Nelson Higher Education

Higher Education

Exploring Economics, 7th Edition

  • Robert L. Sexton
  • ISBN-10: 128585943X
  • ISBN-13: 9781285859439
  • 960 Pages | Hardcover
  • Previous Editions: 2013, 2011, 2008
  • COPYRIGHT: 2016 Published
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Overview

About the Product

Prepare students with a solid understanding of economic principles and how these principles affect their daily lives with Sexton's unique EXPLORING ECONOMICS, 7E. Rather than a traditional encyclopedic text filled with technical details, this book offers a modern, "back-to-basics" approach designed to encourage economic literacy and help students appreciate how economics impacts both business and personal life. The latest edition of this reader-friendly book includes new online learning tools, a visually appealing design, and the latest captivating content to encourage students to read and master the material. Packed with examples from current events and pop culture, EXPLORING ECONOMICS makes economic concepts less intimidating while conveying the real-world relevance of what students are learning. A wealth of helpful resources, including the leading Aplia online homework solution, MindTap online learning resources, and Write Experience, work together to further demonstrate economic applications in today's world. Throughout this course, the author shares and inspires in your students the same excitement he felt when he took his first economics class.

Features

  • LEADING Aplia ONLINE HOMEWORK MANAGEMENT SYSTEM ENCOURAGES INTERACTIVE LEARNING. Aplia offers a comprehensive collection of interactive economic problem sets, analysis, tutorials, and experiments that require students to take an active role in the learning process. Students benefit from hands-on applications without creating extra work for you. The system automatically grades and records homework and works with any learning management system.

  • CONTENT BUILDS ON WELL-KNOWN PRINCIPLES OF LEARNING AND MEMORY. Students are able to absorb the economics material more easily and completely with this book's proven approach. Each chapter includes several short sections of just three to six pages that present an economic concept and function as self-contained learning units. This approach offers greater flexibility for you and allows students to grasp and retain information more readily.

  • CHAPTERS HIGHLIGHT THE CONNECTION BETWEEN ECONOMICS AND EVERYDAY ISSUES. Students learn as they examine economics at work in intriguing topics such as sex on television, property rights, and song swapping. "In the News" synopses present relevant and thought-provoking news stories, and "Global Watch" features explore economic causes and implications of international current events. In addition, "Using What You've Learned" exercises challenge students to apply key concepts from the text.

  • APPEALING DESIGN AND ABUNDANT VISUALS KEEP READERS ENGAGED. This book's visual approach helps keep students immersed in economics and actively learning as the book's photos, graphs, tables, and charts illustrate, clarify, and reinforce key economic principles.

  • DYNAMIC WRITING STYLE BRINGS ECONOMIC PRINCIPLES TO LIFE. The author's intriguing approach helps students stay interested in the material, and the text's brief, easy-to-digest sections, built-in review questions, and frequent real-life examples and applications make learning easier and more effective.

About the Author

Robert L. Sexton

Robert L. Sexton is Distinguished Professor of Economics at Pepperdine University. Professor Sexton has also been a Visiting Professor at the University of California at Los Angeles in the Anderson Graduate School of Management and the Department of Economics. Professor Sexton’s research ranges across many fields of economics: economics education, labour economics, environmental economics, law and economics, and economic history. He has written several books and has published numerous reference articles, many in top economic journals such as the American Economic Review, the Southern Economic Journal, the Economics Letters, the Journal of Urban Economics, and the Journal of Economic Education. Professor Sexton has also written more than 100 other articles that have appeared in books, magazines, and newspapers. He received the Pepperdine Professor of the Year Award in 1991, the Harriet and Charles Luckman Teaching Fellow in 1994, the Tyles Professor of the Year in 1997, and the Howard A. White Award for Teaching Excellence in 2011.

