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Two new Internet chapters, along with an existing Web chapter, are available at no additional cost. The first of these, “Financial Economics” (Chapter 14Web), examines ideas such as compound interest, present value, arbitrage, risk, diversification, and the risk-return relationship. The second new chapter, “Natural Resource and Energy Economics” (Chapter 27Web) is particularly timely. It covers topics such as the optimal rate of extraction, resource substitution, resource sustainability, oil prices, and alternative energy sources. The third Internet chapter, “The Economics of Developing Countries” (16Web), is updated and available for instructors and students who have a special interest in that topic. Developing economies are often in the news, and many college students have a keen interest in them. (For the chapter outlines for these three chapters, see pages 283, 319, and 541 of this book.)
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Web_Chapter_14
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