Principles of Economics
Principles of Economics

Principles of Economics

Lead Author(s): Stephen Buckles

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Principles of Economics will allow you to learn a new set of tools to use in personal, professional, business, and political decision making.

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Key features in this textbook

Our Principles of Economics Textbooks extend beyond the page with interactive graphing tools, real-world news clips and articles that relate to current events and examples that are relevant to millennial audiences.
Our Principles of Micro and Principles of Macro textbooks can be adopted together or separately, giving you the flexibility to customize your course.
Question bank is available with every chapter for easy quiz and test creation.

Comparison of Principles of Economics Textbooks

Consider adding Top Hat’s Principles of Economics textbook to your upcoming course. We’ve put together a textbook comparison to make it easy for you in your upcoming evaluation.

Top Hat

Stephen Buckles, Principles of Economics, Only One Edition needed

Cengage

N. Gregory Mankiw, Principles of Economics, 8th Edition

Pearson

Case, Fair, Oster, Principles of Economics, 12th Edition

McGraw-Hill

McConnell, Brue, Flynn, Principles of Microeconomics, 7th Edition

Pricing

Average price of textbook across most common format

Up to 40-60% more affordable

Lifetime access on any device

$130

Hardcover print text only

$175

Hardcover print text only

$140

Hardcover print text only

Always up-to-date content, constantly revised by community of professors

Content meets standard for Introduction to Anatomy & Physiology course, and is updated with the latest content

In-Book Interactivity

Includes embedded multi-media files and integrated software to enhance visual presentation of concepts directly in textbook

Only available with supplementary resources at additional cost

Only available with supplementary resources at additional cost

Only available with supplementary resources at additional cost

Customizable

Ability to revise, adjust and adapt content to meet needs of course and instructor

All-in-one Platform

Access to additional questions, test banks, and slides available within one platform

Pricing

Average price of textbook across most common format

Top Hat

Stephen Buckles, Principles of Economics, Only One Edition needed

Up to 40-60% more affordable

Lifetime access on any device

Cengage

N. Gregory Mankiw, Principles of Economics, 8th Edition

$130

Hardcover print text only

Pearson

Case, Fair, Oster, Principles of Economics, 12th Edition

$175

Hardcover print text only

McGraw-Hill

McConnell, Brue, Flynn, Principles of Microeconomics, 7th Edition

$140

Hardcover print text only

Always up-to-date content, constantly revised by community of professors

Constantly revised and updated by a community of professors with the latest content

Top Hat

Stephen Buckles, Principles of Economics, Only One Edition needed

Cengage

N. Gregory Mankiw, Principles of Economics, 8th Edition

Pearson

Case, Fair, Oster, Principles of Economics, 12th Edition

McGraw-Hill

McConnell, Brue, Flynn, Principles of Microeconomics, 7th Edition

In-book Interactivity

Includes embedded multi-media files and integrated software to enhance visual presentation of concepts directly in textbook

Top Hat

Stephen Buckles, Principles of Economics, Only One Edition needed

Cengage

N. Gregory Mankiw, Principles of Economics, 8th Edition

Pearson

Case, Fair, Oster, Principles of Economics, 12th Edition

McGraw-Hill

McConnell, Brue, Flynn, Principles of Microeconomics, 7th Edition

Customizable

Ability to revise, adjust and adapt content to meet needs of course and instructor

Top Hat

Stephen Buckles, Principles of Economics, Only One Edition needed

Cengage

N. Gregory Mankiw, Principles of Economics, 8th Edition

Pearson

Case, Fair, Oster, Principles of Economics, 12th Edition

McGraw-Hill

McConnell, Brue, Flynn, Principles of Microeconomics, 7th Edition

All-in-one Platform

Access to additional questions, test banks, and slides available within one platform

