Penson: Introduction to Agricultural Economics 6th Edition

Introduction to Agricultural Economics, Sixth Edition, provides students with a systematic introduction to the basic economic concepts and issues impacting the U.S. food and fiber industry and offers strong coverage of macroeconomic theory and international trade. The Teaching and Learning Package includes an Instructor’s Manual and PowerPoint slides.

Key Features

Strong coverage of macroeconomics, the role of government, and international agricultural trade:

• Examines how macroeconomic policy, government regulations and international trade agreements impact farmers, ranchers, agribusinesses, financial institutions, and consumers of food and fiber products.
• The coverage of macroeconomics and agricultural programs and policies allows students to further understand the domestic market economy.
• The coverage of international trade helps students understand events in today's global economy.

Building block approach:

• Provides students with a systematic introduction to the basic concepts and issues in economics as they relate to both the food and fiber industry.
• Focuses first on individual consumer and producer decision making, then market equilibrium and economic conditions, then government intervention in agriculture, then macroeconomic policy, and finally international trade.
• Covers natural resource issues and government programs indigenous to the agricultural sector.
• Addresses Policy implications in the respective chapters.
• Includes extensive treatment of the important concept of demand and elasticity and its relevance to understanding revenue and economic welfare implications.
• Introduces the notion of production and the supply curve for the firm, along with market equilibrium.
• Covers perfect and imperfect competition to complete the picture of microeconomics.

Extensive chapter review:

• Each chapter contains an extensive list of questions designed to test student comprehension of the material covered. These questions are labeled EQs (economic quotients).
• An instructor's manual is provided with answers to the EQ questions, and a test bank is provided with answers.

Instructor support materials:

• Includes updated PowerPoint slides and an Instructor’s Manual with Test Bank.
• Supplies instructors with visuals and materials that support each lecture and decrease course preparation time.

New to This Edition

• New! Restructured chapter on macroeconomics of agriculture where the decade-by-decade history review has been replaced by a graphical presentation of how changes in macroeconomic policy affect farm revenue, profit, land prices, and producer net worth.
• New! Redesign of chapters dealing with international agricultural trade where four chapters have been reduced to three chapters with no loss in coverage of key concepts.
• New! Updated tables and figures from the fifth edition address changes in the economy in recent years.
• New! Updated chapter on the role of government in agriculture offers coverage of farm policy and particularly insights into the new Farm Bill.
• New! Expanded TEQ (Testing Your Economic Quotient) questions at the end of each chapter help students test their understanding of material in each chapter and give them an idea of what potential test questions may look like.

Contents

Part One: Introduction

• 1. What is Agricultural Economics?
• 2. The U.S. Food and Fiber Industry

Part Two: Understanding Consumer Behavior

• 3. Theory of Consumer Behavior
• 4. Consumer Equilibrium and Market Demand
• 5. Measurement and Interpretation of Elasticities

Part Three: Business Behavior and Market Equilibrium

• 6. Introduction to Production and Resource Use
• 7. Economics of Input and Product Substitution
• 8. Market Equilibrium and Product Price: Perfect Competition
• 9. Market Equilibrium and Product Price: Imperfect Competition

Part Four: Government in the Food and Fiber Industry

• 10. Natural Resources, the Environment, and Agriculture
• 11. Government Intervention in Agriculture

Part Five: Macroeconomics of Agriculture

• 12. Product Markets and National Output
• 13. Macroeconomic Policy Fundamentals
• 14. Consequences of Business Fluctuations
• 15. Macroeconomic Policy and Agriculture

Part Six: International Agricultural Trade

• 16. Agricultural Trade and Exchange Rates
• 17. Why Nations Trade
• 18. Agricultural Trade Policy and Preferential Trading Arrangements
• Glossary
• Index

Book Details

• Hardcover: 432 pages
• Publisher: Prentice Hall; 6 edition (©2015)
• Language: English
• ISBN-10: 0133379485
• ISBN-13: 978-0133379488
• Product Dimensions: 8.5 x 0.8 x 11 inches
• List Price: $167.40

Acemoglu: Microeconomics

Acemoglu, Laibson, List: An evidence-based approach to economics.

Throughout Microeconomics, authors Daron Acemoglu, David Laibson, and John List use real economic questions and data to help students learn about the world around them.

Taking a fresh approach, the authors use the themes of optimization, equilibrium and empiricism to illustrate the power of simple economic ideas, and their ability to explain, predict, and improve what happens in the world. Each chapter begins with an empirical question that is later answered using data in the Evidence-Based Economics feature. As a result of the text’s practical emphasis, students will learn to apply economic principles to guide the decisions they make in their own lives.

Key Features

Teach economics through three unified themes

• 1. Optimization. The first principle — that people try to choose the best available option — is optimization.
• 2. Equilibrium. Economic systems tend toward equilibrium, wherein each economic actor feels that he or she cannot do any better by picking another course of action.
• 3. Empiricism. While the first two key principles are conceptual, the third is methodological.

Showcase empirical questions with engaging features.

• 1. Evidence-Based Economics (EBE) features show how economists use data to answer the question posed in the opening paragraph of each chapter.
• 2. Letting the Data Speak features reinforces the theme of evidence behind the theory.
• 3. Choice and Consequence features emphasize optimization — one of the key themes in the book — by focusing on making the best decision. These features ask students to make an economic decision, or evaluate the consequences of past real decisions.

Show the importance of microeconomic concepts in everyday life.

• 1. An integrated approach to consumption and production.
• 2. In-depth coverage of game theory that yields powerful insights.
• 3. An innovative suite that extends the microeconomic toolbox.

Contents

Part I. Introduction to Economics

• Chapter 1. The Principles and Practice of Economics
• Chapter 2. Economic Methods and Economic Questions
• Chapter 3. Optimization: Doing the Best You Can
• Chapter 4. Demand, Supply, and Equilibrium

Part II. Foundations of Microeconomics

• 5. Consumers and Incentives
• 6. Sellers and Incentives
• 7. Perfect Competition and the Invisible Hand
• 8. Trade
• 9. Externalities and Public Goods
• 10. The Government in the Economy: Taxation and Regulation
• 11. Markets for Factors of Production

Part III. Market Structure

• 12. Monopoly
• 13. Game Theory and Strategic Play
• 14. Oligopoly and Monopolistic Competition

Part IV. Extending the Microeconomic Toolbox

• 15. Trade-offs Involving Time and Risk
• 16. The Economics of Information
• 17. Auctions and Bargaining
• 18. Social Economics
• Web Chapter 1. Financial Decision Making
• Web Chapter 2. Economics of Life, Health, and the Environment
• Web Chapter 3. Political Economy

Book Details

• Paperback: 488 pages
• Publisher: Prentice Hall; 1 edition (©2015)
• Language: English
• ISBN-10: 0321391578
• ISBN-13: 978-0321391575
• Product Dimensions: 8.4 x 0.9 x 10.7 inches
• List Price: $236.40

Gerber: International Economics 6th Edition

A principles-level introduction to international economics that is accessible to all majors.

International Economics uses a rich array of case studies to illuminate economic institutions and policies as well as recent developments in the global economy—without students having to rely on a prerequisite knowledge of higher-level math. Further, the text’s flexible approach—with self-contained chapters and comprehensive coverage—allows instructors to adapt the text easily to a wide range of syllabi.

The sixth edition preserves the organization and coverage of the fifth edition and adds a number of updates and enhancements. All tables and graphs have been updated and every chapter begins with a list of student learning outcomes. Chapter 13, The United States in the World Economy, is heavily revised and refocused towards U.S. international economic relations, including NAFTA, but adds material on other trade agreements, including a new case study on preferential agreements such as the African Growth and Opportunity Act.

