Economics: Principles and Tools

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Editorial Reviews

This textbook is designed for an introductory course in economics. It covers the principles of both microeconomics and macroeconomics. Other topics include the international economy, economic fluctuations, the economy in the long run, inflation, unemployment, and government deficits. Annotation c. by Book News, Inc., Portland, Or.
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Product Details

  • ISBN-13: 9780139752698
  • Publisher: Simon & Schuster Adult Publishing Group
  • Publication date: 9/28/1998
  • Edition description: Workbook
  • Pages: 372

Table of Contents

A Guided Tour
1 Introduction: What Is Economics? 1
2 Key Principles of Economics 22
3 Markets and Government in the Global Economy 37
4 Supply, Demand, and Market Equilibrium 57
5 Elasticity: A Measure of Responsiveness 81
6 Government Intervention in Markets 100
7 Consumer Choice 124
8 The Firm's Short-Run and Long-Run Cost Curves 150
9 Perfect Competition in the Short Run 170
10 Long-Run Supply and Market Dynamics 192
11 Monopoly and Price Discrimination 208
12 Entry Decisions: Natural Monopoly and Monopolistic Competition 229
13 Oligopoly and Antitrust Policy 246
14 Public Goods, Taxes, and Public Choice 271
15 Environmental Problems and Public Policy: Global Warming, Ozone Depletion, Acid Rain, and Urban Smog 294
16 Imperfect Information and Disappearing Markets 316
17 The Labor Market 332
18 Interest Rates and Present Value 358
19 Economic Challenges for the Twenty-First Century 376
20 The Big Ideas in Macroeconomics 401
21 Behind the Economic Statistics 422
22 Classical Economics: The Economy at Full Employment 443
23 Why Do Economies Grow? 462
24 Coordinating Economic Activity: Aggregate Demand and Supply 486
25 Keynesian Economics and Fiscal Policy 507
26 Investment and Financial Intermediation 534
27 Money, the Banking System, and the Federal Reserve 551
28 Monetary Policy in the Short Run 569
29 From the Short Run to the Long Run 589
30 The Dynamics of Inflation and Unemployment 604
31 Ten Questions (and Answers) about Government Debt and Deficits 625
32 International Trade and Public Policy 641
33 The World of International Finance 663
Glossary G-1
Solutions to Selected Problems and Discussion Questions S-1
Index I-1
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