Higher Education

Basic Economics, 16th Edition

  • Frank V. Mastrianna Slippery Rock University of Pennsylvania - Emeritus
  • ISBN-10: 1111826641  |  ISBN-13: 9781111826642
  • 384 Pages
  • Previous Editions: 2010, 2007, 2004
  • © 2013 | Published
  • College Bookstore Wholesale Price = $218.25
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About

Overview

Now in its sixteenth edition, BASIC ECONOMICS delivers a streamlined, straightforward introduction to the fundamentals of macro- and microeconomics, while addressing some of the most stimulating issues affecting the world today. You will engage students with timely discussions of monetary policies and the labor market, as well as the recent financial market collapse and housing crises. This very successful text also presents in a concise, 19-chapter format, which can be covered in single quarter or semester, and includes a wealth of student applications and instructor supplements to assist with course planning and teaching.

Features and Benefits

  • Streamlined, straightforward introduction to the fundamentals of macro- and microeconomics, while addressing some of the most stimulating issues affecting the world today.
  • Engages students with timely discussions of monetary policies and the labor market, as well as the recent financial market collapse and housing crises.
  • Concise, 19-chapter format, which can be covered in single quarter or semester, and includes a wealth of student applications and instructor supplements to assist with course planning and teaching.

Table of Contents

1. The Nature and Scope of Economics.
2. Scarcity and Choice.
3. The U.S. Economic System.
4. Price: The Role of Demand and Supply.
5. Production, Cost, and Profit.
6. Perfect Competition.
7. Monopoly.
8. Monopolistic Competition and Oligopoly.
9. The Labor Market, Employment, and Unemployment.
10. Income Distribution.
11. The Circular Flow and National Income Accounts.
12. Business Cycles.
13. Macroeconomic Models and Analysis.
14. Money in the U.S. Economy.
15. The Federal Reserve and the Money Supply.
16. Macroeconomic Policies.
17. Taxation, Budgetary Policy, and the National Debt.
18. International Trade and Aid.
19. The Balance of International Payments.

What's New

  • New discussions regarding the liquidity trap and quantitative easing.
  • Information on the new Dodd-Frank Bill that was recently passed in hopes of re-regulating the economy.
  • Additional information such as the number of bank failures and the current members of the Federal Reserve.
  • CourseMate is new to this edition.
  • Additional attempts and results to stimulate the economy.
  • Chapter 16 (Macroeconomic Policies) and Chapters 17 (Taxation, Budgetary Policy, and the National Debt) have been interchanged due to user demand. Fiscal Policies and Monetary Policies should be back to back, followed by the general Macroeconomics policies chapter.
  • Tax Rates updated.
  • Success and failure of the expansionary policies from the Obama Administration is presented.
  • Latin American Inflation rates have been updates

Efficacy and Outcomes

Reviews

"Precise and to the point. This book keeps it fairly basic for the students."

— Richard Milani, Hibbing Community College

"Straight forward approach. Basic presentation for students with little or no economic background."

— Michel Heim, Century College

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: 111182665X | ISBN-13: 9781111826659)

Have all the key instructor resources at your fingertips with this innovative, all-in-one CD-ROM. New and experienced instructors will find everything they need: Instructor's Resource Solution's Manual, Test Bank and ExamView® electronic testing software, and PowerPoint® slides. Instructor's Resource Solutions Manual - Solutions to end-of-chapter discussion questions are located in this manual. It also provides valuable resources including teaching objectives, lecture learning objectives, lecture outline and notes, as well as suggested readings. The Instructor's Manual is also available on the password protected portion of the text website. Test Bank - All Test Bank questions are tagged by topic, difficulty (easy, moderate, and challenging), AACSB learning standards, Bloom's Taxonomy and Course Outcomes. The Test Bank is also available on the password protected portion of the text website and contains more than 1,800 true-false, multiple-choice and discussion questions. ExamView® - Create and administer quizzes online. Easily test your students understanding of today's economic skills and developments with this electronic testing system. Easy-to-use test creation software allows you to add or edit questions, instructions and answers. You can select questions (randomly or numerically) by previewing them on the screen. ExamView is only available on the IRCD. Lecture PowerPoint® slides - These vivid slides contain key highlights of important concepts. Slides are organized by chapter for your convenience and may be modified or expanded to meet your individual classroom needs. The slides are complete with figures and tables from the book to help make your lectures come to life! The PowerPoint slides are also available on the password protected portion of the text website.

Global Economic Crisis Online Instant Access Code  (ISBN-10: 1439040745 | ISBN-13: 9781439040744)

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 = $30.00  | CengageBrain Price = $30.00  | College Bookstore Wholesale Price = $30.00

Student Supplements

Global Economic Crisis Online Instant Access Code  (ISBN-10: 1439040745 | ISBN-13: 9781439040744)

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 = $30.00  | CengageBrain Price = $30.00  | College Bookstore Wholesale Price = $30.00

Meet the Author

Author Bio

Frank V. Mastrianna

Frank V. Mastrianna is Dean Emeritus at Slippery Rock University of Pennsylvania, where he was Dean of the College of Information Sciences and Business Administration for 15 years until 2002, when he retired. He also taught economics at the University of Cincinnati and Xavier University. His areas of interest include microeconomics, industrial organization, managerial economics, and managerial finance, about which he has published articles and presented to both government and business audiences. Dr. Mastrianna has authored and co-authored three textbooks, and serves (or has served) on the boards of directors of the UNIFY Mutual Holding Company, The Union Central Life Insurance Company, The Carillon Investments, The Association of Collegiate Business Schools and Programs, The Pennsylvania Economy League, The Business Assistance Center of Northwest Pennsylvania, The International Academy of Business Disciplines, and The Cincinnati Minority Contractors and Business Assistance Center. He is currently serving on the Board of Directors of the Ameritas Holding Company in Lincoln, Nebraska, and also serves on the Board of Commissioners of the International Academy of Collegiate Schools and Programs Dr. Mastrianna received his A.B. from Xavier University and his M.A., M.C.P., and Ph.D. from the University of Cincinnati.