Economics: Principles, Problems, and Policies 19th Edition, by Campbell R. McConnell, Stanley L. Brue and Sean M. Flynn describes the principles essential for understanding the economizing problem, specific economic issues, and the policy alternatives. Authors help the student understand and apply the economic perspective and reason accurately and objectively about economic matters; and promote a lasting student interest in economics and the economy.
Part 1 contains Chapter 1(Limits, Alternatives, and Choices) and Chapter 2 (The Market System and the Circular Flow). Part 2 now consists of three chapters: Chapter 3 (Demand, Supply, and Market Equilibrium), Chapter 4 (Elasticity), and Chapter 5 (Market Failures: Public Goods and Externalities). The chapters in Part 2 are more concept-oriented and analytical rather than general and descriptive as they were in the previous edition.
This allows the elasticity chapter to immediately follow the supply and demand chapter. This also puts the elasticity chapter intoMacroeconomics for those who cover this concept in their macro course. This new organization eliminates the mainly descriptive Chapter 4 on the private and public sectors and moves the relevant content to where it fits more closely with related micro and macro materials.
The 19th edition provides a single chapter on international trade, rather than two separate chapters that have overlapping coverage (Chapter 37 in the 19th edition rather than Chapters 5 and 37 in the 18th edition). The new edition boosts the analysis of market failures (public goods and externalities) in the introductory sections to complement and balance the introduction to the market system discussed in Chapter 2.
For micro instructors, the new ordering provides a clear supply-and-demand path to the subsequent chapters on consumer and producer behavior. For macro instructors, the new ordering provides the option of assigning elasticity or market failures or both. And because this content is both optional and modular, macro instructors can also skip it and move directly to the macroeconomic analysis.
The content on the United States in the global economy that appeared in Chapter 5 of the 18th edition is now integrated into Chapter 37 (International Trade). End-of-chapter study questions have been split into questions, which are more analytic and free-response, and problems, which are quantitative. Many new problems have been added, and the questions and problems continue to be aligned with the chapter learning objectives.
More details about this book...
or
Download Economics: Principles, Problems, and Policies by Pindyck PDF Ebook :
0 comments:
Post a Comment