Professional

Survey of Economics, 8th Edition

  • Irvin B. Tucker University of North Carolina, Charlotte
  • ISBN-10: 1111989664  |  ISBN-13: 9781111989668
  • 592 Pages
  • Previous Editions: 2011, 2009, 2006
  • © 2013 | Published
  • List Price = $ 269.95
  • For quantity discounts, Contact your Representative
  • For single copy purchases, visit CengageBrain.com

About

Overview

Designed specifically for the one-semester introductory economics course for non-majors, Tucker's SURVEY OF ECONOMICS, Seventh Edition, delivers the most comprehensive and pedagogically rich treatment of introduction to economics available. Readable, sensible, and interesting, this text is renowned for its engaging presentation, emphasis on critical thinking, active learning environment, highly motivational pedagogy, unrivaled visual learning support, and numerous in-chapter applications and review opportunities. With its focus on the most basic tools and topics in economics in the context of real-world issues, students get the opportunity to see how economic issues play out at national and international levels. The seventh edition has been thoroughly updated to show students how economics impacts their own world through topics such as privatization versus nationalization, social security, carbon emissions, social-networking sites, America's housing bubble, and gasoline prices.

Features and Benefits

  • UPDATED COVERAGE. Bringing the latest economic developments from all corners of the glove into your classroom, the 8th edition of Survey of Economics now includes discussions of recent controversies in the field such as: privatization versus nationalization, "social Security, Past, Present & Future," etc. Additionally, the author updated his new "Road Map" features that provide review questions linked to an interactive causation chain game. Further updated in the 8th edition are: the "Global Economics" boxed features, the "Economics in Practice" boxes, the "Checkpoint" features, and the "Careers in Economics" coverage. Also, per usual, the instructor's tools (test bank, instructor's manual, PowerPoints) have been thoroughly updated to reflect recent advances in the field and updates in the text.
  • REAL WORLD RELEVANCE. "Economics in Practice" boxes give students the opportunity to encounter timely, real-world extensions of economic theory and cover such relevant topics as "Social-Networking Sites: The New Advertising Game," "America's Housing Market Bubble Bursts," and "Why Is that Web Site You're Using Free?" In addition, "Checkpoint" features tie chapter concepts to current headlines such as "What Is the Real Price of Gasoline?," "What Is the MPC for Uncle Sam's Stimulus Package?," and "Why the Higher Price for Ethanol?" Insightful coverage of potential careers in economics gives is also included to give students a taste of the exciting opportunities in the field, helping departments recruit possible majors.
  • UNIQUE MOTIVATIONAL PEDAGOGY. A national award-winning teacher, Dr. Tucker draws from his vast expertise and personal experiences as an educator to implement features that spark interactive reading and critical thinking from students. For example, "Analyze the Issue" questions challenge students to apply their own understanding of economic concepts to the issues at hand, prompting lively classroom discussions. In addition, boxed diagrams clearly illustrate what is happening in each graph with a simple flow chart that helps students understand the cause/effect relationships.
  • CLEAR, CONCISE, AND FOCUSED. Emphasizing the basic tools of supply and demand analysis in a real-world perspective, this text equips students with a thorough understanding of the basics instead of a glimpse of a multitude of topics.
  • INTEGRATED SELF-ASSESSMENT. Thought-provoking "You Make the Call" questions challenge students to check their understanding of economic concepts by applying them to real-life situations. Students can check their answers at the end of the chapter, giving them immediate feedback on how well they have learned the material. Additionally, multiple-choice "Practice Quizzes" function as a built-in study guide at the end of each chapter. Answers are at the end of the text, and unique visual explanations can be found on the book's website.

