Colanders Economics 11e is specifically designed to help todays students succeed in the principles of economics course and grasp economics concepts they can apply in their daily lives. Colanders trademark colloquial approach focuses on modern economics, institutions, history, and modeling. Colander presents and applies economic models, but also encourages students to think about model nuances, building their critical thinking skills and applying models to the real world.
Content in Colander is organized around learning objectives to make it easier for students to understand the material and for instructors to build assignments within Connect. Through Connect and SmartBook, students will find engaging activities, helpful tutorial videos, and learning resources at that moment of need.
PART 1: INTRODUCTION: THINKING LIKE AN ECONOMIST1 Economics and Economic Reasoning2 The Production Possibilities Model, Trade, and Globalization 3 Economic Institutions 4 Supply and Demand5 Using Supply and Demand
PART II: MICROECONOMICSTHE POWER OF TRADITIONAL ECONOMIC MODELS6 Describing Supply and Demand: Elasticities 7 Taxation and Government Intervention 8 Market Failure versus Government Failure8W Politics and Economics: The Case of Agricultural Markets
INTERNATIONAL ECONOMIC POLICY ISSUES9 Comparative Advantage, Exchange Rates, and Globalization 10 International Trade Policy
PRODUCTION AND COST ANALYSIS11 Production and Cost Analysis I 12 Production and Cost Analysis II
MARKET STRUCTURE13 Perfect Competition 14 Monopoly and Monopolist Competition15 Oligopoly and Antitrust16 Real-World Competition and Technology
FACTOR MARKETS17 Work and the Labor Market 17W Nonwage and Asset Income: Rents, Profits, and Interest18 Who Gets What? The Distribution of Income
CHOICE AND DECISION MAKING19 The Logic of Individual Choice: The Foundation of Supply and Demand 20 Game Theory, Strategic Decision Making, and Behavioral Economics
MODERN ECONOMIC THINKING21 Thinking Like a Modern Economist22 Behavioral Economics and Modern Economic Policy23 Microeconomic Policy, Economic Reasoning, and Beyond
PART III: MACROECONOMICSMACROECONOMIC BASICS24 Economic Growth, Business Cycles, and Unemployment 25 Measuring and Describing the Aggregate Economy
POLICY MODELS26 The Keynesian Short-Run Policy Model: Demand-Side Policies 26W The Multiplier Model 27 The Classical Long-Run Policy Model: Growth and Supply-Side Policies
FINANCE, MONEY, AND THE ECONOMY28 The Financial Sector and the Economy 29 Monetary Policy 30 Financial Crises, Panics, and Unconventional Monetary Policy
TAXES, BUDGETS, AND FISCAL POLICY31 Deficits and Debt: The Austerity Debate32 The Fiscal Policy Dilemma
MACROECONOMIC PROBLEMS33 Jobs and Unemployment 34 Inflation, Deflation, and Macro Policy
INTERNATIONAL MACROECONOMIC POLICY ISSUES35 International Financial Policy 36 Macro Policy in a Global Setting 37 Structural Stagnation and Globalization38 Macro Policy in Developing Countries