Essentials of Economics (5th Edition)
Author(s):
Worth
Categories:
AVAILABLE FORMATS
Paperback - 9781319221317
19 December 2019
£66.99
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Ebook - 9781319352486
20 June 2020
£53.99
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Instant Digital Access Code - 9781319301064
30 October 2020
£60.99
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Book + Access Card - 9781319366384
12 March 2020
£74.99
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The greatest explainers of economics tackle the one-semester course.
Nobel prize winning economist Paul Krugman and his co-author Robin Wells will help students to truly understand how Micro- and Macroeconomic concepts play out in our world. Thoroughly updated throughout, the fifth edition offers updated graphs and changes in every chapter in the text, 9 new chapter-opening stories, 12 new Business cases, and 20 new Economics in Action applications.
- Compelling chapter-opening stories (often revisited throughout the chapter) to engage students
- Economics in Action applications in virtually every major section, so students can immediately see economic concepts applied in real contexts
- Global Comparison features that use data and graphs to illustrate why countries reach different economic outcomes
- Pitfalls boxes teach students to identify and avoid common misconceptions about economic concepts
- Business Cases for each section, spanning a wide range of companies, both American and global, showing students how key economic principles apply to real-life business situations
- End-of-chapter Solved Problems guide students through solving specific problems tied to real-world events
- Work it Out skill-building interactive activities in SaplingPlus help students understand concepts and practice for exams by guiding them through representative problems step-by-step
- New Discovering Data activities help students interpret, analyze, share, and report on data. Students develop data literacy by completing these new Interactive Activities, step-by-step problems that have students use up-to-the-minute FRED data
- Current events framed by the world's best communicators of economics. The authors offer a new online feature, News Analysis, that pairs journalistic takes on pressing issues with questions based on Bloom's taxonomy. This complements the text's unparalleled coverage of current topics: sustainability, the economic impact of technology, pressing policy debates, and much more
- With unparalleled insight and clarity, the authors use their hallmark narrative approach to take students outside of the classroom and into our global world. Starting with a new opening story on the economic transformation in China's Pearl River Delta, the global focus is carried throughout with more on the ascendance of China's economy, the Euro and events in Europe (including Brexit), and post-recession economies around the globe
1 First Principles
2 Economic Models: Trade-offs and Trade
Appendix: Graphs in Economics
Part 2 Supply and Demand
3 Supply and Demand
4 Price Controls and Quotas: Meddling with Markets
Part 3 The Production Decision
6 Behind the Supply Curve: Inputs and Costs
7 Perfect Competition and the Supply Curve
Part 4 Beyond Perfect Competition
8 Monopoly
9 Oligopoly and Monopolistic Competition
Part 5 Microeconomics and Public Policy
10 Externalities and Public Goods
11 Poverty, Inequality, and the Welfare State
Part 6 Introduction to Macroeconomics
12 Macroeconomics: The Big Picture
13 GDP and the CPI: Tracking the Macroeconomy
14 Unemployment and Inflation
Part 7 Economic Growth and Fluctuations
15 Long-Run Economic Growth
16 Aggregate Demand and Aggregate Supply
Part 8 Stabilization Policy
17 Fiscal Policy
18 Money, Banking, and the Federal Reserve System
19 Monetary Policy
Part 9 The International Economy
20 International Trade, Capital Flows, and Exchange Rates
Solutions to Check Your Understanding Questions
Glossary
Index.