Economics Principles, Applications and Tools 7th Edition PDF Download Ebook. Arthur O'Sullivan, Steven Sheffrin and Stephen Perez drive interest, applications that illustrate concepts, and the tools to test and solidify comprehension.
Students come into their first Economics course thinking they will gain a better understanding of the economy around them. Unfortunately, they often leave with many unanswered questions. To ensure students actively internalize economics, authors use chapter-opening questions to spark interest on important economic concepts, applications that vividly illustrate those concepts, and chapter-ending tools that test and solidify understanding.
Revised and updated treatment of banking and the monetary system in Chapters 13, 14, and 17 as the Federal Reserve made important changes in its operating procedures, such as purchasing new types of securities, paying interest on reserves, and establishing new mechanisms to support financial markets in a time of stress.
All of the end-of-chapter text questions are replicated in MyEconLab with the same numbers to make creating homework easier for instructors, and remediation easier for students. Chapter-opening questions spark students’ interest on important economic concepts. After drawing students into the material, these opening questions are paired with in-chapter applications that bring the economic concept to life. Exercises that test students’ understanding of the questions, concepts and applications appear in the end-of chapter materials.
Authors show students the logic of economic reasoning and demystify the tools of economics. The 5 principles are first presented in Chapter 2,and then the authors return to these 5 principles throughout the text to remind students of the underlying logic behind newly presented concepts
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