Complete economics coverage shows students how economics is relevant to their lives NEW and UPDATED - Examples and policy discussions detail developments in US and world economies, including the longest economic expansion in the history of the US economy, the first significant international trade war since the 1930s, and record peacetime federal budget deficits -- helping students become educated consumers, voters, and citizens. NEW and UPDATED - Chapter-opening Cases illustrate how the economic concepts presented in the text impact real-life businesses, including Nike, Apple, Lyft, and Whirlpool -- providing a unifying theme for the chapter and sparking students'' interest. Students can also visit MyLab(tm) Economics to watch a brief video by author Glenn Hubbard that summarizes the key points of each chapter opener. Chapter-opening Economics in Your Life & Career boxes ask students to consider questions related to their lives and careers -- adding a personal dimension to the material. NEW and UPDATED - End-of-chapter Questions, Problems, and Critical Thinking Exercises help students apply what they''ve learned in the chapter, build skills to analyze and interpret information, and apply reasoning and logic to new or unfamiliar ideas and situations. Student-focused features enhance understanding of key economic topics NEW - An Inside Look 2-page feature in chapters 1 through 4 uses news articles to teach students how to apply economic thinking to current events and policy debates. An excerpt of the article, step-by-step analysis, corresponding graph or table, and Thinking Critically exercise are provided. Additional articles are routinely posted to MyLab Economics.

NEW and UPDATED - Apply the Concepts features reinforce key concepts and help students interpret what they read in the news. Each Apply the Concept has a related question in the end-of-chapter Problems and Applications section. Students can then visit MyLab Economics to watch a brief video by author Glenn Hubbard that summarizes the key points of each. Twenty-one new Apply the Concepts have been added and others have been revised in the 8th Edition. Don''t Let This Happen to You boxes alert students to the most common pitfalls in the chapter''s material. This is followed up with a related question in the end-of-chapter Problems and Applications section. NEW - Solved Problems show students how to solve an economic problem by breaking it down step by step. New to this edition are 6 Solved Problems and whiteboard videos of select Solved Problems that bring these real-world issues to life with audio, background photos, and construction of graphs and tables.

UPDATED - Concept Checks, consisting of multiple-choice, true/false, and fill-in-the-blank questions, act as "speed bumps" that encourage students to stop and check their understanding of fundamental terms and concepts before moving on to the next section. UPDATED - 155 Figures, tables, and their animations provide clear insights into economic issues, and have been updated so students are working with the latest data available. A widget-free approach and modern organization give students a solid foundation in economics A strong set of introductory chapters (1 - 4) provide students with a solid foundation in the basics, including marginal analysis and economic efficiency. Early coverage of policy issues (chapters 1, 4, 5, 6, and 7) helps clarify ideas encountered in later chapters. Topics include trade policy and tariffs; rent control and minimum wage; air pollution, global warming, and public goods; government policy toward soda / sweetened beverages; and health care policy. Complete coverage of monopolistic competition in chapter 13 precedes that of oligopoly (chapter 14) and monopoly (chapter 15), allowing for early discussion of topics such as brand management and sources of competitive success. A flexible organization lets instructors cover these 3 important sources of competition in the order best suited for their classes. Extensive, realistic game theory coverage in chapter 14 analyzes competition among oligopolists (including Apple, Amazon, Dell, Spotify, and Walmart), helping students to understand how companies with market power make strategic decisions in many competitive situations.

Also available 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. 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. 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. UPDATED - Animated Graphs in MyLab accompany many of the key graphs and figures in the text, and have been updated with real-time data from the Federal Reserve''s Economic Data (FRED(tm)) -- a comprehensive, up-to-date data set maintained by the Federal Reserve Bank of St.

Louis. These animated graphs help students understand shifts in curves, movements along curves, and changes in equilibrium values. UPDATED - Digital Interactives are dynamic and engaging assessment activities that promote critical thinking and the application of key economic principles. Many Digital Interactives also include real-time data from FRED, allowing professors and students to display up-to-the-minute data in key areas. Digital Interactives can be assigned and graded within MyLab Economics, or used as a lecture tool to encourage engagement and classroom conversation. UPDATED - Solved Problem Videos are whiteboard-style videos that walk students in real time through select Solved Problems, bringing this hallmark feature to life. 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.

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.