Economics / Edition 9

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Overview

Offering a unique blend of solid theoretical content and student accessibility, this book stands apart with its emphasis on intriguing applications that convey the prevalence of economics in everyday life. By applying economics to phenomenon that readers are familiar with and interested in, this book demonstrates like no other text how economic analysis can be applied to virtually anything of interest, thus helping the reader develop true economic intuition. Additional features include a unique active-learning format, an emphasis on developing economic analysis skills, and an outstanding visual program for exhibits and graphs. Content highlights include balanced presentation of major macro theories; a micro presentation that centers around the trilogy of objectives, constraints, and choices; thorough integration of international topics; and fully-integrated Internet features that offer hands-on exercises foe exploring economics on-line. Economics, 5e is also available in micro and macro paperback splits.
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Editorial Reviews

Library Journal
Why are there no taxes in Kathmandu? Why is rent in Manhattan so high? And who really pays taxes? These and many other questions about economics of interest to a lay audience form the basis of this excellent set, which is tailor-made for public and high school libraries. The staff editors do not provide an academic treatise on the complex, technical details of economic theory or principles. Instead, they focus on translating economics into an easily understood language, making this work highly useful for students--especially at the high school level. The six volumes cover money, banking, and finance; the citizen and the economy; business operations; the U.S. economy and the world; economic theory; and economic history. With the exception of Volume 5 (on economic theory), the volumes contain numerous well-organized chapters that adequately cover the topic. Volume 5 is arranged as an A-Z encyclopedia of shorter articles about fundamental concepts in economics and can be used as both a reference to the other volumes and a stand-alone reference. Numerous charts, diagrams, figures, and glossy photos are used to clarify concepts, and the set's glossary, reading list, and index are re-produced in each of the six volumes, making for easier cross-referencing. With the ever-changing nature of finance law and regulations, this well-prepared reference set will need regular updates, but it remains the resource of choice on economics for its targeted audience.--Dale Farris, Groves, TX Copyright 2000 Cahners Business Information.\
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Product Details

  • ISBN-13: 9780324595420
  • Publisher: Cengage Learning
  • Publication date: 12/17/2008
  • Series: Available Titles Aplia Series
  • Edition description: 9
  • Edition number: 9
  • Pages: 826
  • Product dimensions: 8.80 (w) x 10.10 (h) x 1.40 (d)

Meet the Author


Roger A. Arnold is Professor of Economics at California State University San Marcos, where his fields of specialization include general microeconomic theory and monetary theory. A widely respected authority on economic issues, Dr. Arnold is a regularly featured expert on talk radio discussing the state of the economy. He is also a proven author who has written numerous academic articles, hundreds of newspaper columns, as well as the popular ECONOMICS: NEW WAYS OF THINKING and principles of economics supplementary text HOW TO THINK LIKE AN ECONOMIST. Dr. Arnold has been a member of the economics faculty at California State University Northridge, University of Oklahoma, Hillsdale College, University of Nevada Las Vegas, and California State University San Marcos. He served as chair of the economics department for two years at University of Nevada Las Vegas and for seven years at California State University San Marcos. He is currently chair of the economics department at California State University San Marcos. During his tenure at UNLV he was regularly one of the top five finalists for the teacher of the year honor (in the College of Business and Economics), and in 1987 he received the best researcher of the year award. Dr. Arnold earned a B.S. in economics in 1974 from the University of Birmingham in England and received his M.A. in 1976 and his Ph.D. in 1979 from Virginia Polytechnic Institute and State University.
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Table of Contents

AN INTRODUCTION TO ECONOMICS. PART ONE: ECONOMICS: THE SCIENCE OF SCARCITY. 1. What Economics is About. Appendix A: Working with Diagrams. 2. Trade, Tradeoffs, and Economics Systems. 3. Supply, Demand, and Price: The Theory. 4. Applications of Supply and Demand: Explaining and Predicting Market and Nonmarket Behavior. MACROECONOMICS. PART TWO: MACROECONOMIC FUNDAMENTALS. 5. Macroeconomic Measurements, Part 1: Prices and Unemployment. 6. Macroeconomic Measurements, Part 2: GDP and Real GDP. PART THREE: MACROECONOMIC STABILITY, INSTABILITY, AND FISCAL POLICY. 7. Aggregate Demand and Aggregate Supply. 8. The Self-Regulating Economy. 9. Economic Instabilty: A Critique of the Self-Regulating Economy. 10. Fiscal Policy. 11. Taxes, Deficits, Surpluses, and the Public Debt. PART FOUR: MONEY, THE ECONOMY, AND MONETARY POLICY. 12. Money and Banking. 13. The Federal Reserve System. 14. Money and the Economy. 15. Monetary Policy. PART FIVE: EXPECTATIONS AND GROWTH. 16. Expectations Theory and the Economy. 17. Economic Growth: Resources, Technology, and Ideas. MICROECONOMICS. PART SIX: MICROECONOMIC FUNDAMENTALS. 18. Elasticity. 19. The Logic of Consumer Choice. Appendix B: Budget Constraint and Indifference Curve Analysis. 20. The Firm. 21. Production and Costs. PART SEVEN: PRODUCT MARKETS AND POLICIES. 22. Perfect Competition. 23. Monopoly. 24. Monopolistic Competition and Oligopoly. 25. Government and Product Markets: Antitrust and Regulation. 26. Agriculture: Farmers' Problems, Government Policies, and Unintended Effects. PART EIGHT: FACTOR MARKETS AND RELATED ISSUES. 27. Factor Markets: With Emphasis on the Labor Market.28. Wages, Unions, and Labor. 29. The Distribution of Income and Poverty. 30. Interest, Rent, and Profit. PART NINE: MARKET FAILURE AND PUBLIC CHOICE. 31. Market Failure: Externalities, Public Goods, and Asymmetric Information. 32. Public Choice: Economic Theory Applied to Politics. THE WORLD ECONOMY. PART TEN: INTERNATIONAL ECONOMICS: THEORY AND POLICY. 33. International Trade. 34. International Finance. 35. International Economic Development.
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