Overview

Ever wonder why colleges use GPAs, ACTs, and SATs for purposes of admission, or how supply and demand play out on a freeway, or what price has to do with being late to class, or how you might end up paying for good weather? ECONOMICS, 13E answers these questions and many more as this book opens up the world of economic analysis. This edition offers more detailed coverage of how economists build theories to explain everyday life than any other principles of economics text on the market. Memorable examples from pop culture illustrate the unexpected places economics occur and show you how economic forces link to every day events. This edition offers complete video assets to assist you in learning economics. There are short video lectures to assist you with key economic concepts and theories. In addition, Video Office Hours (longer video lectures) is a digital video asset that answers questions that students often have for their instructors during office hours. There are also videos assets ' such as What's Wrong with this Diagram? 'Working with Diagrams' and 'Progression Graphs' that assist you in learning and working with all the diagrams that are in an economics principles course. A new Adaptive Test Prep available on MindTap Enables you to assess your personal economic understanding. Powerful digital resources, including Aplia and MindTap, work with the book's latest content to reflect today's changing economy and equip you with a thorough understanding of contemporary microeconomics.

Full Product Details

Author:   Roger A. Arnold (California State University, San Marcos) ,  Daniel Arnold (Brown University) ,  David Arnold (University of California - San Diego)
Publisher:   Cengage Learning, Inc
Imprint:   South-Western College Publishing
Edition:   15th edition
ISBN:  

9798214054841

Pages:   592
Publication Date:   03 April 2026
Audience:   College/higher education ,  Tertiary & Higher Education
Format:   Paperback
Publisher's Status:   Active
Availability:   In Print  
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Table of Contents

An Introduction to Economics. Part I: ECONOMICS: THE SCIENCE OF SCARCITY. 1. What Economics Is About. Appendix A: Working with Diagrams. Appendix B: Should You Major in Economics? 2. Production Possibilities Frontier Framework. 3. Supply and Demand: Theory. 4. Prices: Free, Controlled, and Relative. 5. Supply, Demand, and Price: Applications. Microeconomics. Part II: MICROECONOMIC FUNDAMENTALS. 6. Elasticity. 7. Consumer Choice: Maximizing Utility and Behavioral Economics. Appendix C: Budget Constraint and Indifference Curve Analysis. 8. Production and Costs. Part III: PRODUCT MARKETS AND POLICIES. 9. Perfect Competition. 10. Monopoly. 11. Monopolistic Competition, Oligopoly, and Game Theory. 12. Government and Product Markets: Antitrust and Regulation. Part IV: FACTOR MARKETS AND RELATED ISSUES. 13. Factor Markets: With Emphasis on the Labor Market. 14. Wages, Unions, and Labor. 15. The Distribution of Income and Poverty. 16. Interest, Rent, and Profit. Part V: HEALTH ECONOMICS. 17. Health Economics: Experiments, Disparities, and Prices. Part VI: MARKET FAILURE, PUBLIC CHOICE, AND SPECIAL-INTEREST-GROUP POLITICS. 18. Market Failure: Externalities, Public Goods, and Asymmetric Information. 19. Public Choice and Special-Interest-Group Politics. 20. Creative Destruction and Crony Capitalism: Two Forces on the Economic Landscape Today. Part VII: ECONOMIC THEORIES AND RESEARCH. 21. New Frontiers in Economic Research: Causal Inference and Machine Learning. Part VIII: INTERNATIONAL TRADE AND FINANCE. 22. International Trade. 23. International Finance.

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Author Information

Dr. Roger Arnold is at California State University San Marcos, where his fields of specialization are general microeconomic theory and monetary theory. Dr. Arnold earned his BS in economics from the University of Birmingham in England. He received his Ph.D. in economics from Virginia Tech. Dr. Daniel Arnold is a research scientist in the School of Public Health at Brown University, where his field of specialization is health economics. He received his BA in economics and mathematics from Cornell University. He received his Ph.D. in economics from the University of California Santa Barbara. Dr. David Arnold is at University of California San Diego, where his fields of specialization are labor economics, imperfect competition and discrimination. He received his BA in economics from the University of California Berkeley. He received his Ph.D. in economics from Princeton University.

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