Principles of Economics, Global Edition, 14th edition

Published by Pearson (December 16, 2025) © 2026

  • Karl E. Case Wellesley College
  • Ray C. Fair Yale University
  • Sharon E. Oster Yale University
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Products list
$54.54 NZD
Instant access

Access details

  • Instant access once purchased
  • Offline access via app
Products list
$54.54 NZD
Instant access

Access details

  • Instant access once purchased
  • Offline access via app

Title overview

For principles of economics courses.

All-time best-selling principles of economics title.

Principles of Economics is trusted for its clear, thorough and complete coverage of how market economies function. Covering both macro- and microeconomics perspectives, it balances economic theory, institutional material and real-world examples, with emphasis on the art and science of economic thinking.

The 14th Edition features streamlined chapters, revised problems and all-new macro data. It adds 23 new Economics in Practice boxes with recent research and analysis.

Table of contents

  • PART 1: INTRODUCTION TO ECONOMICS
  • The Scope and Method of Economics
  • The Economic Problem: Scarcity and Choice
  • Demand, Supply, and Market Equilibrium
  • Demand and Supply Applications
  • Elasticity
  • PART 2: THE MARKET SYSTEM
  • Household Behaviour and Consumer Choice
  • The Production Process: The Behaviour of Profit-Maximising Firms
  • Short-Run Costs and Output Decisions
  • Long-Run Costs and Output Decisions
  • Input Demand: The Labor and Land Markets
  • Input Demand: The Capital Market and the Investment Decision
  • General Equilibrium and the Efficiency of Perfect Competition
  • PART 3: MARKET IMPERFECTIONS AND THE ROLE OF GOVERNMENT
  • Monopoly and Antitrust Policy
  • Oligopoly
  • Monopolistic Competition
  • Externalities, Public Goods, and Common Resources
  • Uncertainty and Asymmetric Information
  • Income Distribution and Poverty
  • Public Finance: The Economics of Taxation
  • PART 4: CONCEPTS AND PROBLEMS IN MACROECONOMICS
  • Introduction to Macroeconomics
  • Measuring National Output and National Income
  • Unemployment, Inflation, and Long-Run Growth
  • PART 5: THE CORE OF MACROECONOMIC THEORY
  • Aggregate Expenditure and Equilibrium Output
  • The Government and Fiscal Policy
  • Money, the Federal Reserve, and the Interest Rate
  • The Determination of Aggregate Output, the Price Level, and the Interest Rate
  • Policy Effects and Cost Shocks in the AS/AD Model
  • The Labor Market in the Macroeconomy
  • PART 6: FURTHER MACROECONOMICS ISSUES
  • Financial Crises, Stabilization, and Deficits
  • Household and Firm Behaviour in the Macroeconomy: A Further Look
  • Long-Run Growth
  • Alternative Views in Macroeconomics
  • PART 7: THE WORLD ECONOMY
  • International Trade, Comparative Advantage, and Protectionism
  • Open-Economy Macroeconomics: The Balance of Payments and Exchange Rates
  • Economic Growth in Developing Economies
  • PART 8: METHODOLOGY
  • Critical Thinking about Research

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