Foundations of Economics, Global Edition, 9th edition

Published by Pearson (November 25, 2022) © 2023

  • Robin Bade University of Western Ontario
  • Michael Parkin Emeritus of University of Western Ontario
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For principles of economics courses

An engaging, practice-oriented approach to understanding core economic principles. Foundations of Economics introduces economic principles students can use to navigate the financial decisions of their futures. Each chapter concentrates on 3 to 4 ideas, with each idea reinforced several times throughout the text. This patient approach helps guide learners through unfamiliar terrain and focuses them on key concepts and skills, like reading and interpreting graphs.

The 9th Edition motivates with compelling issues and encourages learning with practice questions, to help students grasp and apply economic principles to the real world.

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  • PART 1: INTRODUCTION
  • 1. Getting Started
  • 2. The US and Global Economies
  • 3. The Economic Problem
  • 4. Demand and Supply
  • PART 2: A CLOSER LOOK AT MARKETS
  • 5. Elasticities of Demand and Supply
  • 6. Efficiency of Fairness and Markets
  • PART 3: HOW GOVERNMENTS INFLUENCE THE ECONOMY
  • 7. Government Actions in Markets
  • 8. Taxes
  • 9. Global Markets in Action
  • PART 4: MARKET FAILURES AND PUBLIC POLICY
  • 10. Externalities
  • 11. Public Goods and Common Resources
  • 12. Private Information and Healthcare Markets
  • PART 5: A CLOSER LOOK AT DECISION MAKERS
  • 13. Consumer Choice and Demand
  • 14. Production and Cost
  • PART 6: PRICES, PROFITS, AND INDUSTRY PERFORMANCE
  • 15. Perfect Competition
  • 16. Monopoly
  • 17. Monopolistic Competition
  • 18. Oligopoly
  • PART 7: INCOMES AND INEQUALITY
  • 19. Markets for Factors of Production
  • 20. Economic Inequality
  • PART 8: MONITORING THE MACROECONOMY
  • 21. GDP: A Measure Of Total Production and Income
  • 22. Jobs and Unemployment
  • 23. The CPI and the Cost of Living
  • PART 9: THE REAL ECONOMY
  • 24. Potential GDP and the Natural Unemployment Rate
  • 25. Economic Growth
  • 26. Finance, Saving, and Investment
  • PART 10: THE MONEY ECONOMY
  • 27. The Monetary System
  • 28. Money, Interest, and Inflation
  • PART 11: ECONOMIC FLUCTUATIONS
  • 29. Aggregate Supply and Aggregate Demand
  • 30. Aggregate Expenditure Multiplier
  • 31. The Short-Run Policy Tradeoff
  • PART 12: MACROECONOMIC POLICY
  • 32. Fiscal Policy
  • 33. Monetary Policy
  • 34. International Finance

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