Economics

Economics, Fifth Edition provides students with the tools required to think like an economist. Solid coverage of core economic theory is coupled with appropriate discussion of modern topics to provide students with the foundation required to master economic principles. Graphical analysis is explained clearly and carefully, using color and labels consistently throughout the entire Parkin text and supplements program. Economics in Action 5.0, the market leader in principles of economics software, is packaged at no additional cost to students when they purchase the Fifth Edition. By taking students through the steps necessary to understand a concept, this software directs students as they explore economic theory at their own pace.Economics comes alive as students change parameters and see for themselves the shifting curves and changing outcomes. They check their understanding by working quizzes. Students use EIA's graphing palette to actually draw and shift curves, and the software checks that they have made the correct graph. Results can be printed, or students can e-mail them to their instructor for quick assessment.*NEW!;`Reading Between the Lines' and `Policy Watch' applications guide students in drawing the main ideas from actual current news stories and in analyzing the information from an economic perspective.*NEW! `Part Wrap-Ups' recap, integrate, and analyze the key themes of the preceding chapters by focusing on the main ideas and on the past and contemporary economists*NEW! In-chapter highlighted `Review Quiz' *NEW! Test Bank III, with 4000 new questions compiled by a select group of respected educators, further expands the rich resources of the Parkin package*Repeated use of core economic ideas and tools to help students understand the issues of today's world (see table of contents)*NEW! Macro Chapter 24, `Measuring Employment and Unemployment,' covers the measurement issues in the labor market*NEW! Macro Chapter 26, `The Economy at Full Employment', looks at the relationship between production and employment, and the forces that determine the quantity of employment*Updated Chapter 19, `Regulation and Antitrust Law', reflects the latest thinking about antitrust and probes the important issues behind such newsworthy current events as the government's case against Microsoft*NEW!;Micro Chapter 10, `Organizing Production,'introduces the field of industrial organization and examines the four main market types*Extensively revised Micro Chapter 5, `Elasticity' places emphasis on using the concept of elasticity to predict changes in price and quantity