Professional

Economics, 9th Edition

  • William Boyes Arizona State University
  • Michael Melvin Arizona State University
  • ISBN-10: 1111826137  |  ISBN-13: 9781111826130
  • 888 Pages
  • Previous Editions: 2011, 2008, 2005
  • © 2013 | Published
  • List Price = $ 392.95
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  • Newer Edition Available

About

Overview

Discover the latest thinking of today's economists on important microeconomic and macroeconomic phenomena while developing with a solid global understanding of basic economic principles with Boyes/Melvin's popular ECONOMICS, 9E. A reader-friendly writing style, carefully integrated learning features, and emphasis on global economics clearly illustrate the connections between key economic principles and today's actual business practices. This edition's updates, timely revisions and memorable examples ensure readers are familiar with the latest economic statistics and developments. Revised microeconomics materials emphasize the fundamentals and practical application of current events, while new macroeconomics coverage highlights the recent financial crisis and its global implications. Readers find the understanding of economic concepts and applications they need for career and business success throughout the world.

Features and Benefits

  • UNIQUE, PROVEN LEARNING FEATURES IMPROVE COMPREHENSION AND STUDENT PERFORMANCE. This popular text's one-of-a-kind, proven pedagogical program helps improve both comprehension and performance. Students attain the knowledge and skills to succeed in class and to develop an understanding of core economic principles essential for success throughout their careers.
  • FUNDAMENTAL QUESTIONS DIRECT STUDENTS' FOCUS TO KEY ISSUES. As students read and prepare for class, this book's useful Fundamental Questions for each chapter help direct students' attention to key issues. Chapter summaries and the book's supplements further reinforce these themes and effectively guide students' study.
  • CONVENIENT, INTEGRATED REFERENCING SYSTEM ENABLES STUDENTS TO WORK EFFICIENTLY. With this book's integrated referencing system, students can easily explore and review the topics they need more, allowing them to work more efficiently and effectively.
  • LEADING APLIA™ ONLINE HOMEWORK SYSTEM INCREASES STUDENT EFFORTS AND ENGAGEMENT. The most successful online product for economics is now fully integrated with this text. Aplia™ offers interactive tools to help prepare your economics students and increase student effort and engagement--without requiring more work from you, the instructor. Students stay on top of coursework with regularly scheduled homework assignments while Aplia's high quality automatic grading provides detailed, immediate feedback.

Table of Contents

Part I: INTRODUCTION TO THE PRICE SYSTEM.
1. Economics: The World Around You.
Appendix: working with Graphs.
2. Choice, Opportunity Costs, and Specialization.
3. Markets, Demand and Supply, and the Price System.
4. The Market System and the Private and Public Sectors.
Part II: MACROECONOMIC BASICS.
5. National Income Accounting.
6. An Introduction to the Foreign Exchange market and the Balance of Payments.
7. Unemployment and Inflation.
8. Macroeconomic Equilibrium: Aggregate Demand and Supply.
9. Aggregate Expenditures.
Appendix: An Algebraic Model of Aggregate Expenditures.
10. Income and Expenditures Equilibrium.
Appendix: An Algebraic Model of Income and Expenditures Equilibrium.
Part III: MACROECONOMIC POLICY.
11. Fiscal Policy.
Appendix: An Algebraic Examination of the Balanced-Budget Change in Fiscal Policy.
12. Money and Banking.
13. Monetary Policy.
14. Macroeconomic Policy: Tradeoffs, Expectations, Credibility, and Sources of Business Cycles.
15. Macroeconomic Viewpoints: New Keynesian, Monetarist, and New Classical.
16. Economic Growth.
17. Development Economies.
18. Globalization.
Part IV: PRODUCT MARKET BASICS.
19. Elasticity: Demand and Supply.
Appendix: Calculating Elasticity.
20. Consumer Choice.
Appendix: Indifference Analysis.
21. Supply: The Costs of Doing Business.
Appendix: The Mechanics of Going from Production to Costs.
Part V: PRODUCT MARKETS.
22. Profit Maximization.
23. Perfect Competition.
24. Monopoly.
25. Monopolistic Competition and Oligopoly.
26. Antitrust and Regulation.
27. Government and Market Failure.
Part VI: RESOURCE MARKETS.
28. Resource Markets.
29. The Labor Market.
30. Capital Markets.
31. The Land Market and Natural Resources.
Part VII: CURRENT ISSUES INVOLVING THE PUBLIC SECTOR AND THE MARKET ECONOMY.
32. Aging, Social Security, and Health Care.
33. Income Distribution, Poverty, and Government Policy.
Part VIII: ISSUES IN INTERNATIONAL TRADE AND FINANCE.
34. World Trade Equilibrium.
35. International Trade Restrictions.
36. Exchange Rates and Financial Links Between Countries.

