Principles of Economics / Edition 7

Principles of Economics / Edition 7

by John B. Taylor
     
 

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ISBN-10: 0538453591

ISBN-13: 9780538453592

Pub. Date: 10/12/2011

Publisher: Cengage Learning


This clearly written book offers concise, yet thorough coverage of current economic theories. Refreshing examples, engaging applications, and streamlined content simplify even the most advanced topics. PRINCIPLES OF ECONOMICS, 7th EDITION emphasizes the central idea of economics using real-world examples of how markets work, why markets are efficient when the

Overview


This clearly written book offers concise, yet thorough coverage of current economic theories. Refreshing examples, engaging applications, and streamlined content simplify even the most advanced topics. PRINCIPLES OF ECONOMICS, 7th EDITION emphasizes the central idea of economics using real-world examples of how markets work, why markets are efficient when the incentives are right, and why they are inefficient when the incentives are wrong. Author, John B. Taylor, the former Undersecretary of the Treasury for International Affairs, provides unique insights into today's issues. This edition addresses the global financial challenges currently being faced, and recovery from these economic challenges. Updated graphs, figures, and popular learning features present the latest issues and data, including coverage of the Obama Administration Online learning tools, such as Aplia, the leading homework solution, is available as part of a complete supplement package to further ensure your understanding of economic developments as they happen.

Product Details

ISBN-13:
9780538453592
Publisher:
Cengage Learning
Publication date:
10/12/2011
Edition description:
New Edition
Pages:
888
Sales rank:
639,131
Product dimensions:
8.80(w) x 10.10(h) x 1.40(d)

Table of Contents


PART ONE INTRODUCTION TO ECONOMICS. 1 The Central Idea. 2 Observing and Explaining the Economy. Appendix to Chapter 2 Reading, Understanding, and Creating Graphs. 3 The Supply and Demand Model. 4 Subtleties of the Supply and Demand Model: Price Floors, Price Ceilings and Elasticity. PART TWO PRINCIPLES OF MICROECONOMICS. 5 The Demand Curve and the Behavior of Consumers. Appendix to Chapter 5 Consumer Theory with Indifference Curves. 6 The Supply Curve and the Behavior of Firms. 7 The interaction of People in Markets. PART THREE THE ECONOMICS OF THE FIRM. 8 Costs and the Changes at Firms over Time. Appendix to Chapter 8 Producer Theory with Isoquants. 9 The Rise and Fall of Industries. 10 Monopoly. 11 Product Differentiation, Monopolistic Competition, and Oligopoly. 12 Antitrust Policy and Regulation. PART FOUR MARKETS. 13 Labor Markets. 14 Taxes, Transfers and Income Distribution. 15 Public Goods, Externalities and Government Behavior. 16 Capital and Financial Markets. Appendix to chapter 16 Present Discounted Value. PART FIVE PRINCIPLES OF MACROECONOMICS. 17 Macroeconomics: The Big Picture. Appendix to Chapter 17 The Miracle of Compound Growth. 18 Measuring the Production, Income and Spending of Nations. 19 The Spending Allocation Model. 20 Unemployment and Employment. 21 Productivity and Economic Growth. Appendix to Chapter 21 Deriving the Growth Accounting Formula. 22 Money and Inflation. PART SIX ECONOMIC FLUCTUATIONS AND MACROECONOMIC POLICY. 23 The Nature and Causes of Economic Fluctuations. Appendix to Chapter 23 Deriving the Formula for the Keynesian Multiplier and the Forward Looking Consumption Model. 24 The Economic Fluctuations Model. 25 Using the Economic Fluctuations Model. 26 Fiscal Policy. 27 Monetary Policy. PART SEVEN OPEN ECONOMY MACROECONOMICS. 28 Economic Growth and Globalization. 29: International Trade. 30: International Finance.

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