Principles for a Changing WorldSixth Edition| ©2023 Eric Chiang
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Eric Chiang’s new edition of Economics: Principles for a Changing World is an inviting, briefer introduction to economics that celebrates a diverse society while building a strong foundation for learning the fundamentals. In a presentation that reflects the full range of students who take the course, Chiang emphasizes data literacy, and provides a carefully integrated online package of student-focused resources. Students will quickly grasp economics concepts within a changing, global context.
The new edition celebrates the best of diversity, equity, and inclusion of our global society with carefully selected topics, biographies of influential economists, and examples woven through every chapter. Particular attention has been paid, being mindful of examples for the non-traditional student.
Teaching large lecture courses, Erika Martinez from University of South Florida uses Achieve and has joined Eric Chiang and Macmillan as a Lead Consultant on this edition. Erika provided input on the content in Achieve; the instructor resources; and on the content as it related to DEI. Erika is on Macmillan's Faculty Advisory Board for Achieve for Economics.
“Around the World” boxes reinforce the focus on our global economy.
“By the Numbers” is a practical tool that encourages greater application and understanding for data literacy.
New to This Edition
Teaching large lecture courses, Erika Martinez from University of South Florida uses Chiang's Achieve product and has joined Eric Chiang and Macmillan as a Lead Consultant on the new edition. Erika provided input on the content in Achieve; the instructor resources; and on the content as it related to DEI. She is on Macmillan's Faculty Advisory Board for Achieve for Economics.
Achieve for Chiang’s Economics continues to be enhanced with new online graphing capabilities. Students will be able to engage with live economic models to see how curves, equilibria, and areas shift as inputs change. The above enhancement will improve data literacy, one of the missions of the product
“I like [Learning Curve’s] set-up because it gives the students who are having a difficult time more opportunities to practice while moving students who are comfortable with the material to the end of the work more quickly.”
— Travis L. Hayes, Cleveland State Community College
“The real strength of this book is that it presents all the concepts in a clear and concise manner and [is] easy to follow. I do not tend to distinguish economics from non-economics majors at the first-year level.”
— Ambrose Leung, Mount Royal University
“I believe most of the students will find [Chiang] useful and able to apply to their lives in the future.”
— Lorraine Li, Gateway Community College
“[Chiang] makes learning economics much less intimidating. Examples are straightforward and focus on core principles without adding too many details or unimportant information.”
— Susan Russell, Saddleback College
Sixth Edition| ©2023
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Sixth Edition| 2023
Table of Contents
Chapter 1: Exploring Economics
Chapter 2: Production, Economic Growth, and Trade
Chapter 3: Supply and Demand
Chapter 4: Markets and Government
Chapter 5: Elasticity
Chapter 6: Consumer Choice and Demand
Chapter 7: Production and Costs
Chapter 8: Perfect Competition
Chapter 9: Monopoly
Chapter 10: Monopolistic Competition, Oligopoly, and Game Theory
Chapter 11: The Labor Market
Chapter 12: Land, Capital Markets, and Innovation
Chapter 13: Externalities and Public Goods
Chapter 14: Network Goods
Chapter 15: Income Inequality and Poverty
Chapter 16: Introduction to Macroeconomics
Chapter 17: Measuring Inflation and Unemployment
Chapter 18: Economic Growth
Chapter 19: Aggregate Expenditures
Chapter 20: Aggregate Demand and Supply
Chapter 21: Fiscal Policy and Debt
Chapter 22: Saving, Investment, and the Financial System
Chapter 23: Money Creation and the Federal Reserve
Chapter 24: Monetary Policy
Chapter 25: Macroeconomic Policy: Challenges in a Global Economy
Chapter 26: International Trade
Chapter 27: Open Economy Macroeconomics
Online chapters only:
Sixth Edition| 2023
In 2009 Eric was the recipient of Florida Atlantic University’s highest teaching honor, the Distinguished Teacher of the Year Award. Among numerous other teaching awards, he also was named the Stewart Distinguished Professor at the College of Business. He has written over 35 articles in peer-reviewed journals on a range of subjects, including technology spillovers, intellectual property rights, telecommunications, and health care. His research has appeared in leading journals, including the Review of Economics and Statistics, Journal of Technology Transfer, and Southern Economic Journal. He is a frequent presenter at major economics conferences and at universities across the country and around the world.
As an instructor who teaches both face-to-face and online courses, Eric uses a variety of technological tools, including clickers, Web-based polling, lecture capture, and homework management systems to complement his active-learning-style lectures. As an administrator in the College of Business, Eric’s role as director of instructional technology involves assisting instructors with effectively implementing classroom technologies. In this position, Eric also ensures that the quality of online courses meets accreditation standards, including those set by the Association to Advance Collegiate Schools of Business (AACSB).
In addition to his dedication to teaching economic principles and his administrative duties, Eric devotes time to new research in economic education. His current research focuses on student learning outcomes in economics education based on the different methods of instruction in use today. The fifth edition of Economics: Principles for a Changing World embodies Eric’s devotion to economics education and the benefits of adapting to the new, often creative ways in which students learn and instructors teach.
In his spare time, Eric enjoys studying cultures and languages. He has visited all fifty U.S. states and over eighty countries, often taking long jogs in the cities he visits to experience local life to the fullest. A more quirky fact: Eric is a professional mini-golf player, having competed in both the Pro Mini Golf U.S. Open and Masters tournaments. In 2019, he was a contestant on ABC’s extreme mini-golf game show Holey Moley.
Sixth Edition| 2023
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Image Slides for Economics: Principles for a Changing World (Online Only)Eric Chiang | Sixth Edition | ©2023 | ISBN:9781319419233
Instructor's Resource Manual for Economics: Principles for a Changing World (Online Only)Eric Chiang | Sixth Edition | ©2023 | ISBN:9781319419196
Lecture Slides for Economics: Principles for a Changing World (Online Only)Eric Chiang | Sixth Edition | ©2023 | ISBN:9781319419219
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Sixth Edition| 2023
Sixth Edition| 2023
Around the World in 80 Hours with Chiang & Vazquez 4th Ed. 2015
Washington, D.C. - Dubai - Singapore
Around the World in 80 Hours with Eric Chiang: 5th Ed. 2016
Miami, FL - Colombia - Brazil - South Africa - Dubai
Around the World in 80 Hours with Eric Chiang: 6th Ed. 2018
Knoxville, TN - India - Bhutan - Singapore - Malaysia