Economics: Private & Public Choice | 17th Edition

Teach students to apply macroeconomics as Gwartney/Stroup/Sobel/Macpherson's MACROECONOMICS: PRIVATE AND PUBLIC CHOICE, 17E places more emphasis than other text of its kind on the role of entrepreneurship in a market economy and the importance of public choice analysis in understanding the political process. New content shows entrepreneurship as key to understanding how the competitive market uses innovations to improve living standards. The authors also demonstrate how public choice analysis helps clarify voter, politician and bureaucrat incentives and their impact on political outcomes – which is particularly important since about 40 percent of national income is allocated through politics. Introductory chapters cover basic economic thinking while stressing how incentives influence individual choices under constraints imposed by scarcity and while highlighting how government attempts to alter incentives often create secondary effects. Content also shows how wealth is created as the "invisible hand" of market prices coordinates exchanges between consumers and producer-entrepreneurs. MindTap further reinforces these principles and applications.

Teach students to apply microeconomics as Gwartney/Stroup/Sobel/Macpherson's MICROECONOMICS: PRIVATE AND PUBLIC CHOICE, 17E places more emphasis than similar texts on the role of entrepreneurship in a market economy and the importance of public choice analysis in understanding the political process. New coverage presents entrepreneurship as key to grasping how the competitive market uses innovations to improve living standards. Students also see how public choice analysis clarifies incentives and impacts political outcomes -- which, in turn, affect national income. Introductory chapters cover basic microeconomic thinking and use the "invisible hand" metaphor to show how wealth is created. The authors integrate entrepreneurship, the dynamic process of competition and importance of contestable markets into standard models of firm behavior in different markets. Special features highlight economics of health care, earning differences between genders and the Great Suppression of 2020 related to the COVID-19 pandemic. MindTap resources further reinforce content.

MindTap for Gwartney/Stroup/Sobel/Macpherson, Economics: Private and Public Choice, 17th Edition is the digital learning solution that powers students from memorization to mastery. It gives you complete control of your course—to provide engaging content, to challenge every individual, and to build their confidence. Empower students to accelerate their progress with MindTap. MindTap: Powered by You. This edition's MindTap activities and content emphasize the role of entrepreneurship in a market economy and the importance of public choice analysis and the political process as students examine current economic conditions as recent as 2020 and apply economic concepts to life. MindTap gives you complete ownership of your content and learning experience. Customize the interactive syllabi, emphasize the most important topics, and add your own material or notes in the ebook.

MindTap for Gwartney/Stroup/Sobel/Macpherson, Economics: Private and Public Choice, 17th Edition is the digital learning solution that powers students from memorization to mastery. It gives you complete control of your course—to provide engaging content, to challenge every individual, and to build their confidence. Empower students to accelerate their progress with MindTap. MindTap: Powered by You. This edition's MindTap activities and content help emphasizes the role of entrepreneurship in a market economy and the importance of public choice analysis and the political process as students examine current economic conditions as recent as 2020 and apply economic concepts to life. MindTap gives you complete ownership of your content and learning experience. Customize the interactive syllabi, emphasize the most important topics, and add your own material or notes in the ebook.