Economics: Principles and Applications (with InfoTrac) / Edition 3

Economics: Principles and Applications (with InfoTrac) / Edition 3

by Robert E. Hall, Marc Lieberman
     
 

ISBN-10: 0324260342

ISBN-13: 9780324260342

Pub. Date: 01/07/2004

Publisher: Cengage Learning

This is a no-nonsense principles book that emphasizes economic theory and applications. The book is a study tool for students and the pedagogical approach and in-text features were chosen to reinforce that theme. It provides students with a picture of economics as a unified discipline, a set of interrelated tools and ideas that can be used to look at the world in a

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Overview

This is a no-nonsense principles book that emphasizes economic theory and applications. The book is a study tool for students and the pedagogical approach and in-text features were chosen to reinforce that theme. It provides students with a picture of economics as a unified discipline, a set of interrelated tools and ideas that can be used to look at the world in a different way, and the less-is-more approach has been carefully crafted in both content and supporting pedagogy to keep students focused on learning and applying the central ideas used in economic analysis. It teaches students how to use analytical processes in developing their own economic analysis skills. Hall/Lieberman's careful focus on core theoretical ideas, as well as their systematic application of theoretical tools to timely real-world questions, conveys the message that economics is an integrated, powerful body of knowledge that can be used to address domestic and global issues.

Product Details

ISBN-13:
9780324260342
Publisher:
Cengage Learning
Publication date:
01/07/2004
Edition description:
Older Edition
Pages:
992
Product dimensions:
8.50(w) x 10.00(h) x (d)

Table of Contents

PART I. PRELIMINARIES. 1. What Is Economics? 2. Scarcity, Choice, and Economic Systems. 3. Supply and Demand. 4. Working with Supply and Demand. PART II. MICROECONOMIC DECISION MAKERS. 5. Consumer Choice. 6. Production and Cost. 7. How Firms Make Decisions: Profit Maximization. PART III. PRODUCT MARKETS. 8. Perfect Competition. 9. Monopoly. 10. Monopolistic Competition and Oligopoly. PART IV. LABOR, CAPITAL, AND FINANCIAL MARKETS. 11. The Labor Market. 12. Economic Inequality. 13. Capital and Financial Markets. PART V. EFFICIENCY, GOVERNMENT, AND THE GLOBAL ECONOMY. 14. Economic Efficiency and the Role of Government. 15. Comparative Advantage and the Gains from International Trade. USING ALL THE THEORY: The Microeconomics Of Domestic Security. PART VI. MACROECONOMICS: BASIC CONCEPTS. 16. What Macroeconomics Tries to Explain. 17. Production, Income, and Employment. 18. The Monetary System, Prices, and Inflation. PART VII. LONG-RUN MACROECONOMICS. 19. The Classical Long-Run Model. 20. Economic Growth and Rising Living Standards. PART VIII. SHORT-RUN MACROECONOMICS. 21. Economic Fluctuations. 22. The Short-Run Macro Model. PART IX. MONEY, PRICES, AND THE MACROECONOMY. 23. The Banking System and the Money Supply. 24. The Money Market and the Interest Rate. 25. Aggregate Demand and Aggregate Supply. PART X. MACROECONOMIC POLICY. 26. Inflation and Monetary Policy. 27. Fiscal Policy: Taxes, Spending, and the Federal Budget. 28. Exchange Rates and Macroeconomic Policy. USING ALL THE THEORY: The Stock Market And The Macroeconomy.

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