Key Features

• Make a Real Connection with Real-World Applications. Gerber believes that students have an easier time understanding theory when it is presented with real-world applications. To this end, International Economics supplements economic theory with case studies and other content ranging from the role of economic institutions and analysis of international economic policies, to the recent history of the world economy.
• Understand the International Microeconomic and Macroeconomic Aspects. Covering both micro and macro in a one-semester course requires paring back the coverage of theory in order to focus on central concepts, however, as all instructors are aware, many theoretical topics are of secondary or tertiary importance. Streamlining this topic can pose a problem for students who may lack the needed depth to rank topics by their relative importance. This text presents the perfect balance when covering the micro- and macroeconomics aspects of international economics.
• See the Difference Between Theory and Policy, Through Rich History and Detail. International Economics provides more rich history and institutional detail than most other texts. This text illuminates the relationships between economic theory and policy, and economics and the other social sciences, helping students walk away from the course with an understanding of the entire spectrum of international economics.

New to This Edition

• All tables and graphs have been updated.
• Each chapter begins with a list of student learning outcomes
• Chapter 3 has a new case study on the gains from trade that uses the historical example of Japan’s opening in the 19th century.
• Chapter 4’s discussion of off-shoring is extended by a new case study examining China’s role in global supply chains for the Apple iPhone 3G.
• Chapter 5’s discussions of intraindustry trade and industrial policies are streamlined and the model of monopolistic competition is incorporated into the text instead of being left to the appendix.
• Chapter 5 also has a new case study on the WTO and developing countries.
• Chapter 7’s discussion of tariff rates now includes data on China and is more focused on current tariff levels.
• Chapter 8 on labor and environmental standards has a new case study on global climate change.
• Chapter 10 now provides students with IMF estimates of the number of countries using each type of exchange rate system.
• Chapter 13 is refocused towards U.S. international economic relations, including NAFTA, but adds material on other trade agreements, including a new case study on preferential agreements such as the African Growth and Opportunity Act.
• Chapter 14 has less material on EU institutions and more on the gains from the Single Market Program, together with a new case study on the current problems in the euro area and the costs of monetary union.
• Chapter 17 examines the BRIC economies; the emphasis on China remains, but new material looks at the rise of the BRICs and their impact on the international economy.

Contents

Part I. INTRODUCTION AND INSTITUTIONS

• Chapter 1. The United States in a Global Economy
• 2. International Economic Institutions since World War II

Part II INTERNATIONAL TRADE

• 3. Comparative Advantage and the Gains from Trade
• 4. Comparative Advantage and Factor Endowments
• 5. Beyond Comparative Advantage
• 6. The Theory of Tariffs and Quotas
• 7. Commercial Policy
• 8. International Trade and Labor and Environmental Standards

Part III. INTERNATIONAL FINANCE

• 9. Trade and the Balance of Payments
• 10. Exchange Rates and Exchange Rate Systems
• 11. An Introduction to Open Economy Macroeconomics
• 12. International Financial Crises

Part IV. REGIONAL ISSUES IN THE GLOBAL ECONOMY

• 13. The United States in the World Economy
• 14. The European Union: Many Markets into One
• 15. Trade and Policy Reform in Latin America
• 16. Export-Oriented Growth in East Asia
• 17. The BRIC Countries in the World Economy

Book Details

• Hardcover: 504 pages
• Publisher: Prentice Hall; 6 edition (©2014)
• Language: English
• ISBN-10: 0132948915
• ISBN-13: 978-0132948913
• Product Dimensions: 7.5 x 0.9 x 9.1 inches
• List Price: $236.40

McGuigan: Managerial Economics 13th Edition: Applications, Strategies & Tactics

By illustrating how effective managers apply economic theory and techniques to solve real-world problems, MANAGERIAL ECONOMICS 13E helps future business leaders learn to think analytically and make better decisions. As always, the seasoned author team balances a solid foundation of traditional microeconomic theory with extensive exploration of the latest analytical tools in managerial economics, such as game-theoretic tactics, information economics, and organizational architecture. This new edition is concise, comprehensive, and current with cutting-edge coverage of important management topics relevant to today's students, including an exciting focus on "green" business and environmentally friendly practices and products.

Key Features

• Streamlined Approach: Responding to user feedback, the 12th edition is succinct and streamlined. The book thoroughly covers key topics, while less-used material is now found on the textbook's website to give the authors optimal flexibility in their course coverage.
• More International Coverage: The 12th edition demonstrates a strong emphasis on international business issues with coverage on China, India, and the global marketplace. The book integrates international issues throughout, illustrating how they relate to managerial efficiency and shareholder wealth maximization. Additionally, intriguing "International Perspectives" illustrate how chapter concepts can be applied to problems faced by managers in an increasingly global climate, helping readers understand the international impact of economics.
• Diverse Approaches: The authors present key analytical concepts in several different ways−including tabular analysis, graphical analysis, and algebraic analysis−making difficult material more accessible and enabling students to learn in the format with which they are most comfortable. When elementary differential calculus is used, at least one alternative mode of analysis also is presented for readers. The book also has a strong finance emphasis.
• Real-World Emphasis: The 300-plus applications and examples from actual practice give student's hands-on experience with the decision-making challenges they will face as managers−as well as effective tools to solve them. For example, each chapter opens with a Managerial Challenge illustrating an economic analysis problem faced by actual managers that relates to chapter material.
• Decision-Making Skills: "What Went Right/What Went Wrong" features, now included in all chapters, enable students to apply what they have learned to real-business decisions and see the positive and negative outcomes of management decisions. These insightful features show the relevance of managerial economic insights to avoiding widely discussed corporate mistakes, teaching students how to critically evaluate good and bad decisions and the subsequent effects.
• Contemporary Coverage: A strong emphasis is placed on the most current topics in microeconomic thinking, including organizational economics, game-theoretic tactics, auction economics, strategy, information economics, and more. This coverage is balanced with more traditional neoclassical micro theory.

New to This Edition

• New Manager Challenges include hedonic price of home, Lee Jeans, and GM cost structure before and after the bailout.
• Expanded public policy application to wind/solar economics in the Case Studies at end of Chapter 1.
• Updated oil market and CFL/LED bulb content in Chapter 2.
• New content on Intel Chip Flaws as marginal analysis in Chapter 2.
• New content on the value of the Chinese yuan, WTO rulings and antidumping sanctions, European debt crisis.
• New boxed features on smart phones, tablets, video demand in its various forms.
• Updated direct costing content with regards to gross margin to reflect SGA on shelf allowances and Manufacturing overhead on set-up costs to reflect new financial analyst practices.
• New content on Subway/Quizno and Playstation/Xbox/Wii price tactics.
• InfoTrac® Student Collections are specialized databases expertly drawn from the Gale Academic One library. Each InfoTrac® Student Collection enhances the student learning experience in the specific course area related to the product. These specialized databases allow access to hundreds of scholarly and popular publications - all reliable sources - including journals, encyclopedias, and academic reports.

Contents

PART I: INTRODUCTION.

• 1. Introduction and Goals of the Firm.
• 2. Fundamental Economic Concepts.

PART II: DEMAND AND FORECASTING.

• 3. Demand Analysis.
• 4. Estimating Demand.
• 4A. Problems in Applying the Linear Regression Model.
• 5. Business and Economic Forecasting.
• 6. Managing in the Global Economy.
• 6A. Foreign Exchange Risk Management.

PART III: PRODUCTION AND COST.

• 7. Production Economics.
• 7A. Maximization of Production Output Subject to a Cost Constraint.
• 7B. Production Economics of Renewable and Exhaustible Natural Resources.
• 8. Cost Analysis.
• 8A. Long-Run Costs with a Cobb-Douglas Production Function.
• 9. Applications of Cost Theory.

PART IV: PRICING AND OUTPUT DECISIONS: STRATEGY AND TACTICS.

