William Boyes • m ichael m elvin Economic understanding in a Global Context... no borders, no boundaries! Boyes and Melvin’s Economics, 9e introduces students to the latest thinking of today’s economists on important economic phenomena while equipping them with a solid global understanding of economic principles. With this edition’s reader-friendly approach, carefully integrated learning features, memorable examples, and unique global emphasis, you can clearly illustrate the connections between key economic principles and today’s actual business practices. Updated Economic Insight boxes emphasize the relevance of concepts to current events. These new features highlight some of today’s most current events to focus on the relevance and real-world applications of the concepts in the chapter. New and updated Economically Speaking and Commentary features highlight the economic impact of today’s most important events. Recent newspaper and magazine articles in this edition’s updated and new Economically Speaking and Commentary features present economic causes and consequences of important world events. Updated content keeps the course as current as possible. Updated examples throughout the text, extensive revisions to the chapter on elasticity, further development of the debate on government economic intervention, and a new discussion of the Economic Freedom Index keep this course up-to-date with current developments. You’ll also find additional material on game theory, updated information on health care costs, and a detailed examination of income distribution. Economic understanding in a Global Context ... no borders, no boundaries! 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For instructors, it includes resources organized around lecturing, creating assignments, grading, quizzing, and tracking student progress and performance. Students can use a Personalized Study diagnostic tool to determine areas that need more study focus. Built-in technology tools help students master concepts as well as prepare for exams. www.cengage.com/coursemaster WebTutor WebTutor is an online teaching and learning system that provides text-specific media assets, quizzing, weblinks, discussion topics, interactive games and exercises, and more to supplement the classroom experience and ensure that students leave with the resources they need to succeed in today’s business world. Tomlinson Videos This dynamic online multimedia video lecture series provides students with instructional assistance in economic concepts 24/7. Students can watch these brief video segments as often as they wish to prepare for class, review topics or study for exams. Cenagebrain.com On CengageBrain.com students will be able to save up to 60% on their course materials through our full spectrum of options. Students will have the option to rent their textbooks, purchase print textbooks, e-textbooks, or individual e-chapters and audio books all for substantial savings over average retail prices. CengageBrain.com also includes access to Cengage Learning’s broad range of homework and study tools, and features a selection of free content. Students can: • Study in less time to get the grade they want... using online resources such as chapter quizzing, flashcards, and interactive study tools. • Prepare for tests anywhere, anytime. • Practice, review, and master course concepts... using printed guides and manuals that work hand-in-hand with each chapter of this textbook. www.cengagebrain.com NINTH EDITION WILLIAM BOYES Arizona State University MICHAEL MELVIN Arizona State University and BlackRock This is an electronic version of the print textbook. Due to electronic rights restrictions, some third party content may be suppressed. Editorial review has deemed that any suppressed content does not materially affect the overall learning experience. The publisher reserves the right to remove content from this title at any time if subsequent rights restrictions require it. For valuable information on pricing, previous editions, changes to current editions, and alternate formats, please visit www.cengage.com/highered to search by ISBN#, author, title, or keyword for materials in your areas of interest. 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