Top Hat

Stephen Buckles, Principles of Economics, Only One Edition needed

Cengage

N. Gregory Mankiw, Principles of Economics, 8th Edition

Pearson

Case, Fair, Oster, Principles of Economics, 12th Edition

McGraw-Hill

McConnell, Brue, Flynn, Principles of Microeconomics, 7th Edition

About this textbook

Lead Authors

Stephen Buckles, Ph.DVanderbilt University

Stephen Buckles is a Senior Lecturer at Vanderbilt University, where he also received his Ph.D. in Economics. Buckles has been the recipient of numerous awards, including Madison Sarratt Prize for Excellence in Undergraduate Teaching (Vanderbilt, 2008), Kenneth G. Elzinga Distinguished Teaching Award (Southern Economic Association, 2006), and the Dean’s Award for Excellence in Teaching (Vanderbilt, 2007). His course pack, which this text is based on, has been used by thousands of students and engages the concepts of active learning.

PJ Glandon, PhDKenyon College

PJ Glandon joined Kenyon College as an Associate Professor of Economics after completing his Ph.D. at Vanderbilt University.

Contributing Authors

Benjamin ComptonUniversity of Tennessee

Caleb StroupDavidson College

Chris CotterOberlin College

Cynthia BenelliUniversity of California

Daniel ZuchengoDenver University

Dave BrownPennsylvania State University

John SwintonGeorgia College

Michael MathesProvidence College

Li FengTexas State University

Mariane WanamakerUniversity of Tennessee

Rita MadarassySanta Clara University

Ralph SonenshineAmerican University

Zara LiaqatUniversity of Waterloo

Susan CarterUnited States Military Academy

Julie HeathUniversity of Cincinatti

Explore this textbook

Read the fully unlocked textbook below, and if you’re interested in learning more, get in touch to see how you can use this textbook in your course today.

Top Hat Introduction to Economics

Authoring Team

Steve Buckles

Lead Author, Vanderbilt University, Nashville, TN

Stephen Buckles is a Senior Lecturer at Vanderbilt University, where he also received his Ph.D. in Economics. Buckles has been the recipient of numerous awards, including Madison Sarratt Prize for Excellence in Undergraduate Teaching (Vanderbilt, 2008), Kenneth G. Elzinga Distinguished Teaching Award (Southern Economic Association, 2006), and the Dean’s Award for Excellence in Teaching (Vanderbilt, 2007. His course pack, which this text is based on, has been used by thousands of students and engages the concepts of active learning.


PJ Glandon

Assistant Editor, Kenyon College, Gambier, OH

PJ Glandon is an Assistant Professor of Economics at Kenyon College and received his Ph.D. in Economics from Vanderbilt University. His current research focuses on the role that sales play in business cycles and has also done research on how grocery stores adjust their pricing behavior following the entry of Walmart into the market. In 2011, he received the Rendigs Fels Award for Excellence in Teaching from Vanderbilt University and the “A Teacher Who Made a Difference” Award from University of Kentucky College of Education in 2012.


Caleb Stroup

Contributing Author, Davidson College, Davidson, NC

​Caleb Stroup is an Assistant Professor in the Economics Department at Davidson College and earned his Ph.D. in Economics from Vanderbilt University. Dr. Stroup's research interests are broad, spanning fields including financial economics, organizational economics, macroeconomics, economic history, international economics, and development economics. Dr. Stroup also prides himself on being a mentor for student research projects to help challenge students to write, think, and speak more effectively


Chris Crotter

Contributing Author, Oberlin College, Oberlin, OH

​Christopher Cotter is an assistant professor of economics at Oberlin College. He received his Ph.D. in economics from Vanderbilt University, where his dissertation focused on the financial history of the U.S. He teaches introductory economics as well as courses on finance and the history of financial crises. Currently, his research focuses on historical banking panics as well as the link between finance and economic growth in a historical context.


