Fundamentals of Economics / Edition 6

by William Boyes, Michael Melvin

Overview

Designed for the one-term introductory economics course for non-majors, Boyes's FUNDAMENTALS OF ECONOMICS, Sixth Edition, engages students with business decisions of actual, headline-making companies and discusses the economic policies of today's world leaders. The Sixth Edition has been thoroughly updated to reflect the current economic condition in the United States and the world and reflects recent events in the Obama administration, especially in regard to healthcare. The supportive pedagogical framework that guides students through each chapter includes Fundamental Questions, which open and organize the chapter by focusing on three to six key issues, and which then reappear both at point of relevance in the margins and in the end-of-chapter Summary sections; Now You Try It checkpoint questions that quiz students on important concepts, with answers provided at the back of the book; Recaps at the end of each major section to break material into manageable segments; and end-of-chapter exercises that serve as self-checks for students and as homework assignment options for instructors. A built-in study guide follows each chapter, and provides a more intensive review opportunity for students, with answers provided in an appendix. Most chapters contain four pages of study material consisting of key term match-ups, multiple-choice quizzes, and practice questions and problems. A final section of application problems gives students an opportunity to analyze and synthesize what they have learned. Available with InfoTrac Student Collections http://gocengage.com/infotrac.

Product Details

ISBN-13:	9781133956105
Publisher:	Cengage Learning
Publication date:	12/31/2012
Edition description:	New Edition
Pages:	464
Product dimensions:	8.50(w) x 10.80(h) x 0.90(d)

About the Author

Dr. William Boyes is professor of economics at Arizona State University. He received his Ph.D. in economics from the Claremont Graduate School in 1974. Before joining the Arizona State faculty, he was the Distinguished Visiting Professor of Business at Weber State University; visiting professor at Tsinghua University, Beijing, China and the University of London, London, England, and lectured at ITAM in Mexico City; and was the dean of the College of Business at Cal Poly, San Luis Obispo. Dr. Boyes has also served as chairman of the Economics Department at ASU and has been an economist with Security Pacific National Bank (now Bank of America). He has been a consultant to the White House, the Commerce Department, the Federal Trade Commission, and several private firms. He is the director of the office of economic education at ASU and a member of the Pacific Research Institute's Academic Advisory Board. Dr. Boyes has received many teaching awards, including the Golden Key National Honor Society Outstanding Professor Award at ASU in 1988, the Outstanding Teacher in the MBA Program Award at ASU in 1994, the Outstanding Teacher in the College of Business Award at ASU in 1995, Huizingh Outstanding Honors Professor in 2007, and Outstanding MBA Professor in 2008.


Michael Melvin is currently Head of Currency Research at Barclays Global Investors. He also retains affiliations at the Arizona State University Department of Economics and the Haas School of Business at the University of California, Berkeley. Dr. Melvin received his Ph.D. in economics from UCLA in 1980. He has served as a visiting scholar at the Federal Reserve Board and the International Monetary Fund, was a Fulbright Professor at the University of Frankfurt, and has been a visiting professor at UCLA, Northwestern University, U.C. San Diego, and the University of Hawaii. His field of specialization is International Finance, and he is the coeditor of the Journal of International Money and Finance.

Table of Contents

Part I: MARKETS. 1. Economics and the World Around You. 2. Markets and the Market Process. 3. The Free Market versus Government Interference. Part II: Consumers, Firms, and Social Issues. 4. The Firm and the Consumer. 5. Costs and Profit Maximization. 6. Competition. 7. Business, Society, and the Government. 8. Government Intervention versus Free Markets. Part III: The National and Global Economies. 9. An Overview of the National and International Economies. 10. Macroeconomic Measures. 11. Unemployment, Inflation, and Business Cycles. 12. Macroeconomic Equilibrium: Aggregate Demand and Supply. 13. Fiscal Policy. 14. Money and Banking. Part IV: Macroeconomic Policy. 15. Monetary Policy. 16. Macroeconomic Policy, Business Cycles, and Growth. 17. Issues in International Trade and Finance. 18. Globalization.