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Principles and Tools, 4e, take advantage of features and design characteristics
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The online study guide to accompany O’Sullivan & Sheffrin,
ECONOMICS: Principles and Tools, Fourth Edition, is a truly comprehensive
set of questions, with exceptional coverage of the material in the textbook.
Each chapter contains a practice quiz and a homework assignment, which
are similar in terms of coverage and level of difficulty. Together, they
cover the content with exceptional precision and without deviations from
the main text. The questions are fair and balanced. There is no special
emphasis or interest placed on any single issue; the authors ascribed
strictly to the content of the textbook. The questions are directly extracted
from the main excerpts of each chapter, in order, and with the same tone
and emphasis given in the textbook.
The correct choices have thorough descriptions of why the answer is correct,
and usually offer extra bonus facts for answering correctly. The incorrect
choices have been carefully chosen and also have explanations and/or directions
to the section of the chapter where the question comes from. The language
of the questions as well as the correct and incorrect choices has been
carefully studied and tested for possible dichotomies with material elsewhere
in the textbook and beyond. The precision of the language used for the
questions is well within the boundaries of the language used by the textbook’s
authors. The graphics used are almost identical reproductions of the graphics
in the textbook, and the content of tables and equations is also included
in the material.
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Economics: Principles and Tools 4/e
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Microeconomics: Principles and Tools 4e
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Macroeconomics: Principles and Tools 4e
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Part 1: Introduction and Key Principles
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Part 1: Introduction and Key Principles
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Part 1: Introduction and Key Principles
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1: Introduction: What is Economics? |
Chapter 1: Introduction: What is Economics?
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1: Introduction: What is Economics? |
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2: Key Principles
of Economics |
Chapter 2: Key Principles of Economics |
2: Key Principles of Economics |
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3: Exchange and
Markets |
Chapter 3: Exchange and Markets |
3: Exchange and Markets |
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4: Supply, Demand,
and Market Equilibrium |
Chapter 4: Supply, Demand, and Market Equilibrium
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4: Supply, Demand, and Market Equilibrium
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Part 2: A Closer Look an Supply and Demand
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Part 2: A Closer Look at Supply and Demand
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Part 2: The Basic Concepts in Macroeconomics
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5: Elasticity: A
Measure of Responsiveness |
Chapter 5: Elasticity: A Measure of Responsiveness
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5 (19): Measuring a Nation’s Production and Income
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6: Consumer Choice
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Chapter 6: Consumer Choice |
6 (20): Unemployment and Inflation |
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7: Market Efficiency
and Government Intervention |
Chapter 7: Market Efficiency and Government Intervention
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Part 3: The Economy in the Long Run |
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Part 3: Information and Externalities |
Part 3: Information and Externalities |
7 (21): The Economy at Full Employment |
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8: Imperfect Information:
Adverse Selection and Moral Hazard |
Chapter 8: Imperfect Information: Adverse and Moral
Hazard |
8 (22): Why Do Economics Grow? |
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9: Environment Policy
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Chapter 9: Environment Policy |
Part 4: Economic Fluctuations and Fiscal Policy
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10; Public Goods
and Public Choice |
Chapter 10: Public Goods and Public Choice
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9 (23): Aggregate Demand and Aggregate Supply
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Part 4: Market Structure and Pricing |
Part 4: Market Structure and Pricing |
10 (24): Fiscal Policy |
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11: Production Technology
and Cost |
Chapter 11: Production Technology and Cost
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11 (25): The Income Expenditure Model |
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12: Perfect Competition
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Chapter 12: Perfect Competition |
12 (26): Investment and Financial Intermediation
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13: Monopoly and
Price Discrimination |
13: Monopoly and Price Discrimination |
Part 5: Money, Banking and Monetary Policy
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14: Market Entry
and Monopolistic Competition |
Chapter 14: Market Entry and Monopolistic Competition
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13 (27): Money and the Banking System |
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15: Oligopoly and
Strategic Behavior |
Chapter 15: Oligopoly and Strategic Behavior
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14 (28): The Federal Reserve and Monetary Policy
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| 16:
Market Structure and Public Policy |
Chapter 16: Market Structure
and Public Policy |
Part 6: Inflation, Unemployment,
and Economic Policy |
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Part 5: The Labor Market and Income Distribution
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Part 5: The Labor Market and Income Distribution
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15 (29): From the Short Run to the Long Run
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17: The Labor Market
and the Distribution of Income |
Chapter 17: The Labor Market and the Distribution
of Income |
16 (30): The Dynamics of Inflation and Unemployment
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18: Beyond Perfect
Competition: Unions, Monopsony, and Imperfect Information
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Chapter 18: Beyond Perfect Competition: Unions,
Monopsony, and Imperfect Information |
17 (31): Current Issues in Macroeconomic Policy
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Part 6: The Basic Concepts in Macroeconomics
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Part 6: The Basic Concepts in Macroeconomics
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Part 7: The International Economy |
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19: Measuring a
Nation’s Production and Income |
Chapter 19: International Trade and Public Policy
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18 (32): International Trade and Public Policy
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20: Unemployment
and Inflation |
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19 (33): The World of International Finance
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Part 7: The Economy in the Long Run |
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21: The Economy at Full Employment
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22: Why Do Economies Grow? |
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Part 8: Economic Fluctuations and Fiscal policy |
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23: Aggregate Demand and Aggregate
Supply |
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24: Fiscal Policy |
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25: The Income Expenditure Model
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26: Investment and Financial Intermediation
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Part 9: Money, Banking, and Monetary Policy |
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27: Money and the Banking System
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28: The Federal Reserve and Monetary
Policy |
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Part 10: Inflation, Unemployment, and Economic Policy |
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29: From the Short Run to the Long
Run |
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30: The Dynamics of Inflation and
Unemployment |
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31: Current Issues in Macroeconomic
Policy |
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Part 11: The International Economy |
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32: International Trade and Public
Policy |
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33: The World of International
Finance |
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