Cynthia Benelli

Contributing Author, ​University of California, Santa Barbara, CA

Cynthia Benelli is a continuing lecturer and faculty advisor at UCSB. A direct quote from one of her classes "Economics has the ability to radically change the way you see the world around you. It is a dynamic, interesting, and logical way of viewing the behavior of people, businesses, and the government. Economics taught well has the ability to change the way you think...forever. The subject is that powerful." This belief in economics is echoed in her teaching. She studied economics in San Diego and continued her education in Santa Barbara where she was awarded her Ph.D. She then began teaching with the singular goal of inspiring students to see economics in all aspects of their lives. She has three children who love playing economic games with her. In her spare time, she likes to watch people and use economics to explain what she sees.


Daniel Zuchengo

Contributing Author, Denver University, Denver, CO

Dr. Zuchegno is a professor of economics with over 20 years of experience in both the academe and private consulting industry. For the last 8 years, he has been a Visiting Professor at the University of Denver. Prior to his time in Denver, he was a faculty member at the Economics Institute in Colorado where he was head of the Professional Development Program and later Director of the Graduate Preparation Program. Dr. Zuchegno's teaching record features such disciplines as Economic Theory, Mathematical Economics, Money, Banking & Financial Markets, International Economics, and many other. In addition to his teaching schedule, Dr. Zuchegno has been involved in a variety of management and administrative aspects of international educational programs, including budgeting, curriculum development, student services, and advisory services to both students and faculty. While pursuing his academic interests, Dr. Zuchegno provided consulting services to USAID and overseas financial institutions and governments in the design and implementation of training programs in banking, public finance, monetary policy and other subject areas. Dr. Zuchegno has recently been named one of the top 125 faculty in the US by Dow Jones Co. to incorporate technology in the classroom.


Dave Brown

Contributing Author, Pennsylvania State University, State College, PA

​Dave Brown earned his Ph.D. from Kansas State University and has been working at The Pennsylvania State University as a Senior Lecturer and Director of Economics. His research interests include Industrial Organization, Applied Microeconomics, and Labor Economics. Dave has a very strong teaching record. While teaching at Penn State, Dr. Brown has had the pleasure of receiving the Economics Department Teaching Award in 2011 and 2014 and the Influential First Year Instructor Award in 2011, 2012, 2013, and 2014. During his time at Kansas State University, he also received the Presidential Award for Teaching Excellence in 2008. Numerous students have decided to major or minor in Economics after completing his principles course.


John Swinton

Contributing Author, Georgia College & State University, Milledgeville, GA 

​John Swinton is a Professor of Economics and Director of thee Center for Economic Education at Georgia College and State University. He received his Ph.D. in Economics University of Wisconsin-Madison, with his areas of interest being economic education, environmental and natural resource economics, and public economics. He has received the Rising Star Award and the Henry H. Villard Research Award from the National Association of Economic Educators in 2010 and 2013 respectively.


Julie Heath

Contributing Author, University of Cincinnati, Cincinnati, OH

Julie Heath is the Director of the Economics Centre at the University of Cincinnati, having previously taught at the University of Memphis. During her time there, she taught undergraduate and graduate classes on economic principles and theory and the economics of sports and labor. She has received the two highest teaching awards at the University of Memphis: the Thomas W. Briggs Foundation’s Excellence in Teaching Award in 2000, and the Distinguished Teaching Award in 2010. The Carnegie Foundation also recognized Dr. Heath with the 2010 Tennessee Professor of the Year Award. Outside of the University of Memphis, she has also received the Kenneth G. Elzinga Distinguished Teaching Award, the economics discipline’s highest award and was the recipient of the Educator of the Year Award from the National Association for Financial Literacy. 


Li Feng

Contributing Author, Texas State University, San Marcos, TX

Li Feng is an Associate Professor of Economics at Texas State University, where she teaches Principles of Microeconomics, Intermediate Microeconomics, Public Finance, Managerial Economics, and Understanding and Analyzing Organizational Problems, all at the MBA level. She received her Ph.D. in Economics and Specialist in Education degree (Ed.S.) from Florida State University. She has taught at SUNY Fredonia and Shannxi Normal University. Li is also a Nonresident Fellow with the Brookings Institution in D.C. and an adjunct economist with the RAND Corporation. 