Table of Contents

Part I: INTRODUCTION.
1. The Role and Method of Economics.
Appendix: Working with Graphs.
2. Eight Powerful Ideas.
3. Scarcity, Trade-Offs, and Production Possibilities.
Part II: SUPPLY AND DEMAND.
4. Demand, Supply, and Market Equilibrium.
5. Market in Motion and Price Controls.
6. Elasticities.
Part III: MARKET EFFICIENCY, MARKET FAILURE, AND THE PUBLIC SYSTEM.
7. Market Efficiency and Welfare.
8. Market Failure.
9. Public Finance and Public Choice.
Part IV: HOUSEHOLDS AND MARKET STRUCTURE.
10. Consumer Choice Theory.
Appendix: A More Advanced Theory of Consumer Choice.
11. The Firm: Production and Costs.
Appendix: Using Isoquants and Isocosts.
12. Firms in Perfectly Competitive Markets.
13. Monopoly and Antitrust.
14. Monopolistic Competition and Product Differentiation.
15. Oligopoly and Strategic Behavior.
Part V: INPUT MARKETS AND MICROECONOMIC POLICY ISSUES.
16. The Markets for Labor, Capital, and Land.
17. Income, Poverty and Health Care.
Part VI: MACROECONOMIC FOUNDATIONS.
18. Introduction to Macroeconomics: Unemployment, Inflation, and Economic Fluctuations.
19. Measuring Economic Performance.
20. Economic Growth in the Global Economy.
21. Financial Markets, Saving, and Investment.
Appendix: Calculating Present Value.
Part VII: THE MACROECONOMIC MODELS.
22. Aggregate Demand and Aggregate Supply.
23. The Aggregate Expenditure Model.
Part VIII: MACROECONOMIC POLICY.
24. Fiscal Policy.
25. Money, Banking, and the Federal Reserve System.
26. Monetary Policy.
27. Issues in Macroeconomic Theory and Policy.
Part IX: THE GLOBAL ECONOMY.
28. International Trade.
29. International Finance.

New to this edition

  • NEW GRAPHING FLASH CARDS ASSIST IN THE STUDY AND MASTERY OF ECONOMIC GRAPHS. These new Graphing Flash Cards, available on MindTap™, enable students to study and test their understanding of economic graphs in the book. The Graphing Flash Cards are digital, interactive flash cards adapted to work with this edition's graphs, questions, and answers.
  • NEW FREQUENTLY MISSED TEST QUESTIONS (FMTQs) HELP PINPOINT POSSIBLE AREAS OF CHALLENGE. Available on MindTap™, the FMTQs represent the concepts and questions most often missed by students. The book's author, Dr. Robert Sexton, provides helpful short videos that further explain and clarify these areas of possible confusion for students.
  • NEW ADAPTIVE TEST PREP HELPS STUDENTS PREPARE FOR TEST SUCCESS. The Adaptive Test Prep on MindTap™ provides a variety of multiple-choice questions to help students further prepare for a quiz or an exam. The Adaptive Test Prep offers a detailed analysis of areas of strengths and weaknesses to better assess a student's individual needs.
  • NUMEROUS NEW STORIES AND VIBRANT EXAMPLES REFLECT CURRENT EVENTS AND DEVELOPMENTS. Students see economics in practice through memorable examples such as how Chilean bus drivers respond to incentives, how fishermen in Mumbia use cell phones, Venezuelan's price controls, and housing prices in Houston and New York City.
  • THE LATEST CONTENT HIGHLIGHTS RECENT ECONOMIC AND BUSINESS DEVELOPMENTS THROUGHOUT THE BOOK AND SUPPLEMENTS. Students learn from examples and data that reflect the most recent changes and economic advancements within the book, and the Electronic Test Bank, PowerPoint® slides, and Instructor's Manual help you reinforce these timely principles and applications.

Supplements

All supplements have been updated in coordination with the Main title.
Please see Main title page for new to this edition information.

Instructor Supplements

MindTap Economics, 1 term (6 months) Instant Access for Sexton's Exploring Economics  (ISBN-10: 1305404270 | ISBN-13: 9781305404274)

MindTap Economics for Sexton's Exploring Economics (1 Sem), 7E is a personalized teaching experience with relevant assignments that guide students to analyze, apply, and improve thinking, allowing you to measure skills and outcomes with ease. Relevant readings, multimedia, and activities are designed to take students up the levels of learning, from basic knowledge to analysis and application. Personalized teaching becomes yours through a Learning Path built with key student objectives and your syllabus in mind. Control what students see and when they see it. Analytics and reports provide a snapshot of class progress, time in course, engagement and completion rates.

MindTap Economics, 2 terms (12 months) Instant Access for Sexton's Exploring Economics  (ISBN-10: 1305399676 | ISBN-13: 9781305399679)

MindTap Economics for Sexton's Exploring Economics (2 Sem), 7E is a personalized teaching experience with relevant assignments that guide students to analyze, apply, and improve thinking, allowing you to measure skills and outcomes with ease. Relevant readings, multimedia, and activities are designed to take students up the levels of learning, from basic knowledge to analysis and application. Personalized teaching becomes yours through a Learning Path built with key student objectives and your syllabus in mind. Control what students see and when they see it. Analytics and reports provide a snapshot of class progress, time in course, engagement and completion rates.

