O'Sullivan/Sheffrin/Perez 3e (O/S/P 3/e) uses questions to drive student interest, applications to illustrate concepts, and tools to practice economic concepts. Students come into their first Economics course thinking they will better understand the economy around them; the choices our government, international governments, businesses, and individuals make. Unfortunately, many don't get answers to those questions when they complete the course. O/S/P uses chapter opening questions, applications that explain and tie to those questions throughout the chapter, and chapter ending tools to help students actively internalize economics.

Table of Contents

Table of Contents 1. Introduction 2. Key Principles of Economics 3. Demand, Supply, and Market Equilibrium 4. Elasticity: A Measure of Responsiveness 5. Production and Cost 6. Perfect Competition: Short Run and Long Run 7. Monopoly 8. Monopolistic Competition, Oligopoly, and Antitrust 9. Market Failure: Imperfect Information, Pollution, and Public Goods 10. The Labor Market 11. Measuring a Nation's Production and Income 12. Unemployment and Inflation 13. Why Do Economies Grow 14. Aggregate Demand and Supply 15. Fiscal Policy 16. Money and the Banking System 17. Monetary Policy and Inflation 18. International Trade and Finance