Principles of Economics and Graphing / Edition 3

Principles of Economics and Graphing / Edition 3

by Fred M. Gottheil
     
 

ISBN-10: 0324125712

ISBN-13: 9780324125719

Pub. Date: 07/28/2001

Publisher: Thomson South-Western

This text conveys the principles of economics in a superb conversational style that engages students in the material unlike any other text. By appealing to students' interests and language; using familiar stories, illustrations, and scenarios and a direct-to-student writing style; and a narrative built on questions, the distance is lessened between the student and…  See more details below

Overview

This text conveys the principles of economics in a superb conversational style that engages students in the material unlike any other text. By appealing to students' interests and language; using familiar stories, illustrations, and scenarios and a direct-to-student writing style; and a narrative built on questions, the distance is lessened between the student and the unfamiliar concepts of economics. The book also maintains a focus on presenting basic concepts in depth and developing economic analysis step-by-step, rather than covering hundreds of topics superficially. With this book, students are discouraged from simply memorizing facts and are engaged in active learning.

Product Details

ISBN-13:
9780324125719
Publisher:
Thomson South-Western
Publication date:
07/28/2001
Edition description:
3RD BK&CDR
Pages:
850
Product dimensions:
8.60(w) x 10.05(h) x 1.02(d)

Table of Contents

UNIT I: THE BASICS OF ECONOMIC ANALYSIS. 1. Introduction. 2. Production Possibilities and Opportunity Costs. 3. Demand and Supply. Appendix-Applications of Supply and Demand. 4. Elasticity. UNIT II: INTRODUCTION TO MICROECONOMICS. 5. Marginal Utility and Consumer Choice
6. Price Ceilings and Price Floors. 7. Business Ownership and Organization: Proprietorships, Partnerships, and Corporations. UNIT III: THE MICROECONOMICS OF PRODUCT MARKETS. 8. Costs of Production. 9. Maximizing Profit. 10. Identifying Markets and Market Structures. 11. Price and Output in Monopoly, Monopolistic Competition, and Perfect Competition. 12. Price and Output Determination Under Oligopoly. 13. Antitrust and Regulation. 14. Externalities, Market Failure, and Public Choice. UNIT IV: THE MICROECONOMICS OF FACTOR MARKETS. 15. Wage Rates in Competitive Labor Markets. 16. Wages and Employment: Monopsony and Labor Unions. 17. Interest, Rent, and Profit. 18. Income Distribution and Poverty. UNIT V: EMPLOYMENT, INFLATION, AND FISCAL POLICY. 19. Aggregate Demand and Aggregate Supply. 20. Gross Domestic Product Accounting. 21. Consumption and Investment. 22. Equilibrium National Income. 23. Fiscal Policy: Coping With Inflation and Unemployment. 24. Economic Growth: Business Cycles, and Countercyclical Fiscal Policy. UNIT VI: MONEY, BANKING, AND MONETARY POLICY.
25. Money. 26. Money Creation and the Banking System. 27. The Federal Reserve System and Monetary Policy. UNIT VII: GOVERNMENT AND THE MACROECONOMY. 28. Can Government Really Stabilize the Economy? 29. Government Spending. 30. Financing Government: Taxes and Debt. UNIT VIII: THE WORLD ECONOMY. 31. International Trade. 32. Exchange Rates, Balance of Payments, and International Debt. 33. The Economic Problems of Less-Developed Economies. Practice Test Answer Key. Glossary. Index. Photo Credits.

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