Principles of Economics
Principles of Economics

Principles of Economics

Lead Author(s): Stephen Buckles

Student Price: $81.00

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

This content has been used by 3,587 students

Hi there! Welcome to Top Hat's interactive Principles of Economics text! We hope you have a great experience with this course and our text. To start, we would like to introduce you to some of our features so that you are comfortable with your new textbook.

Among the things you will frequently encounter in our texts are embedded questions. Depending on your professor, these may be graded for participation or correctness. There are six types of questions we have to offer, plus discussion style questions. Let's take a look at one of each:

1) Multiple Choice: Simply click on the correct answer and then click "Submit". If there is more than one correct answer, it will be specified in the question.

Multiple Choice Example

Which country has the greatest GDP?


United States







2) Word Answer: Just type your answer into the textbox and click "Submit".

Word Answer Example

This is a textbook written about ______________.

3) Numeric Answer: As the name suggests, these questions require an answer that is a number.

Numeric Answer Example

How many firms are in a duopoly?

4) Matching Question: Click on an item in the left-hand column, and then click on its match in the right-hand column to align them.  The remaining options in the right-hand column will reshuffle. 

Matching Example

Match each currency with their county of origin.


U.S. Dollar


Great Britain






Pound Sterling


United States

5) Click on Target Question: These questions will be accompanied by an image. You must click on the correct part of the picture. Sometimes, multiple clicks will be allowed. Often you will find that the images in these questions will have "hotspots" or targets on them. Make sure when you submit your answer that your selection is over the hotspot so you get credit if your answer is correct.

Click on Target Example

Click on the market that contains a price ceiling.

6) Sorting Question: Drag the options into the proper order.

Sorting Question Example

Sort these events in chronological order.


Subprime Mortgage Crisis


The Great Depression


Black Monday

7) Discussion Question: These are typed responses that are submitted and read by the professor. 

Discussion Question Example

What would cause changes to quantity demanded of a good?

8) Graphing Question: These are questions that will allow you to interact with graphs. You can expect a number of these questions in most chapters!

There are a few different ways to interact with the graphing questions you will find throughout the book. 

First, you can modify the graph. This is done by using the sliders on the right-hand side to change the position of the lines in the graph. There may also be a drop-down menu on the right-hand side to indicate in words what changes you made. Here is an example:

The next type of interaction is plotting points on the graph. To do this, just drag and drop the points onto the line of the graph. Here is an example of this type of question:

Another question type is draw and label. For these questions, drag the end points of the line to "draw," and drag the middle circle to curve the graph. To label, drag and drop the labels to the appropriate lines. An example of this type of question is below. 

The very last type of question you may encounter is click and shade. In these questions, simply click on the segments of the graph that you want to shade, and then press submit. Below is an example of this:

In these graphing questions, if you submit an answer that is incorrect, feedback will pop up that says: "Incorrect... Check your notes and try again." This popup will not go away until the correct answer is submitted. Continue to work at the question until "Correct!" shows up. You can try this out in the practice questions above to get comfortable with the system.

Throughout the book, you will see this banner, which indicates sections within each chapter to introduce news articles, or pique your interest. It is:

The In the News sections highlight news articles and media for you to explore and deepen your understanding. Expect to find 1-2 per chapter.

You will also see this banner, which indicates sections within each chapter to review concepts. It is:

The What's the Gist? sections allows you to review concepts that you have learned through the chapter. Expect to find 1 per chapter.

Above is a picture of the Optional Feedback Survey at the end of each chapter. ​​

We love to hear your feedback about the text! At the end of every chapter, there is a survey like the one pictured to the right that you can fill out to ask questions or report difficulties. Please don't hesitate to let us know. This survey is entirely optional and the responses are sent to Top Hat.

Finally, We're here to help. Please reach out to our support team as needed at or check out our student support pages here.

Good luck, and we hope you have a great year!