Economics, Fifth Edition
The Fifth Edition strengthens the connection between basic economic principles and students' lives by balancing an accessible, lively writing style ... Show synopsis The Fifth Edition strengthens the connection between basic economic principles and students' lives by balancing an accessible, lively writing style with a unique pedagogical framework. Focusing on modern economics, Boyes and Melvin have revised the text to integrate contemporary coverage of the "new economy" and global issues. Arranged according to the proven "Fundamental Questions learning system, each chapter highlights and reinforces 5-10 fundamental precepts through questions which appear at the beginning and are repeated in the margins to mark the relevant content. End-of-chapter summaries refer back to these questions to create a consistent framework of instruction."New! Chapter 27, "The New Economy, explores the economic changes that have occurred as a result of technological innovations in information processing and communication."New! "Economic Insight boxes--and almost 75% of the "Economically Speaking boxes--have been updated to include new articles and commentaries."New! Two chapters--previously Chapters 29 and 30--on the labor market and wage differentials have been combined."New! All chapters include the latest economic statistics.The text's internal Referencing System reinforces a hierarchy of ideas by designating a number for each section and subsection--cited consistently in Key Terms, end-of-chapter Summaries, and the supplements package.Pedagogical aids help students to understand and assimilate the material: "Recaps provide a short list of main points, dividing material for review into manageable sections; "Key Terms are defined both in the text and the margins; and "Exercises act as self-checks which can also be assigned as homework.