Last edition Elsevier Guide students through the economic principles that will influence their financial decisions. Foundations of Economics, 8th Edition introduces students to the economic principles they can use to navigate the financial decisions of their futures. Each chapter concentrates on a manageable number of ideas, usually 3 to 4, with each reinforced several times throughout the text. This patient approach helps guide students through unfamiliar terrain and focus them on the most important concepts. The text does four core things to help students grasp and apply economic principles: it motivates with compelling issues and questions, focuses on core ideas, offers concise points, and encourages learning with activities and practice questions. After completing this text, students will have the foundational knowledge of how the economy works and can apply it to their lives going forward.
Last Edition
ISBN 13: 9781292217888
Imprint: Pearson
Language: English
Authors: Robin Bade
Pub Date: 07/2018
Pages: 1000
Illus: Illustrated
Weight: 1,950.000 grams
Size: h 218 X 276 mm
Product Type: Softcover
| List Price |
| grn 2258 |
| $ 76,54 |
| to order |
- • NEW! The text reflects the dramatic economic history of today, including persistent slow economic growth, an increasing concentration of wealth, headwinds from the UK’s stagnant economy, the UK’s decision to leave the European Union, China’s slowing expansion, and enhanced concern about climate change. In the US specifically, the text covers the increasing loss of jobs to offshore companies, the political popularity of trade protection, financial demands from an aging population, a dysfunctional congress with rising government debt and a slow, decade-long recovery from the financial crisis.
- • UPDATED! Each chapter contains small changes to enhance clarity and currency, and every example reflects the most recent current events.
- • NEW! Economics as a Life Skill section explains how economics can be used as a life tool, the scientific method the subject employs, and economics as an aid to critical thinking (Chapter 1).
- • NEW! Eye on Your Life looks at the BLS data on student time allocation.
- • NEW! Coverage on how the outward bowed production possibilities frontier arises from exploiting comparative advantage (Chapter 3).
- • NEW! Section on production quotas, which explains why producers like them and illustrates how a quota expands producer surplus (Chapter 7).
- Robin Bade was an undergraduate at the University of Queensland, Australia, where she earned degrees in mathematics and economics. After a spell teaching high school math and physics, she enrolled in the PhD program at the Australian National University, from which she graduated from in 1970. She has held faculty appointments at the University of Edinburgh in Scotland, at Bond University in Australia, and at the Universities of Manitoba, Toronto, and Western Ontario in Canada. Her research on international capital flows appears in the International Economic Review and the Economic Record. Robin first taught the principles of economics course in 1970 and has taught it (alongside intermediate macroeconomics and international trade and finance) most years since then. She developed many of the ideas found in this text while conducting tutorials with her students at the University of Western Ontario.
- Part 1: Introduction
- 1. Getting Started 2. The U.S. and Global Economies 3. The Economic Problem 4. Demand and Supply
- Part 2: A Closer Look at Markets
- 5. Elasticities of Demand and Supply 6. Efficiency of Fairness and Markets
- Part 3: How Governments Influence the Economy
- 7. Government Actions in Markets 8. Taxes 9. Global Markets in Action
- Part 4: Market Failures and Public Policy
- 10. Externalities 11. Public Goods and Common Resources 12. Private Information and Healthcare Markets
- Part 5: A Closer Look At Decision Makers
- 13. Consumer Choice and Demand 14. Production and Cost
- Part 6: Prices, Profits, and Industry Performance
- 15. Perfect Competition 16. Monopoly 17. Monopolistic Competition 18. Oligopoly
- Part 7: Incomes and Inequality
- 19. Markets for Factors of Production 20. Economic Inequality
- Part 8: Monitoring the Macroeconomy
- 21. GDP: A Measure Of Total Production and Income 22. Jobs and Unemployment 23. The CPI and the Cost of Living
- Part 9: The Real Economy
- 24. Potential GDP and the Natural Unemployment Rate 25. Economic Growth 26. Finance, Saving, and Investment
- Part 10: The Money Economy
- 27: The Monetary System 28: Money, Interest, and Inflation
- Part 11: Economic Fluctuations
- 29. Aggregate Supply and Aggregate Demand 30. Aggregate Expenditure Multiplier 31. The Short-Run Policy Tradeoff
- Part 12: Macroeconomic Policy
- 32. Fiscal Policy 33. Monetary Policy 34. International Finance
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