[Joseph_E._Stiglitz,_Carl_E._Walsh]_Economics(Bookos.org) (1)

ture also allows an instructor who does not wish to devote too much time to a topic
such as imperfect information to still give students a sense of the its importance and
the lessons economists have learned about this important topic. Finally, both the
microeconomics and macroeconomics sections end with topics chapters that offer
additional flexibility for the instructor in fine-tuning the readings from the text to
the context of his or her course structure, while a new and expanded treatment of
the international economy is contained in the macroeconomics section.
Learning Tools
We have developed a clutch of Learning Tools that will help our student readers
relate to the principles being described and also better retain the information.
1
RIVETING BOXES THAT HIGHLIGHT THE
NEW ECONOMY BEING CREATED BY THE
INTERNET AND INFORMATION
REVOLUTION
From Google, to eBay, Expedia, StubHub, Napster, and online poker, the manifestations
of the New Economy are changing the way we live, work, shop, travel, and
spend our leisure time. Though the fundamentals of economics will not change, how
those fundamentals are utilized is changing, at an ever-quickening pace. Stiglitz/Walsh
Fourth Edition recognizes this fact.
e-INSIGHT BOXES apply economic principles to new developments in information
technology and the Internet.
INTERNET CONNECTION BOXES provide useful links to Web resources and
home pages.
2
ADDITIONAL TOOLS TO HEIGHTEN
STUDENT UNDERSTANDING
THINKING LIKE AN ECONOMIST boxes reinforce the core ideas emphasized
throughout the book: Trade-offs, Incentives, Exchange, Information, and Distribution.
CASE IN POINT vignettes highlight real-world applications in each chapter.
INTERNATIONAL PERSPECTIVE boxes present applications to international
issues.
PREFACE
∂ xxxix