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Economics Is Everywhere / Edition 1
     

Economics Is Everywhere / Edition 1

by Daniel S. Hamermesh
 

ISBN-10: 0072851430

ISBN-13: 9780072851434

Pub. Date: 01/06/2003

Publisher: McGraw-Hill Companies, The

Hamermesh (economics, U. of Texas at Austin) presents 400 vignettes inspired by everyday events from news articles, films, family, and popular culture. These vignettes help students apply what they are learning in introductory microeconomics courses by formally analyzing economics examples found in everyday life. Vignettes cover topics such as opportunity cost and

Overview

Hamermesh (economics, U. of Texas at Austin) presents 400 vignettes inspired by everyday events from news articles, films, family, and popular culture. These vignettes help students apply what they are learning in introductory microeconomics courses by formally analyzing economics examples found in everyday life. Vignettes cover topics such as opportunity cost and trade-offs, supply and demand, elasticity, competitive markets, and monopoly behavior. Each vignette is followed by an analytical question, and some ask for the drawing of graphs to further illustrate the key concept presented. Annotation ©2004 Book News, Inc., Portland, OR

Product Details

ISBN-13:
9780072851434
Publisher:
McGraw-Hill Companies, The
Publication date:
01/06/2003
Edition description:
Older Edition
Pages:
272
Product dimensions:
5.40(w) x 8.30(h) x 0.50(d)

Table of Contents

Introduction. Thinking About Economics Everywhere
Part I. Trade-Offs, Demand and Supply, and the Consumer

Chapter 1. Trade-offs and Opportunity Cost

Chapter 2. Demand and Supply Curves

Chapter 3. Demand and Supply Together—Quantity and Price in Unrestricted Markets

Chapter 4. Demand and Supply—Quantity and Price in Restricted Markets

Chapter 5. The Consumer—Elasticity and Incentives

Chapter 6. The Consumer—How to Choose

Tips on Hunting for Economics Everywhere in Part I
Part II. Costs, Production, and Markets

Chapter 7. Cost and Production

Chapter 8. The Firm in the Short Run—Fixed and Variable Costs

Chapter 9. Competitive Markets in the Long Run

Chapter 10. Competitive Markets—Responses to Shocks

Chapter 11. Social Optima

Chapter 12. Monopoly and Monopolistic Competition

Chapter 13. Price Discrimination

Chapter 14. Oligopoly (including Game Theory)

Tips on Hunting for Economics Everywhere in Part II
Part III. Input Markets, the Public Sector, and International Markets

Chapter 15. Present Value and Discounting

Chapter 16. Wage Differences

Chapter 17. Labor Market Behavior and Poverty

Chapter 18. Externalities, Public Goods, and Property Rights

Chapter 19. Taxes and Public Expenditures

Chapter 20. International Economics

Tips on Hunting for Economics Everywhere in Part III

Glossary/Index (combined)

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