Parkin Economics 14E

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Economics, 14th Edition

Michael Parkin,
Emeritus of University of Western Ontario

Economics gets students to think like economists


by incorporating the latest policy, data and discussions
on important global issues.

The 14th Edition emphasizes real-world applications,


the development of critical-thinking skills, diagrams
renowned for their pedagogy and clarity, and path-
breaking technology. Hallmark features in the chapter
openings and endings encourage students to think
critically about a news article relating to the issue,
demonstrating how thinking like an economist can bring
a clearer perspective to, and deeper understanding
of, today’s events.
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New and updated features


» Chapter 1 has a new section on the under-representation of women
and minorities in economics.

» 6 chapters examine COVID-19, including its effects on the production


possibilities frontier (Ch. 2) and on the hand sanitizer market (Ch. 3),
Hallmark features
and movie streaming during the pandemic (Ch. 8).
» Economics in Action and Economics in the News
» Discussions look at a proposed $15 minimum wage (Ch. 6), the effects
boxes have students link models and chapter tools
of a tax on sugary drinks (Ch. 9), and Amazon’s distribution center
to the economic world around them.
decisions (Ch. 11).
» Interviews with Economists feature leading
» All chapters have been updated to include the latest data
economists from diverse backgrounds who share
on the labor market and price indexes (Ch. 22), economic growth
what inspired them to pursue a career in economics.
(Ch. 23), interest rates and loanable funds (Ch. 24), and the exchange
rate and balance of payments (Ch. 26). » Worked Problems, consisting of questions,
solutions and key figures, help students
» 8 chapters analyze news reports about the macro effects
to learn-by-doing and actively, rather than passively,
of COVID-19 and the policy responses it triggered. These include
review the chapter content.
measuring unemployment (Ch. 22), inventories in the Covid recession
(Ch. 28), and post-Covid inflation fears (Ch. 29). » In-Text Review Quizzes reinforce major concepts
and test students’ knowledge of the topics
» Other changes include an explanation of the Fed’s new operating
just discussed.
procedures, the growth of ‘fintec’ in financial markets (Ch. 24),
and currency manipulation (Ch. 26).

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