Principles of Economics A Streamlined Approach ISE

PART 1: Introduction 
1. Thinking Like an Economist 
2. Supply and Demand 
PART 2: Competition and the Invisible Hand
3. Demand and Elasticity 
4. Perfectly Competitive Supply 
5. Efficiency, Exchange, and the Invisible Hand in Action 
PART 3: Market Imperfections
6. Monopoly, Oligopoly, and Monopolistic Competition 
7. Games and Strategic Behavior 
8. An Introduction to Behavioral Economics 
9. Externalities and Property Rights 
PART 4: Economics of Public Policy
10. Using Economics to Make Better Policy Choices 
PART 5: International Trade
11. International Trade and Trade Policy 
PART 6: Macroeconomics: Issues and Data
12. Macroeconomics: The Bird’s-Eye View of the Economy 
13. Measuring Economic Activity: GDP, Unemployment, and Inflation 
PART 7: The Economy in the Long Run
14. Economic Growth, Productivity, and Living Standards 
15. The Labor Market: Workers, Wages, and Unemployment 
16. Saving and Capital Formation 
17. Money, the Federal Reserve, and Global Financial Markets 
PART 8: The Economy in the Short Run
18. Short-Term Economic Fluctuations and Fiscal Policy 
19. Stabilizing the Economy: The Role of the Fed 
20. Aggregate Demand, Aggregate Supply, and Inflation 
PART 9: The International Economy
21. Exchange Rates and the Open Economy 

Principles of Economics: A Streamlined Approach seeks to promote a deeper understanding of economics by focusing on core concepts to produce economic naturalists through active learning. By eliminating overwhelming detail and focusing on core principles, students from all backgrounds are able to grasp a deeper understanding of economics. Instead of quantitative detail, the focus is on helping students become “economic naturalists,” people who employ basic economic principles to understand and explain the world around them. COVID-19 pandemic content, analysis, and examples further engage students. 

Fewer themes, less math rigor, and a new suite of video resources allow instructors the flexibility to teach the course they want to teach, whether it’s adopting a flipped classroom format, administering a course online, or just bringing more engaging, digital content into their lectures. Students benefit from more repetition of basic concepts and support through the interactive resources in Connect, resulting in a greater mastery and retention of core economic ideas.

With new videos and engagement tools in Connect, like Application-Based Activities, alongside SmartBook's adaptive reading experience, the 4th edition enables instructors to spend class time engaging, facilitating, and answering questions instead of lecturing on the basics. Connect is the only integrated learning system that empowers students by continuously adapting to deliver precisely what they need, when they need it, and how they need it, so that your class time is more engaging and effective.