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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 attempting to teach a short 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 the Frank & Bernanke approach, but 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 covereage.
Part I IntroductionCh 1 Thinking Like an EconomistCh 2 Comparative AdvantageCh 3 Supply and DemandPart II Competition and the Invisible HandCh 4 ElasticityCh 5 DemandCh 6 Perfectly Competitive SupplyCh 7 Efficiency, Exchange, and the Invisible Hand in ActionPart III Market ImperfectionsCh 8 Monopoly, Oligopoly, and Monopolistic CompetitionCh 9 Games and Strategic BehaviorCh 10 Externalities and Property RightsPart IV Economics of Public PolicyCh 11 Using Economics to Make Better Policy ChoicesPart V Macroeconomics: Data and IssuesCh 12 Spending, Income, and GDPCh 13 Inflation and the Price LevelCh 14 Wages and UnemploymentPart VI The Economy in the Long RunCh 15 Economic GrowthCh 16 Saving, Capital Formation, and Financial MarketsCh 17 The Financial System, Money, and PricesPart VII The Economy in the Short RunCh 18 Short-Term Economic FluctuationsCh 19 Spending and Output in the Short RunCh 20 Stabilizing the Economy: The Role of the Federal ReserveCh 21 Aggregate Demand, Aggregate Supply, and Macroeconomic PolicyPart VIII The International EconomyCh 22 Exchange Rates, International Trade, and Capital Flows