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ESSENTIALS OF ECONOMICS, SECOND EDITION offers students a lively, back-to-the-basics approach designed to take the intimidation out of economics. With its short, self-contained learning units and its carefully chosen pedagogy, graphs, and photos, this text will help students' master and retain the principles of economics. In addition, the current events focus and modular format of presenting information makes Essentials of Economics a very student-accessible and user-friendly text. Driven by his over 20 years of experience teaching the economics principles course, Bob Sexton's dedication and enthusiasm shines through in ESSENTIALS OF ECONOMICS.
1. The Role And Method Of Economics. 2. The Economic Way Of Thinking. 3. Scarcity, Trade-Offs, and Economic Growth. 4. Supply and Demand. 5. Bringing Supply and Demand Together. 6. Elasticities. 7. Market Efficiency and Welfare. 8. Externalities and Public Goods. 9. Production And Costs. 10. Perfect Competition. 11. Monopoly. 12. Monopolistic Competition and Oligopoly. 13. Supply and Demand in Labor Markets. 14. Unemployment, Inflation, and Economic Fluctuations. 15. Measuring a Nations Production, Income, and Spending. 16. Economic Growth in the Global Economy. 17. Aggregate Demand and Aggregate Supply Fiscal Policy. 18. Public Sector. 19. Money and the Banking System. 20. The Federal Reserve System and Monetary Policy. 21. International Trade.