Economics, 9th Edition

  • Roger A. Arnold California State University, San Marcos
  • ISBN-10: 0324595425
  • ISBN-13: 9780324595420
  • 864 Pages Hardcover 
  • Previous Editions: 2008, 2005, 2004
  • © 2010 | Published
  • College Bookstore Wholesale Price = $203.25 
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About The Solution

Overview

Let Roger Arnold's ECONOMICS be your partner for success. With innovative new pedagogical features, increased coverage of globalization, easy customization, and fully integrated digital and course management options, ECONOMICS is the perfect solution for any classroom. Packed with intriguing pop culture examples, the text bolsters student interest by illustrating the unexpected places economics occurs, and how economic forces link events to our lives. The ninth edition is integrated with powerful resources, such as Aplia and the Tomlinson videos, which enable instructors to teach what they want, how they want. These resources also provide unsurpassed planning and management tools, like homework that is automatically assigned, graded, and recorded online. With new content reflecting a changing economy, and new resources addressing the needs of a changing classroom, ECONOMICS 9e is an ideal text for Principles courses.


Additional Product Information

Features/Benefits

  • Macro & Micro Themes: Framing all the content around two key themes helps readers see how macro/micro themes and policies are interconnected. Macroeconomics is organized into Understanding Price Level and GDP, Economics Stability vs. Instability, and Policy Efficacy. Micro themes are Objectives of the Individual or Firm, Constraints on the Individual or Firm, and Making Choices Considering Objectives and Constraints.
  • Economics 24/7: Illustrating the practical relevance of key concepts, this feature explores anything that can be explained through economic analysis. For example: Is economics at work in the plastic surgeon's office? How do natural disasters affect the economy? How does the law of demand work for iPods? What economics concepts are illustrated in the ABC series, "Lost?" Which is better, a tax rebate or a tax bonus? Economics 24/7 trains readers to look for economic forces at work--and understand the principles behind them.
  • Enhanced Presentation Options: For greater flexibility, the ninth edition offers a choice of Enhanced PowerPoint slides, traditional lecture outline slides, or exhibit-only slides. The Enhanced PowerPoint slides have more sophisticated graphics and features, and include hotlinks to both Cengage's online graphing workshop and key economic data on the Internet. Additionally, JoinIn on Turning Point integrates the interactivity of today's "keypad" technology into instructors' lectures.
  • Virtually Endless Customization Choices: Chapters can be re-arranged, online chapters can be customized in print, and instructors can add any topic, including their own research and notes, or specialized topics pulled from the Cengage Economics Issues database. Aplia customization is fully integrated, giving students hands-on application opportunities without adding to instructors' workloads.
  • Time-Saving Tomlinson Videos: High-impact and highly interactive, these lecture segments offer a unique resource for enhancing economic topics and providing remediation. The videos thoroughly review basic concepts, freeing up class time for lecture, discussion, and more advanced topics. They also reduce the amount of time instructors spend addressing student questions outside class.

What's New

  • Office Hours--This feature seeks to emulate the kinds of questions students bring to Economics instructors after class. Office Hours explores key concepts such as how the money supply works; the purpose of the PPF; marginal revenue and marginal costs; and the purpose of the AD/AS framework.
  • Enhanced "Thinking Like an Economist"--This classic ECONOMICS feature now rotates through the narrative along with two new features: Finding Economics and Common Misconceptions. Finding Economics illustrates the economics around us, such as how a technological advance in farming may end up resulting in more attorneys, accountants, or teachers. Common Misconceptions illuminates murky questions like whether one person's profit is another person's loss, and whether the wealthy really pay a lower percentage of taxes than others.
  • Enhanced Globalization Coverage--this chapter has been significantly expanded, revised and updated. It now offers a total picture of how globalization affects the U.S., and how economies interact throughout the world.

