Economics: Theory and Practice / Edition 8

Economics: Theory and Practice / Edition 8

by Patrick J. Welch, Gerry F. Welch
     
 

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ISBN-10: 0471679461

ISBN-13: 9780471679462

Pub. Date: 08/07/2006

Publisher: Wiley

The ninth edition introduces business professionals to basic economic concepts, institutions, relationships, and terminology. It has been updated with the most current qualitative data. Over 20 new applications have been added that help them connect economics to real-world experiences. They’ll gain insight into green economics and how business and the

Overview

The ninth edition introduces business professionals to basic economic concepts, institutions, relationships, and terminology. It has been updated with the most current qualitative data. Over 20 new applications have been added that help them connect economics to real-world experiences. They’ll gain insight into green economics and how business and the environment are related. Critical Thinking Cases are presented at the end of the chapter to show how concepts are applied. Up for Debate sections also examine the different sides of current economic issues. These updates prepare business professionals to apply their economic knowledge in the field.

Product Details

ISBN-13:
9780471679462
Publisher:
Wiley
Publication date:
08/07/2006
Edition description:
REV
Pages:
560
Product dimensions:
8.03(w) x 9.94(h) x 0.71(d)

Table of Contents

I. Introduction to Economics.

1. Introduction to Economics Appendix: Graphing.

2. Economic Decision Making and Economic Systems.

3. Demand, Supply, and the Determination of Price.

II. The Macroeconomy.

4. Goals and Problems of the Macroeconomy: Employment, Prices, and Production.

5. Foundations of the Macroeconomy.

6. The Role of Government in the Macroeconomy.

7. Money, Financial Institutions, and the Federal Reserve.

8. Money Creation, Monetary Theory, and Monetary Policy.

9. Macroeconomic View-Points and Models.

III. The Microeconomy.

10. Households and Businesses: An Overview.

11. Benefits, costs, and Maximization.

12. Production and the costs of Production.

Appendix: A Further Look at Short-Run Average and Marginal Costs.

13. Competition and Market Structures.

Appendix: Determining the Profit-Maximizing Price and Output for a Firm.

14. Government and the Markets.

15. Labor Markets, Unions, and the Distribution of Income.

IV. The International Economy.

16. International Trade.

17. International Finance.

Glossary.

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