What's New

  • UPDATED ECONOMIC INSIGHT BOXES EMPHASIZE THE RELEVANCE OF CONCEPTS TO CURRENT EVENTS. Fresh new Economic Insights throughout this edition highlight some of today's most current events to focus readers' attention on the relevance and real-world applications of the concepts in the chapter. These engaging features help students carefully consider a wide range of topics from an informed economic perspective.
  • NEW AND UPDATED ECONOMICALLY SPEAKING AND COMMENTARY FEATURES HIGHLIGHT THE ECONOMIC IMPACT OF TODAY'S MOST IMPORTANT WORLD EVENTS. Introduce your students to recent newspaper and magazine articles that highlight important world events and their economic causes and consequences in updated and new Economically Speaking and Commentary features at the end of each chapter. These familiar, interesting, and memorable examples help your students appreciate the importance of the material they are learning in your course.
  • THE LATEST ECONOMIC STATISTICS THROUGHOUT THIS EDITION ENSURE YOU ARE TEACHING YOUR STUDENTS USING THE MOST CONTEMPORARY INFORMATION. Updates, numerous additions and timely revisions throughout all parts of this new edition represent the latest thinking from leading economists on important macroeconomic and microeconomic phenomena.
  • NEW COVERAGE HIGHLIGHTS THE RECENT FINANCIAL CRISIS AND ITS GLOBAL IMPLICATIONS. The authors have condensed the introduction, while providing abundant important coverage of the recent financial crisis as well as the associated recession and the central bank policies to counter its impact. A new section emphasizes how the financial crisis began in the United States before spreading globally.
  • REVISED MICROECONOMIC COVERAGE FURTHER CLARIFIES THE FUNDAMENTALS AND THEIR APPLICATION TO CURRENT EVENTS. New meaningful examples, extensive revisions to the chapter on elasticity, further development of the debate on government economic intervention, and a new discussion of the Economic Freedom Index ensure students better understand microeconomics concepts. This edition also offers additional coverage of game theory, updated information on health care costs, and a detailed examination of income distribution.
  • OPTIONAL COURSEMATE ONLINE RESOURCES SUPPORT INTERACTIVE LEARNING AND CLASS ENGAGEMENT. Watch student comprehension soar as your class works with the printed text and this new, optional text-specific website. This ECONOMICS CourseMate brings course concepts to life with interactive learning, study, and exam preparation tools. CourseMate steps beyond the book to deliver an interactive eBook and engaging teaching and learning tools, including quizzes, flashcards, videos, and more. Engagement Tracker, a first-of-its-kind tool, helps you monitor student engagement in your course.

Alternate Formats

Choose the format that best fits your student's budget and course goals

To customize your learning solution, contact your Learning Consultant for more information.

  • Macroeconomics, Paperbound

    ISBN-10: 1111826145  | ISBN-13: 9781111826147

    List Price = $283.95  | CengageBrain Price = $283.95

  • Microeconomics, Paperbound

    ISBN-10:  1111826153 | ISBN-13:  9781111826154

    List Price = $298.95  | CengageBrain Price = $298.95

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Printed Text + Aplia™, 2 terms Instant Access

ISBN-10: 1285324625  | ISBN-13: 9781285324623

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Printed Text + CengageNOW with eBook Instant Access Code

ISBN-10:  128532465X  | ISBN-13:  9781285324654

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Printed Text + Economics CourseMate with eBook Instant Access Code

ISBN-10:  1285324676 | ISBN-13:  9781285324678

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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: 1111826196 | ISBN-13: 9781111826192)

Find everything you need for your Principles of Economics course with this all-in-one resource. The Instructor’s Resource CD-ROM includes the Instructor’s Manual, Test Banks (for micro and macro), PowerPoint® slides, Exhibit PowerPoint® slides, and ExamView™ test generating software. These resources are also available for download at your convenience at the text’s Companion Website. New content within each of these resources is thoroughly updated to correspond to the updates and content of the latest edition of this text.

