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Economics
Economics

Economics, 12th Edition

ISBN10: 1266691197 | ISBN13: 9781266691195
By David Colander
© 2024

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* The estimated amount of time this product will be on the market is based on a number of factors, including faculty input to instructional design and the prior revision cycle and updates to academic research-which typically results in a revision cycle ranging from every two to four years for this product. Pricing subject to change at any time.

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Colander: Economics, 12e is specifically designed to help today’s students succeed in the principles of economics course and grasp economics concepts they can apply in their daily lives.  

David Colander’s trademark colloquial approach focuses on modern economics, institutions, history, and modeling. He presents and applies economic models, but also encourages students to think about model nuances, building their critical thinking skills and applying models to the real world.  

Content in this text is organized around learning objectives to make it easier for students to understand the material and for instructors to build assignments within Connect. Through Connect and SmartBook, students will find engaging activities, helpful tutorial videos, and learning resources at that moment of need. 

INTRODUCTION: THINKING LIKE AN ECONOMIST

Chapter 1: Economics and Economic Reasoning

Chapter 2: The Production Possibility Model, Trade, and Globalization 

Chapter 3: Economic Institutions Appendix: The History of Economic Systems

Chapter 4: Supply and Demand

Chapter 5: Using Supply and Demand 

PART II: MICROECONOMICS: THE POWER OF TRADITIONAL ECONOMIC MODELS 

Chapter 6: Describing Supply and Demand: Elasticities

Chapter 7: Taxation and Government Intervention

Chapter 8: Market Failure versus Government Failure

INTERNATIONAL ECONOMIC POLICY ISSUES

Chapter 9: Comparative Advantage, Exchange Rates, and Globalization

Chapter 10: International Trade Policy 

PRODUCTION AND COST ANALYSIS

Chapter 11: Production and Cost Analysis I

Chapter 12: Production and Cost Analysis II

MARKET STRUCTURE

Chapter 13: Perfect Competition

Chapter 14: Monopoly and Monopolistic Competition

Chapter 15: Oligopoly and Antitrust Policy

Chapter 15W: Politics and Economics: The Case of Agricultural Markets

Chapter 16: Real-World Competition and Technology

FACTOR MARKETS

Chapter 17: Work and the Labor Market

Chapter 18: Who Gets What? The Distribution of Income

CHOICE AND DECISION MAKING

Chapter 19: The Logic of Individual Choice: The Foundation of Supply and Demand

Chapter 20: Game Theory, Strategic Decision Making, and Behavioral Economics

MODERN ECONOMIC THINKING

Chapter 21: Thinking Like a Modern Economist

Chapter 22: Behavioral Economics and Modern Economic Policy

Chapter 23: Microeconomic Policy, Economic Reasoning, and Beyond

PART III: MACROECONOMICS

MACROECONOMIC BASICS

Chapter 24: Economic Growth, Business Cycles, and Unemployment

Chapter 25: Measuring and Describing the Aggregate Economy

POLICY MODELS

Chapter 26: The Keynesian Short-Run Policy Model: Demand-Side Policies

Chapter 26W: The Multiplier Model

Chapter 27: The Classical Long-Run Policy Model: Growth and Supply-Side Policies

FINANCE, MONEY, AND THE ECONOMY

Chapter 28: The Financial Sector and the Economy

Chapter 29: Conventional Monetary Policy

Chapter 30: Financial Crises, Regulation, and the Crypto Challenge

TAXES, BUDGETS, AND FISCAL POLICY

Chapter 31: Deficits and Debt: The Austerity Debate

Chapter 32: The Fiscal Policy Dilemma

MACROECONOMIC PROBLEMS

Chapter 33: Jobs and Unemployment

Chapter 34: Inflation, Deflation, and Macro Policy

INTERNATIONAL MACROECONOMIC POLICY ISSUES

Chapter 35: International Financial Policy

Chapter 36: Macro Policy in a Global Setting

Chapter 37: Structural Stagnation, Globalization and the Post-COVID Blues

Chapter 38: Macro Policy in Developing Countries

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About the Author

David Colander

David Colander is Distinguished College Professor at Middlebury College. He has authored, coauthored, or edited over 40 books and over 150 articles on a wide range of economic topics.

He earned his B.A. at Columbia College and his M.Phil. and Ph.D. at Columbia University. He also studied at the University of Birmingham in England and at Wilhelmsburg Gymnasium in Germany. Professor Colander has taught at Columbia University, Vassar College, the University of Miami, and Princeton University as the Kelley Professor of Distinguished Teaching. He has also been a consultant to Time-Life Films, a consultant to Congress, a Brookings Policy Fellow, and Visiting Scholar at Nuffield College, Oxford.

He has been president of both the History of Economic Thought Society and the Eastern Economics Association. He has also served on the editorial boards of the Journal of Economic Perspectives, The Journal of Economic Education, The Journal of Economic Methodology, The Journal of the History of Economic Thought, The Journal of Socio-Economics, and The Eastern Economic Journal. He has been chair of the AEA Committee on Electronic Publishing, a member of the AEA Committee on Economic Education, and is currently the associate editor for content of the Journal of Economic Education.

He is married to a pediatrician, Patrice. In their spare time, the Colanders designed and built an oak post-and-beam house on a ridge overlooking the Green Mountains to the east and the Adirondacks to the west. The house is located on the site of a former drive-in movie theater. (They replaced the speaker poles with fruit trees and used the I-beams from the screen as support for the second story of the carriage house and the garage.) They now live in both Florida and Vermont.

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