Economics with MyEconLab:Global Edition - Michael Parkin - 9780273754275 - Economics - Principles of Economics - Pearson Schweiz AG - Der Fachverlag fuer Bildungsmedien - 978-0-2737-5427-5

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Economics with MyEconLab:Global Edition

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Titel:   Economics with MyEconLab:Global Edition
Reihe:   Imprint unbekannt
Autor:   Michael Parkin
Verlag:   Pearson
Einband:   Softcover
Auflage:   10
Sprache:   Englisch
Erschienen:   April 2011
ISBN13:   9780273754275
ISBN10:   0-27375-427-0
Status:   Der Titel ist leider nicht mehr lieferbar. Sorry, This title is no longer available. Malheureusement ce titre est épuisé.
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Ersatztitel:
ISBNTitelAuflageEinbandErscheintVerfügbarPreis
9780273790433 Economics, plus MyEconLab with Pearson eText, Global Edition 11 Softcover 06.2013
ca. 7-9 Tage
99.60

Economics with MyEconLab:Global Edition

Description

Get students to think like an Economist using the latest policy and data while incorporating Global Issues.

This title is a Pearson Global Edition.  The Editorial team at Pearson has worked closely with educators around the world to include content which is especially relevant to students outside the United States.

From our global food shortage to global warming, economic issues permeate our everyday lives. Parkin brings critical issues to the forefront. Each chapter begins with one of today’s key issues, and additional issues appear throughout the chapter to show the real-world applications of the theory being discussed. When the chapter concludes, students “read between the lines” to think critically about a news article relating to the issue, demonstrating how thinking like an economist helps make informed decisions.

Parkin is so committed to currency that he uploads news articles almost daily to MyEconLab®, the online assessment and tutorial system that accompanies the text. Assessment questions based on the “Economics in the News” articles will be uploaded periodically so that instructors can assign recent articles within MyEconLab.


Features

From our global food shortage to global warming, economic issues permeate our everyday lives. Parkin brings critical issues to the forefront. Each chapter begins with one of today’s key issues, and additional issues appear throughout the chapter to show the real-world applications of the theory being discussed. When the chapter concludes, students “read between the lines” to think critically about a news article relating to the issue, demonstrating how thinking like an economist helps make informed decisions.

Parkin is so committed to currency that he uploads news articles almost daily to MyEconLab®, the online assessment and tutorial system that accompanies the text. Assessment questions based on the “Economics in the News” articles will be uploaded periodically so that instructors can assign recent articles within MyEconLab.

 

Features to Enhance Teaching and Learning:

  •  Do your students understand current global issues and the big-picture implications?  Parkin's Chapter-opening vignettes motivate readers culminating with a Reading Between the Lines feature. These vignettes focus on current global issues like natural resources, economic inequality, and global warming. Those topics are woven through the chapter to show the big-picture implications of the theory and the chapter culminates with a Reading Between the Lines feature.
  • Do Your Students Know How to Evaluate a Current News Article using their Economics Tools?  Reading Between the Lines shows students how to apply economic tools. At the end of each chapter, students use their new economic tools to evaluate a current news article and test their reasoning skills.
  • Highlight and Amplify Current Events and Economics Occurences with Parkin's NEW Economics in Action Boxes.  This new feature uses boxes within the chapter to address current events and economic occurrences that highlight and amplify the topics covered in the chapter.
  • Do Your Students Know How to Evaluate a Current News Article using their Economics Tools?  Reading Between the Lines shows students how to apply economic tools. At the end of each chapter, students use their new economic tools to evaluate a current news article and test their reasoning skills.
  • Parkin's Diagrams were developed with the needs of students in mind!  Parkin's diagrams show the action. With a consistent and meaningful use of color, each and every figure has been designed with the needs of students in mind. Graphs are paired with data tables, color-blended arrows show movement, diagrams are labeled with boxed notes, and extended captions provide study and review.
  • In-text Review Quizzes reinforce major concepts. Sections end with short Review Quizzes that test students’ knowledge of the topics just discussed. These questions can be assigned and auto-graded in MyEconLab, which is a convenient way to encourage students to read the chapter before coming to class.
  • Show Students that People Just like them Have Gone on to Change Economic History!  Interviews with Economists. One of Parkin’s goals is to show students that people just like them have gone on to change the landscape of economic history. At the end of each part, a captivating interview with one of today’s leading economists shows what inspired that person to pursue a career in economics. With relevant advice geared toward beginners, students see how real people can make a difference in the discipline.
  • Provide your Students with a summary for review and Exam Preparation.  End-of-Chapter Study Material.  Each chapter closes with a concise summary organized by major topics, lists of key terms with page references, and problems and applications. These learning tools provide students with a summary for review and exam preparation.
  • Do you want a balanced treatment of Macroeconomics in your text?  Balanced treatment of macroeconomics. Parkin’s balanced treatment of macroeconomics is organized around monitoring trends and fluctuations, understanding trends and fluctuations, and fiscal and monetary policy.

