Ever wonder what economic factors might help determine your first job after college?…If a tax on soda would really reduce obesity?…What factors have affected housing prices?…or whether a tax rebate is better than a tax bonus? ECONOMICS answers these questions and many more. Using intriguing pop culture examples, the Tenth Edition is revised to include the most comprehensive coverage of the financial and economic crisis available in a principles of economics text. Self-tests help determine how well you're grasping the concepts, a traditional study guide prepares you for tests, and CourseMate for Economics offers a graphing tutorial, quizzes, videos and more. Entirely new to this edition is a complete set of Video Lectures featuring author Roger Arnold working through key concepts and graphs in each chapter. These videos are ideal for self-study, allowing you to play or replay the lectures at your convenience.
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Meet the Author
The 11th Edition of Arnold's Economics takes video tutorials to another level. Previously, Arnold's Video Office Hours provided students access to the author himself, explaining key concepts much the way an instructor would during office hours. NOW, students can benefit from two new video types that will further explain difficult concepts and homework roadblocks. Students can play and replay the tutorials as they work through homework assignments or prepare for quizzes and tests, almost as though they had an instructor by their side the whole time. Ideal for homework, study outside the classroom, or distance learning, these tutorials give students extra instructional help whenever and wherever it's most useful.
PART I ECONOMICS THE SCIENCE OF SCARCITY. 1 What Economics Is About. Appendix A: Working with Diagrams. Appendix B: Should You Major in Economics? 2 Production Possibilities Frontier. 3 Supply and Demand: Theory. 4 Prices: Free, Controlled, and Relative. 5 Supply, Demand, and Price: Applications. PART II MACROECONOMIC FUNDAMENTALS. 6 Macroeconomic Measurements, Part I: Prices and Unemployment. 7 Macroeconomic Measurements, Part II: GDP and Real GDP. PART III MACROECONOMIC STABILITY, INSTABILITY, AND FISCAL POLICY. 8 Aggregate Demand and Aggregate Supply. 9 Classical Macroeconomics and the Self-Regulating Economy. 10 Keynesian Macroeconomics and Economic Instability: A Critique of the Self-Regulating Economy. 11 Fiscal Policy and the Federal Budget. PART IV MONEY, THE ECONOMY, AND MONETARY POLICY. 12 Money, Banking and the Financial System. 13 The Federal Reserve System. 14 Money and the Economy. 15 Monetary Policy. Appendix C: Bond Prices and Interest Rates. PART V EXPECTATIONS AND GROWTH. 16 Expectations Theory and the Economy. 17 Economic Growth: Resources, Technology, Ideas and Institutions. PART VI THE FINANCIAL CRISIS OF 2007-2009. 18 The Financial Crisis of 2007-2009. PART VII GOVERNMENT AND THE ECONOMY. 19 Debates in Macroeconomics Over the Role and Effects of Government. PART VIII MICROECONOMIC FUNDAMENTALS. 20 Elasticity. 21 Consumer Choice and Behavioral Economics. Appendix D: Budget Constraint and Indifference Curve Analysis. Part IX Product Markets and Policies. 22 Perfect Competition. 23 Monopoly. 24 Monopolistic Competition, Oligopoly, and Game Theory. 25 Government and Product Markets: Antitrust and Regulation. PART X FACTOR MARKETS AND RELATED ISSUES. 26 Factor Markets: With Emphasis on the Labor Market. 27 Wages, Unions, and Labor. 28 The Distribution of Income and Poverty. 29 Interest, Rent, and Profit. PART XI MARKET FAILURE, PUBLIC CHOICE, AND SPECIAL-INTEREST-GROUP POLITICS. 30 Market Failure: Externalities, Public Goods, and Asymmetric Information. 31 Public Choice and Special-Interest-Group Politics. PART XII GOVERNMENT AND MARKETS. 32 The Economic Case For and Against Government: Five Topics Considered. PART XIII: INTERNATIONAL ECONOMICS AND GLOBALIZATION 33 International Trade. 34 International Finance. 35 Globalization and International Impacts on the Economy. PART XIV: FINANCIAL MATTERS. 36 Stocks, Bonds, Futures, and Options. PART XV: WEB CHAPTER. 37 Agriculture: Problems, Policies, and Unintended Effects.