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Principles of Economics
Boost your students’ confidence, understanding and critical thinking skills with Principles of Economics: All-in-One Learning Experience by Frederic S. Mishkin and Jeffrey M. Perloff.
Overview
Available to preview fall 2025
Authored by renowned economists with extensive teaching experience, Principles of Economics: All-in-One Learning Experience seamlessly integrates the course content, active learning activities and formative assessments instructors and students need, all at an affordable cost.
Designed to help students think critically about modern policy challenges facing the economy, this interactive digital learning solution shows the relevance of theory, focuses on real-world economic problems and motivates students to learn by doing.
Available to preview fall 2025
Authored by renowned economists with extensive teaching experience, Principles of Economics: All-in-One Learning Experience seamlessly integrates the course content, active learning activities and formative assessments instructors and students need, all at an affordable cost.
Designed to help students think critically about modern policy challenges facing the economy, this interactive digital learning solution shows the relevance of theory, focuses on real-world economic problems and motivates students to learn by doing.
Review or demo in your class
Sign up to preview modules from Principles of Economics: All-in-One Learning Experience or trial with your students this academic year. Your feedback will help inform the continued development of this digital learning solution.
Preview or trial Principles of Economics
Submit your course details to register for complimentary access during your fall 2025 or spring 2026 term for you and your students.
How the immersive Principles of Economics: All-in-One Learning Experience enhances instruction:
All-in-one format supports students through integrated step-by-step instruction, interactive graphs and tables, practice, engaging videos and immediate feedback when students answer questions
Uses estimated models or data with real-world applications so students learn how to think about today’s issues and apply critical thinking skills to practical challenges
Use of the dynamic aggregate demand and aggregate supply approach to modeling short-run macro models provides students with the foundational knowledge to discuss current policy debates
Real-time personalised feedback gives students explanations for why their answers are correct or incorrect, reinforcing concepts and helping students gain a deeper understanding
Flexible modules allow instructors to teach the way they prefer and select the sections and questions to include, the order of topics, and whether questions are graded or for practice
An instructor dashboard saves instructors time by clearly showing students’ progress, comprehension and assessment grades, so instructors can concentrate on teaching
Features
Economics and You
Opening vignettes relate the chapter’s content to real-life situations, making the content instantly relatable
Economics and You
Opening vignettes relate the chapter’s content to real-life situations, making the content instantly relatable
Critical Thinking Problems
Students are guided step by step to solve contemporary real-world problems, developing critical thinking skills
Critical Thinking Problems
Students are guided step by step to solve contemporary real-world problems, developing critical thinking skills
Check Your Understanding
Quick-check problems ensure students grasp key concepts before moving to the next topic and direct students to immediate support if they need help
Check Your Understanding
Quick-check problems ensure students grasp key concepts before moving to the next topic and direct students to immediate support if they need help
Exhibits
Slide shows pair text and visuals, including graphs, to give detailed step-by-step explanations of economic concepts
Exhibits
Slide shows pair text and visuals, including graphs, to give detailed step-by-step explanations of economic concepts
Interactive Figures
Students get hands-on graphing activities throughout, allowing them to build confidence through low-stakes practice and skill building
Interactive Figures
Students get hands-on graphing activities throughout, allowing them to build confidence through low-stakes practice and skill building
Debates
Students see arguments for and against various hot-button economic topics, often illustrated through videos, showing why economists may draw different policy conclusions
Debates
Students see arguments for and against various hot-button economic topics, often illustrated through videos, showing why economists may draw different policy conclusions
Authors
Frederic S. Mishkin is the Alfred Lerner Professor of Banking and Financial Institutions at Graduate School of Business, Columbia University. He is also a Research Associate at the National Bureau of Economic Research and co-director of the U.S. Monetary Policy Forum. From 2006 to 2008, he served as a Governor on the Board of Governors of the Federal Reserve System. He has also been a Senior Fellow at the FDIC Center for Banking Research and President of the Eastern Economic Association.
Since earning his Ph.D. from MIT in 1976, Professor Mishkin has taught at the University of Chicago, Northwestern, Princeton, and Columbia. He holds an honorary professorship from the People’s (Renmin) University of China. From 1994 to 1997, he was Executive Vice President and Director of Research at the Federal Reserve Bank of New York and served as an associate economist for the Federal Open Market Committee.
Professor Mishkin’s research focuses on monetary and regulatory policy and their effects on financial markets and the broader economy. He is the author of The Economics of Money, Banking and Financial Markets (13th ed., Pearson, 2022), the top-selling textbook in its field. His other works include Macroeconomics: Policy and Practice (2nd ed., 2015), Financial Markets and Institutions (10th ed., 2024), Monetary Policy Strategy (2007), The Next Great Globalization (2006), Inflation Targeting (1999), Money, Interest Rates, and Inflation (1993), and A Rational Expectations Approach to Macroeconometrics (1983). He has published over 200 articles in professional journals and edited volumes.
He has served on the editorial boards of the American Economic Review and numerous journals including Journal of Money, Credit and Banking, Journal of Economic Perspectives, and Journal of Applied Econometrics. He is currently on the editorial boards of six academic journals, including International Finance and Review of Development Finance.
