The 14th edition of Basic Economics has been thoroughly revised to improve readability and student understanding. Numerous pedagogical features are included for this purpose.
- Each chapter begins with learning objectives that identify important topics covered within the chapter.
- Key terms are boldfaced to indicate their importance.
- Key terms and their definitions appear in the margins as well as in the glossary at the end of the book.
- Graphs have been simplified to improve clarity.
- Each chapter includes a reference to at least one Web site that contains additional information on
specific chapter topics.
- Chapters conclude with a summary, a list of new terms and concepts, and review questions suitable for
a classroom discussion.
- A guide to economic applications is found at each chapter’s end
Chapter 1 The Nature and Scope of Economics
Chapter 2 Scacity and Choice
Chapter 3 The U.S. Economic System
Chapter 4 Price: The Role of Demand and Supply
Chapter 5 Production, Cost, and Profit
Chapter 6 Perfect Competition
Chapter 7 Imperfect Competition
Chapter 8 The Circular-Flow Model
Chapter 9 Measuring Output and Income in the United States
Chapter 10 Money in the U.S. Economy
Etc.