Essentials of Economics
Second Edition
1 December 2020
CONNECTS WITH STUDENTS THROUGH UP-TO-DATE, INCLUSIVE, RELATABLE EXAMPLES AND APPLICATIONS
Currency, diversity and inclusion are critical components in making economics relatable. The Second Edition has been completely updated to reflect the evolving impact of the coronavirus pandemic, including examples, graphs and applications. Further, building on the foundation from the First Edition, this text tells different economics stories, appealing to experiences of students from a wider range of backgrounds. The text has also been updated to include more citations from a diverse group of female economists, and the supporting media and instructional resources likewise have an increased emphasis on using inclusive examples, applications, and new, more diverse presenters.
EMPHASISES CRITICAL THINKING THROUGH A CONSISTENT PROBLEM-SOLVING PEDAGOGY
The authors’ framework first develops economic intuition in each chapter. A unique problem-solving pedagogy then teaches students to check their understanding by learning how to solve economic problems using relatable, real-world applications. Practice What You Know features, the foundation of this pedagogy, explain the step-by-step process of working single- and multi-part mathematical, graphical or conceptual problems. Chapter Problems, Solved Problems at the end of chapters, InQuizitive and new Smartwork for Essentials of Economics provide students with additional practice. Further, by allowing instructors to pick and choose from a library of problems created especially for this text, Smartwork lets instructors create perfect homework assignments for their course.
THE RIGHT TEACHING MATERIAL BY INSTRUCTORS, FOR INSTRUCTORS
The three authors have more than 60 years of teaching experience and have won teaching awards, and Dirk Mateer cofounded the Journal of Economics Teaching, where Brian is now the incoming editor. They understand students and the demands and challenges professors face. Utilising their research and proven teaching techniques, every aspect of the support package for Mateer, Coppock and O’Roark is designed to cohesively reinforce the relatable, student-centred approach and problem-solving pedagogy of the text while providing professors with the additional lecture and assessment tools needed to manage the smallest to largest essentials courses—in class or online.
ANSWERS THE PERSONAL FINANCE AND MONEY QUESTIONS ON STUDENTS’ MINDS
Many students come into this course hoping economics will help them answer questions about how to manage their finances and navigate financial situations in life. This text supports these questions with unique Personal Finance and Economics for Life features in each chapter. These features are paired, with the Personal Finance feature introducing and answering part of the questions, and the Economics for Life feature going into more detail.
Currency, diversity and inclusion are critical components in making economics relatable. The Second Edition has been completely updated to reflect the evolving impact of the coronavirus pandemic, including examples, graphs and applications. Further, building on the foundation from the First Edition, this text tells different economics stories, appealing to experiences of students from a wider range of backgrounds. The text has also been updated to include more citations from a diverse group of female economists, and the supporting media and instructional resources likewise have an increased emphasis on using inclusive examples, applications, and new, more diverse presenters.
EMPHASISES CRITICAL THINKING THROUGH A CONSISTENT PROBLEM-SOLVING PEDAGOGY
The authors’ framework first develops economic intuition in each chapter. A unique problem-solving pedagogy then teaches students to check their understanding by learning how to solve economic problems using relatable, real-world applications. Practice What You Know features, the foundation of this pedagogy, explain the step-by-step process of working single- and multi-part mathematical, graphical or conceptual problems. Chapter Problems, Solved Problems at the end of chapters, InQuizitive and new Smartwork for Essentials of Economics provide students with additional practice. Further, by allowing instructors to pick and choose from a library of problems created especially for this text, Smartwork lets instructors create perfect homework assignments for their course.
THE RIGHT TEACHING MATERIAL BY INSTRUCTORS, FOR INSTRUCTORS
The three authors have more than 60 years of teaching experience and have won teaching awards, and Dirk Mateer cofounded the Journal of Economics Teaching, where Brian is now the incoming editor. They understand students and the demands and challenges professors face. Utilising their research and proven teaching techniques, every aspect of the support package for Mateer, Coppock and O’Roark is designed to cohesively reinforce the relatable, student-centred approach and problem-solving pedagogy of the text while providing professors with the additional lecture and assessment tools needed to manage the smallest to largest essentials courses—in class or online.
ANSWERS THE PERSONAL FINANCE AND MONEY QUESTIONS ON STUDENTS’ MINDS
Many students come into this course hoping economics will help them answer questions about how to manage their finances and navigate financial situations in life. This text supports these questions with unique Personal Finance and Economics for Life features in each chapter. These features are paired, with the Personal Finance feature introducing and answering part of the questions, and the Economics for Life feature going into more detail.
