Description

Features

For one semester survey courses in general economics

Teach your students how to think like economists.

The Economic Way of Thinking goes beyond explaining the basic principles of micro- and macroeconomic analysis by showing students a method of reasoning that teaches them how to apply these principles as tools. The authors expose students to a method of reasoning that makes them think like an economist through example and application and also shows them how not to think, by exposing errors in popular economic reasoning.

The latest edition has been thoroughly updated with current material.

Critical Thinking Over Memorization

This text stresses critical thinking exercises over formal modeling and number crunching. By using unique end-of-chapter features, students are encouraged to come to a conceptual understanding over simple memorization of facts, definitions, and formulas.

Accomplish More with Less

Unlike other texts, the material presented in the Economic Way of Thinking is linear and streamlined, employing a “less is more” philosophy. Students can easily focus on important topics as they read the text, helping them see the big picture.

• Applications Integrated into the Text: Applications play an integral part in both conceptual learning and student motivation. And unlike other texts, these applications are not to relegated to “boxed applications”.
• Clear, Focused Graphs: This text strategically integrates graphs only when necessary, carefully focusing them on the point at hand. Students can quickly and easily interpret these graphs, and integrate them into their overall economic thinking framework.

Comprehensible Insight

• Student-friendly Writing Style: The authors use language that speaks to students, rather than dictating to them.
• Clarified Continuing Theme: By making connections between different concepts and following a single continuous theme, students can get a clearer sense of the big picture and can better draw conclusions.

“Index of Economic Freedom” Data: By incorporating data from the discussion of the performance of economic systems, this text emphasizes the argument that the security of property, freedom of contract, open trade and monetary and fiscal constraint are essential policy ingredients that explain why some countries perform well and others not so well. This is valuable insight about international policy issues and how they affect the economic environment for students.

NEW! Expanded Insight on Contemporary and Traditional Principles: This edition has increased its insight by delving deeper into the following: 

• Austrian-School Flair which emphasizes the dynamic and entrepreneurial nature of the market process
• Property-rights and coordinationist tradition of out-of-print text: University of Economics
• Public Choice approach
• Monetary Equilibrium theory

New To This Edition

NEW! Expanded Insight on Contemporary and Traditional Principles: This edition has increased its insight by delving deeper into the following: 

• Austrian-School Flair which emphasizes the dynamic and entrepreneurial nature of the market process
• Property-rights and coordinationist tradition of out-of-print text: University of Economics
• Public Choice approach
• Monetary Equilibrium theory

Table of Contents

Chapter 1: The Economic Way of Thinking
Chapter 2: Efficiency, Exchange and Comparative Advantage
Chapter 3: Substitutes Everywhere: The Concept of Demand
Chapter 4: Cost and Choice: The Concept of Supply
Chapter 5: Supply and Demand: A Process of Coordination
Chapter 6: Unintended Consequences: More Applications of Supply and Demand
Chapter 7: Profit and Loss
Chapter 8: Price Searching
Chapter 9: Competition and Government Policy
Chapter 10: Externalities and Conflicting Rights
Chapter 11: Markets and Government
Chapter 12: Measuring the Overall Performance of Economic Systems
Chapter 13: The Wealth of Nations: Globalization and Economic Growth
Chapter 14: Money
Chapter 15: Economic Performance and Real-World Politics
Chapter 16: The Limitations of Economics

Previous Edition(s)

• Economic Way of Thinking, The, 11/E
  Heyne, Boettke & Prychitko
  ©2006  |  Prentice Hall  |  Paper; 576 pp  |  Out of Print
  ISBN-10: 0131543695  |  ISBN-13: 9780131543690
    Brief Description  | 

  

  Primarily for a one-semester survey course in general economics.

   

  The Economic Way of Thinking develops the basic principles of micro- and macroeconomic analysis, and employs them as tools rather than ends unto themselves. This text introduces students to a method of reasoning; to think like an economist through example and application. It even teaches by showing students how not to think, by exposing them to the errors implicit in much popular reasoning about economic events.

   

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PowerPoint, The Economic Way of Thinking, 12/E
Heyne, Boettke & Prychitko
©2010  |  Prentice Hall  |  On-line Supplement  |  Live
ISBN-10: 0136039553  |  ISBN-13: 9780136039556

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Solutions Manual, The Economic Way of Thinking, 12/E
Heyne, Boettke & Prychitko
©2010  |  Prentice Hall  |  On-line Supplement  |  Live
ISBN-10: 0136039588  |  ISBN-13: 9780136039587

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Test Item File, The Economic Way of Thinking, 12/E
Heyne, Boettke & Prychitko
©2010  |  Prentice Hall  |  On-line Supplement  |  Live
ISBN-10: 0136039596  |  ISBN-13: 9780136039594

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TestGen® Computerized Test Bank for The Economic Way of Thinking, 12/E
Heyne, Boettke & Prychitko
©2010  |  Prentice Hall  |  On-line Supplement; 575 pp  |  Live
ISBN-10: 0136039898  |  ISBN-13: 9780136039891
This online resource is available at no cost.

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Exam Copy for The Economic Way of Thinking, 12/E
Heyne, Boettke & Prychitko
©2010  |  Prentice Hall  |  Paper; 456 pp  |  Instock
ISBN-10: 013603957X  |  ISBN-13: 9780136039570
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Study Guide for The Economic Way of Thinking, 12/E
Heyne, Boettke & Prychitko
©2010  |  Prentice Hall  |  Paper; 192 pp  |  Instock
ISBN-10: 013603988X  |  ISBN-13: 9780136039884
Suggested retail price:  $46.67    Buy from myPearsonStoreNet price: $35.00  (What's this?)More Info

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• Economic Way of Thinking, CourseSmart eTextbook, The, 12/E
  Heyne, Boettke & Prychitko
  ©2010  |  Prentice Hall  |  Electronic Book; 456 pp  |  Available
  ISBN-10: 0136039871  |  ISBN-13: 9780136039877
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  Pearson
  ©2012  |  Prentice Hall  |  On-line Supplement  |  Live
  ISBN-10: 0136096557  |  ISBN-13: 9780136096559
  This online resource is available at no cost at http://www.pearsoncustom.com/custom-library/pearson-custom-business-resources.
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