• 10. Prices, Output, and Strategy: Pure and Monopolistic Competition.
• 11. Price and Output Determination: Monopoly and Dominant Firms.
• 12. Price and Output Determination: Oligopoly.
• 13. Best-Practice Tactics: Game Theory.
• 13A. Entry Deterrence and Accommodation Games.
• 14. Pricing Techniques and Analysis.

PART V: ORGANIZATIONAL ARCHITECTURE AND REGULATION.

• 15. Contracting, Governance, and Organizational Form.
• 15A. Auction Design and Information Economics.
• 16. Government Regulation.
• 17. Long-Term Investment Analysis.

Appendices.

• A. The Time Value of Money.
• B. Tables.
• C. Differential Calculus Techniques in Management .
• D. Check Answers to Selected End-of-Chapter Exercises.
• Glossary.
• Index.
• Notes.
• Web Appendices.

About the Authors

• James R. McGuigan owns and operates his own numismatic investment firm. Prior to this business, he was Associate Professor of Finance and Business Economics in the School of Business Administration at Wayne State University. He also taught at the University of Pittsburgh and Point Park College. McGuigan received his undergraduate degree from Carnegie-Mellon University; MBA at the Graduate School of Business at the University of Chicago and his PhD from the University of Pittsburgh.
• R. Charles Moyer earned his BA in Economics from Howard University and his MBA and PhD in Finance and Managerial Economics from the University of Pittsburgh. Professor Moyer is Dean Emeritus of the College of Business at the University of Louisville, and Professor of Finance and Entrepreneurship. He is Dean Emeritus and former holder of the GMAC Insurance Chair in Finance at the Babcock Graduate School of Management, Wake Forest University.
• Frederick H. deB. Harris (Rick) is the John B. McKinnon Professor of Economics and Finance at the Schools of Business, Wake Forest University. Professor Harris holds a 1981 Ph.D. from the University of Virginia and a Dartmouth College A.B. in Economics. His specialties are pricing tactics and capacity planning in product markets as well as price discovery in financial markets and security market design. He has taught integrative managerial economics Core courses and elective B.A., B.S., M.S., M.B.A., and Ph.D. courses at Wake Forest, the University of Texas, and William and Mary, as well as several universities in France, Italy, Germany, and Australia.

Book Details

• Hardcover: 768 pages
• Publisher: Cengage Learning; 13 edition (c2014)
• Language: English
• ISBN-10: 1285420926
• ISBN-13: 978-1285420929
• Product Dimensions: 10.1 x 8 x 1.4 inches
• List Price: $323.95

Hubbard: Essentials of Economics 3rd Edition

The number-one question students of economics ask themselves is, "Why am I here, and will I ever use this?" Hubbard/O'Brien answers this question by demonstrating that real businesses use economics to make real decisions everyday. This is something all students can connect to, whether they're business majors or not, because students encounter businesses in their daily lives. And regardless of their future career path—opening an art studio, doing social work, trading on Wall Street, working for the government, or bartending at the local pub—students will benefit from understanding the economic forces behind their work.

Key Features

• Solved Problems throughout the text provide models of how to solve an economic problem by breaking it down step-by-step.
• MyEconLab integrated throughout brings the text to life for students just when they need it.
• Real-world business chapter opening cases set a real context for learning, spark students' interest, and provide a unifying theme for the chapter by showing how the economic concepts about to be learned impact a real business.
• Chapter Examples and Figures consistently revisit the business discussed in the opener and use that business (or industry) to motivate the economic principles.
• An Inside Look ends each chapter with a newspaper article illustrating how a key principle in the chapter was used by the chapter-opening case company to make a real business decision.

New to this edition

• The new chapter on The Economics of Health Care covers: Health care around the world; Information problems and externalities in the market for health care; The Patient Protection and Affordable Care Act in the United States.
• There is new coverage of the slow recovery from the recession and financial crisis of 2007–2009.
• There is new coverage of initiatives by the Federal Reserve, including quantitative easing and Operation Twist.
• There is new coverage of fiscal policy, including analysis of the debate over fiscal stimulus and the magnitude of multipliers for government spending and taxes.
• All companies in the chapter-openers have been replaced with new companies or updated with current information.
• All chapters include new An Inside Look newspaper articles and analyses to help students apply economic thinking to current events and policy debates.
• There are new Making the Connectionfeatures to help students tie economic concepts to current events and policy issues.
• Figures and tables have been updated, using the latest data available.
• Many of the end-of-chapter problems have been either replaced or updated.

Contents

PART 1: INTRODUCTION

• Chapter 1: Economics: Foundations and Models
• Chapter 2: Trade-offs, Comparative Advantage, and the Market System
• Chapter 3: Where Prices Come From: The Interaction of Demand and Supply

PART 2: MARKETS IN ACTION: POLICY AND APPLICATIONS

• Chapter 4: Market Efficiency and Market Failure
• Chapter 5: The Economics of Healthcare

PART 3: MICROECONOMIC FOUNDATIONS: CONSUMERS AND FIRMS

• Chapter 6: Firms, the Stock Market, and Corporate Governance
• Chapter 7: Consumer Choice and Elasticity
• Chapter 8: Technology, Production, and Costs

PART 4: MARKET STRUCTURE AND FIRM STRATEGY

• Chapter 9: Firms in Perfectly Competitive Markets
• Chapter 10: Monopoly and Antitrust
• Chapter 11: Monopolistic Competition and Oligopoly

PART 5: MACROECONOMIC FOUNDATIONS

• Chapter 12: GDP: Measuring Total Production and Income
• Chapter 13: Unemployment and Inflation

PART 6: LONG-RUN AND SHORT-RUN FLUCTUATIONS

• Chapter 14: Economic Growth, the Financial System and Business Cycles
• Chapter 15: Aggregate Demand and Aggregate Supply Analysis
• Appendix: Schools of Macro Thought

PART 7: MONETARY AND FISCAL POLICY

• Chapter 16: Money, Banks, and the Federal Reserve System
• Chapter 17: Monetary Policy
• Chapter 18: Fiscal Policy
• Chapter 19: Comparative Advantage, International Trade, and Exchange Rates

Book Details

• Paperback: 744 pages
• Publisher: Prentice Hall; 3 edition (2014)
• Language: English
• ISBN-10: 0132826933
• ISBN-13: 978-0132826938
• Product Dimensions: 1 x 8.7 x 11 inches
• List price: $214.20

Miller: The Economics of Public Issues 18th Edition

For principles of economics, public policy, and social issues courses. Brief, relevant readings that spark independent thinking and classroom discussions. The Economics of Public Issues is a collection of brief, relevant readings that spark independent thinking and classroom discussions in Principles of Economics and Social Issues courses. This text encourages students to apply theoretical discussions to today’s important issues and to gain a deeper understanding of current economic policy concerns.

Key Features

• Spark independent thinking and classroom discussion.
• Readings are concise, allowing for easy integration into any principles of economics or issues-based classroom.
• A correlation guide in the preface illustrates how to integrate topics into different courses.
• Conversational and informative non-technical writing is geared toward principles-level students and does not require advanced math.
• Using the latest debates in social policy, the authors encourage readers to question their own assumptions and the analysis offered by the media and politicians on key issues.
• Discussion questionsare included for each real-world issue, and an online Instructor’s Manual provides tips for leading classroom dialogues.

New to this edition

Illustrate the power of economics in explaining the world around us. The new issues addressed in this edition include the following:

• Surf Gangs (lessons from surfers on property rights and economic efficiency).
• All Fracked Up (how a natural gas exploration is making us richer and greener).
• Over $1 Trillion in College Debt, and Rising (but for many young people, borrowing to go to college is still the right thing to do).
• The Deception of Green Energy (the unsustainability of wind farms, solar panels, and electric cars).
• Save a Turtle, Kill a Person (why bans on plastic bags waste resources, harm the environment, and threaten human lives).
• The Economics of the Big Mac (lessons we can learn from the ultimate burger).

