About the book

• NEW! and EXPANDED! Emphasis on Behavioral Economics. The theory of bounded rationality forms the basis of behavioral economics. This theory is expanded upon in the introductory chapter, several macro chapters, and a number of micro chapters. More importantly, in keeping with the desire to show the applicability of theory, every single chapter in the 19th edition has a behavioral economics example.
• NEW! End-of-Chapter Problems. There are six to eight new problems at the end of each chapter, many of which are based on the interactive graphs within the chapter. They require students to apply their critical thinking skills learned from the chapter.
• NEW! An opening vignette about a serious application of each chapter’s theory with a continuing Issues & Applications feature at the end of every chapter is new to this edition.
• Learning Objectives accompany each major chapter section to help focus student reading comprehension and allow for self-assessment to ensure that students have grasped key concepts.
• NEW! A “grabber” Did You Know That feature starts off every chapter.
• NEW! A variety of examples are classified into three categories, and each has three references from which the information was obtained:
• Example
• Policy Example
• Behavioral Example
• International Example

• NEW! What If features are included in each chapter.
• NEW! You Are There features demonstrate to students how real people react to policy changes and changes in our economic environment.
• Domestic topics and events are presented through thought¿-provoking discussions.
• Important policy questions help students understand public debates.
• Global and international policy examples emphasize the continued importance of international perspectives and policy.
• Fundamental Points at the end of every chapter provide students with a quick rundown of the most salient concepts they must understand for each chapter, enhancing information retention.
• References and citations for all in-¿text examples are provided for further exploration by instructors and students.
• Critical Analysis questions and Web Resources provide further opportunities for discussion and exploration. Suggested answers for Critical Analysis questions are in the Instructor’s Manual.
• An Instructor’s Manual contains additional practice and assignable questions for each chapter topic, to further student understanding of the content.
• The End¿-of-¿Chapter Summary shows students what they need to know and where to go in MyLab™ Economics for more practice.
• Self Checks encourage student interaction and provide an opportunity for them to check their understanding before moving on.

About the book

• Emphasis on Behavioral Economics. The theory of bounded rationality forms the basis of behavioral economics. This theory is expanded upon in the introductory chapter, several macro chapters, and a number of micro chapters. More importantly, in keeping with the desire to show the applicability of theory, every single chapter in the 19th edition has a behavioral economics example.
• End-of-Chapter Problems. There are six to eight new problems at the end of each chapter, many of which are based on the interactive graphs within the chapter. They require students to apply their critical thinking skills learned from the chapter.
• An opening vignette about a serious application of each chapter’s theory with a continuing Issues & Applications feature at the end of every chapter is new to this edition.
• A “grabber” Did You Know That feature starts off every chapter.
• A variety of examples are classified into three categories, and each has three references from which the information was obtained:
• Example
• Policy Example
• Behavioral Example
• International Example

• What If features are included in each chapter.
• You Are There features demonstrate to students how real people react to policy changes and changes in our economic environment.