Table of Contents

Brief CONTENTS
PART I: INTRODUCTION TO ECONOMICS.
1. Introducing the Economic Way of Thinking.
Appendix 1: Applying Graphs to Economics.
2. Production Possibilities, Opportunity Cost, and Economic Growth.
PART II: THE MICROECONOMY.
3. Market Demand and Supply.
4. Markets in Action.
Appendix 4: Applying Supply and Demand Analysis to Health Care.
5. Price Elasticity of Demand.
6. Production Costs.
7. Perfect Competition.
8. Monopoly.
9. Monopolistic Competition and Oligopoly.
10. Labor Markets and Income Distribution.
PART III: THE MACROECONOMY AND FISCAL POLICY.
11. Gross Domestic Product.
12. Business Cycles and Unemployment.
13. Inflation.
14. Aggregate Demand and Supply.
Appendix 14: The Self-Correcting Aggregate Demand and Supply Model.
15. Fiscal Policy.
16. The Public Sector.
17. Federal Deficits, Surpluses, and the National Debt.
PART IV: MONEY, BANKING, AND MONETARY POLICY.
18. Money and the Federal Reserve System.
19. Money Creation.
20. Monetary Policy.
Appendix 20: Policy Disputes Using the Self-Correcting Aggregate Demand and Supply Model.
PART V: THE INTERNATIONAL ECONOMY.
21. International Trade and Finance.
22. Economies in Transition.
23. Growth and the Less-Developed Countries.
Appendix A: Answers to Odd-Numbered Study Questions and Problems.
Appendix B: Answers to Practice Quizzes.
Appendix C: Answers to Road Map Questions.
Glossary.
Index.

What's New

  • GLOBAL PERSPECTIVE. "Global Economics" boxed features show students how economic issues play out at the national and international levels and include topics such as "How Does Public Capital Affect a Nation's Curve?" and "How Should Carbon Emissions be Reduced: Cap-and-Trade or Carbon Taxes?"

Learning Resource Bundles

Choose the textbook packaged with the resources that best meet your course and student needs. Contact your Learning Consultant for more information.

Bundle: Text + Aplia™, 1 term Printed Access Card

ISBN-10: 1133903347  | ISBN-13: 9781133903345

List Price = $282.95


Printed Text + Economics CourseMate with eBook Instant Access Code

ISBN-10:  1133539904  | ISBN-13:  9781133539902

List Price = $282.95  | CengageBrain Price = $282.95


Printed Text + Aplia Instant Access

ISBN-10:  1285713583  | ISBN-13:  9781285713588

List Price = $296.95  | CengageBrain Price = $296.95


ePack: Text + MindTap® Economics Instant Access

ISBN-10:  1133543308 | ISBN-13:  9781133543305

List Price = $296.95  | CengageBrain Price = $296.95


Efficacy and Outcomes

Reviews

"Information is presented in a way that is almost impossible to misunderstand. [It] explains exactly how the details relate in a concise manner [and] review questions at the end of the chapter are EXTREMELY helpful."

— Charles Newton, Texas Tech University

"The book is laid out logically and attractively; both micro and macro are covered well."

— Sheryl Szot Gallaher, Governors State University

Supplements

All supplements have been updated in coordination with the main title. Select the main title's "About" 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 Supplements

Instructor's Resource CD-ROM  (ISBN-10: 1111969485 | ISBN-13: 9781111969486)

Find everything you need at your fingertips with this all-in-one resource! The Instructor's Resource CD-ROM (IRCD) includes the Instructor's Manual, Test Bank, ExamView Testing Software that allows you to add or edit questions, instructions, and answers for customized tests, and the PowerPoint® slides developed by the textbook author and tested in the classroom to further clarify updated key economic concepts throughout this edition. These features are also available for download at your convenience at the text Companion Website. New content within each Instructor's Resource has been thoroughly updated to correspond to the updates and content of Tucker's SURVEY OF ECONOMICS, Eighth Edition.

Instructor's Manual (Print, Web Site, Instructor's Resource CD-ROM)  (ISBN-10: 113318944X | ISBN-13: 9781133189442)

By Douglas W. Copeland of Johnson County Community College. Streamline and maximize the effectiveness of your course preparation using such resources as helpful tips for effective teaching, chapter outlines, instructional objectives, critical thinking/group discussion questions, answers to the Analyze the Issue questions, and summary quizzes with answers. Also available on the Instructor's Resource CD. New content within the Instructor's Manual has been thoroughly updated to correspond with the latest economic principles presented in this edition of the text.

