Economics, Global Edition

Teach your students to think like economists.

Economics 14^th edition is an intuitive text that teaches your students to think critically on global events, demonstrating how thinking like an economist gives a clearer understanding of current events. With an emphasis on real-world application, this text will give your students the skills to succeed.

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.

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• 9781292433639 Economics, 14^th Edition
• 9781292433646 Economics, 14^th Edition MyLab^® Economics
• 9781292433684 Economics, 14^th Edition Pearson eText

MyLab^® Economics is not included. Students, if MyLab is a recommended/mandatory component of the course, please ask your instructor for the correct ISBN. MyLab should only be purchased when required by an instructor. Instructors, contact your Pearson representative for more information.

PART 1: INTRODUCTION

1. What is Economics?
2. The Economic Problem

PART 2: HOW MARKETS WORK

1. Demand and Supply
2. Elasticity
3. Efficiency And Equity
4. Government Actions in Markets
5. Global Markets in Action

PART 3: HOUSEHOLDS' CHOICES

1. Utility and Demand
2. Possibilities, Preferences, and Choices

PART 4: FIRMS AND MARKETS

1. Organizing Production
2. Output and Costs
3. Perfect Competition
4. Monopoly
5. Monopolistic Competition
6. Oligopoly

PART 5: MARKET FAILURE AND GOVERNMENT

1. Public Choices, Public Goods, and Healthcare
2. Externalities

PART 6: FACTOR MARKETS, INEQUALITY, AND UNCERTAINTY

1. Markets for Factors of Production
2. Economic Inequality
3. Uncertainty and Information

PART 7: MONITORING MACROECONOMIC PERFORMANCE

1. Monitoring the Value of Production: GDP
2. Monitoring Jobs and Inflation

PART 8: MACROECONOMIC TRENDS

1. Economic Growth
2. Finance, Saving, and Investment
3. Money, the Price Level, and Inflation
4. The Exchange Rate and the Balance of Payments

PART 9: MACROECONOMIC FLUCTUATIONS

1. Aggregate Supply and Aggregate Demand
2. Expenditure Multipliers
3. The Business Cycle, Inflation, and Deflation

PART 10: MACROECONOMIC POLICY

1. Fiscal Policy
2. Monetary Policy