Podcast
Questions and Answers
What is one of the main advantages of the Premium Content available at the Online Learning Center?
What is one of the main advantages of the Premium Content available at the Online Learning Center?
Which feature is NOT included in the revised Instructor's Manual?
Which feature is NOT included in the revised Instructor's Manual?
How can instructors utilize the content from the Digital Image Library?
How can instructors utilize the content from the Digital Image Library?
What functionality does the Online Learning Center website provide for students?
What functionality does the Online Learning Center website provide for students?
Signup and view all the answers
What is the purpose of the extra questions and problems included in the resources?
What is the purpose of the extra questions and problems included in the resources?
Signup and view all the answers
Which item would you NOT find in the Premium Content package?
Which item would you NOT find in the Premium Content package?
Signup and view all the answers
What does CourseSmart offer to students beyond the digital text?
What does CourseSmart offer to students beyond the digital text?
Signup and view all the answers
What is indicated as a useful resource for both students and instructors?
What is indicated as a useful resource for both students and instructors?
Signup and view all the answers
What does Chapter 5 primarily introduce in the context of macroeconomics?
What does Chapter 5 primarily introduce in the context of macroeconomics?
Signup and view all the answers
Which topic is NOT covered in the supplementary materials mentioned?
Which topic is NOT covered in the supplementary materials mentioned?
Signup and view all the answers
What does the chapter on Financial Economics primarily examine?
What does the chapter on Financial Economics primarily examine?
Signup and view all the answers
How does the macroeconomic content conclude?
How does the macroeconomic content conclude?
Signup and view all the answers
What does the early introduction of the growth chapter aim to achieve?
What does the early introduction of the growth chapter aim to achieve?
Signup and view all the answers
Which example is used to illustrate concepts in supply and demand?
Which example is used to illustrate concepts in supply and demand?
Signup and view all the answers
Which of the following topics are covered regarding resource management?
Which of the following topics are covered regarding resource management?
Signup and view all the answers
What is a primary learning objective of the financial economics integration in the course?
What is a primary learning objective of the financial economics integration in the course?
Signup and view all the answers
What is emphasized as fundamentally important for standards of living?
What is emphasized as fundamentally important for standards of living?
Signup and view all the answers
What economic principle is emphasized through the additional examples in Chapter 3?
What economic principle is emphasized through the additional examples in Chapter 3?
Signup and view all the answers
Which component of economics is linked back to earlier discussions in the macro analysis?
Which component of economics is linked back to earlier discussions in the macro analysis?
Signup and view all the answers
What analytical tool is introduced to help understand demand shocks?
What analytical tool is introduced to help understand demand shocks?
Signup and view all the answers
Which of the following best describes the approach to immigration as presented in the chapter?
Which of the following best describes the approach to immigration as presented in the chapter?
Signup and view all the answers
Why is the chapter on business fluctuations significant?
Why is the chapter on business fluctuations significant?
Signup and view all the answers
How does the content address students' exposure to alarmist views on economic topics?
How does the content address students' exposure to alarmist views on economic topics?
Signup and view all the answers
Which factors are identified as potential problems related to economic growth?
Which factors are identified as potential problems related to economic growth?
Signup and view all the answers
Which university is associated with contributor Ann Eike?
Which university is associated with contributor Ann Eike?
Signup and view all the answers
Who among the following contributors is associated with a community college?
Who among the following contributors is associated with a community college?
Signup and view all the answers
Which contributor is linked to Duke University?
Which contributor is linked to Duke University?
Signup and view all the answers
Which university is represented by Richard Fowles?
Which university is represented by Richard Fowles?
Signup and view all the answers
Identify the contributor affiliated with Central Florida Community College–Ocala.
Identify the contributor affiliated with Central Florida Community College–Ocala.
Signup and view all the answers
Which contributor represents Seattle Central Community College?
Which contributor represents Seattle Central Community College?
Signup and view all the answers
Who is linked to Florida Atlantic University–Boca Raton?
Who is linked to Florida Atlantic University–Boca Raton?
Signup and view all the answers
Which university is associated with Judith Noonan?
Which university is associated with Judith Noonan?
Signup and view all the answers
What concept do the 'McHits' and 'McMisses' illustrations primarily demonstrate?
What concept do the 'McHits' and 'McMisses' illustrations primarily demonstrate?
Signup and view all the answers
How much more do college graduates typically earn over their lifetimes compared to individuals with only high school diplomas?
How much more do college graduates typically earn over their lifetimes compared to individuals with only high school diplomas?
Signup and view all the answers
What aspect of economics was deleted concerning macro theories in this content?