Test Bank  (ISBN-10: 1133190375 | ISBN-13: 9781133190370)

Prepared by Irvin Tucker, this comprehensive test bank helps you simplify testing and assessment by providing you with a printed selection of approximately 2,000 multiple-choice, true-false, and essay questions that directly match the content of the core text. Most questions have been thoroughly tested in the classroom by the author and classified by topic and degree of difficulty, enabling instructors to easily create quizzes and exams. Available on the Instructor's Resource CD. New content within the Test Bank has been thoroughly updated to correspond with the latest economic principles presented in this edition of the text.

Study Guide  (ISBN-10: 113356240X | ISBN-13: 9781133562405)

Prepared by the author himself, the Study Guide gives you additional experience putting text concepts into practice. The comprehensive guide includes chapter in a nutshell descriptions, key concept reviews, and a variety of activities--including fill-in-the-blank questions, step-by-step interpretation of graph boxes, multiple-choice questions, true-false questions, and crossword puzzles--to help you improve understanding. The Study Guide has been thoroughly updated to reflect changes made in the text.

List Price = $36.95  | CengageBrain Price = $36.95  | College Bookstore Wholesale Price = $27.75

CourseMate Instant Access  (ISBN-10: 1133494463 | ISBN-13: 9781133494461)

Cengage Learning's CourseMate brings course concepts to life with interactive learning, study, and exam preparation tools that support the printed textbook. Maximize your course success with the integrated eBook and chapter-specific learning tools that include flashcards, quizzes, videos, and more in your CourseMate. Key Features: Interactive eBook, Engagement Tracker, Learning Objectives, Tutorial Quizzes, Glossary and Flashcards, and Web Links and References.

List Price = $215.00  | CengageBrain Price = $215.00  | College Bookstore Wholesale Price = $215.00

Aplia™, 2 terms Instant Access  (ISBN-10: 1133260543 | ISBN-13: 9781133260547)

Aplia is dedicated to improving students' learning by increasing their effort and engagement with your course. Founded by an instructor for other instructors, Aplia offers students premium, automatically graded assignments with detailed explanations that ensure they put forth effort on a regular basis. Aplia saves instructors valuable time they'd otherwise spend on routine grading while giving students an easy way to stay on top of coursework with regularly scheduled assignments. These assignments have been developed for a range of textbooks and are easily customized for individual teaching schedules. Currently, Aplia supports college-level courses and has been used by more than 1,000,000 students at over 1,300 institutions. Aplia's paramount goal is to give instructors and students a first-rate learning experience, and we always want to hear from our users. As you explore the features and benefits that Aplia has to offer, we hope to hear from you as well. Welcome to Aplia.

List Price = $140.00  | CengageBrain Price = $140.00  | College Bookstore Wholesale Price = $140.00

MindTap® Economics, 2 terms (12 months) Instant Access  (ISBN-10: 1285382188 | ISBN-13: 9781285382180)

MindTap was created to harness the power of technology to drive student success. This cloud-based platform integrates a number of learning applications (“apps”) into an easy-to-use and easy to access tool that supports a personalized learning experience. MindTap combines student learning tools-readings, multimedia, activities and assessments-into a singular Learning Path that guides you through your economics course.

List Price = $140.00  | CengageBrain Price = $140.00  | College Bookstore Wholesale Price = $140.00

General MindLink for MindTap® Economics, 2 terms (12 months) Instant Access  (ISBN-10: 1285408063 | ISBN-13: 9781285408064)

General MindLink for MindTap Economics Instant Access for Tucker’s Survey of Economics, 8th engages you to produce your best work – consistently. By seamlessly integrating course material with videos, activities, apps, and much more, MindTap creates a unique learning path that fosters increased comprehension and efficiency.

