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Designed for the one-term introductory economics course for non-majors, Boyes's FUNDAMENTALS OF ECONOMICS, Fifth Edition, engages students with business decisions of actual, headline-making companies and discusses the economic policies of today's world leaders. The Fifth Edition has been thoroughly updated to reflect the current economic condition in the US and the world, and reflects recent events in the Obama administration, especially in regard to healthcare. The supportive pedagogical framework that guides students through each chapter includes Fundamental Questions, which open and organize the chapter by focusing on three to six key issues, and which then reappear both at point of relevance in the margins and in the end-of-chapter Summary sections; Now You Try It checkpoint questions that quiz students on important concepts, with answers provided at the back of the book; Recaps at the end of each major section to break material into manageable segments; and end-of-chapter exercises that serve as self-checks for students and as homework assignment options for instructors. A built-in study guide follows each chapter, and provides a more intensive review opportunity for students, with answers provided in an appendix. Most chapters contain four pages of study material consisting of key term match-ups, multiple-choice quizzes, and practice questions and problems. A final section of application problems gives students an opportunity to analyze and synthesize what they have learned.
Table of Contents
The Price System
Economics and the World Around You
Appendix to Chapter 1: Working with Graphs
Markets and the Market Process
Applications of Demand and Supply
Consumers, Firms, And Social Issues
The Firm and the Consumer
Costs and Profit Maximization
Business, Society, and the Government
The National And Global Economies
An Overview of the National and International Economies
Unemployment, Inflation, and Business Cycles
Macroeconomic Equilibrium: Aggregate Demand and Supply
Money and Banking
Macroeconomic Policy, Business Cycles, and Growth
Issues in International Trade and Finance
Table of Contents provided by Publisher. All Rights Reserved.