Loading...

Economics,
13th Edition

Roger A. Arnold

ISBN-13: 9781337617383 | ISBN-10: 1337617385

Copyright 2019

| Published 2018

| 1008 pages

List Price USD $249.95

Overview

Ever wonder why colleges use GPAs, ACTs, and SATs for admission, how supply and demand play out on a freeway, what price has to do with being late to class, or how you pay for good weather? ECONOMICS, 13E answers these questions and more as you open the world of economic analysis. Detailed coverage explains how economists build theories to explain everyday life. Memorable examples from pop culture illustrate unexpected places economics occur and show you how economic forces link to everyday events. Short video lectures clarify key economic concepts, while longer Video Office Hours answer questions. In addition, "What’s Wrong With this Diagram?", "Working with Diagrams," and "Progression Graphs" videos help you work with diagrams. Digital resources Aplia and MindTap with new Adaptive Test Prep also help you to assess your personal economic understanding.

Read More

Meet the Authors

Show More Show Less

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 published numerous academic articles, hundreds of newspaper columns, as well as the popular ECONOMICS: NEW WAYS OF THINKING and principles of economics supplemental text, HOW TO THINK LIKE AN ECONOMIST. Dr. Arnold earned a B.S. in Economics from the University of Birmingham in England and received his M.A. and his Ph.D. degrees from Virginia Tech.

  • NEW "HEAR WHAT AND HOW THE ECONOMIST THINKS" FEATURES GIVES STUDENTS INSIGHT INTO HOW ECONOMISTS THINK ABOUT VARIOUS TOPICS. Found in all chapters, this intriguing feature virtually places a "thought caption" above the economist’s head as he or she thinks "out loud" in response to what people say about a given economics topic, or what her or she reads in the newspaper or hears on a radio show.
  • "DOES IT MATTER TO YOU IF . . . ?" CONNECTS TEXT CONTENT TO REAL LIFE. Students see how the concepts they read in the book -- such as market structures, interest rates, aggregate demand and supply, monetary and fiscal policy, regulation and antitrust -- directly affect them. Students examine topics, such as "Does It Matter to You If You Are Efficient or Not?" or "Does It Matter if the Economy is at One Point on the PPF Instead of Another?" or "Does It Matter if Something You Buy Is Taxed or Subsidized?" They see how it certainly does matter.
  • "QUESTIONS TO ANSWER BEFORE GOING TO CLASS" PREPARE STUDENTS FOR EFFECTIVE PARTICIPATION IN CLASS. Students answer insightful questions after reading the chapter, but before attending class, which prepares them to contribute with meaningful classroom discussion.
  • “ECONOMICS 24/7” FEATURE ILLUSTRATES THE PRACTICAL RELEVANCE OF KEY CONCEPTS. This helpful feature explores numerous timely issues that can be explained through economic analysis. For example, students examine why there might be "shortages" on freeways, what price has to do with being late to class, what studying has to do with one’s production possibilities frontier, and what might have caused grade inflation. Readers learn to look for economic forces at work as they study the principles behind those forces.
  • LEADING Aplia DIGITAL MANAGEMENT SYSTEM ENCOURAGES INTERACTIVE LEARNING. Aplia offers comprehensive interactive economic problem sets, analyses, tutorials, experiments and critical-thinking exercises that require students to take an active role in the learning process. Based on discovery learning, the system helps students improve their economic understanding without creating extra work for you, the instructor. The system automatically grades and records homework and works with any learning management system.
  • "WHAT’S WRONG WITH THIS DIAGRAM?" AND RELATED FEATURES HELP STUDENTS MASTER DIAGRAMS FOR ECONOMICS. This feature, along with "Working With Diagrams" and "Progression Graphs," help students master the "ins and outs" of reading and understanding all of the diagrams found in today’s economics principles course.
  • VIRTUALLY ENDLESS CUSTOMIZATION CHOICES OFFER ULTIMATE TEACHING FLEXIBILITY. Chapters can be rearranged; online chapters can be customized in print; and you have the option to add any topic, including your own research and notes or specialized topics drawn from the Cengage Economics Issues database. Aplia's™ customization is fully integrated, giving your students hands-on application opportunities without adding to your workload.
  • ONLY BOOK THAT DEVOTES ENTIRE CHAPTER TO HOW ECONOMISTS BUILD THEORIES. Chapter 33 is a different kind of economics principles chapter. It explains how economists progress from making observations and developing questions to answer to building theories and making predictions based on those theories. This unique chapter discusses such topics as birthrates in different countries, ethical codes in small towns and big cities, crime, house prices and school districts, health care, and giving and receiving gifts.
  • QUESTIONS TO ANSWER BEFORE GOING TO CLASS HELPS STUDENTS PREPARE FOR A MEANINGFUL, INTERACTIVE CLASS PERIOD. This feature gives students an opportunity to answer 15–25 questions based on their chapter text reading. Students realize how prepared they are for the upcoming class lectures.
  • "DOES IT MATTER TO YOU IF...?" RELATES THE BOOK’S TOPICS TO EVERYDAY CONCERNS. This features demonstrates how the topics that students are reading about, including market structures, interest rates, aggregate demand and supply, monetary and fiscal policy, regulation and antitrust – directly affect them. For instance, students examine "Does It Matter to You …If You Are Efficient or Not?", or …"If the Economy is at One Point on the PPF Instead of Another?", or …"If Something You Buy Is Taxed or Subsidized?" and they see that it certainly does matter.
  • "HEAR HOW AND WHAT THE ECONOMIST THINKS" GIVES STUDENTS A GLIMPSE INTO THE THINKING OF ECONOMISTS AS THEY “THINK THROUGH” VARIOUS TOPICS. These features as similar to a "thought caption" above the economist’s head as he or she thinks through something someone has said about an economics topic, or considers a topic read in a newspaper or heard on a television newscast.

