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Full Description
In recent years, innovative texts in mathematics, science, foreign languages, and other fields have achieved dramatic pedagogical gains by abandoning the traditional encyclopedic approach in favor of teaching a shorter list of core principles in depth. Two well-respected writers and researchers, Bob Frank and Ben Bernanke, have shown that the less-is-more approach affords similar gains in introductory economics. The authors introduce a coherent short list of core principles and reinforce them by illustrating and applying each in numerous contexts. Students are periodically asked to apply these principles and to answer related questions and exercises. The Brief editions were developed for instructors who appreciate core principles approach, and desire a more manageable amount of content and slightly less rigor. In the brief editions, the authors made careful choices of material to eliminate and condense, in order to produce of more concise coverage.
Contents
Part I Introduction Chapter 1Thinking Like an Economist Chapter 2Comparative Advantage Chapter 3Supply and Demand Part II Macroeconomics: Data and Issues Chapter 4Spending, Income and GDP Chapter 5Inflation and the Price Level Chapter 6Wages and Unemployment Part III The Economy in the Long Run Chapter 7Economic Growth Chapter 8Saving, Capital Formation, and Financial Markets Chapter 9Money, Prices, and the Financial System Part IV The Economy in the Short Run Chapter 10Short-Term Economic Fluctuations Chapter 11Spending, Output, and Fiscal Policy Chapter 12Monetary Policy and The Federal Reserve Chapter 13Aggregate Demand, Aggregate Supply, and Stabilization Policy Part V The International Economy Chapter 14Exchange Rates, International Trade, and Capital Flows
