By Roger A. Arnold
The economic system is hard -- yet economics doesn’t must be! allow Roger Arnold’s MACROECONOMICS open up the area of financial research on your scholars. With extra specified assurance of the monetary and financial obstacle than the other ideas textual content out there, enjoyable and cutting edge pedagogy, effortless customization, and completely built-in electronic and direction administration ideas, MACROECONOMICS is the precise answer for any lecture room. With fascinating popular culture examples, the textual content bolsters pupil curiosity by way of illustrating the unforeseen areas Macroeconomics happens, and the way monetary forces hyperlink occasions to our lives and are a part of your student’s global 24/7. construction at the Video place of work Hours lectures constructed by way of Roger Arnold for the 10th variation, the 11th version positive aspects completely new video resources – Video Questions and difficulties and dealing with Diagrams. Video Questions and difficulties movies stroll the coed via a labored challenge, just like these came across on the finish of every bankruptcy, offering an awesome examine instrument for reference as scholars paintings via assigned difficulties. operating with Diagrams movies show key innovations in brief (averaging 3-5 mins) video items that scholars can play and replay to determine how the graphs and different diagrams are equipped. excellent for self-study or for on-line classes, the whole video resources on hand with MACROECONOMICS offer even larger flexibility for teachers. The 11th variation is built-in with strong assets, reminiscent of Aplia, CengageNOW, and Cengage’s CourseMate for Macroeconomics, which offer unsurpassed making plans and administration instruments, like homework that's instantly assigned, graded, and recorded on-line, or monitoring of students’ time spent with on-line assets. With new content material reflecting a altering financial system and new assets addressing the desires of a altering school room, MACROECONOMICS, 11e is a perfect textual content for ideas courses.
Note: movies now not incorporated.
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Additional info for Economics (11th Edition)
They continue to make all my days happy ones. Roger A. Arnold Copyright 2013 Cengage Learning. All Rights Reserved. May not be copied, scanned, or duplicated, in whole or in part. Due to electronic rights, some third party content may be suppressed from the eBook and/or eChapter(s). Editorial review has deemed that any suppressed content does not materially affect the overall learning experience. Cengage Learning reserves the right to remove additional content at any time if subsequent rights restrictions require it.
Individuals have an incentive to undertake actions for which the benefits are greater than the costs or, stated differently, for which they expect to receive net benefits (benefits greater than the costs). Economists are interested in what motivates behavior. Why does the person buy more of good X when its price falls? Why might a person work longer hours when income tax rates decline? Why might a person buy more of a particular good today if he expects the price of that good will go up next week?
Efficiency The condition when marginal benefits equal marginal costs. easy to find deserters, and they did so by dressing them in bright red uniforms. Certainly, a deserter could throw off his uniform and walk through the countryside in his underwear alone, but in the harsh winters of New England, doing so would guarantee death. He had almost no choice but to wear the bright red uniform. © North Wind/North Wind Picture Archives When George Washington and the colonists fought the British, the colonists were dressed in rags, whereas the British troops were clad in fine bright red uniforms.
Economics (11th Edition) by Roger A. Arnold