Contents

Part One: The Foundations of Economic Analysis

• 1 Death by Bureaucrat
• 2 Supersize It
• 3 Flying the Friendly Skies?
• 4 The Mystery of Wealth
• 5 Surf Gangs

Part Two: Supply and Demand

• 6 Sex, Booze, and Drugs
• 7 All Fracked Up
• 8 Kidneys for Sale
• 9 Are We Running Out of Water?
• 10 Bankrupt Landlords, from Sea to Shining Sea

Part Three: Labor Markets

• 11 (Why) Are Women Paid Less?
• 12 Over $1 Trillion in College Debt, and Rising
• 13 The Effects of the Minimum Wage
• 14 Immigration, Superstars, and Poverty
• 15 The (Dis)incentives of High Taxes

Part Four: Market Structures

• 16 Patent Trolls and Seed Monopolies
• 17 Contracts, Combinations, and Conspiracies
• 18 Coffee, Tea, or Tuition-Free?
• 19 Keeping the Competition Out

Part Five: Political Economy

• 20 The Deception of Green Energy
• 21 Save a Turtle, Kill a Person
• 22 Raising Less Corn and More Hell
• 23 The Pension Crisis
• 24 The Graying of America

Part Six: Property Rights and the Environment

• 25 Save that Species
• 26 Greenhouse Economics
• 27 Ethanol Madness
• 28 The Trashman Cometh

Part Seven: Globalization and Economic Prosperity

• 29 The Economics of the Big Mac
• 30 Globalization and the Wealth of America
• 31 The $750,000 Steelworker
• Glossary
• Selected References
• Index

About the Authors

• Roger LeRoy Miller received his PhD from the University of Chicago. He is currently Director of the Institute for University Studies in Arlington, Texas. Dr. Miller is a legal specialist and author of numerous books on law and the legal environment, including criminal procedure. In addition, Dr. Miller has authored books on the war on drugs, the economics of crime and criminal behavior, and on related topics.
• Daniel K. Benjamin - Alumni Distinguished Professor, John E. Walker Department of Economics, Clemson University.

Book Details

• Paperback: 264 pages
• Publisher: Prentice Hall; 18 edition (c2014)
• Language: English
• ISBN-10: 0133022935
• ISBN-13: 978-0133022933
• Product Dimensions: 8.4 x 5.8 x 0.7 inches
• List price:$39.40

Heyne: The Economic Way of Thinking 13rd Edition

The Economic Way of Thinking goes beyond explaining the basic principles of micro- and macroeconomic analysis by showing students a method of reasoning that teaches them how to apply these principles as tools. The authors expose students to a method of reasoning that makes them think like an economist through example and application and also shows them how not to think, by exposing errors in popular economic reasoning.

Key Features

• Critical Thinking Over Memorization. This text stresses critical thinking exercises over formal modeling and number crunching.
• Accomplish More with Less. Unlike other texts, the material presented in the Economic Way of Thinking is linear and streamlined, employing a “less is more” philosophy.
• Applications Integrated into the Text.
• Clear, Focused Graphs.
• Comprehensible Insight
• Student-friendly Writing Style.
• Clarified Continuing Theme.
• “Index of Economic Freedom” Data.
• Expanded Insight on Contemporary and Traditional Principles.

New to this edition

• Discuss time preference and the role of interest rates in coordinating economic activity in Chapter 5.
• An entire chapter on income distribution (Chapter 12) had been reintroduced.
• A discussion of discouraged workers in Chapter 13 had been added.
• Discussion of monetary equilibrium has been merged into Chapter 14 on money.
• Discuss the Austrian theory of the unsustainable boom in Chapter 15, connect that to the interest rate presentation in Chapter 5, and apply it to the Great Recession of our recent past.
• The data and have added learning objectives at the beginning of each chapter had been updated.

Contents

• Chapter 1 The Economic Way of Thinking
• Chapter 2 Efficiency, Exchange and Comparative Advantage
• Chapter 3 Substitutes Everywhere: The Concept of Demand
• Chapter 4 Cost and Choice: The Concept of Supply
• Chapter 5 Supply and Demand: A Process of Coordination
• Chapter 6 Unintended Consequences: More Applications of Supply and Demand
• Chapter 7 Profit and Loss
• Chapter 8 Price Searching
• Chapter 9 Competition and Government Policy
• Chapter 10 Externalities and Conflicting Rights
• Chapter 11 Markets and Government
• Chapter 12 the Distribution of Income
• Chapter 13 Measuring the Overall Performance of Economic Systems
• Chapter 14 Money
• Chapter 15 Economic Performance and Real-World Politics
• Chapter 16 The Wealth of Nations: Globalization and Economic Growth

Book Details

• Paperback: 456 pages
• Publisher: Prentice Hall; 13 edition (c2014)
• Language: English
• ISBN-10: 0132991292
• ISBN-13: 978-0132991292
• Product Dimensions: 0.7 x 7.2 x 8.8 inches
• List price: $184.00

Just: Introduction to Behavioral Economics

With the rise of behavioral economics courses undergraduates are seeking more formal training and instruction in behavioral economics topics. Introduction to Behavioral Economics covers all the ways consumers and other economic agents behave in an irrational manner, and prepares readers to make rational economic choices.

This book is focused on the broad principles of behavior, which are illustrated using real-world examples, examples from experimental literature, as well as experiential examples. All examples are drawn from news items, historical accounts and the economics literature. Experimental examples are drawn from the economics literature and are in the form of classroom experiments that complement the principles of the book.

Contents

• 1 Rationality, Irrationality, and Rationalization

Part 1 Consumer Purchasing Decisions

• 2 Transaction Utility and Consumer Pricing
• 3 Mental Accounting
• 4 Status Quo Bias and Default Options
• 5 The Winner’s Curse and Auction Behavior

Part 2 Information and Uncertainty

• 6 Bracketing Decisions
• 7 Representativeness and Availability
• 8 Confirmation and Overconfidence
• 9 Decision under Risk and Uncertainty
• 10 Prospect Theory and Decision under Risk or Uncertainty

Part 3 Time Discounting and the Long and Short Run

• 11 Disagreeing with Ourselves: Projection and Hindsight Biases
• 12 Naïve Procrastination
• 13 Committing and Uncommitting

Part 4 Social Preferences

• 14 Selfishness and Altruism
• 15 Fairness and Psychological Games
• 16 Trust and Reciprocity
• Glossary
• Index

Book Details

• Paperback: 505 pages
• Publisher: Wiley; 1 edition (November 25, 2013)
• Language: English
• ISBN-10: 0470596228
• ISBN-13: 978-0470596227
• Product Dimensions: 9.2 x 7.5 x 0.8 inches
• List price: $115.95

Tietenberg: Environmental & Natural Resources Economics 9th Edition

Environmental and Natural Resource Economics is the best-selling text for this course, offering a policy-oriented approach and introducing economic theory in the context of debates and empirical work from the field. Students leave the course with a global perspective of both environmental and natural resource economics.

Key Features

• International coverage is woven throughout, with significant attention given to environmental problems and policies in Eastern and Western Europe, China, and developing nations.
• Debate boxes spark discussion about real issues in the field today, including the debates over wind power and ecotourism.
• Example boxes provide crucial real-world context for economic theory, touching on topics such as hazardous pollutant emissions from iron and steel foundries.
• Intertemporal optimization is handled within a discrete-time, mathematical programming framework, and all mathematics beyond simple algebra are relegated to appendixes. Graphs and numerical examples are used to provide an intuitive understanding of the principles suggested by the math and the reasons for their validity.
• Flexible organization allows instructors to fit individual course outlines.

