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This highly successful text makes basic economics readable, sensible, and interesting by placing an emphasis on application and student learning. This book provides the most comprehensive and pedagogically-rich treatment of introductory economics available for the non-majors course. It focuses on the most basic tools in economics and applies them clearly to explain real-world economic issues. Better than any other text, Tucker implements teaching tools and methodologies that drive the student learning process and development of critical analysis skills. It is known for its: lively and informative writing style; emphasis on critical thinking; applications; active learning environment; use of unique, highly motivational, student-oriented pedagogy; unparalleled visual learning support; and numerous in-chapter review and application opportunities.
PART I: INTRODUCTION TO ECONOMICS 1. Introducing the Economic Way of Thinking Appendix to Chapter 1: Applying Graphs to Economics 2. Production Possibilities and Opportunity Cost PART II: THE MICROECONOMY 3. Market Demand and Supply 4. Markets in Action Appendix to Chapter 4: Applying Supply and Demand Analysis to Health Care 5. Price Elasticity of Demand 6. Production Costs 7. Perfect Competition 8. Monopoly Chapter 9. Monopolistic Competition and Oligopoly Chapter 10. Labor Markets and Income Distribution PART III. THE MACROECONOMY AND FISCAL POLICY 11. Gross Domestic Product 12. Business Cycles and Unemployment 13. Inflation 14. Aggregate Demand and Supply Appendix to Chapter 14: Appendix: The Self-Correcting Aggregate Demand and Supply Model 15. Fiscal Policy 16. The Public Sector 17. Federal Deficits, Surpluses, and the National Debt PART IV: MONEY, BANKING, AND MONETARY POLICY 18. Money and the Federal Reserve System 19. Money Creation 20. Monetary Policy PART V: THE INTERNATIONAL ECONOMY 21. International Trade and Finance 22. Economics in Transition 23. Growth and the Less-Developed Countries