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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 Competition and the Invisible Hand
Chapter 4 Demand and Elasticity
Chapter 5 Perfectly Competitive Supply
Chapter 6 Efficiency, Exchange, and the Invisible Hand in Action
Part III Market Imperfections
Chapter 7 Monopoly, Oligopoly, and Monopolistic Competition
Chapter 8 Games and Strategic Behavior
Chapter 9 Externalities and Property Rights
Part IV Economics of Public Policy
Chapter 10 Using Economics to Make Better Policy Decisions