New to This Edition

• More than 30 New or Expanded Topics.
• At least 12 New Examples or Debates.
• More Self-Test Exercises & Updates.

Contents

1. Visions of the Future
2. The Economic Approach: Property Rights, Externalities and Environmental Problems
3. Evaluating Trade-offs: Benefit-Cost Analysis and other Decision-Making Metrics
4. Valuing the Environment: Methods
5. Dynamic Efficiency and Sustainable Development
6. Depletable Resource Allocation: The Role of Longer Time Horizons, Substitutes and Extraction Cost
7. Energy: The Transition from Depletable to Renewable Resources
8. Recyclable Resources: Minerals, Paper, Bottles, and E-Waste
9. Replenishable but Depletable Resources: Water
10. A Locationally Fixed, Multipurpose Resource: Land
11. Reproducible Private-Property Resources: Agriculture and Food Security
12. Storable, Renewable Resources: Forests
13. Common-Pool Resources: Fisheries and Other Commercially Valuable Species
14. Economics of Pollution Control: An Overview
15. Stationary-Source Local and Regional Air Pollution
16. Climate Change
17. Mobile-Source Air Pollution
18. Water Pollution
19. Toxic Substances and Environmental Justice
20. The Quest for Sustainable Development
21. Population and Development
22. Visions of the Future Revisited

Book Details

• Hardcover: 696 pages
• Publisher: Prentice Hall; 9 edition (c2012)
• Language: English
• ISBN-10: 0131392573
• ISBN-13: 978-0131392571
• Product Dimensions: 1.6 x 7.4 x 9.1 inches
• List Price: $172.80

Schaffner: Development Economics: Theory, Empirical Research & Policy Analysis

Development Economics: Theory, Empirical Research, and Policy Analysis familiarizes students with development issues and equips them for productive participation in contemporary development efforts. The book lays out a coherent theoretical framework built on the foundations of microeconomic theory to guide students through the study of how people in developing countries make important economic decisions. It also engages students with cutting-edge empirical research, and teaches them a systematic approach to development policy analysis.

Contents

Part I: Introduction

• Chapter 1: What is Development Economics Good For?
• 1.1 Assessing Global Poverty and Prosperity
• 1.2 Defining the Development Objective
• 1.3 Understanding the Development Process
• 1.4 Analyzing Development Policy
• 1.5 This Text
• Questions for Review - Questions for Discussion - References

Part II: Development Objectives and the Big Picture

• Chapter 2: Well-being
• 2.1 Life among the Poor in Bangladesh
• 2.2 A Working Definition of Well-being
• 2.3 How Households in Developing Countries Pursue Well-being
• 2.4 Household-level Determinants of Well-being
• 2.5 Empirical Study of Well-being
• Chapter 3: Economic Growth
• 3.1 Meaning and Measurement of Economic Growth
• 3.2 Global Diversity in Growth Rates
• 3.3 The Proximate Sources of Economic Growth
• 3.4 The Determinants of Growth
• Chapter 4: Economic Growth Theory in Historical Perspective
• 4.1 An Introduction to Theoretical Growth Models
• 4.2 The 1940s and 1950s: Capital fundamentalism, Structuralism and Dualism
• 4.3 The 1960s and 1970s: Neoclassical Perspectives, Technology and Human Capital
• 4.4 The 1980s to the Present: Market Imperfections, Increasing Returns, and Poverty Traps
• Chapter 5: Poverty, Inequality and Vulnerability
• 5.1 Definitions and Measures
• 5.2 Links between Poverty, Inequality, Vulnerability and Economic Growth
• 5.3 Further Motivation for Micro-Level, Context-Specific Study

Part III: Analytical Framework: Decisions, Markets and Institutions

• Chapter 6: Consumption, Time Allocation and Production Choices
• 6.1 Choices, Development and Development Economics
• 6.2 Consumption Choices, with Application to Nutrition Policy
• 6.3 Labor Supply Choices, with Application to Child Labor
• 6.4 Basic Producer Theory, with Application to Green Revolution Labor Market Impacts
• Chapter 7: Households
• 7.1 Diversity in Development and Policy Analysis
• 7.2 Unitary Household Theories: From “Consumers,” “Labor Suppliers” and “Producers” to “Households”
• 7.3 Non-Unitary Household Theories: From Simple Utility Maximization to Cooperation and Conflict
• Chapter 8: Domestic Markets for Goods and Services
• 8.1 Markets in Developing Countries
• 8.2 Transfer Costs
• 8.3 A Model of Market Equilibrium in the Presence of Transfer Costs
• 8.4 The Economics of Market Development
• Appendix 8A: Comparative Advantage and the Gains from Market Exchange[j1]
• Chapter 9: Labor Markets
• 9.1 Labor Markets and Development
• 9.2 Multidimensional Work Arrangements and Worker Well-being
• 9.3 Mobility in Developing Country Labor Markets
• 9.4 Skill Acquisition in Developing Country Labor Markets
• Chapter 10: Investment and Financial Markets
• 10.1 Investment, Financial Markets and Development
• 10.2 Private Investment Decisions
• 10.3 Financial Markets, Financial Constraints and Development
• Chapter 11: International Markets and General Equilibrium
• 11.1 Globalization and Development
• 11.2 Partial Equilibrium Model of International Trade, with Application to Export Expansion
• 11.3 General Equilibrium Models of Trade, Production Structure and Income Distribution
• 11.4 Trade, Investment, Innovation and Economic Growth
• Chapter 12: Institutions and Cooperation
• 12.1 Institutions, Cooperation and Development
• 12.2 Cooperation and Institutions: Key Concepts from Game Theory and Behavioral Economics
• 12.3 Economic Analysis of Community-level Institutions
• Chapter 13: Policy, Governance and Political Economy
• 13.1 Policy, Governance, Politics and Development
• 13.2 Intervention Rationales and Policy Design
• 13.3 Good Governance of Policy Implementation
• 13.4 The Political Economy of Development

Part IV: Policy Analysis Approach and Applications

• Chapter 14: Policy Analysis
• 14.1 Policy Analysis Concepts and Objectives
• 14.2 Seven Questions to Guide Policy Analytic Research
• 14.3 Putting the Seven Questions to Work
• Chapter 15: Targeted Transfer Programs
• 15.1 Targeted Transfer Programs in Developing Countries
• 15.2 The Economics of Targeted Transfer Program Participation and Impacts
• 15.3 Evaluating Targeted Transfer Programs
• 15.4 Analyzing Transfer Program Design Questions
• Chapter 16: Workfare
• 16.1 Workfare in Developing Countries
• 16.2 The Economics of Workfare Program Participation
• 16.3 Workfare Program Evaluation and Design Questions
• Chapter 17: Agricultural Market Interventions and Reforms
• 17.1 Developing Country Government Intervention in Agricultural Markets
• 17.2 The Economics of Agricultural Market Intervention and Reform
• 17.3 Analyzing the Benefits and Costs of Agricultural Market Reforms
• Chapter 18: Infrastructure Policies and Programs
• 18.1 Infrastructure in Developing Countries
• 18.2 The Economics of Infrastructure Service Use and Supply
• 18.3 Evaluating Infrastructure Programs and Design Changes
• Chapter 19: Education
• 19.1 Education in Developing Countries
• 19.2 The Economics of Primary and Secondary Education in Developing Countries
• 19.3 Evaluating Education Policy Reforms
• Chapter 20: Agricultural Research and Extension
• 20.1 Technical Change in Developing Country Agriculture
• 20.2 The Economics of Technical Change in Agriculture
• 20.3 Agricultural Research and Extension Policy Design and Evaluation
• Chapter 21: Microfinance
• 21.1 Microfinance in developing countries
• 21.2 The Economics of Microcredit
• 21.3 Evaluation and Design of Microcredit Programs
• Chapter 22: Public Health, Health Care and Health Insurance
• 22.1 Health and Health Policy in Developing Countries
• 22.2 Economic Analysis of Programs Promoting Health Input Use
• 22.3 The Economics of Health Insurance Programs

Appendices 

• Appendix A: Interpreting and Evaluating Empirical Evidence
• A.1 Empirical Research Questions
• A.2 Measuring Variables
• A.3 Estimating Means, Proportions and Other Population Distribution Parameters
• A.4 Estimating Causal Effects
• Appendix B: Glossary

Book Details

• Paperback: 688 pages
• Publisher: Wiley; 1 edition (October 14, 2013)
• Language: English
• ISBN-10: 0470599391
• ISBN-13: 978-0470599396
• List price: $154.95

Tucker: Economics for Today 8th Edition

Help your students visualize economics in action with the most pedagogically-rich, complete text on the market: Irvin Tucker's ECONOMICS FOR TODAY, Eighth Edition. A quick look at this engaging, dynamic text will show you why this is the book that is famous for helping students at all levels of skill and preparation.