Cengage Testing, powered by Cognero® Instant Access  (ISBN-10: 130539951X | ISBN-13: 9781305399518)

Cengage Learning Testing powered by Cognero® is a flexible, online system that allows you to: import, edit, and manipulate content from the text's test bank or elsewhere, including your own favorite test questions; create multiple test versions in an instant; and deliver tests from your LMS, your classroom, or wherever you want.

MindTap Economics, 1 term (6 months) Instant Access for Sexton's Exploring Macroeconomics  (ISBN-10: 1305404416 | ISBN-13: 9781305404410)

MindTap is a fully online, highly personalized learning experience that combines student learning tools--readings, multimedia, activities, and assessments--into a singular Learning Path that guides students through your course. You can personalize the experience by customizing the macroeconomics content and learning tools and even adding your own content. Apps integrate into the MindTap framework seamlessly with the Learning Management Systems you already use.

MindTap Economics, 1 term (6 months) Instant Access for Sexton's Exploring Microeconomics  (ISBN-10: 1305404548 | ISBN-13: 9781305404540)

MindTap Economics for Sexton's Exploring Microeconomics (1 sem), 7E is a personalized teaching experience with relevant assignments that guide students to analyze, apply, and improve thinking, allowing you to measure skills and outcomes with ease. Personalized teaching becomes yours through a Learning Path built with key student objectives and your syllabus in mind. Control what students see and when they see it. Relevant readings, multimedia, and activities are designed to take students up the levels of learning, from basic knowledge to analysis and application. Analytics and reports provide a snapshot of class progress, time in course, engagement and completion rates.

Student Supplements

MindTap Economics, 1 term (6 months) Instant Access for Sexton's Exploring Economics  (ISBN-10: 1305404270 | ISBN-13: 9781305404274)

MindTap Economics for Sexton's Exploring Economics, 7th Edition provides you with the tools you need to better manage your limited time -- you can complete assignments whenever and wherever you are ready to learn with course material specially customized for you by your instructor and streamlined in one proven, easy-to-use interface. With an array of tools and apps -- from note taking to flashcards -- you'll get a true understanding of course concepts, helping you to achieve better grades and setting the groundwork for your future courses. Access to this product is valid for 6 months of usage.

MindTap Economics, 2 terms (12 months) Instant Access for Sexton's Exploring Economics  (ISBN-10: 1305399676 | ISBN-13: 9781305399679)

MindTap Economics for Sexton's Exploring Economics, 7th Edition provides you with the tools you need to better manage your limited time -- you can complete assignments whenever and wherever you are ready to learn with course material specially customized for you by your instructor and streamlined in one proven, easy-to-use interface. With an array of tools and apps -- from note taking to flashcards -- you'll get a true understanding of course concepts, helping you to achieve better grades and setting the groundwork for your future courses. Access to this product is valid for 12 months of usage.

MindTap Economics, 1 term (6 months) Instant Access for Sexton's Exploring Macroeconomics  (ISBN-10: 1305404416 | ISBN-13: 9781305404410)

MindTap Economics for Sexton's Exploring Macroeconomics, 7th Edition provides you with the tools you need to better manage your limited time -- you can complete assignments whenever and wherever you are ready to learn with course material specially customized for you by your instructor and streamlined in one proven, easy-to-use interface. With an array of tools and apps -- from note taking to flashcards -- you'll get a true understanding of course concepts, helping you to achieve better grades and setting the groundwork for your future courses. Access to this product is valid for 6 months of usage.

MindTap Economics, 1 term (6 months) Instant Access for Sexton's Exploring Microeconomics  (ISBN-10: 1305404548 | ISBN-13: 9781305404540)

MindTap Economics for Sexton's Exploring Microeconomics, 7th Edition provides you with the tools you need to better manage your limited time -- you can complete assignments whenever and wherever you are ready to learn with course material specially customized for you by your instructor and streamlined in one proven, easy-to-use interface. With an array of tools and apps -- from flashcards to note taking -- you'll get a true understanding of course concepts, helping you to achieve better grades and setting the groundwork for your future courses. Access to this product is valid for 6 months of usage.