Reach every student by pairing this text with MyLab Economics MyLab(tm) is the teaching and learning platform that empowers you to reach every student. By combining trusted author content with digital tools and a flexible platform, MyLab personalizes the learning experience and improves results for each student. Learn more about MyLab Economics. Help students connect economic concepts to current events and policy issues New and Updated - Chapter openers feature either new companies or have updated information. MyLab Economics highlights a brief video that summarizes the key points of each chapter opener. New - Chapters 1--4 , include new An Inside Look features to help students apply economic thinking to current events and policy debates as they are presented in news articles. Additional news articles and analyses appear weekly on MyLab Economics. New - Apply the Concepts include"Virtual Reality Headsets: Will a Substitute Fail for a Lack of Complements?"; "Millennials Shake Up the Markets for Soda, Groceries, Big Macs, and Running Shoes"; and "Forecasting the Demand for Premium Bottled Water.
" More than 60 Apply the Concepts videos in MyLab Economics provide real-world reinforcement of key concepts and help students interpret what they read and see on the Web and in newspapers. New - Chapter 5, "The Economics of Health Care," opens with a new discussion of how insurance companies are dealing with the effects of the Patient Protection and Affordable Care Act of 2010 . Authors examine the 2017 debate in Congress over whether that act should be extensively revised. New - Chapter 9 , "Inflation, Unemployment, and Federal Reserve Policy," opens with a new discussion of how the Fed''s attempts to bring the economy in for a soft landing will affect General Motors, Toll Brothers, and other firms. New and Updated - Chapter 18 , "Macroeconomics in an Open Economy," opens with a new discussion of the effect of fluctuations in exchange rates on Amazon''s profit. Solved Problem 18.2 analyzes how fluctuations in the value of the yen affect Toyota , and an updated Apply the Concept considers how the Trump administration has reacted to fluctuations in the value of the dollar. Improve comprehension and foster understanding through a student-focused approach An accessible writing style brings concepts to life.
Ninety-four percent of 1,500 students from different colleges and universities across the country who reviewed Hubbard/O''Brien rated the writing style an "A" or "B" compared to their current principles of economics textbook. Updated - Apply the Concepts and Solved Problems from the previous edition are now available in the book''s Instructor''s Manual, where they are available for continued use. Solved Problems provide models of how to solve an economic problem by breaking it down step-by-step . Each includes a problem statement, delineated steps to solve the problem, a graph or table , and Your Turn , which directs students to related end-of-chapter problems for immediate practice . Reach every student with MyLab Deliver trusted content: You deserve teaching materials that meet your own high standards for your course. That''s why we partner with highly respected authors to develop interactive content and course-specific resources that you can trust -- and that keep your students engaged. Digital Interactives are dynamic and engaging activities that use real-time data from the Federal Reserve''s Economic Data (FRED(tm)) to promote critical thinking and application of key economic principles. Pearson eText enhances student learning -- both in and out of the classroom.
Worked examples, media-rich author videos, figure animations, and interactive tutorials bring learning to life, while algorithmic practice and self-assessment opportunities test students'' understanding of the material -- anytime, anywhere via MyLab or the app. Data Visualizations Powered by Real-Time Data. Macroeconomics graphs that contain real data are also available in the eText, allowing instructors to show and discuss what''s really happening in the world from an economics point of view. Every week, macroeconomic news stories and accompanying exercises are posted to MyLab. Assignable and auto-graded, these multi-part exercises ask students to recognize and apply economic concepts to current events. Worksheets are available in the MyLab to give instructors the option to give students pencil to paper practice with graphing and other key topics in the economics course area. They also help to develop critical-thinking skills through short-answer responses. Empower each learner: Each student learns at a different pace.
Personalized learning pinpoints the precise areas where each student needs practice, giving all students the support they need -- when and where they need it -- to be successful. Question Help consists of homework and practice questions that give students unlimited opportunities to master concepts. Learning aids walk students through the problem -- giving them assistance when they need it most. Dynamic Study Modules help students study chapter topics on their own by continuously assessing their knowledge application and performance in real time. The Study Plan gives students personalized recommendations, practice opportunities, and learning aids to help them stay on track. Short answer questions that encourage critical thinking. The authors have added a writing component to a select number of questions to further assess students'' understanding of the material and help develop critical-thinking skills . For example, students may be asked to explain why they shifted a graph in a particular way or why data might have changed over time.
These questions are not auto-graded, but will give students a participation point for answering the question. Instructors can manually adjust grades to reflect the students'' analysis. Teach your course your way: Your course is unique. So whether you''d like to build your own assignments, teach multiple sections, or set prerequisites, MyLab gives you the flexibility to easily create your course to fit your needs. With LMS Integration , you can link your MyLab course from Blackboard Learn(tm), Brightspace® by D2L®, Canvas(tm), or Moodle®. Improve student results: When you teach with MyLab, student performance often improves. That''s why instructors have chosen MyLab for over 15 years, touching the lives of over 50 million students. Check out the preface for a complete list of features and what''s new in this edition.