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Based on the comprehensive two-semester text by the same authors, this version of Economics "boils down" the formal economic theories and concepts into their essential parts, emphasizing domestic and international applications and policy issues.

FUNDAMENTALS OF ECONOMICS, 5e, International Edition is a concise but thorough survey of economics for instructors desiring a brief, practical text.

Each chapter focuses on core economic concepts and provides a link between theory and real-world relevance, making the content more meaningful for students. The Fifth Edition provides a convenient, integrated learning experience by including a Study Guide after each chapter, which allows students to review key concepts and practice new skills before they go on to read the next chapter.

Fundamental Questions at the beginning of each chapter preview key points, reappear next to the relevant in-text discussion, and form the basis of chapter-ending Summary sections. Economic Insight and Global Business Insight boxes focus on the policies of today's leaders and the business decisions of real companies and governments around the world, adding real-world relevance to the material.

Table of Contents

PART I: THE PRICE SYSTEM.
1. Economics and the World Around You.
Appendix to Chapter 1: Working with Graphs.
2. Markets and the Market Process.
3. Applications of Demand and Supply.
PART II: CONSUMERS, FIRMS, AND SOCIAL ISSUES.
4. The Firm and the Consumer.
5. Costs and Profit Maximization.
6. Competition.
7. Business, Society, and the Government.
8. Social Issues.
PART III: THE NATIONAL AND GLOBAL ECONOMIES.
9 An Overview of the National and International Economies.
10. Macroeconomic Measures.
11. Unemployment, Inflation, and Business Cycles.
12. Macroeconomic Equilibrium: Aggregate Demand and Supply.
13. Fiscal Policy.
14. Money and Banking.
PART VI: MACROECONOMIC POLICY.
15. Monetary Policy.
16. Macroeconomic Policy, Business Cycles, and Growth.
17. Issues in International Trade and Finance.
18. Globalization.

464 pages, Paperback