Fundamentals of Economics and Study Guide and Smarthinking

Fundamentals of Economics remains the first brief survey textbook to thoroughly integrate international economic issues while retaining concise coverage of core economic models.
Each chapter highlights the decisions of real companies and government policies from around the world to illustrate how economic principles affect organizations, governments, and—ultimately—students. Fundamental Questions preview key points at the beginning of each chapter, reappear next to the relevant in-text discussion, and form the basis of chapter-ending summaries. The Second Edition includes more discussion of the four market structures (monopoly, perfect competition, monopolistic competition, and oligopoly). The chapters on microeconomics also cover the factors that determine company strategy and market entry. International topics include the effects of exchange rates on individual markets, price discrimination on an international scale, multinationals, measuring national and international economies, a comparative analysis of different countries' fiscal policies, and international banking. Chapter 16, Macroeconomic Policy, Business Cycles, and Growth, provides a unified look at the issues related to expansion—unlike other texts.