Professor Mishkin has consulted for the Federal Reserve Board, World Bank, IMF, Inter-American Development Bank, and central banks worldwide. He has advised the Financial Supervisory Service and Bank of Korea, and served on the Economic and Monetary Policy Advisory Panels of the Federal Reserve Bank of New York.
Jeffrey M. Perloff is a Distinguished Professor in the Department of Agricultural & Resource Economics at the University of California, Berkeley. He is a fellow of the Agricultural and Applied Economics Association.
After earning his PhD in economics from the Massachusetts Institute of Technology, he taught at the Department of Economics and the Wharton School at the University of Pennsylvania, and the Departments of Economics and Agricultural and Resource Economics at the University of California, Berkeley. He has received two teaching awards at Berkeley.
His published papers address a range of topics, including antitrust, art economics, econometrics and statistics, environmental economics, health economics, income distribution, industrial organization, labor economics, law and economics, marketing, psychology, taxation, and trade.
For years, his textbook with Dennis W. Carlton, Modern Industrial Organization (in its 4th edition), was the best-selling textbook in that field. It has been translated into Italian and Chinese. His research book with Larry S. Karp and Amos Golan, Estimating Market Power and Strategies, has also been used as a textbook.
He has written three textbooks on microeconomics. Microeconomics (9th edition) is one of the top-selling books in the field. It has been translated into Chinese and Spanish and is available in a global edition. Microeconomics: Theory and Applications with Calculus (5th edition) is the best-selling calculus-based microeconomics text. Managerial Economics and Strategy (4th edition), with James A. Brander, is a leader in business schools.
He has advised the U.S. Department of Agriculture, U.S. Department of Commerce, U.S. Department of Justice, the U.S. Department of Labor, the Federal Trade Commission, the General Accounting Office, the California Employment Development Department, the California Attorney General, and the U.S. Navy.
He is a former member of the Board of Directors of the National Bureau of Economic Research and the Executive Committee of the Giannini Foundation. He was the editor of Industrial Relations and the Journal of Industrial Organization Education, the associate editor of the American Journal of Agricultural Economics and the Journal of Productivity Analysis, and a member of the advisory board of the Journal of Agricultural & Food Industrial Organization.
Contents
Part 1: Introduction
Chapter 1: What is Economics?
Part 2: Competitive Market Equilibrium and Efficiency
Chapter 2: Supply and Demand
Chapter 3: Elasticities
Chapter 4: Consumer, Producer, and Social Welfare
Part 3: Effects of Government Policies in Competitive Markets
Chapter 5: Government Price and Quantity Regulations
Chapter 6: Taxes on Goods and Services
Chapter 7: International Trade
Chapter 8: Externalities
Chapter 9: Common Resource Goods, Club Goods, and Public Goods
Part 4: Consumer and Firm Decision Making
Chapter 10: Consumer Choice and Behavioral Economics
Chapter 11: Production and Costs
Part 5: Markets and Market Structure
Chapter 12: Firms, Profit Maximization, and Market Structure
Chapter 13: Competitive Firms and Markets
Chapter 14: Monopoly
Chapter 15: Oligopoly
Chapter 16: Monopolistic Competition
Part 6: Factor Markets and Income Distribution
Chapter 17: The Market for Labor and Other Factors of Production
Chapter 18: Inequality and Government Programs
Part 7: Introduction to Macroeconomics
Chapter 19: Macroeconomics: What are the Issues?
Chapter 20: Measuring the Aggregate Economy
Chapter 21: Inflation
Chapter 22: Unemployment
Part 8: Finance and the Financial System
Chapter 23: Finance and the Financial System
Chapter 24: Financial Crises
Part 9: The Aggregate Economy in the Long Run
Chapter 25: Economic Growth
Chapter 26: Saving and Investment in the Economy
Part 10: The Aggregate Economy in the Short Run
Chapter 27: Aggregate Expenditure and Output in the Short Run
Chapter 28: Aggregate Demand and Aggregate Supply in the Short Run
Chapter 29: Aggregate Demand and Aggregate Supply: From the Short Run to the Long Run
Part 11: Monetary and Fiscal Policy
Chapter 30: Money, Banks, and Central Banking
Chapter 31: Monetary Policy
Chapter 32: The Government Budget and Fiscal Policy
Chapter 33: The Trade-off Between Inflation and Unemployment
Part 12: The International Economy
Chapter 34: Exchange Rates and the International Financial System
Appendix: Math Skills: Calculations and Graphs
Learn more
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If you are an instructor or their representative and you have more questions, find a sales contact in your country/region using our contact my rep tool.
If you are an instructor or their representative and you have more questions, find a sales contact in your country/region using our contact my rep tool.
Register for occasional emails about Principles of Economics: All-in-One Learning Experience and get the latest news on features, reviews and product availability.
Register for occasional emails about Principles of Economics: All-in-One Learning Experience and get the latest news on features, reviews and product availability.
If you are an instructor or their representative and you have more questions, find a sales contact in your country/region using our contact my rep tool.
If you are an instructor or their representative and you have more questions, find a sales contact in your country/region using our contact my rep tool.
