Browse All Chapters of This Textbook
Chapter 1 - What Is Economics?Chapter 1.1 - Definition Of EconomicsChapter 1.2 - Two Big Economic QuestionChapter 1.3 - The Economic Way Of ThinkingChapter 1.4 - Economics As Social Science And Policy ToolChapter 1.5 - Economists In The EconomyChapter 1.A - Graphing DataChapter 2 - The Economic ProblemChapter 2.1 - Production Possibilities And Opportunity CostChapter 2.2 - Using Resources Efficiently
Chapter 2.3 - Gains From TradeChapter 2.4 - Economic GrowthChapter 2.5 - Economic CoordinationChapter 3 - Demand And SupplyChapter 3.1 - Markets And PricesChapter 3.2 - DemandChapter 3.3 - SupplyChapter 3.4 - Market EquilibriumChapter 3.5 - Predicting Changes In Price And QuantityChapter 4 - ElasticityChapter 4.1 - Price Elasticity Of DemandChapter 4.2 - More Elasticities Of DemandChapter 4.3 - Elasticity Of SupplyChapter 5 - Efficiency And EquityChapter 5.1 - Resource Allocation MethodsChapter 5.2 - Benefit , Cost, And CurplusChapter 5.3 - Is The Competitive Market Efficient?Chapter 5.4 - Is The Competitive Market Fair?Chapter 6 - Government Actions In MarketsChapter 6.1 - A Housing Market With A Rent CeilingChapter 6.2 - A Labor Market With A Minimum WageChapter 6.3 - TaxesChapter 6.4 - Production Quotas And SubsidiesChapter 6.5 - Markets For Illegal GoodsChapter 7 - Global Market In ActionChapter 7.1 - How Global Markets WorkChapter 7.2 - Winners, Losers, And The Net Gain From TradeChapter 7.3 - International Trade RestrictionsChapter 7.4 - The Case Against ProtectionChapter 8 - Utility And DemandChapter 8.1 - Consumption ChoicesChapter 8.2 - Utility-maximizing ChoiceChapter 8.3 - Predictions Of Marginal Utility TheoryChapter 8.4 - New Ways Of Explaining Consumer ChoicesChapter 9 - Possibilities, Preferences And ChoicesChapter 9.1 - Consumption PossibilitiesChapter 9.2 - Preferences And Indifference CurvesChapter 9.3 - Predicting Consumer ChoicesChapter 10 - Organizing ProductionChapter 10.1 - The Firm And Its Economic ProblemChapter 10.2 - Technological And Economic EfficiencyChapter 10.3 - Information And OrganizationChapter 10.4 - Markets And The Competitive EnvironmentChapter 10.5 - Produce Or Outsource? Firms And MarketsChapter 11 - Output And CostsChapter 11.1 - Decision Time FramesChapter 11.2 - Short-run Technology ConstraintChapter 11.3 - Short-run CostChapter 11.4 - Long-run CostChapter 12 - Perfect CompetitionChapter 12.1 - What Is Perfect Competition?Chapter 12.2 - The Firm's Output DecisionChapter 12.3 - Output, Price, And Profit In The Short RunChapter 12.4 - Output, Price, And Profit In The Long RunChapter 12.5 - Changes In Demand And Supply As Technology AdvancesChapter 12.6 - Competition And EfficiencyChapter 13 - MonopolyChapter 13.1 - Monopoly And How It ArisesChapter 13.2 - A Single-price Monopoly's Output And Price DecisionChapter 13.3 - A Single-price Monopoly And Competition ComparedChapter 13.4 - Price DiscriminationChapter 13.5 - Monopoly RegulationChapter 14 - Monopolistic CompetitionChapter 14.1 - What Is Monopolistic CompetitionChapter 14.2 - Price And Output In Monopoly CompetitionChapter 14.3 - Product Development And MarketingChapter 15 - OligopolyChapter 15.1 - What Is OligopolyChapter 15.2 - Oligopoly GamesChapter 15.3 - Repeated Games And Sequential GamesChapter 15.4 - Antitrust LawChapter 16 - Public Choices, Public Goods And HealthcareChapter 16.1 - Public ChoicesChapter 16.2 - Providing Public GoodsChapter 16.3 - The Economics Of HealthcareChapter 17 - ExternalitiesChapter 17.1 - Externalities In Our LivesChapter 17.2 - Negative Externality: PollutionChapter 17.3 - Negative Externality: The Tragedy Of CommonsChapter 17.4 - Positive Externality: KnowledgeChapter 18 - Market For Factors Of ProductionChapter 18.1 - The Anatomy Of Factor MarketsChapter 18.2 - The Demand For A Factor Of ProductionChapter 18.3 - Labor MarketsChapter 18.4 - Capital And Natural Resource MarketChapter 19 - Economic InequalityChapter 19.1 - Economic Inequality In The United