Instructor's Resource Manual (print-on-denand, online & Instructor's Resource CD-ROM)  (ISBN-10: 1111970262 | ISBN-13: 9781111970260)

This updated Instructor's Resource Manual highlights the book's most recent content and updates as well as unique features of the chapter and objectives students need to master for success in later chapters. You'll find fundamental questions, key terms, discussion opportunities, active learning exercises, and answers to every exercise in each chapter. Chapter lecture outlines offer teaching strategies, including general techniques, guidelines, essay topics, and other suggestions. You'll also find Study Guide homework questions. The Instructor's Manual is available on the IRCD or in print.

PowerPoint®  (ISBN-10: 1111970424 | ISBN-13: 9781111970420)

CourseMate Instant Access  (ISBN-10: 1111964343 | ISBN-13: 9781111964344)

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Aplia™, 2 terms Instant Access  (ISBN-10: 1111963835 | ISBN-13: 9781111963835)

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Economics, 9th: Test Bank, Microeconomics  (ISBN-10: 1111970246 | ISBN-13: 9781111970246)

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Macroeconomics, 9th: Test Bank  (ISBN-10: 1111970254 | ISBN-13: 9781111970253)

Efficiently test your students' understanding of concepts with Examview® test creation software. You'll find the tools you need to import questions directly from the Test Bank, create your own questions, or edit existing questions to create multiple types of tests. Choose from thousands of true/false, multiple-choice, and essay questions from two proven macro and micro printed Test Banks. Examview® is available on the IRCD. Test Banks are also available in print or by download on the Instructor's Text Companion Site. This Macroeconomics Test Bank incorporates all of the updates to the text. This test bank is intended for use with Boyes Economics, 9e.

MindTap® Economics, 1 term (6 months) Instant Access for Boyes/Melvin’s Microeconomics  (ISBN-10: 1285382404 | ISBN-13: 9781285382401)

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Student Supplements

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Aplia™, 1 term Instant Access  (ISBN-10: 1111963827 | ISBN-13: 9781111963828)

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

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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.

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

Meet the Author

Author Bio

William Boyes

Dr. William Boyes is professor of economics at Arizona State University. He received his Ph.D. in economics from the Claremont Graduate School in 1974. Before joining the Arizona State faculty, he was the Distinguished Visiting Professor of Business at Weber State University; visiting professor at Tsinghua University, Beijing, China and the University of London, London, England, and lectured at ITAM in Mexico City; and was the dean of the College of Business at Cal Poly, San Luis Obispo. Dr. Boyes has also served as chairman of the Economics Department at ASU and has been an economist with Security Pacific National Bank (now Bank of America). He has been a consultant to the White House, the Commerce Department, the Federal Trade Commission, and several private firms. He is the director of the office of economic education at ASU and a member of the Pacific Research Institute's Academic Advisory Board. Dr. Boyes has received many teaching awards, including the Golden Key National Honor Society Outstanding Professor Award at ASU in 1988, the Outstanding Teacher in the MBA Program Award at ASU in 1994, the Outstanding Teacher in the College of Business Award at ASU in 1995, Huizingh Outstanding Honors Professor in 2007, and Outstanding MBA Professor in 2008.

Michael Melvin

Michael Melvin is currently Head of Currency Research at Barclays Global Investors. He also retains affiliations at the Arizona State University Department of Economics and the Haas School of Business at the University of California, Berkeley. Dr. Melvin received his Ph.D. in economics from UCLA in 1980. He has served as a visiting scholar at the Federal Reserve Board and the International Monetary Fund, was a Fulbright Professor at the University of Frankfurt, and has been a visiting professor at UCLA, Northwestern University, U.C. San Diego, and the University of Hawaii. His field of specialization is International Finance, and he is the coeditor of the Journal of International Money and Finance.