SmartBook: SmartBook is the first and only adaptive reading experience available. SmartBook changes reading from a passive and linear experience, to an engaging and dynamic one, in which students are more likely to master and retain important concepts, coming to class better prepared. Reports provide insight as to how students are progressing through textbook content, and are useful for shaping in-class time or assessment.
Connect Economics: McGraw-Hill's online assignment and assessment tool Connect Economics is available with Karlan/Morduch. Connect provides assignable, autogradable versions of end-of-chapter problems in static and algorithmic format, as well as test bank content and graphing problems. Students receive detailed step-by-step feedback on assignments. All assignable content is fully integrated with an eBook where students can search, highlight, and take notes. Connect provides instructors with powerful reporting tools allowing them to plan, track, and analyse student performance across learning outcomes.
Interactive Graphs - New interactive graphs within Connect help students see the relevance of the subject matter by providing visual displays of real data for students to manipulate. All graphs are accompanied by assignable assessment questions and feedback to guide students through the experience of learning to read and interpret graphs and data.
Connect the Dots Videos - A new video series in Connect provides additional support for the most difficult topics in the principles course. Accessible through SmartBook, the videos provide short, engaging explanations at the moment a student is struggling to help them connect the dots and grasp challenging concepts.
Show how economics can solve problems: Karlan/Morduch engages students by approaching economics as a way of explaining real people and decisions, and by providing a set of questions as a method for working through the problems students will face as consumers, employees, entrepreneurs, and voters.
Teach principles as a set of analytic tools for dealing with real situations: Centered on concrete examples, issues, and decisions, Karlan/Morduch presents applications first, often in the form of engaging puzzles, anomalies, and possibilities that basic economic principles help explain.
Focus on what matters to students: While remaining faithful to the core principles of economics, the authors share some of the newest ideas and empirical approaches, in ways that matter to students in today's high-tech, globalised world.
Digital from the Ground-up: Karlan/Morduch has been built from the ground up to integrate completely with McGraw-Hill's online assessment tools like Connect Economics and the LearnSmart Advantage Suite. All content is organized around learning objectives so that students can easily navigate between their reading, study, and assessment materials in a seamless workflow.
Modern Topics: Karlan/Morduch offers several standalone chapters focused on new ideas that are on the frontier of economic theory. Chapters on Behavioral Economics, Game Theory and Strategic Thinking, Information, Time and Uncertainty, Political Choices, Public Policy and Choice Architecture, and Development Economics add nuance and depth to the core principles curriculum.
Chapter Opening Stories: Interesting examples open each chapter featuring issues that consumers, voters, business people, and family members face, and are presented in an engaging, journalistic style. Examples throughout each chapter take students through relevant principles, often with a global perspective, that can help frame and solve the economic problem at hand.
Global Perspective: Economics recognises that today's students care about local and international issues, and takes a global perspective, with the United States as a leading example. The authors draw from significant time spent abroad to integrate diverse and engaging “naturally international” applications, such as story of Muhammad Yunus and the Grameen Bank used to introduce Chapter 1.
Special Features: Special chapter features build interest and include Real Life, introducing short cases, policy questions, anecdotes from the field; What Do You Think? offering a longer case study with implications for public policy and student related issues; From Another Angle, showing a different way of looking at an economic concept; Where Can it Take You? directing students to further classes, resources, or jobs related to the topic at hand; and Potentially Confusing, offering an in-depth explanation of a concept of use of terminology that students may find confusing.
Concept Check: Concept Checks provide opportunities at the end of each chapter section for students to quiz themselves on the preceding material before moving on in the chapter.
High-quality problem sets: To complement their problem-solving approach, the authors have taken special care to offer high-quality end of chapter problem sets that engage students with realistic questions. There are least two review questions and two problems for each learning objective, smoothly integrated with the chapter text and available (often with algorithmic variations) for online assignments via Connect.
Quick-scan Barcodes: Barcodes throughout the text provide quick, mobile connections to online resources, relevant articles, videos, and other useful student materials. Readers can scan the QR code included at the end of the chapter with their smartphone, or access the materials via the Online Learning Center at www.mhhe.com/karlanmorduch and within Connect.
Math Appendices: Dedicated to making sure students understand the basic analytical and quantitative tools of economics, Karlan/Morduch presents six unique math appendices that explain the math topics essential to economics including Understanding Graphs and Slope, Working with Linear Equations, Calculating a Percentage Change, Slope, and Elasticity, The Area Under a Linear Curve, Using Indifference Curves, and Compounding.
Online Graphing for Economics Tutorial: An Online Graphing Tutorial within Connect presents interactive graphing activities intended to help students develop their graphing and math skills in tandem with relevant economic concepts. Margin call-outs in the text indicate where tutorial exercises are available to support chapter concepts.