Economics: Principles for a Changing World

With this edition, Eric Chiang continues to link economics concepts to topics of personal interest to students. The new edition is a thoroughly contemporary, fully integrated print/technology resource that adapts to the way you want to teach. As always, this concise book focuses on the topics most often covered in the principles course, but with this edition, it offers a stronger emphasis than ever on helping students apply an economic way of thinking to the overwhelming flow of data we face every day.

Economics: Principles for a Changing World is fully informed by Eric Chiang’s experiences teaching thousands of students worldwide, both in person and online. Developing the text, art, media, homework, and ancillaries simultaneously, Chiang translates those experiences into a cohesive approach that embodies the book’s founding principles:

• To use technology as a tool for learning—before lectures, during class, when doing homework, and at exam time


• To help students harness the data literacy they’ll need as consumers of economic information

1. Exploring Economics


2. Production, Economic Growth, and Trade 


3.  Supply and Demand 


4.  Markets and Government 


5.  Elasticity 


6.  Consumer Choice and Demand 


7. Production and Costs 


8.  Perfect Competition 


9.  Monopoly 


10. Monopolistic Competition, Oligopoly, and Game Theory 


11.  Labor Markets 


12.  Land, Capital Markets, and Innovation 


13.  Externalities and Public Goods 


14.  Network Goods 


15.  Income Inequality and Poverty


16.  Introduction to Macroeconomics 


17.  Measuring Inflation and Unemployment 


18.  Economic Growth 


19.  Aggregate Expenditures 


20.  Aggregate Demand and Supply 


21.  Fiscal Policy and Debt 


22.  Saving, Investment, and the Financial System 


23.  Money Creation and the Federal Reserve 


24.  Monetary Policy 


25.   Macroeconomic Policy: Challenges in a Global Economy


26.  International Trade 


27.  Open Economy Macroeconomics

The New copy of this book will include any supplemental materials advertised. Please check the title of the book to determine if it should include any access cards, study guides, lab manuals, CDs, etc.

The Used, Rental and eBook copies of this book are not guaranteed to include any supplemental materials. Typically, only the book itself is included. This is true even if the title states it includes any access cards, study guides, lab manuals, CDs, etc.