Economics plus MyEconLab plus eBook 2-Semester Student Access Kit

Like a lens that brings the indistinct into focus, Parkin's Economics introduces students to the art of seeing the invisible, teaching them interpret the story told by the economic indicators, uncover meaning hidden in the headlines, and gain a clear vision through economic analysis. An inspired teacher and crystal-clear writer, Michael Parkin has long been dedicated to helping students discover and apply the timeless principles of economics. Parkin invites students to: bull; See and understand the issues of our time in the brightest light, with the most compelling examples and clearest explanation. bull; Visualize economic principles in action using a widely acclaimed approach to graphical analysis. bull; Gain perspective on current economic events and today's principal economic thinkers through a series of carefully crafted features.

I. INTRODUCTION 1. What Is Economics? 2. The Economic Problem II. HOW MARKETS WORK 3. Demand and Supply 4. Elasticity 5. Efficiency and Equity 6. Markets in Action III. HOUSEHOLDS' CHOICES 7. Utility and Demand 8. Possibilities, Preferences, and Choices IV. FIRMS AND MARKETS 9. Organizing Production 10. Output and Costs 11. Perfect Competition 12. Monopoly 13. Monopolistic Competition and Oligopoly V. MARKET FAILURE AND GOVERNMENT 14. Regulation and Antitrust Law 15. Externalities 16. Public Goods and Common Resources VI. FACTOR MARKETS, INEQUALITY, AND UNCERTAINTY 17. Demand and Supply in Factor Markets 18. Economic Inequality 19. Uncertainty and Information VII. MACROECONOMIC OVERVIEW 20. A First Look at Macroeconomics 21. Measuring GDP and Economic Growth 22. Monitoring Cycles, Jobs, and the Price Level 23. Aggregate Supply and Aggregate Demand VIII. AGGREGATE SUPPLY AND ECONOMIC GROWTH. 24. The Economy at Full Employment: The Classical Model 25. Economic Growth IX. AGGREGATE DEMAND, MONEY, AND INFLATION 26. Money, Banks, and the Federal Reserve 27. Money, Interest, Real GDP, and the Price Level 28. Inflation X. ECONOMIC FLUCTUATIONS AND STABILIZATION POLICY 29. Expenditure Multipliers: The Keynesian Model 30. The Business Cycle 31. Fiscal Policy 32. Monetary Policy XI. THE GLOBAL ECONOMY 33. Trading with the World 34. International Finance