MyEconLab and Parkin's Text are In Synch!  With MyEconLab®–an online tutorial and assessment resource—students spend more time doing economics, and instructors spend less time grading. Visit MyEconLab to learn more, take a tour, and request access.

  • Complete integration between the book and MyEconLab: Each new student copy comes with prepaid access to a MyEconLab course developed specifically to accompany this text. All end-of-chapter questions are available so students can make the most of their study time, and all in-text figures are animated with author narration within MyEconLab.
  • Learning through practice: For each chapter, students can self-study using the preloaded sample tests and tutorial resources, or they can complete instructor-assigned problems. MyEconLab automatically grades exercises—even graphing problems—so students get instant feedback and personalized Study Plans with links to additional learning tools.
  • Economics in the News: Michael Parkin selects news stories daily to bring economic concepts to life for students. Thought-provoking questions accompany each featured story and are assignable in MyEconLab.
  • Online instructor tools: Within MyEconLab, instructors can assign preloaded or customized multiple-choice, graphing, algorithmic, and free-response questions. Exercises are auto-graded, and MyEconLab records the results in an online gradebook to effortlessly track student progress.
  • Economic Videos featuring ABC News: Each video in this series presents an issue using ABC News footage accompanied by commentary from economists to show students the economics behind the news. Visit Economics Videos for more information and to view a demo.
  • New platform- and browser-independent player: The new Flash™-based, platform- and browser-independent MyEconLab Player is now available! In addition to Internet Explorer®, the Player will support Firefox® on Windows® (XP and Vista®) and Safari® and Firefox on the Macintosh®. Visit MyEconLab for more information.

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      New to this Edition

      New To This Edition

      Simpler where possible, stripped of some technical detail, more copiously illustrated with well-chosen photographs, reinforced with improved chapter summaries and problem sets, and even more tightly integrated with MyEconLab: These are the hallmarks of this tenth edition of Economics.  This comprehensive revision also incorporates and responds to the detailed suggestions for improvements made by reviewers and users, in both the broad architecture of the text and chapter-by-chapter. The revision builds on the improvements achieved in previous editions and retains its thorough and detailed presentation of the principles of economics, its emphasis on real-world examples and applications, its development of critical thinking skills, its diagrams renowned for pedagogy and precision, and its path-breaking technology.

       

      Do you want your students to learn how to use economic tools in order to analyze recent real-world events, new issues, and their own daily decisions?

       

      In this Millenium Edition, Michael Parkin has a clearer focus.  He fine-tuned chapters and created a more straightforward, visual, and intuitive presentation of the material to better enable students to analyze their own daily decisions!  Today’s most prevalent issues tie chapters together, from chapter-opening vignettes to end-of-chapter problems to online practice. Some chapters have been thoroughly reworked to cover new issues, particularly those that involve current policy problems.  These changes are aimed at better enabling students to learn how to use the "economic toolkit" to analyze their own daily decisions and understand the events and issues they are confronted with in the media and the ballot box.

       

      Parkin demonstrates how economic theory can be applied to explore a debate or question!  Each chapter includes a discussion of a critical issue of our time, to demonstrate how economic theory can be applied to explore a particular debate or question. News stories about today’s major economic events tie each chapter together, from new chapter-opening vignettes to end-of chapter problems and online practice.  Among the many issues covered are:

      * The gains from trade, globalization, and protectionism in Chapters 2 and 8 and an updated conversation with Jagdish Bhagwati in the first part closer.

      * How ethanol competes with food and drives its price up in Chapter 2.

      * Health care in Chapter 16

      * Climate change in Chapter 17

      * The carbon tax debate in Chapter 17

      * Increasing inequality in the United States and decreasing inequality across the nations in Chapter 18.

      * The Fed’s extraordinary actions and their impact on the balance sheets of banks in Chapter 25

      * Stubbornly high unemployment in Chapters 22, 27, and 29

      * Currency fluctuations and the pegged Chinese yuan in Chapter 26

      * Fiscal stimulus and the debate about the fiscal stimulus multipliers in Chapter 30

      * Monetary stimulus in Chapter 31 and the dangers of targeting unemployment in an updated conversation with Stephanie Schmitt-Grohé

      Instead of simply reporting the current events, Parkin's NEW "Economics in Action" feature applies the event to an economics lesson, so students see how economics plays a part in the world around them!  Economics in Action Boxes are located within the chapter to address current events and economic occurrences that highlight and amplify the topics covered in the chapter.  Some of the many issues covered in these boxes include the global market for crude oil, the structural unemployment in Michigan, how loanable funds fuel a home price bubble, and the size of the fiscal stimulus multipliers. 