What aspect of economics was deleted concerning macro theories in this content?
Signup and view all the answers
What type of analysis was integrated into earlier chapters from the macro theories chapter?
What type of analysis was integrated into earlier chapters from the macro theories chapter?
Signup and view all the answers
What completion best fits the advice given regarding college education?
What completion best fits the advice given regarding college education?
Signup and view all the answers
Which topic was incorporated into the chapter on 'Income Inequality, Poverty, and Discrimination'?
Which topic was incorporated into the chapter on 'Income Inequality, Poverty, and Discrimination'?
Signup and view all the answers
What general theme does the discussion of opportunity costs relate to?
What general theme does the discussion of opportunity costs relate to?
Signup and view all the answers
What was the primary reason for deleting the chapter on balance of payments, exchange rates, and trade deficits?
What was the primary reason for deleting the chapter on balance of payments, exchange rates, and trade deficits?
Signup and view all the answers
What does AACSB primarily focus on concerning educational content?
What does AACSB primarily focus on concerning educational content?
Signup and view all the answers
Which of the following best describes the contribution of the reviewed authors?
Which of the following best describes the contribution of the reviewed authors?
Signup and view all the answers
What is the role of the labeled questions in Economics, 18e?
What is the role of the labeled questions in Economics, 18e?
Signup and view all the answers
Who among the following is NOT mentioned as a reviewer?
Who among the following is NOT mentioned as a reviewer?
Signup and view all the answers
Which title best describes Stanley L. Brue's contribution?
Which title best describes Stanley L. Brue's contribution?
Signup and view all the answers
In the context of the document, what is implied by the term 'contributors'?
In the context of the document, what is implied by the term 'contributors'?
Signup and view all the answers
What can be inferred about the economics textbook revisions?
What can be inferred about the economics textbook revisions?
Signup and view all the answers
What is the primary purpose of the acknowledgments section in the document?
What is the primary purpose of the acknowledgments section in the document?
Signup and view all the answers
Study Notes
Chapter Organization in Economics Textbook
- Growth chapter placed early to highlight importance and driving factors
- Followed by chapter on business fluctuations, unemployment, & inflation
- Introduces short-run and short-run economic models early
- Use of AD-AS model to explain fiscal and monetary policy
- Early introduction of international trade & finance integrated into macro analysis
- Connects long-run AD-AS model to earlier growth discussions
- Concludes with chapters on international trade, balance of payments, exchange rates, and trade imbalances
- Includes a bonus Web chapter on these macroeconomic topics (balance of payments, etc.).
New Micro Chapters
- Chapter 15: Natural Resource and Energy Economics examines overpopulation and resource depletion, including declining fertility rates, optimal extraction, substitution, sustainability, oil prices, and alternative energy.
- Chapter 22: Immigration analyzes both legal and illegal immigration economically, offering a balanced perspective.
New Macro Chapter and Content Changes
- Chapter 23: Introduction to Macroeconomics introduces revised macroeconomic content concisely, motivating study and establishing an analytical framework.
- Chapter 34: Financial Economics explains concepts like compound interest, present value, arbitrage, risk, diversification, and the risk-return relationship. This chapter is deemed important for understanding today's economy, since financial markets have faced recent challenges.
- Deleted the mainly macro chapter on Balance of payments, exchange rates, and trade deficits
- Integrated Keynesian/Classical macro theories with graphical analysis in earlier chapters.
Supplementary Materials/Appendices
- Added examples to Chapter 3 on supply and demand (including lettuce, corn, ethanol, pink salmon, gasoline, sushi, and Olympic Games illustrations).
- Consolidated and placed additional game theory applications (like trade secrets and McDonald's examples) in the chapter on income inequality, poverty, and discrimination.
Additional Notes
- Separate study guides available for macro and micro paperback editions
- Premium content available online includes narrated PowerPoint presentations, corresponding to learning objectives, for enhanced study.
- Digital Image Library provides access to all graphs and tables in the textbook.
- Online Learning Center (www.mcconnell18e.com) serves as a central resource for students and instructors.
- Reviewers and contributors listed.
- Text is designed for macro and micro split versions, with balance of payments in the standard versions.
Studying That Suits You
Use AI to generate personalized quizzes and flashcards to suit your learning preferences.
Related Documents
Description
Explore the structure and key themes of an economics textbook, focusing on macroeconomic principles like growth, business fluctuations, and international trade. The quiz also delves into new micro chapters on natural resources and immigration, highlighting contemporary economic issues. Test your understanding of how these chapters are interlinked and their implications for economic policy.