Table of Contents

Part I. ECONOMICS: THE SCIENCE OF SCARCITY.
1. What Economics is About.
Appendix A. Working with Diagrams.
2. Economic Activities: Producing and Trading.
3. Supply and Demand: Theory.
4. Supply and Demand: Practice Macroeconomics.
Part II. MACROECONOMIC FUNDAMENTALS.
5. Macroeconomic Measurements, Part I: Prices and Unemployment.
6. Macroeconomic Measurements, Part II: GDP and Real GDP.
Part III. MACROECONOMIC STABILITY, INSTABILITY, AND FISCAL POLICY.
7. Aggregate Demand and Aggregate Supply.
8. The Self-Regulating Economy.
9. Economic Instability: A Critique of the Self-Regulating Economy.
10. The Federal Budget and Fiscal Policy.
Part IV. MONEY, THE ECONOMY AND MONETARY POLICY.
11. Money and Banking.
12. The Federal Reserve System.
13. Money and the Economy.
14. Monetary Policy.
Part V. EXPECTATIONS AND GROWTH.
15. Expectations Theory and the Economy.
16. Economic Growth Microeconomics.
Part VI. MICROECONOMIC FUNDAMENTALS.
17. Elasticity.
18. Consumer Choice: Maximizing Utility and Behavioral Economics.
Appendix B. Budget Constraint Analysis and Indifference Curve Analysis.
19. Production and Costs.
Part VII. PRODUCT MARKETS AND POLICIES.
20. Perfect Competition.
21. Monopoly.
22. Monopolistic Competition, Oligopoly, and Game Theory.
23. Government and Product Markets: Antitrust and Regulation.
Part VIII. FACTOR MARKETS AND RELATED ISSUES.
24. Factor Markets With Emphasis on the Labor Market.
25. Wages, Unions, and Labor.
26. The Distribution of Income and Poverty.
27. Interest, Rent, and Profit.
Part IX. MARKET FAILURE AND PUBLIC CHOICE.
28. Market Failure: Externalities, Public Goods, and Asymmetric Information.
29. Public Choice: Economic Theory Applied to Politics in The Global Economy.
Part X. INTERNATIONAL ECONOMICS AND GLOBALIZATION.
30. International Trade.
31. International Finance.
32. Globalization and International Impacts on the Economy.
Part XI: FINANCIAL MATTERS.
33. Stocks, Bonds, Futures, and Options.
Appendix C. Should You Major in Economics?
Self-Test Appendix.
Glossary.
Index.
WEB CHAPTER.
34. Agriculture: Farmers' Problems, Government Policies, and Unintended Effects.

Supplements

Instructor Supplements

Instructor Supplements

All supplements have been updated in coordination with the main title. Select the main title’s "About the Solution" tab, then select "What's New" for updates specific to title's edition. For more information about these supplements, or to obtain them, contact your Learning Consultant.

Instructor's Resource DVD  (ISBN-10: 0324785712 | ISBN-13: 9780324785715)

This easy-to-use DVD allows quick access to instructor ancillaries. It enables you to review, edit, and copy precisely the materials you need in the format desired. The DVD contains the complete Instructor's Manual, Test Bank, ExamView Computerized Testing Software, and the PowerPoint presentation slides. Both micro and macroeconomics are included in the Instructor's Manual.


EconCentral Instant Access Code  (ISBN-10: 1439039232 | ISBN-13: 9781439039236)

Ready to help students apply chapter concepts to the real world? Multiple resources for learning and reinforcing principles concepts are now available in one place! EconCentral is your one-stop shop for learning tools and activities that help students succeed. EconCentral equips learners with a portal to a wealth of resources that help them both study and apply economic concepts. As they read and study the chapters, students can access video tutorials, review with flash cards and a graphing tool as well as check their understanding of the chapter with interactive quizzing. All the study and application resources in EconCentral are organized by chapter to help your students get the most from our text.

List Price = $25.25  | CengageBrain Price = $25.25  | College Bookstore Wholesale Price = $25.25


Study Guide  (ISBN-10: 0324785518 | ISBN-13: 9780324785517)

Written and updated by the author, this Study Guide reinforces student learning with a list of key concepts and terms, review questions and problems, and short-answer exercises asking "what is wrong?" or "what has been overlooked?" Multiple-choice, true/false, and fill-in-the-blank practice questions are also included.

List Price = $57.95  | CengageBrain Price = $57.49  | College Bookstore Wholesale Price = $43.00


Instructor's Manual  (ISBN-10: 0324785585 | ISBN-13: 9780324785586)

This comprehensive resource includes a wealth of information that is helpful to new and veteran instructors alike. Packed with teaching tips and planning tools, it includes everything you need to prepare for class, including planning activities organized by chapter, answers to text problems, in-class activities, and more.


