Principles of Economics, 8/e (Paperback)

Frank et. al. focuses on seven core principles to produce economic naturalists through active learning. By eliminating overwhelming detail, students are able to grasp a deeper understanding of economics. This product helps students become “economic naturalists,” people who employ basic economic principles to understand and explain what they observe in the world around them. COVID-19 pandemic content, analysis, and examples further engage students.

PART I: INTRODUCTION
Ch 1 Thinking like an Economist
Ch 2 Comparative Advantage
Ch 3 Supply and Demand

PART II: COMPETITION AND THE INVISIBLE HAND
Ch 4 Elasticity
Ch 5 Demand
Ch 6 Perfectly Competitive Supply
Ch 7 Efficiency, Exchange, and the Invisible Hand in Action

PART III: MARKET IMPERFECTIONS
Ch 8 Monopoly, Oligopoly, and Monopolistic Competition
Ch 9 Games and Strategic Behavior
Ch10 An Introduction to Behavioral Economics
Ch11 Externalities, Property Rights, and the Environment

PART IV: ECONOMICS OF PUBLIC POLICY
Ch12 The Economics of Information
Ch13 Labor Markets, Poverty, and Income Distribution
Ch14 Public Goods and Tax Policy

PART V: INTERNATIONAL TRADE
Ch15 International Trade and Trade Policy

PART VI: MACROECONOMICS: ISSUES AND DATA
Ch16 Macroeconomics: The Birds-Eye View of the Economy
Ch17 Measuring Economic Activity: GDP and Unemployment
Ch18 Measuring the Price Level and Inflation

PART VII: THE ECONOMY IN THE LONG RUN
Ch19 Economic Growth, Productivity, and Living Standards
Ch20 The Labor Market: Workers, Wages, and Unemployment
Ch21 Saving and Capital Formation
Ch22 Money, Prices, and the Federal Reserve
Ch23 Financial Markets and International Capital Flows

PART VIII: THE ECONOMY IN THE SCHORT RUN
Ch24 Short-Term Economic Fluctuations: An Introduction
Ch25 Spending and Output in the Short Run
Ch26 Stabilizing the Economy: The Role of the Fed
Ch27 Aggregate Demand, Aggregate Supply, and Inflation

PART VX: THE INTERNATIONAL ECONOMY
Ch28 Exchange Rates and the Open Economy