Questions that drive interest, applications that illustrate concepts, and the tools to test and solidify comprehension.
Students come into their first Economics course thinking they will gain a better understanding of the economy around them. Unfortunately, they often leave with many unanswered questions. To ensure students actively internalize economics, O'Sullivan/Sheffrin/Perez use chapter-opening questions to spark interest on important economic concepts, applications that vividly illustrate those concepts, and chapter-ending tools that test and solidify understanding.
Table of Contents
PART 1 Introduction and Key Principles
1 Introduction: What Is Economics?
2 The Key Principles of Economics
3 Exchange and Markets
4 Demand, Supply, and Market Equilibrium
PART 2 The Basic Concepts in Macroeconomics
5 Measuring a Nation’s Production and Income
6 Unemployment and Inflation
PART 3 The Economy in the Long Run
7 The Economy at Full Employment
8 Why Do Economies Grow?
PART 4 Economic Fluctuations and Fiscal Policy
9 Aggregate Demand and Aggregate Supply
10 Fiscal Policy
11 The Income-Expenditure Model
12 Investment and Financial Markets
PART 5 Money, Banking, and Monetary Policy
13 Money and the Banking System
14 The Federal Reserve and Monetary Policy
PART 6 Inflation, Unemployment, and Economic Policy
15 Modern Macroeconomics: From the Short Run to the Long Run
16 The Dynamics of Inflation and Unemployment
17 Macroeconomic Policy Debates
PART 7 The International Economy
18 International Trade and Public Policy
19 The World of International Finance
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We recommend Macroeconomics: Principles, Applications and Tools, Student Value Edition, 8th Edition as a replacement.