Written by an award-winning educator recognized for his work in relating basic economic principles to global issues, Irvin Tucker's ECONOMICS FOR TODAY continues its strong tradition of presentation using a unique textual and visual learning system. This edition concisely presents and reinforces core concepts, then immediately assesses student comprehension to ensure understanding. The latest information on federal deficits, the stimulus package, environmental issues, and other developments in economics today is presented in an engaging, easy-to-follow format that students can quickly grasp and apply to everyday life.

Key Features

• Chapter Previews pique student interest in specific chapter topics: Each chapter begins with an intriguing Preview that reinforces how the chapter topics work within the overall presentation of the book. Students become economics detectives as they work to solve several engaging economic puzzles within each Preview that require them to actively learn and practice concepts from the chapter.
• Margin definitions provide quick reference to key concepts: To ensure students have an immediate understanding of the most important economic concepts, key topics are highlighted with bold type, defined in the text, and defined again in the margins for easy review and reference.
• Conclusion Statements relate key concepts to other economic concepts: To ensure students truly understand and can apply the main concepts within each chapter, highlighted Conclusion Statements at the end of each chapter section place the material just learned into a larger context and relate it to other chapter concepts. A summary of these
• "Economics in Practice" emphasizes the relevance of concepts to everyday life: These intriguing boxed inserts introduce student to timely, real-world extensions of economic theory and provide the acid test of "relevance to everyday life." Students explore memorable examples, such as Fred Smith's economics term paper that led to the creation of FedEx. To ensure students clearly understand the economic theories in practice, all applicable concepts are listed. Engaging quotes from newspaper articles over the years demonstrate how economics concepts remain relevant over time.
• "International Economics" highlights the global reach of today's economics: This edition carefully integrates international topics throughout the text using a highly readable, accessible approach specifically designed for students with no previous exposure to international economics. A special global icon in the margin clearly identifies sections that present international economics. Intriguing "International Economics" boxes and the final three chapters of this edition focus entirely to the challenges of international economics.
• "Analyze the Issue" requires students to test their understanding of principles: These challenging features follow each "Economics in Practice" or "International Economics" insert and test the students' understanding of how content specifically relates to practical economic concepts. Specific, thought-provoking questions can prompt meaningful classroom discussions or be assigned for homework. You will find answers in your Instructor's Manual.
• Unique, fun "Checkpoints" generate student interest and prompt critical thinking: Who says learning economics cannot be fun? The unique, engaging "Checkpoints" throughout this edition spark students' interest while checking their progress using challenging economics puzzles in a game-like style. Your students will enjoy analyzing and answering the intriguing questions, and checking answers at the end of the chapter. Students gain personal satisfaction as they realize they have truly mastered a concept.
• Point-by-point visual summaries highlight key concepts: Each chapter ends with a brief point-by-point summary of key concepts, including miniaturized versions of important graphs and causation chains that illustrate concepts.
• These useful, quick-reference visual reminders summarize concepts as students finish chapters and offer ideal tools for efficient review and study for quizzes and exams.
• Variety of study questions and problems offer range of difficulty for practice and review: Proven end-of-chapter questions and problems range from straightforward recall of concepts to deeper, thought-provoking applications. Answers to odd-numbered questions and problems appear in the back of the text to give students immediate feedback.
• Practice quizzes and website provide opportunities for student review: Your students can easily prepare for success on quizzes and tests with multiple-choice sections at the end of each chapter that offer questions similar to those in the Test Bank. Students can check answers at the back of the text. The text's Companion Website (http://www.cengage.com/economics/tucker) also provides student tutorials with visual explanations of each correct answer and corresponding page reference from the text. Students even see graphs shift as arrows point to key changes in prices, output and other variables.

New to This Edition

• NEWLY UPDATED Chapter 9 focuses on power of monopolies: Concepts of monopoly become clear as this edition's Chapter 9 illustrates the concepts of network good, linking economies of scale and monopoly power to student-relevant examples: Facebook and Match.com.
• NEW "Global Economics" feature explores environmental challenges: Your students examine the challenges of resolving green issues as a new "Global Economics" feature in Ch. 14, "Why is the Climate Change Problem So Hard to Solve?" delves into this topic of growing, critical importance.
• NEWLY UPDATED Appendix fully explains opposing self-correction model: You have the flexibility of exploring certain concepts in more depth. The new Chapter 20 Appendix fully develops and explains the opposing self-correction model based on downward flexibility of prices and wages and a downward-shifting short-run aggregate supply curve.
• NEW clear explanation of stimulus package and spending multiplier process: New content on Fiscal Policy (Ch. 21) uses real-world numbers to clarify and fully explain the stimulus package and spending multiplier process.
• The latest information on federal debt ensures students understand recent, contemporary developments: Up-to-the-minute, updated data and exhibits throughout this edition's chapter titled Federal Deficits, Surpluses, and the National Debt (Ch. 23) gives students a better understanding of these critical issues and their impact in economics today.
• NEWLY UPDATED PowerPoint® slides engage students and bring concepts to life: New author-developed, classroom-tested PowerPoint® lecture slides capture students' attention while providing further clarification of the key economic concepts throughout this edition.
• InfoTrac® Student Collections are specialized databases expertly drawn from the Gale Academic One library. Each InfoTrac® Student Collection enhances the student learning experience in the specific course area related to the product. These specialized databases allow access to hundreds of scholarly and popular publications - all reliable sources - including journals, encyclopedias, and academic reports.

Contents

PART I: INTRODUCTION TO ECONOMICS.

• 1. Introducing the Economic Way of Thinking.
• Appendix: Applying Graphs to Economics.
• 2. Production Possibilities, Opportunity Cost, and Economic Growth.

PART II: MICROECONOMIC FUNDAMENTALS.

• 3. Market Demand and Supply.
• Appendix: Consumer Surplus, Producer Surplus, and Market Efficiency.
• 4. Markets in Action.
• Appendix: Applying Supply and Demand Analysis to Health Care.
• 5. Price Elasticity of Demand and Supply.
• 6. Consumer Choice Theory.
• Appendix: Indifference Curve Analysis.
• 7. Production Costs.

PART III. MARKET STRUCTURES.

• 8. Perfect Competition.
• 9. Monopoly.
• 10. Monopolistic Competition and Oligopoly.
• 11. Labor Markets.

PART IV: MICROECONOMIC POLICY ISSUES.

• 12. Income Distribution, Poverty, and Discrimination.
• 13. Antitrust and Regulation.
• 14. Environmental Economics.

PART V: MACROECONOMIC FUNDAMENTALS.

• 15. Gross Domestic Product.
• Appendix: A Four-Sector Circular Flow Model.
• 16. Business Cycles and Unemployment.
• 17. Inflation.

