Principles of Economics, 3rd Edition (COVID-19 Update)

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Dirk Mateer, Lee Coppock

ISBN: 9780393872279

Students and instructors are living through a pandemic that has changed how and what they teach, and how and where they learn.

The COVID-19 Update of Principles of Economics, Third Edition, provides the information that students need to make sense of the impacts COVID-19 has had on the economy. The Update Edition has been completely revised to include new examples, new data, new policies, and more. All of Norton’s digital resources fully integrate with most learning management systems, providing the flexibility instructors need in this changed world.

Features

Relatable examples and diversity drive student engagement: Following the lead of the AEA, Mateer and Coppock build on the book’s diversity by emphasizing the rich contributions to economics scholarship from women and people of color. The experiences of students from a wider range of backgrounds inform the entire package, from more diverse and varied examples to the research cited, as well as the images in the text. Office Hours videos include diverse presenters, and there is a consistent emphasis on diversity and inclusion in the Smartwork questions. Further, Mateer and Coppock continues to be the most relatable text, using current media and everyday examples to explain economic concepts.
A consistent problem-solving focus builds skills students can apply in the course and in life: In each chapter, students encounter common-sense, relatable examples that help them see why economics is important and relevant to their own lives. A unique problem-solving pedagogy teaches students to check their understanding by learning how to solve an economic problem using relatable, real-world applications. Practice What You Know features, the foundation of this pedagogy, explain the step-by-step process of working single- and multi-part mathematical, graphical, or conceptual problems. Solved Problems at the end of chapters, InQuizitive, and Smartwork provide students with additional practice for use in class and as homework.

Authors

Dirk Mateer
Lee Coppock

Part I: Introduction
Chapter 1. Five Foundations of Economics
Chapter 2. Model Building and Gains from Trade

Part II: The Role of Markets
Chapter 3. The Market at Work: Supply and Demand
Chapter 4. Elasticity
Chapter 5. Market Outcomes and Tax Incidence
Chapter 6. Price Controls
Chapter 7. Market Inefficiencies: Externalities and Public Goods

Part III: The Theory of the Firm
Chapter 8. Business Costs and Production
Chapter 9. Firms in a Competitive Market
Chapter 10. Understanding Monopoly
Chapter 11. Price Discrimination
Chapter 12. Monopolistic Competition and Advertising
Chapter 13. Oligopoly and Strategic Behavior

Part IV: Labor Markets and Earnings
Chapter 14. The Demand and Supply of Resources
Chapter 15. Income, Inequality, and Poverty

Part V: Special Topics in Microeconomics
Chapter 16. Consumer Choice
Chapter 17. Behavioral Economics and Risk Taking
Chapter 18. Health Insurance and Health Care

Part VI: Macroeconomic Basics
Chapter 19. Introduction to Macroeconomics and Gross Domestic Product
Chapter 20. Unemployment
Chapter 21. The Price Level and Inflation
Chapter 22. Savings, Interest Rates, and the Market for Loanable Funds
Chapter 23. Financial Markets and Securities

Part VII: The Long and Short of Macroeconomics
Chapter 24. Economic Growth and the Wealth of Nations
Chapter 25. Growth Theory
Chapter 26. The Aggregate Demand–Aggregate Supply Model
Chapter 27. Recessions, Expansions, and the Debate over How to Manage Them

Part VIII: Fiscal Policy
Chapter 28. Federal Budgets: The Tools of Fiscal Policy
Chapter 29. Fiscal Policy

Part IX: Monetary Policy
Chapter 30. Money and the Federal Reserve
Chapter 31. Monetary Policy

Part X: International Economics
Chapter 32. International Trade
Chapter 33. International Finance

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ISBNs

Norton Enhanced Ebook: 9780393871722
Print Textbook: 9780393872279

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