This package includes a physical copy of Principles of Economics, Global Edition, Global Edition, by Case as well as access to the eText and MyEconLab. This Global Edition has been edited to include enhancements making it more relevant to students outside the United States Reviewers tell us that Case/Fair/Oster is one of the all-time bestselling POE texts because they trust it to be clear, thorough and complete. Case/Fair/Oster readers also come away with a basic understanding of how market economies function, an appreciation for the things they do well, and a sense of things they do poorly. Readers begin to learn the art and science of economic thinking and begin to look at some policy and even personal decisions in a different way. MyLab and Mastering from Pearson improve results for students and educators. Used by over ten million students, they effectively engage learners at every stage. MyEconLab is a personalised online study and assessment system, which tailors to the unique learning needs of each student.
Offering unlimited opportunities for practice and providing relevant and timely feedback, it helps students master key concepts, experience more "I Get It" moments and ultimately achieve better results. "Its really simple and effective. I would recommend it to any University to use it for all sorts of courses (especially the courses that involve mathematics)." Student at Radboud Universiteit Nijmegen, Netherlands "It is like having a teacher by your side, you learn it a lot quicker, than usual homework!" Student at Copenhagen Business School, Denmark For students *Personalised study plan: A study plan is generated from each students results on sample tests and instructor assignments. Students can clearly see which topics they have mastered and, more importantly, which they need to work on.* Tests and other assignments: MyEconLab(R) comes with two pre-loaded sample tests for each chapter so your students can self-assess their understanding of the material. *eText: access to guided solutions, animated graphs, audio narratives, flashcards, current news articles tied to chapter content and graphing tools.
For Educators * Ready-to-use assignments: Use pre-loaded sample tests, or create your own assignments using a mix of MyEconLab(R) problems, the books Test Bank, and questions written using the Econ Exercise Builder. * Automatic Grading: MyEconLab(R) grades every homework and quiz question-even those with graphing. Students get unlimited graphing practice and immediate feedback with links to specific learning tools for each question. * Blackboard Integration: Blackboard users can integrate their Blackboard course with MyEconLab. This integration allows for instructor and student single sign-on, inclusion of direct links to the MyEconLab course from within Blackboard content pages, and easy grade transfer.
PART I Introduction to Economics 1 1 The Scope and Method of Economics 1 2 The Economic Problem: Scarcity and Choice 25 3 Demand, Supply, and Market Equilibrium 47 4 Demand and Supply Applications 79 5 Elasticity 97 PART II The Market System: Choices Made by Households and Firms 100 6 Household Behavior and Consumer Choice 121 7 The Production Process: The Behavior of Profit-Maximizing Firms 147 8 Short-Run Costs and Output Decisions 167 9 Long-Run Costs and Output Decisions 189 10 Input Demand: The Labor and Land Markets 215 11 Input Demand: The Capital Market and the Investment Decision 233 12 General Equilibrium and the Efficiency of Perfect Competition 253 PART III Market Imperfections and the Role of Government 269 13 Monopoly and Antitrust Policy 269 14 Oligopoly 293 15 Monopolistic Competition 313 16 Externalities, Public Goods, and Social Choice 329 17 Uncertainty and Asymmetric Information 353 18 Income Distribution and Poverty 367 19 Public Finance: The Economics of Taxation 389 PART IV Concepts and Problems in Macroeconomics 409 20 Introduction to Macroeconomics 409 21 Measuring National Output and National Income 420 22 Unemployment, Inflation, and Long-Run Growth 441 PART V The Core of Macroeconomic Theory 457 23 Aggregate Expenditure and Equilibrium Output 459 24 The Government and Fiscal Policy 477 25 The Money Supply and the Federal Reserve System 501 26 Money Demand and the Equilibrium Interest Rate 525 27 The Determination of Aggregate Output, the Price Level, and the Interest Rate 541 28 Policy Effects and Costs Shocks in the AS/AD Model 559 29 The Labor Market In the Macroeconomy 571 PART VI Further Macroeconomics Issues 593 30 Financial Crises, Stabilization, and Deficits 593 31 Household and Firm Behavior in the Macroeconomy: A Further Look 611 32 Long-Run Growth 635 33 Alternative Views in Macroeconomics 649 PART VII The World Economy 663 34 International Trade, Comparative Advantage, and Protectionism 663 35 Open-Economy Macroeconomics: The Balance of Payments and Exchange Rates 685 36 Economic Growth in Developing and Transitional Economies 713 Glossary Index Photo Credits