PART VI: MACROECONOMIC THEORY AND POLICY.

• 18. The Keynesian Model.
• 19. The Keynesian Model in Action.
• 20. Aggregate Demand and Supply.
• Appendix: The Self-Correcting Aggregate Demand and Supply Model.
• 21. Fiscal Policy.
• 22. The Public Sector.
• 23. Federal Deficits, Surpluses, and the National Debt.

PART VII: MONEY, BANKING, AND MONETARY POLICY.

• 24. Money and the Federal Reserve System.
• 25. Money Creation.
• 26. Monetary Policy.
• Appendix: Policy Disputes Using the Self-Correcting Aggregate Demand and Supply Model.
• 27. The Phillips Curve and Expectations Theory.

PART VIII: THE INTERNATIONAL ECONOMY.

• 28. International Trade and Finance.
• 29. Economies in Transition.
• 30. Growth and the Less-Developed Countries.

Appendices 

• Appendix A Answers to Odd-Numbered Study Questions and Problems.
• Appendix B Answers to Practice Quizzes.
• Appendix C Answers to Road Map Questions.

About the Authors

• Dr. Irvin B. Tucker brings more than thirty years of experience teaching introductory economics at the University of North Carolina at Charlotte to this text. Dr. Tucker earned his B.S. in economics at N.C. State University and his M.A. and Ph.D. in economics from the University of South Carolina. Dr. Tucker was a longtime member of the National Council on Economic Education and former Director of the Center for Economic Education at the University of North Carolina at Charlotte. Recognized for his ability to relate basic economic principles to global issues and public policy, Dr. Tucker's work has received national recognition throughout his career. He is the recipient of the Meritorious Leavy Award for Excellence in Private Enterprise Education, the Federation of Independent Business Award for Postsecondary Educator of the Year in Entrepreneurship and Economic Education, and the Freedom Foundation's George Washington Medal for Excellence in Economic Education. In addition, he has published numerous professional journal articles on topics including industrial organization, entrepreneurship, and sports economics. Dr. Tucker is also the author of the highly successful SURVEY OF ECONOMICS, a text for the one-term survey of economics course, published by Cengage Learning.

Book Details

• Hardcover: 944 pages
• Publisher: Cengage Learning; 8 edition (2013)
• Language: English
• ISBN-10: 1133190103
• ISBN-13: 978-1133190103
• Product Dimensions: 1.4 x 8.3 x 10.2 inches
• List Price: $329.95

Boyes: Fundamentals of Economics 6th Edition

Based on the comprehensive two-semester text by the same authors, this version of Economics "boils down" the formal economic theories and concepts into their essential parts, emphasizing domestic and international applications and policy issues. FUNDAMENTALS OF ECONOMICS is a concise but thorough survey of economics for instructors desiring a brief, practical text. Each chapter focuses on core economic concepts and provides a link between theory and real-world relevance, making the content more meaningful for students. The text provides a convenient, integrated learning experience by including a Study Guide after each chapter, which allows students to review key concepts and practice new skills before they go on to read the next chapter. Fundamental Questions at the beginning of each chapter preview key points, reappear next to the relevant in-text discussion, and form the basis of chapter-ending Summary sections. Economic Insight and Global Business Insight boxes focus on the policies of today's leaders and the business decisions of real companies and governments around the world, adding real-world relevance to the material. Available with InfoTrac® Student Collections.

Key Features

• REAL-WORLD EXAMPLES: Examples in each chapter focus on the business decisions of actual, headline-making companies and discuss the economic policies of today's world leaders. These examples are selected to demonstrate the relevance of the material to students' lives.
• STUDENT-FRIENDLY PEDAGOGY: The supportive pedagogical framework that guides students through each chapter includes Fundamental Questions, which open and organize the chapter by focusing on three to six key issues, and which then reappear both at point of relevance in the margins and in the end-of-chapter Summary sections; Now You Try It checkpoint questions that quiz students on important concepts, with answers provided at the back of the book; Recaps at the end of each major section to break material into manageable segments; and end-of-chapter exercises that serve as self-checks for students and as homework assignment options for instructors.
• ABUNDANCE OF REVIEW MATERIALS: A built-in study guide follows each chapter and provides a more intensive review opportunity for students, with answers provided in an appendix. Most chapters contain four pages of study material consisting of key term match-ups, multiple-choice quizzes, and practice questions and problems. A final section of application problems gives students an opportunity to analyze and synthesize what they have learned.

New to This Edition

• UPDATED CONTENT: The Sixth Edition has been thoroughly updated to reflect the current issues and events in economics in the US and the world. The new edition has also been updated to reflect issues in the European Nation and will help students acquire some familiarity of other economies and global capital flow.
• InfoTrac® Student Collections are specialized databases expertly drawn from the Gale Academic One library. Each InfoTrac® Student Collection enhances the student learning experience in the specific course area related to the product. These specialized databases allow access to hundreds of scholarly and popular publications - all reliable sources - including journals, encyclopedias, and academic reports.

Contents

Part I: Markets.

• 1. Economics and the World Around You.
• 2. Markets and the Market Process.
• 3. The Free Market versus Government Interference.

Part II: Consumers, Firms, and Social Issues.

• 4. The Firm and the Consumer.
• 5. Costs and Profit Maximization.
• 6. Competition.
• 7. Business, Society, and the Government.
• 8. Government Intervention versus Free Markets.

Part III: The National and Global Economies.

• 9. An Overview of the National and International Economies.
• 10. Macroeconomic Measures.
• 11. Unemployment, Inflation, and Business Cycles.
• 12. Macroeconomic Equilibrium: Aggregate Demand and Supply.
• 13. Fiscal Policy.
• 14. Money and Banking.

Part IV: Macroeconomic Policy.

• 15. Monetary Policy.
• 16. Macroeconomic Policy, Business Cycles, and Growth.
• 17. Issues in International Trade and Finance.
• 18. Globalization.

About the Authors

• Dr. William Boyes is professor of economics at Arizona State University. He received his Ph.D. in economics from the Claremont Graduate School in 1974. Before joining the Arizona State faculty, he was the Distinguished Visiting Professor of Business at Weber State University; visiting professor at Tsinghua University, Beijing, China and the University of London, London, England, and lectured at ITAM in Mexico City; and was the dean of the College of Business at Cal Poly, San Luis Obispo. Dr. Boyes has also served as chairman of the Economics Department at ASU and has been an economist with Security Pacific National Bank (now Bank of America). He has been a consultant to the White House, the Commerce Department, the Federal Trade Commission, and several private firms. He is the director of the office of economic education at ASU and a member of the Pacific Research Institute's Academic Advisory Board. Dr. Boyes has received many teaching awards, including the Golden Key National Honor Society Outstanding Professor Award at ASU in 1988, the Outstanding Teacher in the MBA Program Award at ASU in 1994, the Outstanding Teacher in the College of Business Award at ASU in 1995, Huizingh Outstanding Honors Professor in 2007, and Outstanding MBA Professor in 2008.
• Michael Melvin is currently Head of Currency Research at Barclays Global Investors. He also retains affiliations at the Arizona State University Department of Economics and the Haas School of Business at the University of California, Berkeley. Dr. Melvin received his Ph.D. in economics from UCLA in 1980. He has served as a visiting scholar at the Federal Reserve Board and the International Monetary Fund, was a Fulbright Professor at the University of Frankfurt, and has been a visiting professor at UCLA, Northwestern University, U.C. San Diego, and the University of Hawaii. His field of specialization is International Finance, and he is the coeditor of the Journal of International Money and Finance.