       

      Is Relevance an Issue for your students

      Real-world examples and applications appear throughout each chapter and in the end-of-chapter problems and applications offering a diverse range of application from across the globe. Examples range from Minimum wage in Hong Kong to Inflation and unemployment in the Gulf.

      Would you like some help in Bringing Economic Concepts to life for your Students? 

      Economics in the News questions are assignable in MyEconLab®.Michael Parkin selects news stories daily to bring economic concepts to life for students. Thought-provoking questions accompany each featured story and are assignable in MyEconLab as homework, quizzes, or tests.

        

      Content Updates on the Micro side

      In addition to being thoroughly updated and revised to include the topics and features just described, the microeconomics chapters feature the following notable changes:

       

      • What Is EconomicsMichael Parkin explains by focusing on six key ideas, all illustrated with student-relevant choices!   In Chapter 1, Parkin has reworked the explanation of the economic way of thinking around six key ideas, all illustrated with student-relevant choices. The graphing appendix to this chapter has an increased focus on scatter diagrams and their interpretation and understanding shifts of curves.
      • Do your students understand the impact of consumer choices in a particular market? Parkin uses the dramatic changes in the market for recorded music to illustrate the theory in action.   In Chapter 8, Utility and Demand, Parkin has a revised explanation of the marginal utility model of consumer choice that now begins with the budget line and consumption possibilities. It then returns to the budget line to explain and illustrate the utility-maximizing rule—equalize the marginal utility per dollar for all goods. The dramatic changes in the market for recorded music illustrate the theory in action.
      • Do your Students find the analysis of the income effect and the substitution effect difficult?  Parkin makes it easier with a student-friendly application focus on movies and DVDs!  Possibilities, Preferences, and Choices (Chapter 9): Students find the analysis of the income effect and the substitution effect difficult and Parkin has reworked this material to make the explanation clearer. He omitted the work-leisure choice coverage of earlier editions and gave the chapter a student-friendly application focus on movies and DVDs.
      • Wouldn't You Rather have an Issues focus rather than a Technical focus on Externalities, Public Goods, and Common Resources?  Michael Parkin reorganized Externalities, Public Goods, and Common Resources to achieve an issues focus rather than a technical focus. Chapter 16 is about public provision of both public goods and mixed goods with positive externalities; and Chapter 17 is about overproduction of goods with negative externalities and common resources.
      • NEW!  Chapter 16 - Public Goods and Public Choices begins with an overview of public choice theory, a classification of goods and externalities, and an identification of the market failures that give rise to public choices. The chapter then goes on to explain the free-rider problem and the underprovision of public goods, the bureaucracy problem and overprovision, and the underprovision of mixed goods with external benefits illustrated by education and health care. The chapter explains how education and health care vouchers provide an effective way of achieving efficiency in the provision of these two vital services, a view reinforced in a box on Larry Kotlikoff’s health care plan and Caroline Hoxby’s part closer interview.
      • NEW! Economics and the Environment combined into one chapter to better enable their common solutions to be explained and emphasized:  Economics and the Environment (Chapter 17) is a new chapter that brings all the environmental damage issues together by combining material on negative externalities and common resources. Covering all this material in the same chapter (the previous editions split them between two chapters) enables their common solutions–property rights (Coase) or individual transferable quotas–to be explained and emphasized.
      • Do Your Students Understand Economic Inequality in the World Economy and how it might compare to the U.S. Economy?  In Chapter 19, Economic Inequality a section has been included on inequality in the world economy and compares the U.S. inequality with that in nations at the two extremes of equality and inequality. The new section also looks at the trend in global inequality. The discussion of the sources of inequality now includes an explanation of the superstar contest idea. This idea is used to explain Emmanuel Saez’s remarkable data on the income share of the top one percent of Americans.

       

      Content Updates on the Macro side:

      All the macro chapters have been updated to incorporate data through the second quarter of 2010 (later for some variables) and the news and policy situation through the fall of 2010. Beyond these general updates, the macro chapters feature the following notable changes:

       

