Principles of Macroeconomics / Edition 2

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Overview

This text conveys the principles of microeconomics in a superb conversational style through a series of 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 the analysis step-by-step, rather than covering hundreds of topics superficially.
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Editorial Reviews

Booknews
Gottheil's (U. of Illinois) introduction to economics works to ease undergraduates into the topic with basic principles and daily-life applications, avoiding too much lofty theory. The latest edition strengthens an emphasis on economics as part of the larger universe of social sciences through sidebar boxes that provide global, interdisciplinary, historical, applied, and theoretical perspectives elaborating on the text. Annotation c. Book News, Inc., Portland, OR (booknews.com)
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Product Details

  • ISBN-13: 9780538868198
  • Publisher: South-Western
  • Publication date: 7/28/1998
  • Series: Miscellaneous/Catalogs Series
  • Edition description: Older Edition
  • Edition number: 2
  • Pages: 464
  • Product dimensions: 8.55 (w) x 10.00 (h) x 0.65 (d)

Table of Contents

PART 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. THE WORLD ECONOMY. 19. International Trade. 20. Exchange Rates, Balance of Payments, and International Debt. 21. Economic Problems of Less-Developed Economics.
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