Macroeconomics: Study Guide / Edition 5

Macroeconomics: Study Guide / Edition 5

by Michael Parkin
     
 

ISBN-10: 0201637871

ISBN-13: 9780201637878

Pub. Date: 07/28/1999

Publisher: Benjamin-Cummings Publishing Company

This text strives to make macroeconomics come alive for today's students planning to major in business or economics. The content reflects the news-stream from financial markets,Fed monetary policy,and budget debates. Key concepts are stressed and reinforced as the story of unfolds: the real vs. nominal distinction,the role of the interest rate in linking the…  See more details below

Overview

This text strives to make macroeconomics come alive for today's students planning to major in business or economics. The content reflects the news-stream from financial markets,Fed monetary policy,and budget debates. Key concepts are stressed and reinforced as the story of unfolds: the real vs. nominal distinction,the role of the interest rate in linking the real economy to the financial sector,how that linkage allows monetary policy to operate,and the role of the trade deficit. The fourth edition expands the chapter on financial intermediaries and markets - one that is popular with students,introduces indexed bonds into the discussion of interest rates,adds charts putting the recent bull market in historical context,and the chapter on the federal budget is completely revamped to reflect the emergence of a surplus. Additional exercises help reinforce concepts.

Product Details

ISBN-13:
9780201637878
Publisher:
Benjamin-Cummings Publishing Company
Publication date:
07/28/1999
Edition description:
Older Edition
Pages:
335
Product dimensions:
8.27(w) x 9.84(h) x (d)

Table of Contents

Pt. 1Introduction1
Ch. 1What Is Economics?5
Ch. 2Making and Using Graphs27
Ch. 3Production, Specialization, and Exchange49
Ch. 4Demand and Supply71
Pt. 2How Markets Work97
Ch. 5Elasticity101
Ch. 6Markets in Action124
Pt. 3Households' Choices152
Ch. 7Utility and Demand156
Ch. 8Possibilities, Preferences, and Choices178
Pt. 4Firms' Choices203
Ch. 9Organizing Production207
Ch. 10Output and Costs231
Pt. 5Markets for Goods and Services274
Ch. 11Competition278
Ch. 12Monopoly312
Ch. 13Monopolistic Competition and Oligopoly340
Pt. 6Markets for Factors of Production327
Ch. 14Pricing and Allocating Factors of Production376
Ch. 15Labor Markets406
Ch. 16Capital and Natural Resource Markets427
Pt. 7Markets, Uncertainty, and Distribution454
Ch. 17Uncertainty and Information458
Ch. 18The Distribution of Income and Wealth484
Pt. 8Markets and Government512
Ch. 19Market Failure516
Ch. 20Public Choice536
Ch. 21Regulation and Antitrust Law557
Pt. 9International Economics577
Ch. 22Trading with the World581
Ch. 23Economic Systems in Transition608

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