Modern Principles of Economics
5th Edition
Published on 19. February 2021
Book
Paperback/Softback
978-1-319-38303-9 (ISBN)
Description
Modern Principles means modern content and modern delivery and Tyler Cowen and Alex Tabarrok deliver with a knack for revealing the 'invisible hand' of economics at work and a unique combination of vivid writing, up-to-date relevant examples and unparalleled online resources, perfect for your principles of economics course.
Modern Principles of Economics places an emphasis on the power of incentives which underscores how economics helps us understand why we do what we do (in other words, the decisions we make in the face of incentives in the real world). These are brought to life via examples including a discussion of housing prices and the elasticity of supply, the declining labor force participation rate of young men, the platform economics of free goods like Facebook and Twitter, monetary policy in a pandemic and the politics and economics of trade in the Trump era.
Modern Principles of Economics is supported by Achieve, our integrated, online learning system which allows you to engage every student with powerful multimedia resources, an integrated e-Book, robust homework, and a wealth of interactives, creating an extraordinary new learning resource for students.
Key features include:
Modern Principles of Economics places an emphasis on the power of incentives which underscores how economics helps us understand why we do what we do (in other words, the decisions we make in the face of incentives in the real world). These are brought to life via examples including a discussion of housing prices and the elasticity of supply, the declining labor force participation rate of young men, the platform economics of free goods like Facebook and Twitter, monetary policy in a pandemic and the politics and economics of trade in the Trump era.
Modern Principles of Economics is supported by Achieve, our integrated, online learning system which allows you to engage every student with powerful multimedia resources, an integrated e-Book, robust homework, and a wealth of interactives, creating an extraordinary new learning resource for students.
Key features include:
- 170+ Marginal Revolution University videos have been deeply integrated into the text and pedagogy, providing valuable tools for both instructors and students
- Animated pre-lecture tutorials reinforce in-class learning
- Access to an eBook for easy reading and searching
- LearningCurve adaptive quizzing offers practice questions and feedback
- Step-by-Step graphs and Discovering data activities help students develop their economic thinking
More details
Edition
5th ed. 2021
Language
English
Place of publication
New York
United Kingdom
Publishing group
Macmillan Learning
Target group
Professional and scholarly
Edition type
Revised edition
Illustrations
Approx. 930 p.
Dimensions
Height: 23.5 cm
Width: 15.5 cm
ISBN-13
978-1-319-38303-9 (9781319383039)
Schweitzer Classification
Other editions
New editions
Tyler Cowen | Tabarrok Alex
Modern Principles of Economics
Book
04/2024
6th Edition
Worth Publishers Inc.,U.S.
€90.50
Available immediately
Previous edition
Tyler Cowen | Alex Tabarrok
Modern Principles of Economics
Book
01/2018
4th Edition
Worth Publishers Inc.,U.S.
€73.82
Article exhausted; check for reprint
Persons
Tyler Cowen is Holbert C. Harris Professor of Economics at George Mason University and Director of the Mercatus Center. He is published widely in economics journals, including the American Economic Review and Journal of Political Economy. With Alex Tabarrok he co-writes the Marginal Revolution blog, often ranked as the #1 economics blog. He is also the author of numerous books on economics and he writes regularly for the popular press on economics, including for Bloomberg Opinion, The New York Times, The Washington Post, Forbes, and The Wilson Quarterly.
Alex Tabarrok is Bartley J. Madden Chair in Economics at the Mercatus Center at George Mason University. Tabarrok is co-author with Tyler Cowen of the popular economics blog, Marginal Revolution. His research looks at bounty hunters, judicial incentives and elections, crime control, patent reform, methods to increase the supply of human organs for transplant, and the regulation of pharmaceuticals. He is the editor of numerous books, his papers have appeared in numerous academic journals and his popular articles have appeared in The New York Times, The Wall Street Journal, and many other magazines and newspapers.
Alex Tabarrok is Bartley J. Madden Chair in Economics at the Mercatus Center at George Mason University. Tabarrok is co-author with Tyler Cowen of the popular economics blog, Marginal Revolution. His research looks at bounty hunters, judicial incentives and elections, crime control, patent reform, methods to increase the supply of human organs for transplant, and the regulation of pharmaceuticals. He is the editor of numerous books, his papers have appeared in numerous academic journals and his popular articles have appeared in The New York Times, The Wall Street Journal, and many other magazines and newspapers.
Content
Preface.- 1. The Big Ideas in Economics.- 2. The Power of Trade and Comparative Advantage.- Part 1: Supply and Demand.- 3. Supply and Demand.- 4. Equilibrium: How Supply and Demand Determine Prices.- 5. Elasticity and Its Applications.- 6. Taxes and Subsidies.- Part 2: The Price System.- 7. The Price System: Signals, Speculation, and Prediction.- 8. Price Ceilings and Floors.- 9. International Trade.- 10. Externalities: When the Price Is Not Right.- Part 3: Firms and Factor Markets.- 11. Costs and Profit Maximization under Competition.- 12. Competition and the Invisible Hand.- 13. Monopoly.- 14. Price Discrimination and Pricing Strategy.- 15. Oligopoly and Game Theory.- 16. Networks, Platforms, and the Economics of "Free Goods".- 17. Monopolistic Competition and Advertising.- 18. Labor Markets.- Part 4: Government.- 19. Public Goods and the Tragedy of the Commons.- 20. Political Economy and Public Choice.- 21. Economics, Ethics, and Public Policy.- Part 5: Decision Making for Businesses, Investors, and Consumers.- 22. Managing Incentives.- 23. Stock Markets and Personal Finance.- 24. Asymmetric Information: Moral Hazard and Adverse Selection.- 25 Consumer Choice.- Part 6: Economic Growth.- 26 GDP and the Measurement of Progress.- 27 The Wealth of Nations and Economic Growth.- 28 Growth, Capital Accumulation, and the Economics of Ideas: Catching Up vs. the Cutting Edge.- 29 Saving, Investment, and the Financial System.- Part 7: Business Fluctuations.- 30 Unemployment and Labor Force Participation.- 31 Inflation and the Quantity Theory of Money.- 3. Business Fluctuations: Aggregate Demand and Supply.- 33. Transmission and Amplification Mechanisms.- Part 8: Macroeconomic Policy and Institutions.- 34. The Federal Reserve System and Open Market Operations.- 35. Monetary Policy.- 36. The Federal Budget: Taxes and Spending.- 37. Fiscal Policy.- Part 9: International Economics.- 38 International Finance.