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Economics: A Tool for Critically Understanding Society, 7/E
Tom Riddell, Smith College
Jean A Shackelford, Bucknell University
Steve C. Stamos, Bucknell University
Geoffrey Schneider, Bucknell University

ISBN-10: 0321241134
ISBN-13:  9780321241139

Publisher:  Prentice Hall
Copyright:  2005
Format:  Paper; 672 pp
Published:  11/22/2004


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Description

The Seventh Edition of Economics: A Tool for Critically Understanding Society develops fundamental economic analysis tools in clear, simple, and understandable terms. This one-semester text introduces students to economic theories and ideas, and how those theories and ideas have changed over time.

The overarching goal of this text is to encourage critical thinking and to challenge students to examine preconceived ideas and beliefs. It explores various and contending schools of economic thought and successfully gives students perspective on the historical changes in the material conditions, economic institutions, and social relations of human society. By providing students with an opportunity to use economic concepts to solve real-world problems, Economics: A Tool for Critically Understanding Society creates a foundation for future and continued learning.


Features

  • A heterodox approach includes perspectives often missing from other economics textbooks — without pushing one perspective over the others. Students are exposed to a greater variety of schools of thought, encouraging debate and independent thought, two critical elements for learning.
  • A strong historical perspective traces the development of modern economic thought, beginning with the evolution of economic systems, and connecting the stories of Adam Smith, Classical Economics, Keynesian economics, and Marxism to current economic policies and debates.
  • Part 3 focuses on issues of race and gender, the global economy, and the environment.
  • Thinking Critically sections, featured at the end of each Part, present both sides of current economic issues and ask students to use their economic tools to analyze the arguments and come to their own conclusions.


New To This Edition

  • Includes a wealth of new, up-to-date examples.
  • Economic data and figures have been extensively updated throughout.
  • A new feature in the macroeconomic sections, “The Big Picture,” allows instructors to move more quickly into the Aggregate Demand/Aggregate Supply model if they desire, without having to build up the components of the model first.
  • Chapter 13 now includes an expanded section on the microeconomic role of government along with more detailed coverage of natural monopoly and negative externalities.


Table of Contents

I. ECONOMICS AS A TOOL FOR CRITICAL THINKING IN A CHANGING GLOBAL ECONOMY .

 1. Economics as a Social Science.

 2. Exploring the Emerging Global Economy.

II. ECONOMIC HISTORY AND THE DEVELOPMENT OF MODERN ECONOMIC THOUGHT.

 3. The Evolution of Economic Systems.

 4. Property, Adam Smith, and the Division of Labor.

 5. The Rise and Fall of Laissez-Faire.

 6. The Marxian Critique of Capitalism.

III. MICROECONOMICS.

 7. Scarcity: “You Can't Always Get What You Want”.

 8. The Theory of Markets.

 9. Perfect Competition and Efficiency.

10. Noncompetitive Markets and Inefficiency.

11. Resource Markets and the Distribution of Income.

12. Corporations and Labor Unions.

13. The Economic Role of Government.

IV. MACROECONOMICS.

14. Macroeconomics: Issues and Problems.

15. Macroeconomic Theory: Classical and Keynesian Models.

16. Fiscal Policy: Government Spending and Taxation.

17. Financial Markets, Money, and Monetary Policy.

18. Aggregate Demand and Aggregate Supply.

19. Unemployment, Inflation, and Stabilization Policy in a Global Economy.

V. INTERNATIONAL ECONOMICS AND FINANCE.

20. International Trade and Interdependence.

21. International Finance.

22. The Economics of Developing Nations.

23. Economic Systems in Transition.


Next Edition(s)

  • Economics: A Tool for Critically Understanding Society, 9/E
    Riddell, Shackelford, Stamos & Schneider
    ©2011  |  Prentice Hall  |  Paper; 656 pp  |  Instock
    ISBN-10: 0131368494  |  ISBN-13: 9780131368491
    Brief Description  |  More Info



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Companion Website, 7/E
Riddell & Shackelford
©2005  |  Prentice Hall  |  On-line Supplement  |  Live
ISBN-10: 0321241150  |  ISBN-13: 9780321241153
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Online Instructor's Manual, 7/E
Riddell & Shackelford
©2005  |  Prentice Hall  |  Electronic Supplement  |  Available
ISBN-10: 0321241142  |  ISBN-13: 9780321241146

Show Downloadable Files
 | More Info

Online Test Bank, 7/E
Riddell, Shackelford, Stamos & Schneider
©2005  |  Prentice Hall  |  Electronic Supplement  |  Available
ISBN-10: 0321430573  |  ISBN-13: 9780321430571

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 | More Info

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Companion Website, 7/E
Riddell & Shackelford
©2005  |  Prentice Hall  |  On-line Supplement  |  Live
ISBN-10: 0321241150  |  ISBN-13: 9780321241153
More Info

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Websites and online courses

Companion Website, 7/E
Riddell & Shackelford
©2005  |  Prentice Hall  |  On-line Supplement  |  Live
ISBN-10: 0321241150  |  ISBN-13: 9780321241153
More Info


Websites and Online Courses

Companion Website, 7/E
Riddell & Shackelford
©2005  |  Prentice Hall  |  On-line Supplement  |  Live
ISBN-10: 0321241150  |  ISBN-13: 9780321241153
More Info

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