Principles of Economics: Edition 2 / Edition 2by Fred M. Gottheil
Pub. Date: 07/28/1998
Publisher: Cengage Learning
This text conveys the principles of economics in a superb conversational style through a series of stores, anecdotes, and extended examples that students relate and respond to. Students are discouraged from simply memorizing facts and engaged in active learning. Maintains a focus on presenting basic concepts in depth and developing economics analysis step-by-step, rather than covering hundreds of topics superficially. Also available in macro and micro paperback split versions.
Table of ContentsPART I. THE BASICS OF ECONOMIC ANALYSIS. 1. Introduction. 2. Production Possibilities and Opportunity Costs. 3. Demand and Supply. PART II. INTRODUCTION TO MICROECONOMICS. 4. Elasticity. 5. Marginal Utility and Consumer Choice. 6. Price Ceilings and Price Floors. 7. Business Ownership and Organization: Proprietorships, Partnerships, and Corporations. PART 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. PART 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. PART 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. PART VI. MONEY, BANKING, AND MONETARY POLICY. 25. Money. 26. Money Creation and the Banking System. 27. The Federal Reserve System and Monetary Policy. PART VII. GOVERNMENT AND THE MACROECONOMY. 28. Can Government Really Stabilize the Economy? 29. Government Spending. 30. Financing Government: Taxes and Debt. PART VIII. THE WORLD ECONOMY. 31. International Trade. 32. Exchange Rates, Balance of Payments, and International Debt.33. Economic Problems of Less-Developed Economics.
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