Author Description

Designed for courses in Introductory Economics at Canadian universities and colleges. The eleventh Canadian edition of Ragan and Lipsey represents a significant improvement to the leading textbook for university economics. At the core of the new edition remains the goal of providing students with a solid introduction to the major economic issues facing the world today, the methods that economists use to study those issues, and the policy problems that those issues create. The new edition has been thoroughly revised, updated, and streamlined to better accommodate the needs of instructors and students. The goal of the revision is to bring clarity of understanding without sacrificing comprehensiveness or the presentation of detailed explanations where appropriate. Over 40% of the book has been revised, making this a significant revision. The overall length of the text has been shortened by one chapter by moving the old Chapter 33 (Challenges Facing the Developing Countries) to the website. Furthermore, 35 Additional Topics are presented on the Companion Website to supplement the coverage in the printed book. The book has been thoroughly updated with new information on how economists think and test their theories, short-run versus long-run economics, government policy (e.g., payroll taxes, minimum wages, income tax, economic regulation and competition, pay equity, unemployment, fiscal policy, monetary policy, trade policy, and exchange rates), globalization, and growth and development.