List Price = $140.00  | CengageBrain Price = $140.00  | College Bookstore Wholesale Price = $140.00

Blackboard MindLink for CourseMate Instant Access  (ISBN-10: 1285371712 | ISBN-13: 9781285371719)

The more you study, the better the results. Make the most of your study time by accessing everything you need to succeed in your economics course in one place. Read your eBook, take notes, review flashcards, view videos, and take practice quizzes—all online with MindLink for CourseMate on Blackboard.

List Price = $215.00  | CengageBrain Price = $215.00  | College Bookstore Wholesale Price = $215.00

Blackboard MindLink for MindTap® Economics, 2 terms (12 months) Instant Access  (ISBN-10: 1285409493 | ISBN-13: 9781285409498)

Blackboard MindLink for MindTap Economics Instant Access for Tucker's Survey of Economics, 8th engages you to produce your best work – consistently. By seamlessly integrating course material with videos, activities, apps, and much more, MindTap creates a unique learning path that fosters increased comprehension and efficiency.

List Price = $140.00  | CengageBrain Price = $140.00  | College Bookstore Wholesale Price = $140.00

LMS Integrated for Aplia™, 1 term Instant Access  (ISBN-10: 1285324005 | ISBN-13: 9781285324005)

Succeed in your economics course with one full semester of access to Aplia’s interactive learning system--featuring practice problems with immediate feedback and tools developed specifically for SURVEY OF ECONOMICS, 8th Edition. Aplia has already helped more than a million students succeed in college classes.

List Price = $126.00  | CengageBrain Price = $126.00  | College Bookstore Wholesale Price = $126.00

LMS Integrated to CourseMate Instant Access  (ISBN-10: 1285370597 | ISBN-13: 9781285370590)

The more you study, the better the results. Make the most of your study time by accessing everything you need to succeed in your economics course in one place. Read your eBook, take notes, review flashcards, view videos, and take practice quizzes—all online with MindLink for CourseMate.

List Price = $215.00  | CengageBrain Price = $215.00  | College Bookstore Wholesale Price = $215.00

Flash Cards, 1 term (6 months) Instant Access  (ISBN-10: 1285797019 | ISBN-13: 9781285797014)

Flashcards designed to work with your text can help you to review and learn essential terms and key concepts. Interactive flashcards include terms and definitions for each chapter. This is instant access product; at the completion of your purchase, simply go to "My Home" and gain immediate access to your product. Note: If you have purchased CourseMate for your title, flash cards are already included.

List Price = $4.00  | CengageBrain Price = $4.00  | College Bookstore Wholesale Price = $4.00

Quizzing, 1 term (6 months) Instant Access  (ISBN-10: 1285793218 | ISBN-13: 9781285793214)

Interactive practice quizzes designed to work with your text can help you to review and learn essential terms and key concepts. True/false and multiple choice questions are included for each chapter. Check your score and take quizzes again if needed. A reference for where to find more material in the text is included with each answer. This is instant access product; at the completion of your purchase, simply go to "My Home" and gain immediate access to your product. Note: If you have purchased CourseMate for your title, flash cards are already included.

List Price = $6.00  | CengageBrain Price = $6.00  | College Bookstore Wholesale Price = $6.00

Quizzing with Flash Cards Instant Access  (ISBN-10: 1285789415 | ISBN-13: 9781285789415)

Interactive practice quizzes and flashcards designed to work with your text can help you to review and learn essential terms and key concepts. Flashcards contain terms and definitions for each chapter. Practice quizzes consist of true/false and multiple choice questions for each chapter. Check your score and take quizzes again if needed. A reference for where to find more material in the text is included with each answer. This is instant access product; at the completion of your purchase, simply go to "My Home" and gain immediate access to your product. Note: If you have purchased CourseMate for your title, practice quizzes and flashcards are already included.

