The e-book is a new feature added to the Psych course this year, so students in upper years wouldn't really know about it. However, I would strongly suggest getting the e-book, especially if it says that you will be tested on the material. If you don't feel like spending the 30 bucks on the e-book, you can do what I did and split the cost with a friend and just share it.
I also would say that the handbook is necessary too as it has the course outline, due dates & practice questions which I'm pretty sure will come in handy when it comes to the midterm and exam. But, its all up to you!
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