About the Book
Ever wonder why you have the number of friends that you do? ...If a tax on soda would really reduce obesity? ...What is going on with the financial problems in Greece? ...or whether a tax rebate is better than a tax bonus? ECONOMICS, 11e, International Edition answers these questions and many more. Using intriguing pop culture examples, the eleventh edition is revised to include the most comprehensive coverage of the financial and economic crisis available in a principles of economics text. Self-tests help determine how well you're grasping the concepts, and CourseMate for Economics offers a graphing tutorial, quizzes, videos and more. It's all carefully designed to help you get the best grade possible! Building on the Video Office Hours lectures developed by the author for the tenth edition, the eleventh edition features two entirely new video types--See It Solved and GraphIt! See It Solved videos walk you through a worked problem, similar to those found at the end of each chapter, providing an ideal study tool for reference as you do homework. GraphIt! videos demonstrate key concepts in graphing in short (averaging three to five minutes) video pieces that can be played and replayed to see how the graphs are built.
Table of Contents:
AN INTRODUCTION TO ECONOMICS Part I: ECONOMICS: THE SCIENCE OF SCARCITY 1. What Economics Is About. Appendix A Working with Diagrams. Appendix B Should You Major in Economics? 2. Production Possibilities Frontier Framework. 3. Supply and Demand: Theory. 4. Prices: Free, Controlled, and Relative. 5. Supply, Demand, and Price: Applications. MACROECONOMICS Part II: MACROECONOMIC FUNDAMENTALS 6. Macroeconomic Measurements, Part I: Prices and Unemployment. 7. Macroeconomic Measurements, Part II: GDP and Real GDP. Part III: MACROECONOMIC STABILITY, INSTABILITY, AND FISCAL POLICY 8. Aggregate Demand and Aggregate Supply. 9. Classical Macroeconomics and the Self-Regulating Economy. 10. Keynesian Macroeconomics and Economic Instability: A Critique of the Self-Regulating Economy. 11. Fiscal Policy and the Federal Budget. Part IV: MONEY, THE ECONOMY, AND MONETARY POLICY 12. Money, Banking, and the Financial System. 13. The Federal Reserve System. Appendix C The Market for Reserves (or the Federal Funds Market) 14. Money and the Economy. 15. Monetary Policy. Appendix D Bond Prices and the Interest Rate Part V: EXPECTATIONS AND GROWTH 16. Expectations Theory and the Economy. 17. Economic Growth: Resources, Technology, Ideas, and Institutions. Part VI: THE FINANCIAL CRISIS OF 2007-2009 18. The Financial Crisis of 2007-2009. Part VII: GOVERNMENT AND THE ECONOMY 19. Debates in Macroeconomics Over the Role and Effects of Government. MICROECONOMICS. Part VIII: MICROECONOMIC FUNDAMENTALS 20. Elasticity. 21. Consumer Choice: Maximizing Utility and Behavioral Economics. Appendix E Budget Constraint and Indifference Curve Analysis. 22. Production and Costs. Part IX: PRODUCT MARKETS AND POLICIES 23. Perfect Competition. 24. Monopoly. 25. Monopolistic Competition, Oligopoly, and Game Theory. 26. Government and Product Markets: Antitrust and Regulation. Part X: FACTOR MARKETS AND RELATED ISSUES 27. Factor Markets: With Emphasis on the Labor Market. 28. Wages, Union, and Labor. 29. The Distribution of Income and Poverty. 30. Interest, Rent, and Profit. Part XI: MARKET FAILURE, PUBLIC CHOICE, AND SPECIAL-INTEREST-GROUP POLITICS 31. Market Failure: Externalities, Public Goods, and Asymmetric Information. 32. Public Choice and Special-Interest-Group Politics. Part XII: ECONOMICS THEORY-BUILDING AND EVERYDAY LIFE 33. Building Theories to Explain Everyday Life: From Observations to Questions to Theories to Predictions. THE GLOBAL ECONOMY Part XIII: INTERNATIONAL ECONOMICS AND GLOBALIZATION 34. International Trade. 35. International Finance. 36. Globalization and International Impacts on the Economy. WEB CHAPTERS 37. The Economic Case For and Against Government: Five Topics Considered. 38. Financial Matters: Stocks, Bonds, Futures and Options. 39. Agriculture: Problems, Policies, and Unintended Effects.