Book Details

• Paperback: 464 pages
• Publisher: Cengage Learning; 6 edition (2013)
• Language: English
• ISBN-10: 1133956106
• ISBN-13: 978-1133956105
• Product Dimensions: 1.1 x 8.3 x 10.8 inches
• List Price: $222.95

Gwartney: Economics: Private & Public Choice 14th Edition

Economics: Private & Public Choice 14th Edition reflects current economic conditions, enabling you to apply economic concepts to the real world. The up-to-date text includes analysis and explanation of measures of economic activity in today's market. It also includes highlights of the recession of 2008-2009, and an in-depth look at the lives and contributions of notable economists. This edition dispels common economic myths. The text uses the "invisible hand" metaphor to explain economic theory, demonstrating how it works to stimulate the economy. The 14th edition includes a robust set of online multimedia learning tools with video clips and free quizzes designed to support classroom work. A completely updated Aplia interactive learning system is also available--with practice problems, interactive tutorials, online experiences and more.

Key Features

• Application boxes to help students draw parallels between economics and pertinent topics such as supply, demand, financial bailouts, capital markets, and poverty.
• Coverage of the recent stock market fallout, as well as its implications for investment decisions in today's world.
• In-depth analysis of the government response to the financial crisis--discussing both the political economy and federal budget implications.
• Section on the economic way of thinking about government, as well as updated information and data on the Great Recession and lessons learned from the Great Depression.
• Measures economic activity, assembling important indicators like the unemployment rate and digging into its meaning and relevance.
• Applies economic theory to current real-world issues and controversies, allowing students to apply what they learn directly to pertinent topics in the world around them.
• Dispels common myths of economic reasoning and examines how these myths can impede a nation's economic progress.
• Offers historical vignettes on the lives of notable economists, providing an opportunity to weave economic history into the classroom.

New to This Edition

• NEW! Text is streamlined to make it more accessible to students and instructors.
• NEW! Addenda to some chapters are moved to the text website: (chapter 6) Who Produces, Who Pays, and Why it Matters and (chapter 20) Consumer Choice and Indifference Curves.
• NEW! Material on Economics as a Career (chapter 1) is moved to the text website.
• NEW! Material on The Keynesian Aggregate Expenditure Model (chapter 11) is moved to the text website.
• NEW! Chapter 5 has a new section on Market Failure and Government Failure.
• NEW! New material on Cash for Clunkers (chapter 6) shows the short-sightedness of political action.
• NEW! Chapter 12 integrates the idea that constant policy changes generate uncertainty and undermine growth.
• NEW! A brief discussion of the Austrian view of the business cycle.
• NEW! Special Topic on Lessons from Japan and Canada.
• NEW! Special Topic "Will Americans Be Better Off in the Future?"

Contents

PART I: THE ECONOMIC WAY OF THINKING.

• 1. The Economic Approach.
• 2. Some Tools of the Economist.

Part II: MARKETS AND GOVERNMENT.

• 3. Supply, Demand, and the Market Process.
• 4. Supply and Demand: Applications and Extensions.
• 5. Difficult Cases for the Market, and the Role of Government.
• 6. The Economics of Collective Decision Making.

Part III: CORE MACROECONOMICS.

• 7. Taking the Nation's Economic Pulse.
• 8. Economic Fluctuations, Unemployment, and Inflation.
• 9. An Introduction to Basic Macroeconomic Markets.
• 10. Dynamic Change, Economic Fluctuations, and the AD–AS Model.
• 11. Fiscal Policy: The Keynesian View and Historical Perspective.
• 12. Fiscal Policy: Incentives, and Secondary Effects.
• 13. Money and the Banking System.
• 14. Modern Macroeconomics and Monetary Policy.
• 15. Stabilization Policy, Output, and Employment.
• 16. Creating an Environment for Growth and Prosperity.
• 17. Institutions, Policies, and Cross-Country Differences in Income and Growth.

Part IV: INTERNATIONAL ECONOMICS.

• 18. Gaining from International Trade.
• 19. International Finance and the Foreign Exchange Market.

Part V: CORE MICROECONOMICS.

• 20. Consumer Choice and Elasticity.
• 21. Costs and the Supply of Goods.
• 22. Price Takers and the Competitive Process.
• 23. Price-Searcher Markets with Low Entry Barriers.
• 24. Price-Searcher Markets with High Entry Barriers.
• 25. The Supply of and Demand for Productive Resources.
• 26. Earnings, Productivity, and the Job Market.
• 27. Investment, the Capital Market, and the Wealth of Nations.
• 28. Income Inequality and Poverty.

Part VI: APPLYING THE BASICS: SPECIAL TOPICS IN ECONOMICS.

• Special Topic 1 Government Spending and Taxation.
• Special Topic 2 The Internet: How Is It Changing the Economy?
• Special Topic 3 The Economics of Social Security.
• Special Topic 4 The Stock Market: Its Function, Performance, and Potential as an Investment Opportunity.
• Special Topic 5 The Crisis of 2008: Causes and Lessons for the Future.
• Special Topic 6 Lessons from the Great Depression.
• Special Topic 7 Lessons from the Japanese Experience.
• Special Topic 8 The Federal Budget and the National Debt.
• Special Topic 9 The Economics of Health Care.
• Special Topic 10 School Choice: Can It Improve the Quality of Education in America?
• Special Topic 11 Earnings Differences between Men and Women.
• Special Topic 12 Do Labor Unions Increase the Wages of Workers?
• Special Topic 13 Are We Running Out of Resources?
• Special Topic 14 Difficult Environmental Cases and the Role of Government.
• Appendix A General Business and Economics Indicators for the United States.
• Appendix B Answers to Selected Critical Analysis Questions.

About the Author

• James D. Gwartney holds the Gus A. Stavros Eminent Scholar Chair at Florida State University, where he directs the Stavros Center for the Advancement of Free Enterprise and Economic Education. His writings have been widely published in both professional journals and popular media. He is the co-author of Common Sense Economics: What Everyone Should Know about Wealth and Prosperity (St. Martin's Press, 2005), a primer on economics and personal finance. Gwartney's current research focuses on the measurement and determination of factors that influence cross-country differences in income levels and growth rates.
• Richard L. Stroup is Professor of Economics Emeritus at Montana State University, as well as a Senior Fellow at the Property and Environment Research Center (PERC) and a Visiting Professor in Economics at North Carolina State University. For the three years before his retirement from Montana State University, he served as head of the Department of Agricultural Economics & Economics. Professor Stroup, who has a Ph.D. in economics from the University of Washington, was one of the originators of the New Resource Economics, the academic approach popularly known as free market environmentalism. He also served as director of the Office of Policy Analysis in the U.S. Department of the Interior and has been published widely in professional journals and popular publications.
• Russell S. Sobel is Professor of Economics and holder of the James Clark Coffman Distinguished Chair in Entrepreneurial Studies at West Virginia University. He received his Ph.D. in economics from Florida State University in 1994. He has published over 150 books and articles, and has received national recognition for his works on Entrepreneurship and FEMA reform. Sobel was the founding Director of the West Virginia University Entrepreneurship Center, and he serves on the advisory boards of four major professional and academic organizations. He has received numerous awards for both his teaching and research. He regularly teaches courses in both principles of economics and public economics, and gives lectures at economic education outreach programs.
• David A. Macpherson is the E.M. Stevens Distinguished Professor of Economics at Trinity University. Previously, he was Director of the Pepper Institute on Aging and Public Policy and the Rod and Hope Brim Eminent Scholar of Economics at Florida State University, where he has received two university-wide awards for teaching excellence. Professor Macpherson is the author of many articles in leading labor economics and industrial relations journals, including the Journal of Labor Economics, Journal of Human Resources, and Industrial and Labor Relations Review.

Book Details

• Hardcover: 816 pages
• Publisher: Cengage Learning; 14 edition (©2013)
• Language: English
• ISBN-10: 1111970211
• ISBN-13: 978-1111970215
• Product Dimensions: 8.5 x 1.3 x 10.9 inches
• List price: $329.95