This is a product designed for students who are taking 2 semester introductory course to economics, split into micro and macroeconomics, who need to understand the principles of economic theory and how it relates to the real world.
It provides both a textbook full of exercises and examples scaffolded on underlying theory plus MyLab Economics to consolidate technical understanding.
Using this product, students can comprehend key theoretical principles of micro and macroeconomics, and feel confident in how it relates to the real world. Samples Download the detailed table of contents
Preview a sample chapter from Microeconomics: Australia in the Global Environment
FeaturesEach chapter concentrates on a manageable number of main ideas (most commonly three or four) and reinforces each idea several times throughout the chapter. This patient, confidence-building approach guides students through unfamiliar terrain and helps them to focus their efforts on the most important tools and concepts of our discipline. - Each chapter opens with the chapter's Learning Objectives - a list of (usually) three or four tasks the student will be able to perform after completing the chapter. Each item in the Learning Objective corresponds to a major section of the chapter that engages the student with a conversational writing style, well chosen examples and rich, carefully designed illustrations.
- A full-page Review containing Practice Problems and an In the News exercise, each with solutions, immediately follows each chapter section. The Reviews serve as stopping points and encourage students to review the concept and to practise using it before moving on to new ideas. Graphs and tables bring added clarity to the Review problems and solutions.
- A Chapter Summary summarises what the student has just learned with a set of key points and a list of key terms.
- Following the Chapter Summary, the Chapter Review includes a set of Study Plan Problems and Applications, a set of Additional Problems and Applications, and a Multiple Choice Quiz.
A new chapter in learning Pearson eText is an affordable, easy-to-use digital textbook. With Pearson eText, you can access the book anytime, anywhere, using your favourite mobile device, even when offline.
You can easily retrieve and review important content using the eText search, bookmarks, highlights, and notes. Some titles also include embedded media and study tools. And you get all of this for a fraction of the cost of a printed text.
Learn on the go. Read, practice, and study on any device. Read anytime and anywhere via the Pearson+ app - even offline.
Make it your own. Add notes and highlights directly in your eText to study how you'd like.
Find what you need. Quickly navigate the content with easy search and bookmark options.
Table of Contents:
- PART 1 INTRODUCTION
- 1 Getting Started
- 2 The Australian 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 and Fairness of Markets
- PART 3 HOW GOVERNMENTS INFLUENCE THE ECONOMY
- 7 Government Actions in Markets
- 8 Taxes
- 9 Global Markets in Action
- PART 4 MARKET FAILURE AND PUBLIC POLICY
- 10 Externalities
- 11 Public Goods and Common Resources
- PART 5 A CLOSER LOOK AT DECISION MAKERS
- 12 Consumer Choice and Demand
- 13 Production and Cost
- PART 6 PRICES, PROFITS AND INDUSTRY PERFORMANCE
- 14 Perfect Competition
- 15 Monopoly
- 16 Monopolistic Competition
- 17 Oligopoly
- PART 7 INCOMES AND INEQUALITY
- 18 Markets for Factors of Production
- 19 Economic Inequality
Download the detailed table of contents
About the Author :
David M. Levine is Professor Emeritus of Statistics and Computer Information Systems at Baruch College (City University of New York). He received BBA and MBA degrees in statistics from City College of New York and a PhD from New York University in industrial engineering and operations research. He is nationally recognised as a leading innovator in statistics education and is the co-author of over 15 books. He has published articles in various journals, including Psychometrika, The American Statistician, Communications in Statistics, Decision Sciences Journal of Innovative Education, Multivariate Behavioral Research, Journal of Systems Management, Quality Progress and The American Anthropologist.
Advances in computing have always shaped David Stephan's professional life. As an undergraduate, he helped professors use statistics software that was considered advanced even though it could compute only several things discussed in Chapter 3, thereby gaining an early appreciation for the benefits of using software to solve problems (and perhaps positively influencing his grades). A nearly advocate of using computers to support instruction, he developed a prototype of a mainframe-based system that anticipated features found today in Pearson's MathXL and served as special assistant for computing to the Dean and Provost at Baruch College. In his many years teaching at Baruch, Stephan implemented the first computer-based classroom, helped redevelop the CIS curriculum, and, as part of a FIPSE project team, designed and implemented a multimedia learning environment. He was also nominated for teaching honors. Stephan has presented at SEDSI and DSI DASI mini-conferences, sometimes with his coauthors. Stephan earned a B.A. from Franklin & Marshall College and an M.S. from Baruch College, CUNY, and completed the instructional technology graduate program at Teachers College, Columbia University.
As Associate Professor of Business Systems and Analytics at La Salle University, Kathryn Szabat has transformed several business school majors into one interdisciplinary major that better supports careers in new and emerging disciplines of data analysis including analytics. Szabat strives to inspire, stimulate, challenge, and motivate students through innovation and curricular enhancements and shares her coauthors' commitment to teaching excellence and the continual improvement of statistics presentations. Beyond the classroom she has provided statistical advice to numerous business, nonbusiness, and academic communities, with particular interest in the areas of education, medicine, and non-profit capacity building. Her research activities have led to journal publications, chapters in scholarly books, and conference presentations. Szabat is a member of the American Statistical Association (ASA), DSI, Institute for Operation Research and Management Sciences (INFORMS), and DSI DASI. She received a B.S. from SUNY-Albany, an M.S. in statistics from the Wharton School of the University of Pennsylvania, and a Ph.D. in statistics, with a cognate in operations research, from the Wharton School of the University of Pennsylvania.
