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The economy is tough -- but understanding economics doesn’t have to be. In fact, opening the world of economics can be exciting with Arnold's popular ECONOMICS, 14E. Economic tools, new thinking and theories show you how economic forces impact daily events and form an important part of life 24/7. Current, everyday economic examples and updated discussions and learning features illustrate many unexpected places economics can occur. You learn how supply and demand play out on a freeway, what money is and isn’t, how a person pays for good weather and why some countries are rich while others are poor. Three new chapters examine economic research, health economics and forces like creative destruction and crony capitalism. Revised coverage of the Federal Reserve System reviews changes in monetary policy. Digital video lectures and digital features guide you in understanding economic diagrams and building graphs, while online MindTap, Aplia and A+ Test Prep help you assess your understanding.

About the Authors

Dr. Roger Arnold is at California State University San Marcos, where his fields of specialization are general microeconomic theory and monetary theory. Dr. Arnold earned his BS in economics from the University of Birmingham in England. He received his Ph.D. in economics from Virginia Tech.

Dr. Daniel Arnold is a research scientist in the School of Public Health at Brown University, where his field of specialization is health economics. He received his BA in economics and mathematics from Cornell University. He received his Ph.D. in economics from the University of California Santa Barbara.

Dr. David Arnold is at University of California San Diego, where his fields of specialization are labor economics, imperfect competition and discrimination. He received his BA in economics from the University of California Berkeley. He received his Ph.D. in economics from Princeton University.

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