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More About This Textbook

Overview

Written to help readers learn the language of economics, this book, packed with real-world examples and applications, helps bring the subject to life. It encourages an understanding of economic concepts in relation to personal, business, and social issues, allowing readers to analyze current world events and draw their own conclusions. This book explains the economic landscape by covering such topics as production and trade; supply and demand; pricing; unemployment; inflation; macroeconomics; fiscal policy; economic growth; money and monetary policy; microeconomics; consumer behavior; competition; monopoly and antitrust; labor markets; earnings and income distribution; market failure; and the global economy. An excellent reference book for professionals in the field of economics.
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Product Details

  • ISBN-13: 9780131301610
  • Publisher: Pearson
  • Publication date: 10/31/2002
  • Edition description: New Edition
  • Edition number: 1
  • Pages: 750
  • Product dimensions: 8.14 (w) x 10.44 (h) x 1.32 (d)

Table of Contents

(NOTE: Each chapter contains a Chapter Summary and Learning Objectives, Key Terms, a Self-Test, and Questions and Problems. Macro Split contains Chapters 1-14 plus chapters 27-29. Micro Split contains Chapters 1-4 plus chapters 15-28.)

I. A JOURNEY THROUGH THE ECONOMY.

1. The Economic Perspective.
2. Production and Trade.
3. Demand and Supply.
4. The Power of Prices.

II. MONITORING THE MACRO ECONOMY.

5. Measuring National Output.
6. Unemployment.
7. Inflation.

III. AGGREGATE SUPPLY AND AGGREGATE DEMAND.

8. A Framework for Macroeconomic Analysis.
9. Short-Run Instability.
10. Aggregate Expenditures.

IV. INCENTIVES FOR PRODUCTIVITY.

11. Fiscal Policy in Action.
12. Economic Growth.

V. MONEY AND MONETARY POLICY.

13. Money, Banking, and the Federal Reserve.
14. Monetary Policy and Price Stability.

VI. MICROECONOMIC FOUNDATIONS.

15. Elasticity: Measuring Responsiveness.
16. Consumer Behavior.
17. The Firm and Production.
18. Costs and Profit-Maximizing Output.

VII. OUTPUT MARKETS.

19. Pure Competition.
20. Monopoly and Antitrust.
21. Oligopoly and Monopolistic Competition.

VIII. INPUT MARKETS.

22. Markets for Labor and Other Inputs.
23. Earningsand Income Distribution.

IX. MARKET FAILURE AND GOVERNMENT ACTION.

24. Public Goods, Information, and Regulation.
25. Externalities and Common Property Resources.
26. Public Choice.

X. THE GLOBAL ECONOMY.

27. Into the International Marketplace.
28. Policy Toward Trade.
29. Economic Development.

Economics

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