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  • Edition: 1st
  • Format: Hardcover
  • Copyright: 9/6/2013
  • Publisher: McGraw-Hill Education

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Built from the ground up to focus on what matters to students in today's high-tech, globalized world, Dean Karlan and Jonathan Morduch's Economics represents a new generation of products, optimized for digital delivery and available with the best-in-class adaptive study resources in McGraw-Hill's LearnSmart Advantage Suite. Engagement with real-world problems is built into the very fabric of the learning materials as students are encouraged to think about economics in efficient, innovative, and meaningful ways.

Drawing on the authors' experiences as academic economists, teachers, and policy advisors, a familiar curriculum is combined with material from new research and applied areas such as finance, behavioral economics, and the political economy, to share with students how what they're learning really matters. This modern approach is organized around learning objectives and matched with sound assessment tools aimed at enhancing students' analytical and critical thinking competencies. Students and faculty will find content that breaks down barriers between what goes on in the classroom and what is going on in our nation and broader world.

By teaching the right questions to ask, Karlan and Morduch provide readers with a method for working through decisions they'll face in life and ultimately show that economics is the common thread that enables us to understand, analyze, and solve problems in our local communities and around the world.

Connect is the only integrated learning system that empowers students by continuously adapting to deliver precisely what they need, when they need it, and how they need it, so that your class time is more engaging and effective.

Table of Contents

Thinking Like an Economist

    Part 1: The Power of Economics

    Chapter 1 Economics and Life

    Chapter 2 Specialization and Exchange

    Appendix A Math Essentials: Understanding Graphs and Slope

    Part 2: Supply and Demand

    Chapter 3 Markets

    Appendix B Math Essentials: Working with Linear Equations

    Chapter 4 Elasticity

    Appendix C Math Essentials: Calculating Percentage Change, Slope, and Elasticity

    Chapter 5 Efficiency

    Appendix D Math Essentials: The Area Under a Linear Curve

    Chapter 6 Government Intervention

Microeconomics: Thinking Like a Microeconomist

    Part 3: Individual Decisions

    Chapter 7 Consumer Behavior

    Appendix E Using Indifference Curves

    Chapter 8 Behavioral Economics: A Closer Look at Decision Making

    Chapter 9 Game Theory and Strategic Thinking

    Chapter 10 Information

    Chapter 11 Time and Uncertainty

    Appendix F Math Essentials: Compounding

    Part 4: Firm Decisions

    Chapter 12 The Costs of Production

    Chapter 13 Perfect Competition

    Chapter 14 Monopoly

    Chapter 15 Monopolistic Competition and Oligopoly

    Chapter 16 The Factors of Production

    Chapter 17 International Trade

    Part 5: Public Economics

    Chapter 18 Externalities

    Chapter 19 Public Goods and Common Resources

    Chapter 20 Taxation and the Public Budget

    Chapter 21 Poverty, Inequality, and Discrimination

    Chapter 22 Political Choices

    Chapter 23 Public Policy and Choice Architecture

Macroeconomics: Thinking Like a Macroeconomist

    Part 6: The Data of Macroeconomics

    Chapter 24 Measuring the Wealth of Nations

    Chapter 25 The Cost of Living

    Part 7: Economic Growth and Unemployment

    Chapter 26 Economic Growth

    Chapter 27 Unemployment and the Demand for Labor

    Part 8: The Economy in the Short Run

    Chapter 28 Aggregate Demand and Aggregate Supply

    Chapter 29 Fiscal Policy and Public Finance

    Part 9: The Financial System and Institutions

    Chapter 30 The Basics of Finance

    Appendix G Personal Finance (online)

    Chapter 31 Money and the Monetary System

    Chapter 32 Inflation

    Chapter 33 Financial Crisis

    Part 10: International Policy Issues

    Chapter 34 Open-Market Macroeconomics

    Chapter 35 Development Economics

Data Guide for Economists (online)

Rewards Program

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