Principles of Economics / Edition 1

Principles of Economics / Edition 1

by Fred M. Gottheil
     
 

ISBN-10: 053884020X

ISBN-13: 9780538840200

Pub. Date: 09/28/1995

Publisher: 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

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:
9780538840200
Publisher:
South-Western
Publication date:
09/28/1995
Edition description:
Older Edition
Pages:
879

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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