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Principles of Economics, 13th edition

  • Karl E. Case
  • Ray C. Fair
  • Sharon E. Oster

Overview

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For two-semester courses in the principles of economics.

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An introduction to the functioning of the economy and the power and breadth of economics

Reviewers tell us that Case/Fair/Oster is one of the all-time bestselling principles of economics texts because they trust it to be clear, thorough, and complete. Readers of Principles of Economics, 13th Edition come away with a basic understanding of how market economies function, an appreciation for the things they do well, and a sense of things they do poorly. With the latest research and added exercises, students begin to learn the art and science of economic thinking and start to look at some policy, and even personal decisions, in a different way.

 

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Table of contents

PART I: INTRODUCTION TO ECONOMICS 

1. The Scope and Method of Economics 

2. The Economic Problem: Scarcity and Choice 

3. Demand, Supply, and Market Equilibrium 

4. Demand and Supply Applications 

5. Elasticity 

 

PART II: THE MARKET SYSTEM 

6. Household Behavior and Consumer Choice 

7. The Production Process: The Behavior of Profit-Maximizing Firms 

8. Short-Run Costs and Output Decisions 

9. Long-Run Costs and Output Decisions 

10. Input Demand: The Labor and Land Markets 

11. Input Demand: The Capital Market and the Investment Decision 

12. General Equilibrium and the Efficiency of Perfect Competition 

 

PART III: MARKET IMPERFECTIONS AND THE ROLE OF GOVERNMENT 

13. Monopoly and Antitrust Policy 

14. Oligopoly 

15. Monopolistic Competition 

16. Externalities, Public Goods, and Common Resources 

17. Uncertainty and Asymmetric Information 

18. Income Distribution and Poverty 

19. Public Finance: The Economics of Taxation 

 

PART IV: CONCEPTS AND PROBLEMS IN MACROECONOMICS 

20. Introduction to Macroeconomics 

21. Measuring National Output and National Income 

22. Unemployment, Inflation, and Long-Run Growth 

 

PART V: THE CORE OF MACROECONOMIC THEORY 

23. Aggregate Expenditure and Equilibrium Output 

24. The Government and Fiscal Policy 

25. Money, the Federal Reserve, and the Interest Rate 

26. The Determination of Aggregate Output, the Price Level, and the Interest Rate 

27. Policy Effects and Cost Shocks in the AS/AD Model 

28. The Labor Market in the Macroeconomy 

 

PART VI: FURTHER MACROECONOMICS ISSUES 

29. Financial Crises, Stabilization, and Deficits 

30. Household and Firm Behavior in the Macroeconomy: A Further Look 

31. Long-Run Growth 

32. Alternative Views in Macroeconomics 

 

PART VII: THE WORLD ECONOMY 

33. International Trade, Comparative Advantage, and Protectionism 

34. Open-Economy Macroeconomics: The Balance of Payments and Exchange Rates 

35. Economic Growth in Developing Economies 

 

PART VIII: METHODOLOGY 

36. Critical Thinking about Research 

Published by Pearson (May 8th 2019) - Copyright © 2020