List Price = $6.00  | CengageBrain Price = $6.00  | College Bookstore Wholesale Price = $6.00

Student Supplements

Study Guide  (ISBN-10: 113356240X | ISBN-13: 9781133562405)

Prepared by the author himself, the Study Guide gives you additional experience putting text concepts into practice. The comprehensive guide includes chapter in a nutshell descriptions, key concept reviews, and a variety of activities--including fill-in-the-blank questions, step-by-step interpretation of graph boxes, multiple-choice questions, true-false questions, and crossword puzzles--to help you improve understanding. The Study Guide has been thoroughly updated to reflect changes made in the text.

List Price = $36.95  | CengageBrain Price = $36.95  | College Bookstore Wholesale Price = $27.75

CourseMate Instant Access  (ISBN-10: 1133494463 | ISBN-13: 9781133494461)

Cengage Learning's CourseMate brings course concepts to life with interactive learning, study, and exam preparation tools that support the printed textbook. Maximize your course success with the integrated eBook and chapter-specific learning tools that include flashcards, quizzes, videos, and more in your CourseMate. Key Features: Interactive eBook, Engagement Tracker, Learning Objectives, Tutorial Quizzes, Glossary and Flashcards, and Web Links and References.

List Price = $215.00  | CengageBrain Price = $215.00  | College Bookstore Wholesale Price = $215.00

Aplia™, 2 terms Instant Access  (ISBN-10: 1133260543 | ISBN-13: 9781133260547)

Aplia is dedicated to improving students' learning by increasing their effort and engagement with your course. Founded by an instructor for other instructors, Aplia offers students premium, automatically graded assignments with detailed explanations that ensure they put forth effort on a regular basis. Aplia saves instructors valuable time they'd otherwise spend on routine grading while giving students an easy way to stay on top of coursework with regularly scheduled assignments. These assignments have been developed for a range of textbooks and are easily customized for individual teaching schedules. Currently, Aplia supports college-level courses and has been used by more than 1,000,000 students at over 1,300 institutions. Aplia's paramount goal is to give instructors and students a first-rate learning experience, and we always want to hear from our users. As you explore the features and benefits that Aplia has to offer, we hope to hear from you as well. Welcome to Aplia.

List Price = $140.00  | CengageBrain Price = $140.00  | College Bookstore Wholesale Price = $140.00

MindTap® Economics, 2 terms (12 months) Instant Access  (ISBN-10: 1285382188 | ISBN-13: 9781285382180)

MindTap was created to harness the power of technology to drive student success. This cloud-based platform integrates a number of learning applications (“apps”) into an easy-to-use and easy to access tool that supports a personalized learning experience. MindTap combines student learning tools-readings, multimedia, activities and assessments-into a singular Learning Path that guides you through your economics course.

List Price = $140.00  | CengageBrain Price = $140.00  | College Bookstore Wholesale Price = $140.00

General MindLink for MindTap® Economics, 2 terms (12 months) Instant Access  (ISBN-10: 1285408063 | ISBN-13: 9781285408064)

General MindLink for MindTap Economics Instant Access for Tucker’s Survey of Economics, 8th engages you to produce your best work – consistently. By seamlessly integrating course material with videos, activities, apps, and much more, MindTap creates a unique learning path that fosters increased comprehension and efficiency.

List Price = $140.00  | CengageBrain Price = $140.00  | College Bookstore Wholesale Price = $140.00

Blackboard MindLink for CourseMate Instant Access  (ISBN-10: 1285371712 | ISBN-13: 9781285371719)

The more you study, the better the results. Make the most of your study time by accessing everything you need to succeed in your economics course in one place. Read your eBook, take notes, review flashcards, view videos, and take practice quizzes—all online with MindLink for CourseMate on Blackboard.

List Price = $215.00  | CengageBrain Price = $215.00  | College Bookstore Wholesale Price = $215.00

Blackboard MindLink for MindTap® Economics, 2 terms (12 months) Instant Access  (ISBN-10: 1285409493 | ISBN-13: 9781285409498)

Blackboard MindLink for MindTap Economics Instant Access for Tucker's Survey of Economics, 8th engages you to produce your best work – consistently. By seamlessly integrating course material with videos, activities, apps, and much more, MindTap creates a unique learning path that fosters increased comprehension and efficiency.

