Economics Textbook Organization & Topics

The increase in a country's production of goods and services over time.

Short-term ups and downs in the economy.

The state of being jobless when actively seeking work.

A general increase in prices of goods and services.

Study of how resources are used and managed economically.

Using resources in a way they can renew naturally.

Economic study of immigration, both legal and illegal.

Model used to analyze the short-run interactions between aggregate demand and aggregate supply

Integrating the global economy into macroeconomics analysis from the beginning of the course, as it relates to international trade and international finance..

A complete framework for the study of macroeconomics including international trade, balance of payments, exchange rates.

Integrating financial economics more directly into the macro principles course, because of the problems in the financial markets.

A concept in financial economics that involves earning interest on interest over time.

The current worth of a future sum of money or stream of cash flows.

An economical example with examples of products like lettuce, corn, ethanol or gas.

Study of strategic decision-making in competitive situations. Additional examples of strategic interactions are given in the chapter.

Information companies keep confidential to gain a competitive advantage. It could be a formula, technique, or design that gives them a unique edge in the market.

The power of consumers to decide what goods and services are produced. Their preferences guide companies on what to make and sell.

The value of the next best alternative that you forgo when making a choice. It's what you give up by choosing one option over another.

College graduates typically earn significantly more over their lifetimes than those with just high school diplomas.

A school of economic thought that emphasizes government intervention to stabilize the economy, especially during recessions.

A school of economic thought that emphasizes free markets and limited government intervention. Focuses on long-term economic growth.

Using charts and graphs to visually represent economic data and relationships. It helps understand complex economic concepts and trends.

Additional digital resources available online, offering dynamic study aids such as narrated PowerPoints and interactive exercises.

A digital version of the textbook that features interactive tools like highlighting, note-taking, and search functionality.

A comprehensive resource for instructors containing teaching tips, chapter summaries, and additional materials.

Slide shows with audio narration explaining key concepts from each chapter.

A collection of all graphs and tables from the textbook, available for instructors and students.

A website providing resources for both students and instructors, including access to supplemental materials and interactive exercises.

Sections within the Instructor's Manual highlighting significant updates and changes made to each chapter in the new edition.

Clearly stated goals for each chapter, outlining what students should understand after completing the chapter.

The Association to Advance Collegiate Schools of Business. It's a global non-profit organization that accredits business schools worldwide, focusing on quality standards.

It signifies that a business school meets certain quality standards, increasing its credibility and prestige. Students can be confident they're getting a good education.

The AACSB provides guidelines, though not specific requirements, for the content of economics textbooks. There's a focus on essential economics knowledge and skills.

The AACSB identifies six areas of focus for economics education: economic thinking, economic principles, economic history, economic policy, international economics, and contemporary economic issues.

Reviewers, experts in economics, critically evaluate drafts of textbooks to improve their accuracy, clarity, and relevance. They contribute to the overall quality of the book.

Contributors, often prominent economists or educators, offer specific content expertise and perspectives. Their contributions enrich the book's depth and breadth.

Acknowledgments express gratitude and recognize the significant contributions of individuals and institutions in the development of a textbook.

Authors' names on textbooks represent the expertise and credibility behind the content. They are ultimately responsible for the book's accuracy and quality.