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Readers of Principles of Economics, Twelfth Edition come away with a basic understanding of how market economies function, an appreciation for the things they do well, and a sense of things they do poorly. With the latest research and added exercises, readers begin to learn the art and science of economic thinking and start to look at some policy and even personal decisions in a different way.

This title is available with MyEconLab—an online homework, tutorial, and assessment program designed to work with this text to engage students and improve results. Within its structured environment, students practice what they learn, test their understanding, and pursue a personalized study plan that helps them better absorb course material and understand difficult concepts. About the Author Karl E. Case is Professor of Economics Emeritus at Wellesley College where he has taught for 34 years and served several tours of duty as Department Chair.

Professor Case received his B. He is author or coauthor of five books, including Principles of Economics, Economics and Tax Policy, and Property Taxation: The Need for Reform, and he has published numerous articles in professional journals. For the last 25 years, his research has focused on real estate markets and prices.

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Which Oster Adjustable are good in the current market? Where can you find information like this about Oster Adjustable? The end-of-chapter problems in select chapters include Real-Time Data Exercises that use the latest data from FRED to help students become familiar with this key data source, learn how to locate data, and develop skills in interpreting data.

Current News Exercises. Every week, current Microeconomic and Macroeconomic news stories, with accompanying exercises, are posted to Pearson MyLab Economics. Custom Exercise Builder gives instructors the flexibility to create their own problems for assignment. Pearson eText. Engagement during lectures is essential to student success, and continuing that engagement outside of class is just as critical. Combining resources that illuminate content with accessible self-assessment, Pearson MyLab Economics with eText provides students with a complete digital learning experience—all in one place.

Question Help. Pearson MyLab Economics's homework and practice questions are correlated to the textbook; they generate algorithmically to give students unlimited opportunity for practice and mastery, and offer helpful feedback when students enter incorrect answers. Figure Animations. Key textbook figures are accompanied by a step-by-step animation, with audio, to help students learn the intuition behind reading and interpreting graphs.

For each major figure, a graph drawing exercise accompanies the step-by-step animation. Reporting Dashboard. View, analyze, and report learning outcomes clearly and easily, and get the information you need to keep your students on track throughout the course, with the new Reporting Dashboard.

New to This Edition. Shows the Power and Breadth of Economic Models Chapter 8 uses the example of a Taylor Swift concert to explain fixed versus variable costs. Chapter 16 looks at how firms use carbon prices to motivate managers to be more conscious in their investment decisions about the environment. The supply of money and demand for money chapters have been merged into one chapter to streamline analysis Chapter 10 Important macroeconomic concepts and trends are discussed, including The Fed interest rate rule Chapter 10 UPDATED!

The Scope and Method of Economics 2. The Economic Problem: Scarcity and Choice 3. Demand, Supply, and Market Equilibrium 4. Introduction to Macroeconomics 6. Measuring National Output and National Income 7. Aggregate Expenditure and Equilibrium Output 9.

The Government and Fiscal Policy Money, the Federal Reserve, and the Interest Rate Financial Crises, Stabilization, and Deficits Long-Run Growth International Trade, Comparative Advantage, and Protectionism Critical Thinking about Research. Share a link to All Resources.

Instructor Resources. Websites and online courses. Other Student Resources. Previous editions. Principles of Macroeconomics, Global Edition. Relevant courses. Principles of Macroeconomics Economics. Next editions.