Economics

This product accompanies:
Heyne, Boettke & Prychitko,  Economic Way of Thinking, The, 12/E

Primarily for a one-semester survey course in general economics.

This is an issued based economics text that teaches students to think like economists not do economics.

Do you find your students plugging and chugging the equations, and not seeing the forest for the trees in this economic course?  How do you overcome that in your current course?

 Unique end of chapter material

~Stresses critical thinking exercises over formal modeling and number crunching.  Promotes a conceptual understanding over a simple memorization of facts, definitions, and formulas.

Do your students get distracted by boxed material, and busy pedagogy?  Do your students skip over “boxed applications”?

Streamlined, linear presentation of material.

~Employs a “less is more” philosophy, allowing students to focus as they read the text, and helps them see the big picture.

 Applications integrated into the body of the text.

~Applications play an integral part in both conceptual learning and student motivation.  Heyne strongly insisted that they were not to be relegated to “boxed applications”.

Do your students get frustrated trying to decipher complicated graphs, only to miss the concept in the end?

Clear, focused graphs, used only when necessary.

~Heyne strategically integrates graphs only when necessary, carefully focusing them on the point at hand. 

~Students can quickly and easily interpret these graphs, and integrate them into their overall economic thinking framework.

Have you heard of Paul Heyne?

Respected co-authors—Peter Boettke (George Mason University) and David Prychitko (Northern Michigan University) remain true to Paul Heyne's style and wit. They continue the book's coordinationist themes, clear focus on property rights and its emphasis on the dynamic, informational characteristics of markets.

~Taking their cue from Paul Heyne’s innovative style of teaching economics, the authors use language that speaks to students, rather than dictating to them.

Do your students have a hard time with the concepts of Quantity Demanded and Quantity Supplied?  How do you teach Quantity Demanded and Quantity Supplied?

Clarified the continuing theme in all previous editions–the market as a coordinating process. Quantities demanded and supplied are interpreted as plans among consumers and producers. Market clearing is discussed as a meshing of these plans.

~By making connections between different concepts and following a single continuous theme, students can get a clearer sense of the big picture and can better draw conclusions.

How do you incorporate International Issues in this course?

Data is incorporated from the Index of Economic Freedom in the discussion of the performance of economic systems. This emphasizes the argument that the security of property, freedom of contract, open trade and monetary and fiscal constraint are essential policy ingredients that explain why some countries perform well and others not so well.

~Gives students insight about international policy issues and how they affect the economic environment.

Accomplishing more with less. The 11^th edition offers a solid discussion and development of economic principles, and a wealth of probing, illuminating applications to the every day world around us.

~Provides students with more thinking, more application, and more insight–with less emphasis on formal modeling.

The concept and role of property rights is now introduced up front, in Chapter 1.

~This relevant issue is presented earlier because students have had or will have experience with it.

Chapter 2 on “Efficiency, Exhange, and Comparative Advantage now introduces the concept of economic efficiency. Also added is a new appendix introducing students to the issue of economic growth.

~A clearer discussion of economic "goods and bads" aids students in grasping these sometime confusing concepts.

Chapter 5, “Supply and Demand: A Process of Cooperation”, now features a new appendix on time preference and interest rates.

~Gives students a clearer understanding of supply and demand.

Minimum wage and agricultural price supports have been added to Chapter 6.

~Coverage of these topics, which are of interest to students, have been incorporated to promote relevance to students.

Chapter 19 on “National Policies and International Exchange” now contains a discussion on the globalization and outsourcing debates.

~These are two very hot topics in the current economic environment that ultimately may even have a direct effect on the student, thus peaking interest.

Chapter 20 on “Promoting Economic Growth” has a new appendix focusing on the difficulties of international comparisons.

~Offers a clearer understanding of how to categorize various economic states and make comparisons.

A new glossary has been added.

~Includes definitions of more than 100 terms used in the book to help students become acquainted with economic concepts and terminology.

1. The Economic Way of Thinking

2. Efficiency, Exchange, and Comparative Advantage

3. Substitutes Everywhere: The Concept of Demand

4. Opportunity Cost and the Supply of Goods

5. Supply and Demand: A Process of Cooperation

6. Supply and Demand: Issues and Applications

7. Profit and Loss

8. Competition and Monopoly

9. Price Searching

10. Competition and Government Policy

11. The Distribution of Income

12. Externalities and Conflicting Rights

13. Markets and Government

14. The Overall Performance of Economic Systems

15. Employment and Unemployment

16. The Supply of Money

17. Monetary and Fiscal Policies

18. Economic Performance and Political Economy

19.   National Policies and International Exchange

20.   Promoting Economic Growth

21.   The Limitations of Economics

Economic Issues  (Economics)
One-Semester Principles of Economics  (Economics)

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  Economic Way of Thinking, The, 12/E
  Heyne, Boettke & Prychitko
  ©2010 | Prentice Hall | Paper; 456 pp | Instock
  ISBN-10: 0136039855 | ISBN-13: 9780136039853
  Suggested retail price: $147.67  Buy from myPearsonStoreNet price: $110.75  (What's this?)Brief Description

  

  For one semester survey courses in general economics

   

  Teach your students how to think like economists.

   

  The Economic Way of Thinking goes beyond explaining the basic principles of micro- and macroeconomic analysis by showing students a method of reasoning that teaches them how to apply these principles as tools. The authors expose students to a method of reasoning that makes them think like an economist through example and application and also shows them how not to think, by exposing errors in popular economic reasoning.

   

  The latest edition has been thoroughly updated with current material.

Pearson Higher Education offers special pricing when you choose to package your text with other student resources. If you're interested in creating a cost-saving package for your students, browse our available packages below, or contact your Pearson Higher Education representative to create your own package.

Package ISBN-10: 0136140513 | ISBN-13: 9780136140511
©2007 | Instock (Additional assembly time required)
Suggested retail price: $177.67  Buy from myPearsonStore
Net price: $133.25  (What's this?)
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