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Gain a better understanding of today's global financial crisis, its possible causes and potential consequences with the thoroughly revised PRINCIPLES OF ECONOMICS, 6E: GLOBAL FINANCIAL CRISIS EDITION by accomplished economic expert John B. Taylor and co-author Akila Weerapana. Completely updated chapters focus on the latest information regarding monetary policy (Ch. 27), economic fluctuations, money and inflation, and capital and financial markets. As former Undersecretary of the Treasury for International Affairs and one of the most respected voices in economics, author John Taylor provide usnique insights into today's issues. Updated graphs, figures, and popular learning features present the latest issues, including coverage of the Obama Administration. This clearly written text continues to offer concise yet thorough coverage of current economic theories with refreshing examples, engaging applications, and Aplia, the leading homework solution. Ensure your understanding of economic developments as they happen with PRINCIPLES OF ECONOMICS, 6E: GLOBAL FINANCIAL CRISIS EDITION.
PART I. INTRODUCTION TO ECONOMICS. 1. The Central Idea. 2. Observing and Explaining the Economy. 2A. 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 II. PRINCIPLES OF MICROECONOMICS. 5. The Demand Curve and the Behavior of Consumers. 5A. 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 III. THE ECONOMICS OF THE FIRM. 8. Costs and the Changes at Firms over Time. 8A. 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 IV. MARKETS, INCOME DISTRIBUTION, AND PUBLIC GOODS. 13. Labor Markets. 14. Taxes, Transfers, and Income Distribution. 15. Public Goods, Externalities, and Government Behavior. 16. Capital and Financial Markets. 16A. Appendix to Chapter 16: Present Discounted Value. PART V. PRINCIPLES OF MACROECONOMICS. 17. Macroeconomics: The Big Picture. 17A 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. 21A. Appendix to Chapter 21: Deriving the Growth Accounting Formula. 22. Money and Inflation. PART VI. ECONOMIC FLUCTUATIONS AND MACROECONOMIC POLICY. 23. The Nature and Causes of Economic Fluctuations. 23A. 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 and the Financial Crisis. PART VII. TRADE AND GLOBAL MARKETS. 28. Economic Growth and Globalization. 29. The Gains from International Trade. 30. International Trade Policy. Glossary. Index. Credits.