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Economics: Theory and Practice / Edition 10

Economics: Theory and Practice / Edition 10

by Patrick J. Welch, Gerry F. Welch
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Product Details

ISBN-13: 9781118233597
Publisher: Wiley
Publication date: 12/26/2012
Edition description: Older Edition
Pages: 560
Product dimensions: 7.90(w) x 9.90(h) x 1.00(d)

About the Author

Patrick Welch is an Economics professor in the John Cook School of Business at Saint Louis University. He received his B.A. from Marquette and his Ph. D. from the University of Pittsburgh. Research interests include: history of economic thought, industrial organization, and antitrust economics.

Table of Contents

PART ONE Introduction to Economics 1

CHAPTER 1 Introduction to Economics 3

CHAPTER 2 Economic Decision Making and Economic Systems 35

CHAPTER 3 Demand, Supply, and Price Determination 63

PART TWO The Macroeconomy 101

CHAPTER 4 Goals and Problems of the Macroeconomy: Employment, Prices, and Production 103

CHAPTER 5 Foundations of the Macroeconomy 141

CHAPTER 6 The Role of Government in the Macroeconomy 173

CHAPTER 7 Money, Financial Institutions, and the Federal Reserve 203

CHAPTER 8 Money Creation, Monetary Theory, and Monetary Policy 231

CHAPTER 9 Macroeconomic Viewpoints and Models 259

PART THREE The Microeconomy 283

CHAPTER 10 Households and Businesses: An Overview 285

CHAPTER 11 Benefits, Costs, and Maximization 305

CHAPTER 12 Production and the Costs of Production 335

CHAPTER 13 Competition and Market Structures 365

CHAPTER 14 Government and the Markets 405

CHAPTER 15 Labor Markets, Unions, and the Distribution of Income 431

PART FOUR The International Economy 461

CHAPTER 16 International Trade 463

CHAPTER 17 International Finance 485

Glossary 507

Answers to “Test Your Understanding” 517

Index 525

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