Economics: The Basics, 3rd Edition

Mandel’s M: Economics, The Basics third edition focuses on developing a student’s economic literacy without overwhelming to provide a window into what’s happening in the current economy. Michael Mandel, the former Chief Economist for BusinessWeek magazine, now Chief Economist at Visible Economy LLC, writes in a journalistic style, drawing upon news articles and experience throughout the text to present economic concepts in a way that is understandable, relevant, and exciting for a broad audience. The succinct coverage, magazine-like design, and accessible presentation of math and graphs will help instructors overcome the common challenges of this course, and make the material more approachable and attractive to a wide range of students.

Table of Contents

CH 01 INTRODUCTION
CH 02 DEMAND AND SUPPLY: THE BASICS OF THE MARKET ECONOMY
CH 03 MARKET EQUILIBRIUM AND SHIFTS
CH 04 HOW BUSINESSES WORK
CH 05 COMPETITION AND MARKET POWER
CH 06 GOVERNMENT AND THE ECONOMY
CH 07 THE FIRST STEP INTO MACROECONOMICS
CH 08 INFLATION
CH 09 GROWTH
CH 10 BUSINESS CYCLES, UNEMPLOYMENT, AND INFLATION
CH 11 FISCAL POLICY
CH 12 MONETARY POLICY
CH 13 THE FINANCIAL MARKETS
CH 14 INTERNATIONAL TRADE
CH 15 TECHNOLOGICAL CHANGE
CH 16 ECONOMICS OF THE LABOR MARKET
CH 17 THE DISTRIBUTION OF INCOME
CH 18 ECONOMICS OF RETIREMENT AND HEALTH CARE
CH 19 ECONOMICS OF ENERGY, THE ENVIRONMENT, AND GLOBAL CLIMATE CHANGE