Test Bank For Microeconomics Canada in the Global Environment 11th Edition Michael Parkin

ISBN 10: 0321931181 – ISBN 13: 9780321931184

This ISBN is just for the Pearson eText; it might not come with any print supplements, media, or online access codes. The ability to think economically is fundamental to both career and citizenship. Using its core concepts of tradeoff, opportunity cost, margin, incentives, gains from voluntary exchange, forces of supply, demand, and equilibrium, pursuit of economic rent, and conflict between self-interest and social interest, Parkin/Bade’s features all contribute to the student’s development of this skill. Completely updated, Parkin/Bade is intuitive rather than technical, based on data and empirical evidence, richly illustrated with carefully selected examples and photos, lively with applications that highlight current events, learning-by-doing oriented, and seamlessly integrated with MyLab Economics.

About The Author

Michael Parkin has been a member of the Economics Department at the University of Western Ontario since coming to Canada from the United Kingdom in 1975. After leaving school at the age of sixteen, he was a cost accountant in the English steel industry for five years, and in 1960 he began studying economics at the University of Leicester (to which he returned to accept an honorary doctorate in 2010). From 1970 to 1975 he was Professor of Economics at the University of Manchester. Starting in the late 1960s, he became a vigorous and influential proponent of the monetarist school of thought, which at the time was widely considered to be far from the mainstream of macroeconomics, especially in the UK. He quickly rose to be one of the global leaders of this movement, solidifying his reputation with the authoritative survey of inflation that he wrote with David Laidler, which placed the expectations-augmented Phillips Curve at the centre of inflation theory and that appeared in the Economic Journal in 1975. After arriving in Canada, he quickly became a leading contributor to public debate on monetary policy while continuing to make important contributions to a variety of topics, both empirical and theoretical. These contributions, combined with energetic and generous encouragement of his younger colleagues and students, helped to elevate Western’s macro group to a pre-eminent position in Canada. His paper in the Journal of Political Economy, “The output-inflation trade-off when prices are costly to change” (1986) is widely recognized as being one of the first to introduce optimal price adjustment into a rational-expectations macro model and was influential in the formulation of the first generation of New Keynesian DSGE Models. The author of almost 150 published articles (including New Palgrave articles on adaptive expectations and on inflation), he is also the author or co-author (often with Dr Robin Bade) of eighty (80!) editions, in many languages and national editions, of two best-selling textbooks: Economics and Modern Macroeconomics. Managing editor of the Canadian Journal of Economics from 1982 to 1987, he was president of the Canadian Economics Association in 1997–98; his presidential address, “Unemployment, inflation, and monetary policy” (CJE 1998), reflected on developments in macroeconomic theory and proposed the extension of existing dynamic general equilibrium models to a richer vector of stochastic shocks as a path to developing quantitative models adequate to informing the design and conduct of monetary policy.