Arnold's ECONOMICS, Concise Edition focuses on core economics topics, allowing instructors to concentrate on the key concepts they most want their students to understand. Presented in an essential 24 chapters, you'll find the same readability, relatable examples, and solid theory that has made Arnold's ECONOMICS a market leader for seven editions. This text has concise and complete coverage of all core economics concepts, including international trade and finance, providing understanding of all the key topics in less time. Arnold also provides streamlined, topical and concise coverage of important (and sometimes challenging) macroeconomics concepts such as money & banking and monetary and fiscal policy. This is the trademark Arnold solid foundation and real-world relevance distilled into concise coverage at an affordable price.
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Table of Contents
PART 1. ECONOMICS THE SCIENCE OF SCARCITY. 1. What Economics Is About. Appendix A: Working with Diagrams. Appendix B: Should You Major in Economics? 2. Economic Activities: Producing and Trading. 3. Supply and Demand: Theory. MACROECONOMICS. PART 2. MACROECONOMIC FUNDAMENTALS. 4. Macroeconomic Measurements. PART 3. MACROECONOMIC STABILITY AND INSTABILITY. 5. Aggregate Demand and Aggregate Supply. 6. The Self-Regulating Economy. 7. Economic Instability: A Critique of the Self-Regulating Economy. PART 4. MONEY AND BANKING, FISCAL POLICY, MONETARY POLICY. 8. Money, Banking, and the Federal Reserve. 9. Money, the Price Level, and Interest Rates. 10. Monetary Policy and Fiscal Policy. PART 5. EXPECTATIONS AND GROWTH. 11. Expectations Theory and the Economy. 12. Economic Growth. MICROECONOMICS. PART 6 MICROECONOMIC FUNDAMENTALS. 13. Elasticity. 14. Consumer Choice: Maximizing Utility and Behavioral Economics. Appendix C: Budget Constraint and Indifference Curve Analysis. 15. Production and Costs. PART 7. PRODUCT MARKETS. 16. Perfect Competition. 17. Monopoly. 18. Monopolistic Competition and Oligopoly. PART 8. FACTOR MARKETS AND RELATED ISSUES. 19. Factor Markets. 20. Interest, Rent, and Profit. 21. The Distribution of Income and Poverty. PART 9. MARKET FAILURE AND PUBLIC CHOICE. 22. Market Failure: Externalities, Public Goods, and Asymmetric Information. 23. Public Choice. THE WORLD ECONOMY. PART 10. INTERNATIONAL ECONOMICS: THEORY AND POLICY. 24. International Trade and Finance.