Table of Contents

Show More Show Less
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 Interest Rates.
Part V: EXPECTATIONS AND GROWTH.
16. Expectations Theory and the Economy.
17. Economic Growth: Resources, Technology, Ideas, and Institutions.
Part VI: GOVERNMENT AND THE ECONOMY.
18. Debates in Macroeconomics Over the Role and Effects of Government.
Microeconomics.
Part VII: MICROECONOMIC FUNDAMENTALS.
19. Elasticity.
20. Consumer Choice: Maximizing Utility and Behavioral Economics.
Appendix E: Budget Constraint and Indifference Curve Analysis.
21. Production and Costs.
Part VII: PRODUCT MARKETS AND POLICIES.
22. Perfect Competition.
23. Monopoly.
24. Monopolistic Competition, Oligopoly, and Game Theory.
25. Government and Product Markets: Antitrust and Regulation.
Part IX: FACTOR MARKETS AND RELATED ISSUES.
26. Factor Markets: With Emphasis on the Labor Market.
27. Wages, Unions, and Labor.
28. The Distribution of Income and Poverty.
29. Interest, Rent, and Profit.
Part X: MARKET FAILURE, PUBLIC CHOICE, AND SPECIAL-INTEREST-GROUP POLITICS.
30. Market Failure: Externalities, Public Goods, and Asymmetric Information.
31. Public Choice and Special-Interest-Group Politics.
Part XI: ECONOMICS THEORY-BUILDING AND EVERYDAY LIFE.
32. Building Theories to Explain Everyday Life: From Observations to Questions to Theories to Predictions.
The Global Economy.
Part XII: INTERNATIONAL ECONOMICS AND GLOBALIZATION.
33. International Trade.
34. International Finance.
Web Chapters.
35. The Economic Case For and Against Government: Five Topics Considered.
36. Stocks, Bonds, Futures, and Options.

Cengage provides a range of supplements that are updated in coordination with the main title selection. For more information about these supplements, contact your Learning Consultant.

Instructor's Companion Website for Arnold's Economics, 13th

ISBN13:9781337621786
ISBN10:1337621781
Everything you need for your course in one place! This collection of product-specific lecture and class tools is available online via the instructor resource center at www.cengage.com/login. You'll be able to access and download materials such as PowerPoint® presentations, images, instructor’s manual, videos, and more.

Digital Implementation Guide for Arnold's Economics, 13th

ISBN13:9781337707107
ISBN10:1337707104

Website Digital Implementation Guide for Arnold's Economics, 13th

ISBN13:9781337707114
ISBN10:1337707112

Cengage Testing, powered by Cognero® for Arnold's Economics

ISBN13:9780357134610
ISBN10:0357134613

Cengage Testing, powered by Cognero® for Arnold's Economics, Instant Access

ISBN13:9780357134603
ISBN10:0357134605

Instructor's Manual (Internal Only) for Arnold's Economics

ISBN13:9780357463994
ISBN10:0357463994

Compare Buying Options

Show More Show Less

Pricing Options

Economics

  • ISBN-10: 1337617385
  • ISBN-13: 9781337617383

Price USD$ 249.95

eBook: Economics 12Months

  • ISBN-10: 8000030853
  • ISBN-13: 9788000030852

Price USD$ 48.49

MindTap: Economics 12Months

  • ISBN-10: 1337674923
  • ISBN-13: 9781337674928

Price USD$ 145.00

Buy

*Purchase not available for this country