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In recent years, innovative texts in mathematics, science, foreign languages, and other fields have achieved dramatic pedagogical gains by abandoning the traditional encyclopedic approach in favor of teaching a shorter list of core principles in depth. Two well-respected writers and researchers, Bob Frank and Ben Bernanke, have shown that the less-is-more approach affords similar gains in introductory economics. The authors introduce a coherent short list of core principles and reinforce them by illustrating and applying each in numerous contexts. Students are periodically asked to apply these principles and to answer related questions and exercises. The BRIEF editions were developed for instructors who appreciate core principles approach, and desire a more manageable amount of content and slightly less rigor. In the brief editions, the authors made careful choices of material to eliminate and condense, in order to produce of more concise coverage.
Table of Contents
Part I Introduction
Chapter 1 Thinking Like an Economist
Chapter 2 Comparative Advantage
Chapter 3 Supply and Demand
Part II Macroeconomics: Data and Issues
Chapter 4 Spending, Income and GDP
Chapter 5 Inflation and the Price Level
Chapter 6 Wages and Unemployment
Part III The Economy in the Long Run
Chapter 7 Economic Growth
Chapter 8 Saving, Capital Formation, and Financial Markets
Chapter 9 Money, Prices, and the Financial System
Part IV The Economy in the Short Run
Chapter 10 Short-Term Economic Fluctuations
Chapter 11 Spending, Output, and Fiscal Policy
Chapter 12 Monetary Policy and The Federal Reserve
Chapter 13 Aggregate Demand, Aggregate Supply, and Stabilization Policy
Part V The International Economy
Chapter 14 Exchange Rates, International Trade, and Capital Flows