Economics for Life: 101 Lessons You Can Use Every Day!  (ISBN-10: 0538757884 | ISBN-13: 9780538757881)

ECONOMICS FOR LIFE 3e is a book about real-world applications for economics. In addition to applications, the text contains critiques of common economic fallacies, paradoxical economic results, and solutions to economic mysteries that are sure to interest students. Tied through its Appendices to all South-Western principles texts, Economics for Life helps students use economic concepts to better understand the world around them. The book serves as a valuable resource for delivering a more applications-based Principles (or Economics 101) course and can be bundled at no additional charge.

List Price = $24.95  | CengageBrain Price = $24.49  | College Bookstore Wholesale Price = $18.75


Test Bank for Macroeconomics  (ISBN-10: 0324785607 | ISBN-13: 9780324785609)

With over 3,100 multiple choice, true/false, and essay questions, the 9th edition Test Bank is an invaluable resource. Questions have been carefully reviewed and revised, and each question is labeled by difficulty level, standard AACSB category, and a local or topic-specific standard. Questions new to this edition are noted.


EconCentral Instant Access Code  (ISBN-10: 0324782837 | ISBN-13: 9780324782837)

Ready to help students apply chapter concepts to the real world? Multiple resources for learning and reinforcing principles concepts are now available in one place! EconCentral is your one-stop shop for learning tools and activities that help students succeed. EconCentral equips learners with a portal to a wealth of resources that help them both study and apply economic concepts. As they read and study the chapters, students can access video tutorials, review with flash cards and a graphing tool as well as check their understanding of the chapter with interactive quizzing. All the study and application resources in EconCentral are organized by chapter to help your students get the most from our text.

List Price = $25.95  | CengageBrain Price = $25.49  | College Bookstore Wholesale Price = $19.50


Test Bank for Microeconomics  (ISBN-10: 0324785593 | ISBN-13: 9780324785593)

With over 3,100 multiple choice, true/false, and essay questions, the 9th edition Test Bank is an invaluable resource. Questions have been carefully reviewed and revised, and each question is labeled by difficulty level, standard AACSB category, and a local or topic-specific standard. Questions new to this edition are noted.


Global Economic Watch GEC Resource Center Printed Access Card  (ISBN-10: 1439040753 | ISBN-13: 9781439040751)

The current global economic crisis leaves more and more questions unanswered every day and presents "one of the most teachable moments of the century." South-Western delivers the solution. The Global Economic Crisis Resource Center is an online one-stop shopping location that provides educators with current news, journal articles, videos, podcasts, PowerPoint® slides, test questions, and much more.

List Price = $27.95  | College Bookstore Wholesale Price = $20.50


Aplia Integrated Textbook Solution (Bookstore Purchase Access)  (ISBN-10: 0324420978 | ISBN-13: 9780324420975)

The Aplia Integrated Text Solution box contains your mandatory Aplia access code granting you access to the program and full online version of the class text. This option DOES NOT include the required reader (Current and Classic Readings for Microeconomic Literacy) or textbook (Mankiw's, Principles of Microeconomics, Fourth Edition. You MUST purchase these separately.

List Price = $131.95  | College Bookstore Wholesale Price = $97.75


Student Supplements

Student Supplements

All supplements have been updated in coordination with the main title. Select the main title’s "About the Solution" tab, then select "What's New" for updates specific to title's edition. For more information about these supplements, or to obtain them, contact your Learning Consultant.

Aplia Instant Access  (ISBN-10: 0538746149 | ISBN-13: 9780538746144)

List Price = $131.95  | College Bookstore Wholesale Price = $97.75


EconCentral Instant Access Code  (ISBN-10: 1439039232 | ISBN-13: 9781439039236)

Ready to help students apply chapter concepts to the real world? Multiple resources for learning and reinforcing principles concepts are now available in one place! EconCentral is your one-stop shop for learning tools and activities that help students succeed. EconCentral equips learners with a portal to a wealth of resources that help them both study and apply economic concepts. As they read and study the chapters, students can access video tutorials, review with flash cards and a graphing tool as well as check their understanding of the chapter with interactive quizzing. All the study and application resources in EconCentral are organized by chapter to help your students get the most from our text.

