Economics, Global Edition -- MyLab Economics with Pearson eText

Robin Bade was an undergraduate at the University of Queensland, Australia, where she earned degrees in mathematics and economics. After a spell teaching high school math and physics, she enrolled in the Ph.D. program at the Australian National University, from which she graduated in 1970. She has held faculty appointments at the University of Edinburgh in Scotland, at Bond University in Australia, and at the Universities of Manitoba, Toronto, and Western Ontario in Canada. Her research on international capital flows appears in the International Economic Review and the Economic Record. Robin first taught the principles of economics course in 1970 and has taught it (alongside intermediate macroeconomics and international trade and finance) most years since then. Michael Parkin studied economics in England and began his university teaching career immediately after graduating with a B.A. from the University of Leicester. He learned the subject on the job at the University of Essex, England's most exciting new university of the 1960s, and at the age of 30 became one of the youngest full professors. He is a past president of the Canadian Economics Association and has served on the editorial boards of the American Economic Review and the Journal of Monetary Economics. His research on macroeconomics, monetary economics, and international economics has resulted in more than 160 publications in journals and edited volumes, including the American Economic Review, the Journal of Political Economy, the Review of Economic Studies, the Journal of Monetary Economics, and the Journal of Money, Credit, and Banking. He is author of the best-selling textbook, Economics (Pearson).

PART 1: INTRODUCTION
What is Economics?
The Economic Problem
PART 2: HOW MARKETS WORK
Demand and Supply
Elasticity
Efficiency And Equity
Government Actions in Markets
Global Markets in Action
PART 3: HOUSEHOLDS' CHOICES
Utility and Demand
Possibilities, Preferences, and Choices
PART 4: FIRMS AND MARKETS
Organizing Production
Output and Costs
Perfect Competition
Monopoly
Monopolistic Competition
Oligopoly
PART 5: MARKET FAILURE AND GOVERNMENT
Public Choices, Public Goods, and Healthcare
Externalities
PART 6: FACTOR MARKETS, INEQUALITY, AND UNCERTAINTY
Markets for Factors of Production
Economic Inequality
Uncertainty and Information
PART 7: MONITORING MACROECONOMIC PERFORMANCE
Monitoring the Value of Production: GDP
Monitoring Jobs and Inflation
PART 8: MACROECONOMIC TRENDS
Economic Growth
Finance, Saving, and Investment
Money, the Price Level, and Inflation
The Exchange Rate and the Balance of Payments
PART 9: MACROECONOMIC FLUCTUATIONS
Aggregate Supply and Aggregate Demand
Expenditure Multipliers
The Business Cycle, Inflation, and Deflation
PART 10: MACROECONOMIC POLICY
Fiscal Policy
Monetary Policy