This document summarizes the 14th edition of the economics textbook "Economics" by Michael Parkin. The summary highlights that the textbook gets students to think like economists by incorporating current policy issues, data, and discussions on global topics. It emphasizes real-world applications and critical thinking skills. It also features chapters examining the economic effects of COVID-19 and updates chapters with the latest economic data.
This document summarizes the 14th edition of the economics textbook "Economics" by Michael Parkin. The summary highlights that the textbook gets students to think like economists by incorporating current policy issues, data, and discussions on global topics. It emphasizes real-world applications and critical thinking skills. It also features chapters examining the economic effects of COVID-19 and updates chapters with the latest economic data.
This document summarizes the 14th edition of the economics textbook "Economics" by Michael Parkin. The summary highlights that the textbook gets students to think like economists by incorporating current policy issues, data, and discussions on global topics. It emphasizes real-world applications and critical thinking skills. It also features chapters examining the economic effects of COVID-19 and updates chapters with the latest economic data.
This document summarizes the 14th edition of the economics textbook "Economics" by Michael Parkin. The summary highlights that the textbook gets students to think like economists by incorporating current policy issues, data, and discussions on global topics. It emphasizes real-world applications and critical thinking skills. It also features chapters examining the economic effects of COVID-19 and updates chapters with the latest economic data.
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. LEARN MORE ABOUT THIS TITLE
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).