List Price = $25.25  | CengageBrain Price = $25.25  | College Bookstore Wholesale Price = $25.25


Study Guide  (ISBN-10: 0324785518 | ISBN-13: 9780324785517)

Written and updated by the author, this Study Guide includes a list of key concepts and terms, review questions and problems, and short-answer exercises asking "what is wrong?" or "what has been overlooked?" Multiple-choice, true/false, and fill-in-the-blank practice questions are also included.

List Price = $57.95  | CengageBrain Price = $57.49  | College Bookstore Wholesale Price = $43.00


Economics for Life: 101 Lessons You Can Use Every Day!  (ISBN-10: 0538757884 | ISBN-13: 9780538757881)

ECONOMICS FOR LIFE 3e is a book about real-world applications for economics. In addition to applications, the text contains critiques of common economic fallacies, paradoxical economic results, and solutions to economic mysteries that are sure to interest students. Tied through its Appendices to all South-Western principles texts, Economics for Life helps students use economic concepts to better understand the world around them. The book serves as a valuable resource for delivering a more applications-based Principles (or Economics 101) course and can be bundled at no additional charge.

List Price = $24.95  | CengageBrain Price = $24.49  | College Bookstore Wholesale Price = $18.75


EconCentral Instant Access Code  (ISBN-10: 0324782837 | ISBN-13: 9780324782837)

Ready to help students apply chapter concepts to the real world? Multiple resources for learning and reinforcing principles concepts are now available in one place! EconCentral is your one-stop shop for learning tools and activities that help students succeed. EconCentral equips learners with a portal to a wealth of resources that help them both study and apply economic concepts. As they read and study the chapters, students can access video tutorials, review with flash cards and a graphing tool as well as check their understanding of the chapter with interactive quizzing. All the study and application resources in EconCentral are organized by chapter to help your students get the most from our text.

List Price = $25.95  | CengageBrain Price = $25.49  | College Bookstore Wholesale Price = $19.50


Global Economic Watch GEC Resource Center Printed Access Card  (ISBN-10: 1439040753 | ISBN-13: 9781439040751)

The current global economic crisis leaves more and more questions unanswered every day and presents "one of the most teachable moments of the century." South-Western delivers the solution. The Global Economic Crisis Resource Center is an online one-stop shopping location that provides you with current news, journal articles, videos, podcasts, PowerPoint® slides, test questions, and much more.

List Price = $27.95  | College Bookstore Wholesale Price = $20.50


Aplia Integrated Textbook Solution (Bookstore Purchase Access)  (ISBN-10: 0324420978 | ISBN-13: 9780324420975)

The Aplia Integrated Text Solution box contains your mandatory Aplia access code granting you access to the program and full online version of the class text. This option DOES NOT include the required reader (Current and Classic Readings for Microeconomic Literacy) or textbook (Mankiw's, Principles of Microeconomics, Fourth Edition. You MUST purchase these separately.

List Price = $131.95  | College Bookstore Wholesale Price = $97.75


Meet the Author

About the Author

Roger A. Arnold

Dr. Roger A. Arnold is Professor of Economics at California State University San Marcos, where his fields of specialization include general microeconomic theory and monetary theory. A widely respected authority on economic issues, Dr. Arnold is a regularly featured expert on talk radio discussing the state of the economy. He is also a proven author who has written numerous academic articles, hundreds of newspaper columns, as well as the popular ECONOMICS: NEW WAYS OF THINKING and principles of macroeconomics supplementary text HOW TO THINK LIKE AN ECONOMIST. Dr. Arnold has been a member of the economics faculty at California State University Northridge, University of Oklahoma, Hillsdale College, University of Nevada Las Vegas, and California State University San Marcos. He served as chair of the economics department for two years at University of Nevada Las Vegas and for seven years at California State University San Marcos. He is currently chair of the economics department at California State University San Marcos. During his tenure at UNLV he was regularly one of the top five finalists for the teacher of the year honor (in the College of Business and Economics), and in 1987 he received the best researcher of the year award. Dr. Arnold earned a B.S. in Economics in 1974 from the University of Birmingham in England and received his M.A. in 1976 and his Ph.D. in 1979 from Virginia Polytechnic Institute and State University.

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