Economics, Global Edition, 14th edition

Published by Pearson (November 14, 2022) © 2023

  • Michael Parkin Emeritus of University of Western Ontario
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Deepen your understanding and think like an economist

Economics, 14th edition, by Michael Parkin is an intuitive guide to modern economics that teaches you how to think like an economist on global issues. Grounded in real-life examples, the text brings together the latest policy and thoughts on world events and encourages critical thinking to enable you to join the discussion. This new edition emphasises real-world applications with diagrams renowned for their pedagogy and clarity throughout.

With a range of learning features across its chapters, this title will give you the necessary skills to gain a clearer and deeper understanding of today's events.

  • PART 1: INTRODUCTION
  • What is Economics?
  • The Economic Problem
  • PART 2: HOW MARKETS WORK
  • Demand and Supply
  • Elasticity
  • Efficiency And Equity
  • Government Actions in Markets
  • Global Markets in Action
  • PART 3: HOUSEHOLDS' CHOICES
  • Utility and Demand
  • Possibilities, Preferences, and Choices
  • PART 4: FIRMS AND MARKETS
  • Organizing Production
  • Output and Costs
  • Perfect Competition
  • Monopoly
  • Monopolistic Competition
  • Oligopoly
  • PART 5: MARKET FAILURE AND GOVERNMENT
  • Public Choices, Public Goods, and Healthcare
  • Externalities
  • PART 6: FACTOR MARKETS, INEQUALITY, AND UNCERTAINTY
  • Markets for Factors of Production
  • Economic Inequality
  • Uncertainty and Information
  • PART 7: MONITORING MACROECONOMIC PERFORMANCE
  • Monitoring the Value of Production: GDP
  • Monitoring Jobs and Inflation
  • PART 8: MACROECONOMIC TRENDS
  • Economic Growth
  • Finance, Saving, and Investment
  • Money, the Price Level, and Inflation
  • The Exchange Rate and the Balance of Payments
  • PART 9: MACROECONOMIC FLUCTUATIONS
  • Aggregate Supply and Aggregate Demand
  • Expenditure Multipliers
  • The Business Cycle, Inflation, and Deflation
  • PART 10: MACROECONOMIC POLICY
  • Fiscal Policy
  • Monetary Policy
 

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