Principles of Economics / Edition 3

Principles of Economics / Edition 3

by Fred M. Gottheil
     
 

Gottheil (University of Illinois) covers basics of economic analysis, the microeconomics of product and factor markets, employment and inflation, monetary policy, government and the macroeconomy, and the world economy in this text for undergraduates. This fourth edition maintains an emphasis on basics and students understanding, with an informal style and… See more details below

Overview

Gottheil (University of Illinois) covers basics of economic analysis, the microeconomics of product and factor markets, employment and inflation, monetary policy, government and the macroeconomy, and the world economy in this text for undergraduates. This fourth edition maintains an emphasis on basics and students understanding, with an informal style and conversations representing student-teacher interactions. New to this fourth edition are updated economic data and boxed perspectives on current issues such as retiring baby boomers and the World Trade Organization. Annotation ©2004 Book News, Inc., Portland, OR

Product Details

ISBN-13:
9780324055917
Publisher:
Cengage South-Western
Publication date:
06/28/2001
Series:
Swc-Economics Series
Edition description:
Older Edition
Pages:
850
Product dimensions:
8.66(w) x 9.84(h) x (d)

Table of Contents


Preface     V
The Basics of Economic Analysis
Introduction     1
Production Possibilities and Opportunity Costs     19
Demand and Supply     37
Comprehensive Sample Test     60
Introduction to Microeconomics
Elasticity     70
Marginal Utility and Consumer Choice     87
Price Ceilings and Price Floors     123
Business Ownership and Organization     142
Comprehensive Sample Test     156
The Microeconomics of Product Markets
Costs of Production     167
Maximizing Profit     187
Identifying Markets and Market Structures     204
Price and Output in Monopoly, Monopolistic Competition, and Perfect Competition     218
Price and Output Determination Under Oligopoly     238
Antitrust and Regulation     258
Externalities, Market Failure, and Public Choice     272
Comprehensive Sample Test     289
The Microeconomics of Factor Markets
Wage Rates in Competitive Labor Markets     299
Wages and Employment: Monopsony and Labor Unions     321
Interest, Rent, and Profit     337
Income Distribution and Poverty     352
Comprehensive Sample Test     370
Employment,Inflation, and Fiscal Policy
Aggregate Demand and Aggregate Supply     378
Gross Domestic Product Accounting     396
Consumption and Investment     411
Equilibrium National Income     428
Fiscal Policy: Coping with Inflation and Unemployment     449
Economic Growth, Business Cycles, and Countercyclical Policy     467
Comprehensive Sample Test     483
Money, Banking, and Monetary Policy
Money     493
Money Creation and the Banking System     509
The Federal Reserve System and Monetary Policy     523
Comprehensive Sample Test     537
Government and the Macroeconomy
Can Government Really Stabilize the Economy?     546
Government Spending     563
Financing Government: Taxes and Debt     576
Comprehensive Sample Test     590
The World Economy
International Trade     598
Exchange Rates, Balance of Payments, and International Debt     617
Economic Problems of Less-Developed Countries     635
Comprehensive Sample Test     650

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