Published by Pearson (November 25, 2022) © 2023
Robin Bade | Michael ParkinFoundations of Economics introduces you to economic principles you can use to navigate the financial decisions of your future. Each chapter concentrates on a manageable number of ideas, usually 3 to 4, with each reinforced several times throughout the text. This patient approach helps guide you through unfamiliar terrain and focuses you on the most important concepts and key skills, like reading and interpreting graphs.
The 9th Edition motivates with compelling issues and encourages learning with practice questions, to help you grasp and apply economic principles to the real world.
This print textbook is available for students to rent for their classes. The Pearson print rental program provides students with affordable access to learning materials, so they come to class ready to succeed.
PART 1: INTRODUCTION
- Getting Started
- The US and Global Economies
- The Economic Problem
- Demand and Supply
PART 2: A CLOSER LOOK AT MARKETS
- Elasticities of Demand and Supply
- Efficiency of Fairness and Markets
PART 3: HOW GOVERNMENTS INFLUENCE THE ECONOMY
- Government Actions in Markets
- Taxes
- Global Markets in Action
PART 4: MARKET FAILURES AND PUBLIC POLICY
- Externalities
- Public Goods and Common Resources
- Private Information and Healthcare Markets
PART 5: A CLOSER LOOK AT DECISION MAKERS
- Consumer Choice and Demand
- Production and Cost
PART 6: PRICES, PROFITS, AND INDUSTRY PERFORMANCE
- Perfect Competition
- Monopoly
- Monopolistic Competition
- Oligopoly
PART 7: INCOMES AND INEQUALITY
- Markets for Factors of Production
- Economic Inequality
PART 8: MONITORING THE MACROECONOMY
- GDP: A Measure Of Total Production and Income
- Jobs and Unemployment
- The CPI and the Cost of Living
PART 9: THE REAL ECONOMY
- Potential GDP and the Natural Unemployment Rate
- Economic Growth
- Finance, Saving, and Investment
PART 10: THE MONEY ECONOMY
- The Monetary System
- Money, Interest, and Inflation
PART 11: ECONOMIC FLUCTUATIONS
- Aggregate Supply and Aggregate Demand
- Aggregate Expenditure Multiplier
- The Short-Run Policy Tradeoff
PART 12: MACROECONOMIC POLICY
- Fiscal Policy
- Monetary Policy
- International Finance