StatesChapter 19.2 - Inequality In The World EconomyChapter 19.3 - The Sources Of Economic InequalityChapter 19.4 - Income RedistributionChapter 20 - Uncertainty And InformationChapter 20.1 - Decisions In The Face Of UncertaintyChapter 20.2 - Buying And Selling RiskChapter 20.3 - Private InformationChapter 20.4 - Uncertainty, Information And The Invisible HandChapter 21 - Monitoring The Value Of Production: GdpChapter 21.1 - Gross Domestic ProductChapter 21.2 - Measuring U.s. GdpChapter 21.3 - The Uses And Limitations Of Real GdpChapter 22 - Monitoring Jobs And InflationChapter 22.1 - Employment And UnemploymentChapter 22.2 - Unemployment And FullemploymentChapter 22.3 - The Price Level, Inflation And DeflationChapter 23 - Economic GrowthChapter 23.1 - The Basics Of Economic GrowthChapter 23.2 - Long-term Growth TrendsChapter 23.3 - How Potential Gdp GrowsChapter 23.4 - Why Labor Productivity GrowsChapter 23.5 - Is Economic Growth Sustainable? Theories, Evidence And PoliciesChapter 24 - Finance, Saving And InvestmentChapter 24.1 - Financial Markets And Financial InstitutionsChapter 24.2 - Financial Decisions And RisksChapter 24.3 - The Loanable Funds MarketChapter 24.4 - Government In The Loanable Fund MarketChapter 25 - Money, The Price Level And InflationChapter 25.1 - What Is Money?Chapter 25.2 - Depository InstitutionsChapter 25.3 - The Federal Reserve SystemChapter 25.4 - How Banks Create MoneyChapter 25.5 - The Money MarketChapter 25.6 - The Quantity Theory Of MoneyChapter 26 - The Exchange Rate And The Balance Of PaymentsChapter 26.1 - The Foreign Exchange MarketChapter 26.2 - Arbitrage, Speculation And Market FundamentalsChapter 26.3 - Exchange Rate PolicyChapter 26.4 - Financing International TradeChapter 27 - Aggregate Supply And Aggregate DemandChapter 27.1 - Aggregate SupplyChapter 27.2 - Aggregate DemandChapter 27.3 - Explaining Macroeconomic Trends And FluctuationsChapter 27.4 - Macroeconomic Schools Of ThoughtChapter 28 - Expenditure MultipliersChapter 28.1 - Fixed Prices And Expenditure PlansChapter 28.2 - Real Gdp With A Fixed Price LevelChapter 28.3 - The MultiplierChapter 28.4 - The Multiplier And The Price LevelChapter 29 - The Business Cycle, Inflation, And DeflationChapter 29.1 - The Business CycleChapter 29.2 - Inflation CyclesChapter 29.3 - DeflationChapter 29.4 - The Phillips CurveChapter 30 - Fiscal PolicyChapter 30.1 - The Federal BudgetChapter 30.2 - Supply-side Effects Of Fiscal PolicyChapter 30.3 - Generational Effects Of Fiscal PolicyChapter 30.4 - Fiscal StimulusChapter 31 - Monetary PolicyChapter 31.1 - Monetary Policy Objectives And FrameworkChapter 31.2 - The Conduct Of Monetary PolicyChapter 31.3 - Monetary Policy TransmissionChapter 31.4 - Financial Crisis: Cure And Prevention
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For two-semester principles of economics courses. An intuitive and grounded approach to economics Get students to think like economists using the latest policy and data while incorporating global issues. Economics, 13th Edition builds on the foundation o
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Apple’s decision about the iTunes increases the customer’s incentive to buy an iPad because the free...Figure 1 illustrates the PPF of Company B. In Figure 1, the x-axis shows food crops and the y-axis...Given information: It is given that the money price of a carton of milk is $2.01 and a gallon of...Chapter 4, Problem 1SPAThere are different methods for the allocation of scarce resources. In this case, these three...The equilibrium is attained at the point where demand equals the supply. By the figure, the...The international trade helps the nation to clear off the excess products produced by the country or...It is given that the total income of J is $12. The price of Yogurt is $2 and the price of Berries is...The given income of S is $12, the price of popcorn is $3 per bag, and the price of a smoothie is $3....
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