Economics: Principles and Applications / Edition 4

Economics: Principles and Applications / Edition 4

by Robert E. Hall, Marc Lieberman
     
 

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ISBN-10: 0324421451

ISBN-13: 9780324421453

Pub. Date: 01/04/2007

Publisher: Cengage Learning

Departing from the encyclopedic nature of most Principles texts, which encourages students to simply memorize concepts and see economics as a collection of unrelated terms, formulas, graphs, and theories, this text provides students with a picture of economics as a unified discipline; a set of interrelated tools and ideas that can be used to look at the world in a

Overview

Departing from the encyclopedic nature of most Principles texts, which encourages students to simply memorize concepts and see economics as a collection of unrelated terms, formulas, graphs, and theories, this text provides students with a picture of economics as a unified discipline; a set of interrelated tools and ideas that can be used to look at the world in a different way. This book's concise, less is more approach has been carefully crafted in terms of both content and supporting pedagogy to keep students focused on learning and applying the central ideas used in economic analysis. It uniquely employs a simple methodology throughout to emulate how economists look at problems, and teaches students how to use this same analytical process in developing their own economic analysis skills. Hall/Lieberman's careful focus on core theoretical ideas as well as systematically applying the theoretical tools to interesting real-world questions conveys the message that economics is an integrated, powerful body of knowledge that can be used to address important issues.

Product Details

ISBN-13:
9780324421453
Publisher:
Cengage Learning
Publication date:
01/04/2007
Edition description:
Older Edition
Pages:
944
Product dimensions:
8.60(w) x 10.10(h) x 1.30(d)

Table of Contents

Part I: PRELIMINARIES. 1. What Is Economics? 2. Scarcity, Choice, and Economic Systems. Part II: MARKETS AND PRICES. 3. Supply and Demand. 4. Working with Supply and Demand. 5. Elasticity. Part III: MICROECONOMIC DECISION MAKERS. 6. Consumer Choice. 7. Production and Cost. 8. How Firms Make Decisions: Profit Maximization. Part IV: PRODUCT MARKETS. 9. Perfect Competition. 10. Monopoly. 11. Monopolistic Competition and Oligopoly. Part V: LABOR, CAPITAL, AND FINANCIAL MARKETS. 12. Labor Markets. 13. Capital and Financial Markets. Part VI: EFFICIENCY, GOVERNMENT, AND THE GLOBAL ECONOMY. 14. Economic Efficiency and the Competitive Ideal. 15. Government's Role in Economic Efficiency. 16. Comparative Advantage and the Gains from International Trade. Part VII: MACROECONOMICS: BASIC CONCEPTS. 17. What Macroeconomics Tries to Explain. 18. Production, Income, and Employment. 19. The Price Level and Inflation. Part VIII: LONG-RUN MACROECONOMICS. 20. The Classical Long-Run Model. 21. Economic Growth and Rising Living Standards. Part IX: SHORT-RUN MACROECONOMICS. 22. Economic Fluctuations. 23. The Short-Run Macro Model. Part X: MACROECONOMIC POLICY. 24. Fiscal Policy. 25. Banking and Financial Institutions. 26. Monetary Policy. 27. Aggregate Demand and Aggregate Supply. 28. Inflation and Monetary Policy. 29. Exchange Rates and Macroeconomic Policy.

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