For two-semester courses in the principles of economics.

An introduction to the functioning of the economy and the power and breadth of economics

Reviewers tell us that Case/Fair/Oster is one of the all-time bestselling principles of economics texts because they trust it to be clear, thorough, and complete. Readers of Principles of Economics, 13th Edition come away with a basic understanding of how market economies function, an appreciation for the things they do well, and a sense of things they do poorly. With the latest research and added exercises, students begin to learn the art and science of economic thinking and start to look at some policy, and even personal decisions, in a different way. Features

A 3-tiered explanation of key concepts (using intuitive stories, followed by a table or graph, and in some cases, an equation that presents the concept with a mathematical formula) helps instructors effectively cover a large amount of material, and helps students to understand it. Concept Checks act as ‘speed bumps’ that encourage students to stop and check their understanding of fundamental terms and concepts before moving on to the next section.
End-of-Chapter Critical-Thinking Questions and Problem Sets reinforce economic principles and give students the opportunity to practice what they’ve just learned.
Real-world examples and applications illustrate and reinforce key economic concepts.
The different types of research methodologies of economics are examined, giving students a sense of what the methodologies are and how to apply them in class and beyond. Keynesian Cross material is integrated throughout the text and builds up to the AD/AS model so that students won’t mistakenly apply what they’ve learned about simple demand and supply to aggregate demand and supply.

New to this edition

Chapters have been reworked for better flow and improved readability. More thorough discussion of and focus on important topics and issues have been added to the 13th Edition. Economics in Practice boxes focus on recent research and events that support key concepts in the chapter. This helps students to think deeply about what they’ve read and make connections between what they learn in class and how it can apply to their jobs in the real world. Important macroeconomic data throughout the text has been updated, highlighting the slow recovery from the 2008-2009 recession, giving students a good idea of what has been happening to the economy since they left high school. The introduction of a competitive market model first, followed by noncompetitive market structures gives students a clear understanding of basic economic theory and how market opportunities operate.