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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.
PART ONE: Introduction to Economics.
Chapter 1 Introduction Economics.
Chapter 2 Economic Decision Making and Economic Systems.
Chapter 3 Demand, Supply, and Price Determination.
PART TWO: The Macroeconomy.
Chapter 4 Goals and Problems of the Macroeconomy: Employment, Prices, and Production.
Chapter 5 Foundations of the Macroeconomy.
Chapter 6 The Role of Government in the Macroeconomy.
Chapter 7 Money, Financial Institutions, and the Federal Reserve.
Chapter 8 Money Creation, Monetary Theory, and Monetary Policy.
Chapter 9 Macroeconomic Viewpoints and Models.
PART THREE: The Microeconomy.
Chapter 10 Household and Businesses: An Overview.
Chapter 11 Benefits, Costs, and Maximization.
Chapter 12 Production and the Costs of Production.
Chapter 13 Competition and Market Structures.
Chapter 14 Government and the Markets.
Chapter 15 Labor Markets, Unions, and the Distribution of Income.
PART FOUR: The International Economy.
Chapter 16 International Trade.
Chapter 17 International Finance.
Answers to "Test Your Understanding".