Steve Slavin’s lively and comprehensive student-friendly step-by-step approach, coupled with its low price and built-in Study Guide are very attractive to adopters. Instructors and students like the author’s humorous anecdotes, direct language, and easy conversational style. The text encourages active learning.
With the help of over 15 reviewers, this new edition is not only more streamlined (33 chapters, instead of 35) and up-to-date, it also introduces global perspectives to many discussions early on and throughout the text. The author discusses the impact of technology and e-business on the recent economic expansion. A new interior design reflects the contemporary flavor that this traditional text possesses.
Questions answered: The author has revised and increased the number of Questions for Further Thought and Discussion at the end of each chapter. He has provided answers to these questions in the improved Instructor's Manual.
Graphs explained: Explanatory captions have been added to more than two-thirds of the graphs in the text.
Supplement package heavily revised by two long-time users.
The Test Bank (coauthor Jim Watson, Jefferson College) contains over 8,500 questions, including 2,500 new and revised questions, 22% more than in 5e.
The Instructor's Manual (coauthor Mark Maier, Glendale Community College) contains new sections with print and web resources, teaching ideas for lectures and collaborative group learning exercises.
Chapter on the Export-Import Factor. Chapter 8 will introduce the basis for international trade, U.S. imports and exports, a summing up of C+I+G+Xn, the world's trading nations, world trade agreements, and free-trade zones. Many reviewers wanted to see more non-technical international material near the beginning of the text. With this new organization, students get a better foothold on the fundamentals before moving on to the more complex coverage in Chapters 32 and 33.
Chapter 16, "Economic Growth and Productivity" is greatly revised. From the mid-1970s to the mid-1990s, productivity growth had slowed, and in previous editions, this chapter discussed why that was happening. Now that productivity growth has picked up, the chapter discusses the upsurge and is more optimistic in its outlook. This change keeps the coverage very current.
Chapters reorganized and streamlined.
Chapters 3 and 17 have been combined into a single supply and demand chapter and placed where Chapter 3 is now. Chapter 3 now contains sections on reading supply and demand curves. The new Chapter 17 concentrates on drawing supply and demand curves.
New Chapter 17 now contains a combination of Chapters 17, 18, and 20 from the previous edition and is titled Demand, Supply and Equilibrium.
Chapter 18 (The Elasticities of Demand and Supply), Chapter 20 (Cost), and Chapter 21 (Profit Maximization) are new chapters, based on material from Chapters 18, 20, 21, and 22 of the fifth edition.
Slavin's low price continues to make it one of the best values on the market. It's approximately $25 less than other principles texts.
The built-in study guide has perforated pages that students can tear out and hand in to the instructor. Students don't need to purchase an additional expensive supplement; they can write in the exercises at the end of each chapter.
The author's humorous writing style and historical approach to economics is a hit with students, who might otherwise find the subject dry or intimidating. Steve Slavin is an experienced and respected author-- in addition to over 30 years experience teaching the principles course, he has written 11 other math and economics books.
Dozens of self-help boxes anticipate and answer frequently asked questions.
The book reviews math that students should have learned in middle school. The better prepared students can skip this material, but this review enables students to start on a level playing field.
Many advanced work boxes provide more challenging material, giving adventurous student an opportunity to learn and master difficult material. This optional material can easily be skipped.
Customize this book through Primis Online! This title is tentatively planned to be part of the Primis Online Database: www.mhhe.com/primis/online. Professors can customize this book to meet their exact needs and mix and match with other items on Primis Online--allowing them maximum flexibility. Instructors can choose between two delivery formats: custom printed books (in black and white) or custom eBooks (in color).
An International Icon alerts the reader throughout the text to global perspectives found in the discussion at hand.
Table of Contents
1 A BRIEF ECONOMIC HISTORY OF THE UNITED STATES
2 RESOURCE UTILIZATION
APPENDIX: THE LAW OF INCREASING COSTS
3 SUPPLY AND DEMAND
4 THE MIXED ECONOMY
5 THE HOUSEHOLD-CONSUMPTION SECTOR
6 THE BUSINESS-INVESTMENT SECTOR
7 THE GOVERNMENT SECTOR
8 THE EXPORT-IMPORT SECTOR
9 GROSS DOMESTIC PRODUCT
10 ECONOMIC FLUCTUATIONS, UNEMPLOYMENT, AND INFLATION
11 CLASSICAL AND KEYNESIAN ECONOMICS
12 FISCAL POLICY AND THE NATIONAL DEBT
APPENDIX: THE FULL-EMPLOYMENT BUDGET AND THE CROWDING-OUT AND CROWDING-IN EFFECTS
13 MONEY AND BANKING
14 THE FEDERAL RESERVE AND MONETARY POLICY
15 TWENTIETH-CENTURY ECONOMIC POLICY
APPENDIX A: THE GREAT MONEY DEBATE: THE KEYNESIANS VERSUS THE MONETARISTS
APPENDIX B: A GUIDE TO MACROPOLICY
16 ECONOMIC GROWTH AND PRODUCTIVITY
17 DEMAND, SUPPLY, AND EQUILIBRIUM
18 THE ELASTICITIES OF DEMAND AND SUPPLY
19 THEORY OF CONSUMER BEHAVIOR
21 PROFIT MAXIMIZATION
22 PERFECT COMPETITION
24 MONOPOLISTIC COMPETITION
APPENDIX: THE FOUR TYPES OF COMPETITION: A REVIEW
26 CORPORATE MERGERS AND ANTITRUST
27 DEMAND IN THE FACTOR MARKET
28 LABOR UNIONS
29 LABOR MARKETS AND WAGE RATES
30 RENT, INTEREST, AND PROFIT
31 INCOME DISTRIBUTION AND POVERTY
32 INTERNATIONAL TRADE
33 INTERNATIONAL FINANCE
Powerpoint Presentations to accompany Economics ISBN: 0072409118 Author(s): SLAVIN
Teaching Transparencies to accompany Economics ISBN: 007240910X Author(s): SLAVIN
Instructor's Manual to accompany Economics ISBN: 0072409096 Author(s): SLAVIN
Microeconomics Computerized Test Bank for Windows ISBN: 0072409088 Author(s): SLAVIN
Microeconomics Test Bank ISBN: 007240907X Author(s): SLAVIN
Macroeconomics Computerized Test Bank for Windows ISBN: 0072409061 Author(s): SLAVIN
Macroeconomics Test Bank ISBN: 0072409053 Author(s): SLAVIN