Economics

For two-semester principles of economics courses.

An intuitive and grounded approach to economics 

Get students to think like economists using the latest policy and data while incorporating global issues. Economics, 13th Edition builds on the foundation of the previous edition and retains a thorough and careful presentation of the principles of economics. The text emphasizes real-world applications, the development of critical-thinking skills, diagrams renowned for their pedagogy and clarity, and path-breaking technology. Hallmark features in the chapter openings and endings encourage students to think critically about a news article relating to the issue, demonstrating how thinking like an economist can bring a clearer perspective to and deeper understanding of today’s events.

Also available with MyLab Economics

By combining trusted author content with digital tools and a flexible platform, MyLab personalizes the learning experience and improves results for each student.

Note: You are purchasing a standalone product; MyLab Economics does not come packaged with this content. Students, if interested in purchasing this title with MyLab, ask your instructor to confirm the correct package ISBN and Course ID. Instructors, contact your Pearson representative for more information.

If you would like to purchase both the physical text and MyLab Economics, search for:

0134890264 / 9780134890265 Economics Plus MyLab Economics with Pearson eText -- Access Card Package, 13/e 

Package consists of:

• 0134735692 / 9780134735696 Economics
  
• 0134747119 / 9780134747118 MyLab Economics with Pearson eText -- Standalone Access Card -- for Economics
  

1. What is Economics?
2. The Economic Problem

1. Demand and Supply
2. Elasticity
3. Efficiency And Equity
4. Government Actions in Markets
5. Global markets in Action

1. Utility and Demand
2. Possibilities, Preferences, and Choices

1. Organizing Production
2. Output and Costs
3. Perfect Competition
4. Monopoly
5. Monopolistic Competition
6. Oligopoly

1. Public Choices, Public Goods, and Healthcare
2. Externalities

1. Markets for Factors of Production
2. Economic Inequality
3. Uncertainty and Information

1. Monitoring the Value of Production: GDP
2. Monitoring Jobs and Inflation

1. Economic Growth
2. Finance, Saving, and Investment
3. Money, the Price Level, and Inflation
4. The Exchange Rate and the Balance of Payments

1. Aggregate Supply and Aggregate Demand
2. Expenditure Multipliers
3. The Business Cycle, Inflation, and Deflation

1. Fiscal Policy
2. Monetary Policy

Michael Parkin is Professor Emeritus in the Department of Economics at the University of Western Ontario, Canada. Professor Parkin has held faculty appointments at Brown University, the University of Manchester, the University of Essex, and Bond University. He is a past president of the Canadian Economics Association and has served on the editorial boards of the American Economic Review and the Journal of Monetary Economics and as managing editor of the Canadian Journal of Economics.

Professor Parkin's research on macroeconomics, monetary economics, and international economics has resulted in over 160 publications in journals and edited volumes, including the American Economic Review, the Journal of Political Economy, the Review of Economic Studies, the Journal of Monetary Economics, and the Journal of Money, Credit and Banking. He became most visible to the public with his work on inflation that discredited the use of wage and price controls. Professor Parkin also spearheaded the movement toward European monetary union. Professor Parkin is an experienced and dedicated teacher of introductory economics.