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Mandel's Economics: The Basicscombines the traditional news values of immediacy and impact with a layer of educational explanation to provide a window into what's happening in the current economy. Michael Mandel, the former Chief Economist for BusinessWeek magazine, now Chief Economist at Visible Economy LLC, writes in a journalistic style, drawing upon news articles and experience throughout the text to present economic concepts in a way that is understandable, relevant, and exciting for a broad audience. The 2nd edition's core approach focuses on developing a student's economic literacy without overwhelming and providing a window into what's happening in the economy right now including globalization and the aftermath of the financial crisis. Mandel's current examples, journalistic writing style, and accessible presentation of math and graphs will help instructors overcome the common challenges of this course, and make the material more approachable and attractive to a wide range of students.
Table of Contents
Chapter 1 Introduction
Appendix: The Basics of Graphs
Chapter 2 Demand and Supply: The Basics of the Market Economy
Chapter 3 Market Equilibrium and Shifts
Chapter 4 How Businesses Work
Chapter 5 Competition and Market Power
Chapter 6 Government and the Economy
Appendix: Delving Deeper into Microeconomics
Chapter 7 The First Step into Macroeconomics
Chapter 8 Inflation
Chapter 9 Growth
Chapter 10 Business Cycles, Unemployment and Inflation
Chapter 11 Fiscal Policy
Chapter 12 Monetary Policy
Appendix: Delving Deeper into Macroeconomics
Chapter 13 The Financial Markets
Chapter 14 International Trade
Chapter 15 Technological Change
Chapter 16 Economics of the Labor Market
Chapter 17 The Distribution of Income
Chapter 18 Economics of Retirement and Healthcare
Chapter 19 Economics of Energy, the Environment, and Global Climate Change