Economics Today: The Micro View – 19th Edition (Ebook PDF)

Delivery: Can be download Immediately after purchasing

Version: Only PDF Version.

Compatible Devices: Can be read on any devices (Kindle, NOOK, Android/IOS devices, Windows, MAC)

Quality: High Quality. No missing contents. Printable

_____________________________________________________________

Economics Today: The Micro View – 19th Edition (Ebook PDF)

Authors: by Roger LeRoy Miller (Author)

For courses in Microeconomics.

Economics brought to life through real-world application

Readers learn best when they see concepts applied to examples from their everyday lives, so Economics Today: The Micro View addresses real, cutting-¿edge issues while facilitating individual learning. The text shows readers how economics is front and center in their daily routines, while providing them with many ways to evaluate their understanding of key concepts covered in each chapter. The 19th Edition also includes a new emphasis on behavioral economics, along with all-new problems, vignettes, and features that engage readers and help them focus on the central ideas in economics today.

PREFACE
How do we motivate students in economics? I believe that we should present them with economic explanations for what is happening around them and throughout the world. Theory may be the backbone of our discipline, but its application is the only way we can help our students understand the importance of economics in their daily lives and for their futures.
New and Increased Emphasis on Behavioral Economics
The theory of bounded rationality forms the basis of behavioral economics. This theory is expanded upon in the introductory chapter, and in many other chapters.
More importantly, in keeping with the desire to show the applicability of theory, every single chapter in the 19th edition has a behavioral economics example.
New Additional End-of-Chapter Problems
In this 19th edition, you will find six to eight new problems at the end of each chapter. Many are based on the interactive graphs within the chapter. They require students to apply their critical thinking skills learned from the chapter.
New Questions in MyEconLab
With the 19th edition, we have added close to 500 new assignable questions in MyEconLab, expanding the database of questions to an average of over 100 questions per chapter.
MyEconLab—Getting Better with Each Edition
• Figure Animations: Figure animations provide a step-by-step walk-through of select figures. Seventy percent of all figures are animated. Figure animations have been updated to reflect changes to the 19th edition.
• Concept Checks: Each section of each learning objective concludes with an online Concept Check that contains one or two multiple-choice, true/false, or fill-in questions. These checks act as “speed bumps” that encourage students to stop and check their understanding of fundamental terms and concepts before moving on to the next section. The goal of this digital resource is to help students assess their progress on a section-by-section basis, so they can be better prepared for homework, quizzes, and exams.
• Graphs Updated with Real-Time Data from FRED®: Data graphs in the eText are continually updated with the latest data from FRED®, which is a comprehensive, up-to-date data set from the Federal Reserve Bank of St. Louis. Students can display a pop-up graph that shows new data plotted in the graph. The goal of this digital feature is to provide students with the most current macro data available
so that they can observe the changing impacts of these important variables on the economy.
Assessments using current macro data help students understand changes in economic variables and their impact on the economy. Real-time data analysis exercises in MyEconLab also communicate directly with the Federal Reserve Bank of St. Louis’s FRED® site and automatically update as new data are available.
These exercises allow students to practice with data to better understand the current economic environment.
• Self Checks: Self Checks appear at the end of every Learning Objective section. Self-Check questions allow students to check their understanding of the key concepts they just read before moving.
on. All questions and answers are available in MyEconLab.
• Dynamic Study Modules: Dynamic Study Modules, available within MyEconLab, continuously assess student performance on key topics in real time and provide additional and personalized practice content. Dynamic Study Modules exist for every chapter and are available on all mobiledevices for on-the-go studying.
• Digital Interactives: Digital Interactives are dynamic and engaging assessment activities that promote critical thinking and application of key economic principles. Each Digital Interactive has 3–5
progressive levels and requires approximately 20 minutes to explore, apply, compare, and analyze each topic. Many Digital Interactives include real-time data from FRED®, allowing professors and
students to display, in graph and table form, up-to-the-minute data on key macro variables. Digital Interactives can be assigned and graded within MyEconLab, or used as a lecture tool to encourage.
engagement, classroom conversation, and group work.
• Learning Catalytics®: Learning Catalytics® generates classroom discussion, guides lectures, and promotes peer-to-peer learning with real-time analytics. Now students can use any device to interact in the classroom, engage with content, and even draw and share graphs.
• Enhanced eText for MyEconLab: The Pearson eText for MyEconLab gives students access to their textbook anytime, anywhere. In addition to note-taking, highlighting, and bookmarking, the
Pearson eText offers interactive and sharing features.
Continuing Emphasis on Public Policy Public policy issues concern your students just as they concern everyone else. Much of the theory throughout this text relates to exactly how changing public policies affect all of us.
• In Chapter 2, readers will find out why “free” tax-filing services from the IRS really aren’t free.
• When water becomes scarcer because of droughts, how politicians respond affects everyone, as your students will read in
Chapter 4.
• Poorly defined property rights to airspace occupied by drones is an issue addressed in Chapter 5
42 PART 1 | INTRODUCTION somewhere else in the country, U.S. employment would decline. That has never happened and never will.
When nations specialize in an area of comparative advantage and then trade with the rest of the world, the average standard of living in the world rises. In effect, international trade allows the world to move from inside the global production possibilities curve toward the curve itself, thereby improving worldwide economic efficiency. Thus, all countries that engage in trade can benefit from comparative advantage, just as regions in the United States benefit from interregional trade. MyEconLab Concept Check MyEconLab Study Plan
Reducing the Opportunity Cost of Waiting in Gridlocked Traffic, at a Price Four decades ago, Howard Becker, founder of Becker Automotive, Inc.,
started a Los Angeles business installing sound systems in homes and vehicles. His company is still based in that area, but now it specializes in reducing the opportunity cost of the hours that people spend traversing congested highways and surface roads. Becker’s customers are individuals who had previously been among U.S. commuters who devote a combined 7 billion hours per year self-driving.
their vehicles slowly through nearly gridlocked traffic instead of pursuing other activities.
At prices that typically start at $150,000, Becker’s firm converts chauffeur-driven vans and limos into mobile.