Economics Is Everywhere / Edition 1

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Overview

Economics Is Everywhere, Third Edition, presents 400 vignettes inspired by everyday events from news articles, films, family, and popular culture. Professor Hamermesh also employs his interactions with students, frequently featuring student insight in these short scenes. Economics Is Everywhere helps students apply what they are learning in their introductory microeconomics courses by examining economics examples that can be found in day-to-day life. In covering topics such as opportunity cost, trade-offs, supply and demand, elasticity, competitive markets and monopoly behavior in a new and inventive way, the vignettes keep students on their toes, eager to learn more!

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Product Details

  • ISBN-13: 9780072851434
  • Publisher: McGraw-Hill Companies, The
  • Publication date: 1/6/2003
  • Edition description: Older Edition
  • Edition number: 1
  • Pages: 272
  • Product dimensions: 5.40 (w) x 8.30 (h) x 0.50 (d)

Meet the Author

Daniel S. Hamermesh is the Sue Killam Professor in the Foundations of Economics at the University of Texas at Austin and Professor of Labor Economics at the University of Maastricht, the Netherlands. He received his B.A. from the University of Chicago and his Ph.D. from Yale University. He taught from 1969-73 at Princeton, from 1973-93 at Michigan State, and has held visiting professorships at universities in the United States, Europe, Australia, and Asia. He is a Fellow of Econometric Society, a Research Associate of the National Bureau of Economic Research and the Institute for the Study of Labor (IZA), and past president of the Society of Labor Economists and of the Midwest Economics Association. He authored Labor Demand and The Economics of Work and Pay, and a wide array of articles in labor economics in the leading general and specialized economics journals. His research concentrates on time use, labor demand and unusual applications of labor economics (to suicide, sleep and beauty). He has taught introductory microeconomics since 1968 to more than 14,000 students and has won numerous university awards for his undergraduate teaching. He is a regular guest-blogger at http://freakonomics.blogs.nytimes.com/

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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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