Understanding Economics: A Contemporary Perspective, 3/e
Mark Lovewell,
Ryerson University
ISBN: 0070916543 Copyright year: 2005
Feature Summary
New Features :
Brevity & Core Content The author presents basic economics and the workings of our economy in a brief, one-semester text. This content includes the AD/AS model as well as the AE model, supported by selected key graphs to help students learn the models.
Accessible This text has been lauded for it’s clear and engaging writing style as well as its well-paced introduction of concepts and topics.
- Careful attention is paid to the math content ensuring it is clear and manageable.
- The interactive graphics added to the OLC will assist students to visualize the curve shifts in some of the more difficult models.
- Skills Resource section guides students in evaluating their own work or that of others to see that it is precise and logical
Applicable to student's lives The text provides many opportunities for students to see how economics relate to the world around them
- Sideline Articles: present a wide range of current economic issues. Optional Sideline Articles are now available on the Online Learning Centre.
- Advancing Economic Thought: details the ideas of economic thinkers (past and present) encouraging students to judge their current relevance.
- Thinking About Economics: Many of these pieces have a contemporary focus on new technology and the Internet. They are accompanied by questions to provoke student thinking and discussion, with answers to these questions added to the Online Learning Centre.
Practice Questions are added to the Brief Review section with answers provided on the Online Learning Centre.
This revision is focused on fine-tuning the text and improvements to the formula, organization and online support.
- Chapter 11 now includes an appendix that deals with the basic aggregate expenditures model.
- Chapter 12 Appendix now deals with the extension of the aggregate expenditures model to include government.
- Chapter 15's treatment of the balance of payments accounts has been amended to conform with recent reporting changes by Statistics Canada
Retained Features :
Unique Pedagogy The concepts are illustrated and reinforced through interesting and brief stories and articles about current and historical economic events. These are key to the currency and relevancy of the text. There is also material from Stats Canada's CanSim site incorporated into the text, requiring students to interact with this real, up-to-the-minute data.
Strong Support Package An already strong supplements package is made even stronger with the addition of Issues-based Articles and Interactive Java Graphics to enhance the Online Learning Centre.
To obtain an instructor login for this Online Learning Center, ask your local sales representative.
If you're an instructor thinking about adopting this textbook, request a free copy for review.
2005 McGraw-Hill Higher Education