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economics<br />

BUSINESS<br />

Understanding Economics<br />

Lovewell | Fourth Canadian Edition, © 2007<br />

Understanding Economics explains how economics relates to students’ lives and<br />

to the main issues of the day.<br />

New to this Edition<br />

• New material on excise taxes and demand and supply elasticity<br />

• A new appendix that deals with the basics of marginal productivity theory.<br />

• New material on game theory<br />

• New material on welfare economics<br />

• More numerical questions and a new ‘key graphs’ feature<br />

www.mcgrawhill.ca/olc/lovewell<br />

Visit to preview sample material and access password protected teacher support<br />

material such as online Instructor’s Manual, PowerPoint Presentations, Computerized<br />

Test Bank. Password protected access available upon adoption.<br />

Table of Contents<br />

Part 1: Working with Economics<br />

1 The Economic Problem<br />

2 Demand and Supply<br />

3 Competitive Dynamics and Government<br />

Part 2: Efficiency and Equity<br />

4 Costs of Production<br />

5 Perfect Competition Appendix: How<br />

Resource Markets Operate<br />

6 Monopoly and Imperfect Competition<br />

7 Economic Welfare and Equity<br />

Part 3: Economic Stability<br />

8 Measures of Economic Activity<br />

9 Inflation and Unemployment<br />

10 Economic Fluctuations Appendix: The<br />

Aggregate Expenditures Model<br />

11 Fiscal Policy Appendix: The Aggregate<br />

Expenditures Model and Government<br />

12 Money<br />

13 Monetary Policy<br />

Part 4: Canada in the Global Economy<br />

14 The Foreign Sector<br />

15 Foreign Trade<br />

Text (Softcover, 512 pages) 9780070954922<br />

Instructor’s CD-ROM 9780070958371<br />

Previous Edition<br />

Understanding Economics<br />

Lovewel | School Edition, © 2004<br />

Student Text (hardcover, 576 pages)<br />

9780070877498<br />

Instructor’s Manual 9780070891494<br />

Instructor’s Manual, PowerPoint® Slides,<br />

Computerized Test Bank 9780070891531<br />

Study Guide 9780070923164<br />

Principles of<br />

Microeconomics<br />

with Powerweb<br />

<strong>NEW</strong>!<br />

Sayre, Morris | Sixth Canadian Edition,<br />

© 2009<br />

By positioning self-test questions<br />

throughout each chapter, students<br />

are encouraged to apply what they<br />

have just read, and gives them<br />

feedback on their comprehension of the<br />

material being presented. Sayre/Morris<br />

pioneered the idea of integrating the<br />

study guide into the texts that provide<br />

a review of the material in the chapter,<br />

and then goes on to give students<br />

practice questions providing them with<br />

the practice that is necessary to excel in<br />

economics.<br />

Microeconomics Table of Contents<br />

1 The Economic Problem<br />

2 Demand and Supply: An Introduction<br />

Appendix to Chapter 2: The Algebra of<br />

Demand and Supply<br />

3 Demand and Supply: An Elaboration<br />

4 Elasticity<br />

5 Consumer Demand<br />

Appendix to Chapter 5: Indifference Curve<br />

Analysis<br />

6 A Firm’s Production and Costs in the<br />

Short Run<br />

7 Costs in the Long Run<br />

8 Perfect Competition<br />

9 An Evaluation of Competitive Markets<br />

10 Monopoly<br />

11 Imperfect Competition<br />

12 The Factors of Production<br />

13 International Trade<br />

Principles of Microeconomics<br />

(softcover, 564 pages) 9780070984059<br />

For current prices or to place an order, please call toll-free 1-800-565-5758 or contact us at our website: www.mcgrawhill.ca/school<br />

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