Economics: Principles and Policy, 2007 Update / Edition 10

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Book is New, Excellent condition. Multiple copies available this title. Quantity Available: 6. Category: Economics; ISBN: 0324537026. ISBN/EAN: 9780324537024. Inventory No: ... 1560793778. 10th Edition. Read more Show Less

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Overview

Since introducing the aggregate supply/aggregate demand model as a fundamental tool for learning economics over two decades ago, William J. Baumol and Alan S. Blinder continue their long tradition of equipping students with the knowledge and tools they need to apply modern economics to their world. Hallmark features include one of the strongest policy treatments on the market and a careful and in-depth focus on the most important economic tools students should retain after the course is over. The 2007 Update edition of ECONOMICS: PRINCIPLES AND POLICY also continues the Baumol and Blinder tradition of graphing and data currency - making it the most up to date text available.

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Product Details

  • ISBN-13: 9780324537024
  • Publisher: Cengage Learning
  • Publication date: 6/22/2007
  • Edition description: Updated
  • Edition number: 10
  • Pages: 840
  • Product dimensions: 8.71 (w) x 11.22 (h) x 1.24 (d)

Meet the Author

William J. Baumol received his BSS at the College of the City of New York and his Ph.D. at the University of London. He is professor of economics at New York University, and senior research economist and professor emeritus at Princeton University. He is a frequent consultant to the management of major firms in a wide variety of industries in the United States and other countries, as well as to a number of governmental agencies. He has been president of the American Economic Association, and three other professional societies. He is an elected member of the National Academy of Sciences, created by the U.S. Congress, and of the American Philosophical Society, founded by Benjamin Franklin. Baumol is the author of more than thirty-five books, and hundreds of journal and newspaper articles that have been translated into more than a dozen languages.

Alan S. Blinder earned his Master's degree at the London School of Economics and a Ph.D. at MIT. He teaches at Princeton University and is the co-director of Princeton's Center for Economic Policy Studies. Blinder was President Clinton's first Council of Economic Advisers, served as vice chairman of the Federal Reserve Board, and played a role in formulating both the fiscal and monetary policies of the 1990s. Blinder wrote newspaper and magazine columns on economic policy for more than ten years.

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Table of Contents

PART I: GETTING ACQUAINTED WITH ECONOMICS. 1. What Is Economics? 2. The Economy: Myth and Reality. 3. The Fundamental Economic Problem: Scarcity and Choice. 4. Supply and Demand: An Initial Look. PART II: THE BUILDING BLOCKS OF DEMAND AND SUPPLY. 5. Consumer Choice: Individual and Market Demand. 6. Demand and Elasticity. 7. Production, Inputs, and Cost: Building Blocks for Supply Analysis. 8. Output, Price, and Profit: The Importance of Marginal Analysis. 9. The Economics of the Stock Market. PART III: MARKETS AND THE PRICE SYSTEM. 10. The Firm and the Industry under Perfect Competition. 11. Monopoly. 12. Between Competition and Monopoly. 13. Limiting Market Power: Regulation and Antitrust. PART IV: THE VIRTUES AND LIMITATIONS OF MARKETS. 14. The Price System and the Case for Free Markets. 15. The Market Mechanism: Shortcomings and Remedies. 16. Innovation and Growth: The Free Market's Greatest Triumph. 17. Externalities, the Environment and Natural Resources. 18. Taxation and Resource Allocation. PART V: THE DISTRIBUTION OF INCOME. 19. Pricing the Factors of Production. 20. Labor: The Human Input. 21. Poverty, Inequality, and Discrimination. PART VI: THE MACROECONOMY: AGGREGATE SUPPLY AND DEMAND. 22. The Realm of Macroeconomics. 23. The Goals of Macroeconomic Policy. 24. Economic Growth: Theory and Policy. 25. Aggregate Demand and the Powerful Consumer. 26. Demand-Side Equilibrium: Unemployment or Inflation? 27. Supply-Side Equilibrium: Unemployment and Inflation? PART VII: FISCAL AND MONETARY POLICY. 28. Managing Aggregate Demand: Fiscal Policy. 29. Money and the Banking System. 30. Monetary Policy and the National Economy. 31. The Debate Over Monetary and Fiscal Policy. 32. Fiscal Policy, Monetary Policy, and Growth. 33. Inflation and Growth: The Phillips Curve. PART VIII: THE UNITED STATES IN THE WORLD ECONOMY. 34. International Trade and Comparative Advantage. 35. The International Monetary System: Order or Disorder? 36. Exchange Rates and the Macroeconomy.

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