About the Author :
Dr. Roger A. Arnold is Professor of Economics at California State University San Marcos, where his fields of specialization include general microeconomic theory and monetary theory. A widely respected authority on economic issues, Dr. Arnold is a regularly featured expert on talk radio discussing the state of the economy. He is also a proven author, who has written numerous academic articles, hundreds of newspaper columns, as well as the popular ECONOMICS: NEW WAYS OF THINKING and principles of macroeconomics supplementary text, HOW TO THINK LIKE AN ECONOMIST. Dr. Arnold has been a member of the economics faculty at California State University Northridge, University of Oklahoma, Hillsdale College, University of Nevada Las Vegas, and California State University San Marcos. He served as chair of the economics department for two years at University of Nevada Las Vegas and for seven years at California State University San Marcos. He is currently chair of the economics department at California State University San Marcos. During his tenure at UNLV he was regularly one of the top five finalists for the teacher of the year honor (in the College of Business and Economics), and in 1987 he received the best researcher of the year award. Dr. Arnold earned a B.S. in Economics in 1974 from the University of Birmingham in England and received his M.A. in 1976 and his Ph.D. in 1979 from Virginia Polytechnic Institute and State University.
Review :
AN INTRODUCTION TO ECONOMICS Part I: ECONOMICS: THE SCIENCE OF SCARCITY 1. What Economics Is About. Appendix A Working with Diagrams. Appendix B Should You Major in Economics? 2. Production Possibilities Frontier Framework. 3. Supply and Demand: Theory. 4. Prices: Free, Controlled, and Relative. 5. Supply, Demand, and Price: Applications. MACROECONOMICS Part II: MACROECONOMIC FUNDAMENTALS 6. Macroeconomic Measurements, Part I: Prices and Unemployment. 7. Macroeconomic Measurements, Part II: GDP and Real GDP. Part III: MACROECONOMIC STABILITY, INSTABILITY, AND FISCAL POLICY 8. Aggregate Demand and Aggregate Supply. 9. Classical Macroeconomics and the Self-Regulating Economy. 10. Keynesian Macroeconomics and Economic Instability: A Critique of the Self-Regulating Economy. 11. Fiscal Policy and the Federal Budget. Part IV: MONEY, THE ECONOMY, AND MONETARY POLICY 12. Money, Banking, and the Financial System. 13. The Federal Reserve System. Appendix C The Market for Reserves (or the Federal Funds Market) 14. Money and the Economy. 15. Monetary Policy. Appendix D Bond Prices and the Interest Rate Part V: EXPECTATIONS AND GROWTH 16. Expectations Theory and the Economy. 17. Economic Growth: Resources, Technology, Ideas, and Institutions. Part VI: THE FINANCIAL CRISIS OF 2007-2009 18. The Financial Crisis of 2007-2009. Part VII: GOVERNMENT AND THE ECONOMY 19. Debates in Macroeconomics Over the Role and Effects of Government. MICROECONOMICS. Part VIII: MICROECONOMIC FUNDAMENTALS 20. Elasticity. 21. Consumer Choice: Maximizing Utility and Behavioral Economics. Appendix E Budget Constraint and Indifference Curve Analysis. 22. Production and Costs. Part IX: PRODUCT MARKETS AND POLICIES 23. Perfect Competition. 24. Monopoly. 25. Monopolistic Competition, Oligopoly, and Game Theory. 26. Government and Product Markets: Antitrust and Regulation. Part X: FACTOR MARKETS AND RELATED ISSUES 27. Factor Markets: With Emphasis on the Labor Market. 28. Wages, Union, and Labor. 29. The Distribution of Income and Poverty. 30. Interest, Rent, and Profit. Part XI: MARKET FAILURE, PUBLIC CHOICE, AND SPECIAL-INTEREST-GROUP POLITICS 31. Market Failure: Externalities, Public Goods, and Asymmetric Information. 32. Public Choice and Special-Interest-Group Politics. Part XII: ECONOMICS THEORY-BUILDING AND EVERYDAY LIFE 33. Building Theories to Explain Everyday Life: From Observations to Questions to Theories to Predictions. THE GLOBAL ECONOMY Part XIII: INTERNATIONAL ECONOMICS AND GLOBALIZATION 34. International Trade. 35. International Finance. 36. Globalization and International Impacts on the Economy. WEB CHAPTERS 37. The Economic Case For and Against Government: Five Topics Considered. 38. Financial Matters: Stocks, Bonds, Futures and Options. 39. Agriculture: Problems, Policies, and Unintended Effects.