List Price = $140.00  | CengageBrain Price = $140.00  | College Bookstore Wholesale Price = $140.00

LMS Integrated for Aplia™, 1 term Instant Access  (ISBN-10: 1285324005 | ISBN-13: 9781285324005)

Succeed in your economics course with one full semester of access to Aplia’s interactive learning system--featuring practice problems with immediate feedback and tools developed specifically for SURVEY OF ECONOMICS, 8th Edition. Aplia has already helped more than a million students succeed in college classes.

List Price = $126.00  | CengageBrain Price = $126.00  | College Bookstore Wholesale Price = $126.00

LMS Integrated to CourseMate Instant Access  (ISBN-10: 1285370597 | ISBN-13: 9781285370590)

The more you study, the better the results. Make the most of your study time by accessing everything you need to succeed in your economics course in one place. Read your eBook, take notes, review flashcards, view videos, and take practice quizzes—all online with MindLink for CourseMate.

List Price = $215.00  | CengageBrain Price = $215.00  | College Bookstore Wholesale Price = $215.00

Flash Cards, 1 term (6 months) Instant Access  (ISBN-10: 1285797019 | ISBN-13: 9781285797014)

Flashcards designed to work with your text can help you to review and learn essential terms and key concepts. Interactive flashcards include terms and definitions for each chapter. This is instant access product; at the completion of your purchase, simply go to "My Home" and gain immediate access to your product. Note: If you have purchased CourseMate for your title, flash cards are already included.

List Price = $4.00  | CengageBrain Price = $4.00  | College Bookstore Wholesale Price = $4.00

Quizzing, 1 term (6 months) Instant Access  (ISBN-10: 1285793218 | ISBN-13: 9781285793214)

Interactive practice quizzes designed to work with your text can help you to review and learn essential terms and key concepts. True/false and multiple choice questions are included for each chapter. Check your score and take quizzes again if needed. A reference for where to find more material in the text is included with each answer. This is instant access product; at the completion of your purchase, simply go to "My Home" and gain immediate access to your product. Note: If you have purchased CourseMate for your title, flash cards are already included.

List Price = $6.00  | CengageBrain Price = $6.00  | College Bookstore Wholesale Price = $6.00

Quizzing with Flash Cards Instant Access  (ISBN-10: 1285789415 | ISBN-13: 9781285789415)

Interactive practice quizzes and flashcards designed to work with your text can help you to review and learn essential terms and key concepts. Flashcards contain terms and definitions for each chapter. Practice quizzes consist of true/false and multiple choice questions for each chapter. Check your score and take quizzes again if needed. A reference for where to find more material in the text is included with each answer. This is instant access product; at the completion of your purchase, simply go to "My Home" and gain immediate access to your product. Note: If you have purchased CourseMate for your title, practice quizzes and flashcards are already included.

List Price = $6.00  | CengageBrain Price = $6.00  | College Bookstore Wholesale Price = $6.00

Meet the Author

Author Bio

Irvin B. Tucker

Dr. Irvin B. Tucker has more than 30 years of experience teaching introductory economics at the University of North Carolina Charlotte. He earned his BS in economics at North Carolina State University and his MA and PhD in economics from the University of South Carolina. He is a long-time member of the National Council on Economic Education. Dr. Tucker has served as executive director of the S.C. Council of Education and director of the Center for Economic Education at the University of North Carolina at Charlotte. He is recognized for his ability to relate basic principles to economic issues and public policy. His work has received national recognition with awards from the Meritorious Levy Award for Excellence in Private Enterprise Education, the Federation of Independent Business Award for Postsecondary Educator of the Year in Entrepreneurship and Economic Education, and the Freedom Foundation's George Washington Medal for Excellence in Economic Education. In addition, Dr. Tucker's research has been published in numerous professional journal articles on a wide range of topics, including industrial organization, entrepreneurship, and economics of education. Dr. Tucker is also the author of the highly successful SURVEY OF ECONOMICS, 9E and ECONOMICS AND FINANCE.