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For one semester survey courses in general economics Teach your students how to think like economists. The Economic Way of Thinking goes beyond explaining the basic principles of micro- and macroeconomic analysis by showing students a method of reasoning that teaches them how to apply these principles as tools. The authors expose students to a method of reasoning that makes them think like an economist through example and application and also shows them how not to think, by exposing errors in popular economic reasoning. The full text downloaded to your computer With eBooks you can: search for key concepts, words and phrases make highlights and notes as you study share your notes with friends eBooks are downloaded to your computer and accessible either offline through the Bookshelf (available as a free download), available online and also via the iPad and Android apps. Upon purchase, you'll gain instant access to this eBook. Time limit The eBooks products do not have an expiry date. You will continue to access your digital ebook products whilst you have your Bookshelf installed.

The Economic Way of Thinking: Pearson New International Edition

• Table of Contents


• 1. The Economic Way of Thinking


• 2. Efficiency, Exchange, and Comparative Advantage


• 3. Substitutes Everywhere: The Concept of Demand


• 4. Cost and Choice: The Concept of Supply


• 5. Supply and Demand: A Process of Coordination


• 6. Unintended Consequences: More Applications of Supply and Demand


• 7. Profit and Loss


• 8. Price Searching


• 9. Competition and Government Policy


• 10. Externalities and Conflicting Rights


• 11. Markets and Government


• 12. Measuring the Overall Performance of Economic Systems


• 13. Money


• 14. Economic Performance and Real-World Politics


• 15. The Wealth of Nations: Globalization and Economic Growth


• Postscripts: What Economists Know


• Glossary


• Index


• A


• B


• C


• D


• E


• F


• G


• H


• I


• J


• K


• L


• M


• N


• O


• P


• Q


• R


• S


• T


• U


• V


• W


• Y