Marianne Wanamaker

Contributing Author, University of Tennessee, Knoxville, TN

Marianne Wanamaker is an associate professor of Economics and the BB&T Scholar in Markets, Capitalism and Ethics at the University of Tennessee. She is an economic historian whose research focuses on the long-term integration of black men in the American labor market. She teaches or has taught undergraduate courses in Principles of Micro/Macro, Introduction to Economics for MBA students, and undergraduate Business Ethics. While at UT, Wanamaker has been the recipient of multiple teaching awards, including two MBA teaching awards, an outstanding teacher award for the Haslam College of Business and the university’s Alumni Outstanding Teacher Award.


Michael Mathes

Contributing Author, Providence College, Providence, RI

Michael Mathes is an assistant professor of Economics at Providence College specializing in Health Economics and Applied Economics. He teaches Introductory Microeconomics, Intermediate Microeconomics, Health Economics, and a research course he developed. His research focuses on the effect of economic conditions on risky behavior. He received his Ph.D. in Economics from Vanderbilt where he received the Rendigs Fels Award for Teaching Excellence.


Ralph Sonenshine

Contributing Author, American University, Washington, DC

​Ralph Sonenshine is an Assistant Professor of Economics at American University, where he also received his Ph.D. Ralph combines an academic background in industrial organization, international economics, and economic history with business consulting and industry research expertise. His research and teaching interests include antitrust, mergers and acquisitions, international trade and finance, financial economics, and industry studies (e.g. electric utilities, oil and gas, and financial services).


Rita Madarassy

Contributing Author, Santa Clara University, Santa Clara, CA

​Rita Madarassy is a Lecturer at Santa Clara University in California, where she teaches Principles of Microeconomics and Macroeconomics, International Economics Growth and Development, and Econometrics. Her research area includes international finance and exchange rates. She obtained her PhD from the University of California, Santa Cruz and speaks 4 languages: Hungarian, English, Turkish, and French. Rita is an active user of Top Hat Lecture in her classroom and loves the way she is able to interact and engage her students in the course material with it. 


Susan Carter

Contributing Author, United States Military Academy, West Point, NY

​Susan Carter is an Assistant Professor of Economics at the United States Military Academy, West Point. She received her PhD in Economics from Vanderbilt University with her research focusing on consumer finance, payday loans, and consumer bankruptcy. She is the recipiant of Murdy Award for Teaching Excellence at West Point in 2013 and also received Superintendents Certificate of Appreciation at West Point in 2016.


Zara Liaqat

Contributing Author, University of Waterloo, Waterloo, ON

Zara Liaqat is a lecturer in the Department of Economics at the University of Waterloo. She holds a Ph.D. in Economics from the University of Southern California. Zara’s current research and expertise are in the fields of international and labor economics. Her teaching portfolio encompasses a wide range of courses and she has also taught at Wilfrid Laurier University and Lahore University of Management Sciences. She considers student learning and engagement in the course as essential constituents of her teaching philosophy. 


Chapter Listing

Introductory Chapters:

1. Introduction to Economics
2. An Economic Model
3. The US and World Economy
4. Demand, Supply, and Markets
5. Using Supply and Demand

Introduction to Microeconomics:

6. Behind Demand
7. Behind Supply
8. Inputs, Productsion, and Costs in the Long-run 
9. Competitive Markets
10. Monopoly
11. Between Perfect Competition and Monopoly 
12. Regulation of Firms with Market Power
13. The Economic Role of Government
14. Markets for Labour
15. Taxes - Efficiency and Fairness
16. Why International Trade? 
17. Capital and Financial Markets
18. Economics After Microeconomics

Introduction to Macroeconomics:

19. Gross Domestic Product, Unemployment, and Inflation
20. Economic Growth
21. Spending
22. Aggregate Demand, Aggregate Supply, and a New Equilibrium 
23. Full Employment and a New Long-run Equilibrium 
24. Money
25. Monetary Policy 
26. Fiscal Policy
27. Trade Defecits
28. International Currency
29. What We Have Learned and What We Have Not Learned