      • Do Your Students Struggle Understanding How to Measure GDP and Economic Growth?  In Chapter 21, Measuring GDP and Economic Growth, Parkin makes the material clearer by revising the section on cross-country comparisons and the limitations of GDP to make the material clearer and added photo illustrations of PPP and items omitted from GDP.
      • Are Your Students Concerned About Unemployment and the Costs that will affect them Now and in the Future?  In Chapter 22, Monitoring Jobs and Inflation, a discussion and illustration of the alternative measures of unemployment reported by the BLS and the costs of different types of unemployment has now been included.   Michael Parkin revised the section on full employment and the influences on the natural unemployment rate and illustrated this discussion with a  box on structural unemployment in Michigan. The coverage of the price level has been expanded to define and explain the costs of deflation as well as inflation.
      • How Do  You Cover Economic Growth? In Chapter 23, Economic Growth, Parkin simplifies the material by omitting the technical details on growth accounting and replacing them with an intuitive discussion of the crucial role of human capital and intellectual property rights. He illustrates the role played by these key factors in Britain’s Industrial Revolution. He made the chapter more relevant and empirical by including a summary of the correlations between the growth rate and the positive and negative influences on it.
      • Parkin Explains the Fed's Extraordinary Injection of Monetary Base following the Financial Panic of 2008.  In Chapter 25, Money, the Price Level, and Inflation, Parkin records and explains the Fed’s extraordinary injection of monetary base following the financial panic of 2008. In revising this chapter, Parkin has redrawn the line between this, the ‘money and banking’ chapter, and a later ‘monetary policy’ chapter by including in this chapter a complete explanation with of how an open-market operation works. Parkin also provides a clearer and more thorough explanation of the money multiplier and money market equilibrium in the short and the long run and in the transition to the long run.
      • Do Your Students Understand How Arbitrage Works in the Foreign Exchange Market and the Risky Nature of Seeking to Profit from "Carry Trade"?  In Chapter 26, The Exchange Rate and the Balance of Payments, Parkin revised this chapter to better explain the distinction between the fundamentals and the role of expectations. He also included an explanation of how arbitrage works in the foreign exchange market and the temporary and risky nature of seeking to profit from the so-called “carry trade.”
      • Fiscal Policy Makes Daily Front Page News!  Do Your Students Understand the Deficit and What the Consequences Mean Behind Accumulating so Much Debt?  In Chapter 30, Fiscal Policy, the topic of this chapter is front-page news almost every day and is likely to remain so. The revision describes the deficit and accumulating debt and explains the consequences of the uncertainty they engender. An entirely new section examines the fiscal stimulus measures taken over the past year, channels through which stimulus works, its unwanted side-effects, its potentially limited power, and its shortcomings. The controversy about and range of views on the magnitude of fiscal stimulus multiplier is examined.
      • Are You looking for Help in Explaining the Dramatic Monetary Policy Responses to the 2008-2009 Recession and Persistent High Unemployment of 2010?  In Chapter 31, Monetary Policy, Parkin describes and explains the dramatic monetary policy responses to the 2008–2009 recession and the persistently high unemployment of 2010.It also contains an improved description of the FOMC’s decision-making process. Technical details about alternative monetary policy strategies have been replaced with a shorter and more focused discussion of inflation targeting as a tool for bringing clarity to monetary policy and anchoring inflation expectations.
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      Table of Contents

      Parkin, Economics, 10/e

      Brief Table of Contents

       

      1.    What is Economics

      2.    The Economic Problem

      3.    Demand and Supply

      4.    Elasticity

      5.    Efficiency and Equity

      6.    Government Actions in Markets

      7.    Global Markets in Action

      8.    Utility and Demand

      9.    Possibilities, Preferences, and Choices

      10.  Organizing Production

      11.  Output and Costs

      12.  Perfect Competition

      13.  Monopoly

      14.  Monopolistic Competition

      15.  Oligopoly

      16.  Public Choices and Public Goods

      17.  Economics of the Environment

      18.  Markets for Factors of Production

      19.  Economic Inequality

      20.  Uncertainty and Information

      21.  Measuring GDP and Economic Growth

      22.  Monitoring Jobs and Inflation

      23.  Economic Growth

      24.  Finance, Saving, and Investment

      25.  Money, the Price Level, and Inflation

      26.  The Exchange Rate and the Balance of Payments

      27.  Aggregate Supply and Aggregate Demand

      28.  Expenditure Multipliers: The Keynesian Model

      29.  U.S. Inflation, Unemployment, and Business Cycle

      30.  Fiscal Policy

      31.  Monetary Policy

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      Author

      Michael Parkin is Professor Emeritus in the Department of Economics at the University of Western Ontario, Canada. Professor Parkin has held faculty appointments at Brown University, the University of Manchester, the University of Essex, and Bond University. 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 and as managing editor of the Canadian Journal of Economics. Professor Parkin’s research on macroeconomics, monetary economics, and international economics has resulted in over 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 became most visible to the public with his work on inflation that discredited the use of wage and price controls. Michael Parkin also spearheaded the movement toward European monetary union. Professor Parkin is an experienced and dedicated teacher of introductory economics.

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