succeeds like no other book in conveying the excitement and real-world relevance of economics.
Key Features
- The Aplia supplement is a comprehensive collection of interactive problem sets, analysis, tutorials, and experiments that require students to take an active role in the learning process. Students benefit from hands-on applications without creating extra work for instructors. Homework that is automatically graded and recorded can be assigned.
- The text builds on well-known principles of learning and memory to help students absorb the material more easily and completely. Each chapter includes several short sections of just three to six pages that function as self-contained learning units, providing greater flexibility for instructors and allowing students to more readily grasp and retain information.
- Each chapter is packed with material highlighting the connection between economics and everyday issues, including hot topics such as sex on television, property rights, song swapping, and more. "In the News" synopses present relevant, thought-provoking news stories, while "Global Watch" features explore economic causes and implications of international current events, and "Using What You've Learned" exercises challenge students to apply key concepts from the text.
- An appealing design and abundant visual elements keep students engaged and actively learning, while photos, graphs, tables, and charts throughout the text help to illustrate, clarify, and reinforce key economic principles.
- Sexton's dynamic writing style helps students stay interested in the material, while the text's brief, easy-to-digest sections, built-in review questions, and frequent real-life examples and applications make learning easier and more effective.
New to This Edition
- NEW! Economic Content Standards (ECS) from the National Council of Economic Education are set in the margin where the content is introduced. This addition helps to establish clear learning objectives and ties the text to these objectives
- NEW! Over the years, student questions have been tracked. These FAQs (Frequently Asked Questions) are highlighted in the margins and offset by an icon with students raising their hands in class.
- NEW! Chapter openers have been added to each chapter. These are designed to capture the student's interest as soon as they begin reading the chapter.
- NEW! Multiple choice questions have been added to the end of each section in the chapter. These questions, plus the short answer questions, highlight the assessment-driven approach to the text.
- NEW! A number of new In the News, Global Watch and photos with captions have been added. Many of these new features connect the real world to student lives.
Contents
Part I: INTRODUCTION.
- 1. The Role and Method of Economics.
- 2. Economics: Eight Powerful Ideas.
- 3. Scarcity, Trade-Off, and Production Possibilities.
Part II: SUPPLY AND DEMAND.
- 4. Demand, Supply and Market Equilibrium.
- 5. Markets in Motion and Price Controls.
- 6. Elasticity.
Part III: MARKET EFFICIENCY, MARKET FAILURE, AND THE PUBLIC SYSTEM.
- 7. Market Efficiency and Welfare.
- 8. Market Failure.
- 9. Public Finance and Public Choice.
Part IV: HOUSEHOLDS AND MARKET STRUCTURE.
- 10. Consumer Choice Theory.
- 11. The Firm: Production and Cost.
- 12. Firms in Perfectly Competitive Markets.
- 13. Monopoly and Antitrust.
- 14. Monopolistic Competition and Product Differentiation.
- 15. Oligopoly and Strategic Behavior.
Part V: INPUT MARKETS AND MICROECONOMIC POLICY ISSUES.
- 16. The Markets for Labor, Capital, and Land.
- 17. Income, Poverty and Health Care.
Part VI: MACROECONOMICS FOUNDATIONS.
- 18. Introduction of Macroeconomics: Unemployment, Inflation, and Economic Fluctuations.
- 19. Measuring Economic Performance.
- 20. Economic Growth in the Global Economy.
- 21. Financial Markets, Savings, and Investment.
- Part VII: THE MACROECONOMIC MODELS.
- 22. Aggregate Demand and Aggregate Supply.
- 23. The Aggregate Expenditure Model.
Part VIII: MACROECONOMIC POLICY.
- 24. Fiscal Policy.
- 25. Monetary Institutions.
- 26. The Federal Reserve System and Monetary Policy.
- 27. Issues in Macroeconomic Theory and Policy.
- Part IX: THE GLOBAL ECONOMY.
- 28. International Trade.
- 29. International Finance.
About the Author
- A distinguished professor of economics at Pepperdine University's Seaver College, Robert Sexton is a graduate of California Lutheran College and received his M.A. and Ph.D. degrees from the University of Colorado. Dr. Sexton writes frequently for economic and business journals. His research spans American economic history, economic policy analysis, statutes and enforcement costs, public choice, regional economics, migration, and economic education. Professor Sexton has been a visiting professor at UCLA and was Pepperdine's 1991 Professor of the Year. His professional achievements have been recognized with the Howard A. White Memorial Teaching Award, the Luckman Distinguished Teaching Fellowship, and multiple Merit Acceleration Awards for excellence in teaching and research.
Book Details
- Hardcover: 944 pages
- Publisher: Cengage Learning; 6 edition (©2013)
- Language: English
- ISBN-10: 1111970300
- ISBN-13: 978-1111970307
- Product Dimensions: 8.5 x 1.5 x 11 inches
- List price: $318.95