Microeconomics: Canada in the Global Environment, 11th edition

  • Michael Parkin
  • Robin Bade

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Overview

MyLab Economics helps students master key concepts and improve results.  Used by more Canadian students and instructors than any other platform, this online homework, tutorial, and assessment program is directly tied to the learning outcomes of the Parkin program. Leveraging MyLab Economics promotes active learning, gives instructors valuable insight into course dynamics and empowers students to learn how, when and where they want.   

Highlights of this Fully Integrated Learning Program:

  • Making Economics Real. The student needs to see economics as a lens that sharpens the focus on real-world issues and events, and not as a series of logical exercises with no real purpose. Economics in the News and At Issue are designed to achieve this goal. Each chapter opens with a photograph and a student-friendly vignette that raises a question to motivate and focus the chapter. The chapter explains the principles, or model, that address the question and ends with an Economics in the News application that helps students to think like economists by connecting chapter tools and concepts to the world around them. All these news exercises are in MyLab with instant targeted feedback and auto-grading and constant uploading of new, current news exercises.
  • Learning the Vocabulary. Learning the vocabulary isn’t exciting, but it is the vital first step to every discipline and it needs to be effective and quick. Highlighted key terms simplify this task. Each key term is defined in the sentence in which it is highlighted and appears in an end-of-chapter list and the end-of-book glossary (with its page number); boldfaced in the index; and in MyLab Economics in a Flash Card tool and an auto graded Key Terms Quiz with student feedback.
  • Learning Interactively - Learning by Doing. At the end of every chapter section, a Review Quiz invites the student to rework the section with questions that cover the key ideas. A parallel set of questions in MyLab Study Plan enable the student to work the questions and get instant targeted feedback. As part of the chapter review, the student has an opportunity to work a multi-part problem called Worked Problem that covers the core content of the chapter and consists of questions, solutions, key points, and a key figure. This feature increases the incentive for the student to learn-by-doing and review the chapter actively, rather than passively.
  • MyLab Gradebook. Offers an easy way for students and instructors to view course performance. Item Analysis allows instructors to quickly see trends by analyzing details like the number of students who answered correctly/incorrectly, time on task, and median time spend on a question by question basis. And because it’s correlated with the AACSB Standards, instructors can track students’ progress toward outcomes that the organization has deemed important in preparing students to be leaders.
  • Pearson eText. Pearson eText gives learners access to their textbook anytime, anywhere, and on any device. In addition to search features, notetaking, highlighting, and bookmarking, your Pearson eText offers interactive and sharing features, such as glossary flashcards and interactive graphs. Instructors can share comments or highlights, and students can add their own to create a community of learners within any class.
  • Dynamic Study Modules. Help students study chapter topics effectively on their own by continuously assessing their knowledge application and performance in real time. These are available as prebuilt assignments, and are accessible on smartphones, tablets, and computers.

Hallmark Learning Features

  • EconEye. EconEye is the blog companion of the Parkin-Bade textbook series. On this blog, we provide an Internet community for students learning the principles of economics. The unifying theme of our blog is supporting students. We take the models and information from our textbook series and analyze something going on in the world, usually in the form of a news article. The aim is to help our readers understand the world through the lens of timeless economic models.
  • Showing the Action and Telling the Story. Through the past ten editions, this book has set the standard of clarity in its diagrams; the eleventh edition continues to uphold this tradition. Our goal is to show “where the economic action is.” The diagrams in this book continue to generate an enormously positive response, which confirms our view that graphical analysis is the most powerful tool available for teaching and learning economics at the principles level. The diagrams feature:
    • Axes that measure and display concrete real-world data, and where possible and relevant, the most recent data
    • Graphs paired with data tables from which curves are plotted
    • Original curves consistently shown in blue
    • Shifted curves, equilibrium points, and other important features highlighted in red
    • Colour-blended arrows to indicate movement
    • Diagrams labelled with boxed notes that tell the story
    • Extended captions that make each diagram and its caption a self-contained object for study and review

Table of contents

Chapter 1 What Is Economics?

Chapter 2 The Economic Problem

Chapter 3 Demand and Supply

Chapter 4 Elasticity

Chapter 5 Efficiency and Equity

Chapter 6 Government Actions in Markets

Chapter 7 Global Markets in Action

Chapter 8 Utility and Demand

Chapter 9 Possibilities, Preferences, and Choices

Chapter 10 Output and Costs

Chapter 11 Perfect Competition

Chapter 12 Monopoly

Chapter 13 Monopolistic Competition

Chapter 14 Oligopoly

Chapter 15 Externalities

Chapter 16 Public Goods and Common Resources

Chapter 17 Markets for Factors of Production

Chapter 18 Economic Inequality

Published by Pearson Canada (January 12th 2021) - Copyright © 2022