Microeconomics: Private and Public Choice / Edition 14

Microeconomics: Private and Public Choice / Edition 14

ISBN-10:
1111970610
ISBN-13:
9781111970611
Pub. Date:
01/01/2012
Publisher:
Cengage Learning

Paperback

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Overview

Microeconomics: Private and Public Choice / Edition 14

A cornerstone of Harcourt¦s publishing program, Microeconomics: Private and Public Choice is considered to be the best existing principles of economics textbook emphasizing free markets. The strengths of this text are its clarity, emphasis on the economic way of thinking, and its application to the world around us. Microeconomics: Private and Public Choice has an amazing approach to introducing students to a moderate amount of economic data while applying the concept to a real-world story.

Product Details

ISBN-13: 9781111970611
Publisher: Cengage Learning
Publication date: 01/01/2012
Edition description: Older Edition
Pages: 528
Product dimensions: 8.50(w) x 10.70(h) x 0.80(d)

About the Author

James D. Gwartney holds the Gus A. Stavros Eminent Scholar Chair at Florida State University, where he directs the Stavros Center for the Advancement of Free Enterprise and Economic Education. His writings have been widely published in both professional journals and popular media. He is a co-author of COMMON SENSE ECONOMICS: WHAT EVERYONE SHOULD KNOW ABOUT WEALTH AND PROSPERITY (St. Martin's Press, 2016), a primer on economics and personal finance. Dr. Gwartney's current research focuses on the measurement and determination of factors that influence cross-country differences in income levels and growth rates. In this regard he is the co-author (with Robert Lawson and Joshua Hall) of the annual report, Economic Freedom of the World, which provides information on the institutions and policies of 157 countries. This data set, published by a worldwide network of institutes in 80 countries, is widely used by scholars investigating topics ranging from economic growth to peaceful relations among nations. Dr. Gwartney served as Chief Economist of the Joint Economic Committee of the U.S. Congress during 1999-2000. In 2004, he was the recipient of the Adam Smith Award of the Association of Private Enterprise Education for his contribution to the advancement of free market ideals. He is a past President of the Southern Economic Association and the Association for Private Enterprise Education. He earned his Ph.D. in economics from the University of Washington.

Richard L. Stroup is Professor Emeritus of economics at Montana State University and Professor Emeritus of economics at North Carolina State University. His Ph.D. is from the University of Washington. From 1982 to 1984 he served as director of the Office of Policy Analysis at the U.S. Department of the Interior. Stroup has published and lectured on topics such as global warming, land use regulation, archaeology, and about needed environmental policy improvements. His research helped to develop the approach known as free market environmentalism. He is a co-author of COMMON SENSE ECONOMICS: WHAT EVERYONE SHOULD KNOW ABOUT WEALTH AND PROSPERITY (St. Martin's Press, 2016). His book ECONOMICS: WHAT EVERYONE SHOULD KNOW ABOUT ECONOMICS AND THE ENVIRONMENT (Washington: Cato Institute, 2003) was sponsored by the Property and Environment Research Center, of which he is a co-founder.

Russell S. Sobel earned his Ph.D. in economics from Florida State University in 1994. He has published more than 200 books and articles, and has received national recognition for his works on entrepreneurship and FEMA reform. Dr. Sobel serves on the editorial board for three academic journals, and on the advisory board for four university centers. He has won numerous awards for both his teaching and his research. He regularly teaches courses in both principles of economics and public economics and gives lectures at economic education outreach programs. Dr. Sobel is a Professor of Economics and Entrepreneurship at The Citadel.

David A. Macpherson is the E.M. Stevens Distinguished Professor of Economics and Economics Department Chair at Trinity University. Previously, he was Director of the Pepper Institute on Aging and Public Policy and the Rod and Hope Brim Eminent Scholar of Economics at Florida State University, where he received two university-wide awards for teaching excellence. His teaching areas include principles of microeconomics, money and banking, econometrics, and labor economics. Dr. Macpherson is an applied economist whose research focuses on real estate, pensions, discrimination, industry deregulation, labor unions, and the minimum wage. He has published more than 60 articles in leading economics and real estate journals, including Review of Economic and Statistics, Journal of Labor Economics, Journal of Human Resources, Industrial and Labor Relations Review, Journal of Real Estate Economics and Finance. His research has been funded by a variety of entities including the National Science Foundation, Florida Legislature, and the National Association of Realtors. He is co-author of the undergraduate labor economics text, CONTEMPORARY LABOR ECONOMICS, 11E as well as the annual UNION MEMBERSHIP AND EARNINGS DATA BOOK: COMPLIATIONS FROM THE CURRENT POPULATION SURVEY. He is included in WHO'S WHO IN ECONOMICS, 4E which includes the 1,200 most frequently cited economists. Dr. Macpherson received his undergraduate degree and Ph.D. from Pennsylvania State University.

Table of Contents

Part 1The Economic Way of Thinking1
Chapter 1The Economic Approach4
Chapter 2Some Tools of the Economist27
Part 2Markets and Governments53
Chapter 3Supply, Demand, and the Market Process56
Chapter 4Supply and Demand: Applications and Extensions86
Chapter 5The Economic Role of Government112
Chapter 6The Economics of Collective Decision Making130
Part 3Core Microeconomics153
Chapter 7Demand and Consumer Choice156
Chapter 8Costs and the Supply of Goods184
Chapter 9Price Takers and the Competitive Process210
Chapter 10Price-Searcher Markets with Low Entry Barriers233
Chapter 11Price-Searcher Markets with High Entry Barriers253
Chapter 12The Supply of and Demand for Productive Resources280
Chapter 13Earnings, Productivity, and the Job Market300
Chapter 14Investment, the Capital Market, and the Wealth of Nations318
Chapter 15Income Inequality and Poverty336
Part 4International Economics355
Chapter 16Gaining from International Trade359
Chapter 17International Finance and the Foreign Exchange Market383
Part 5Beyond the Basics407
Special Topic 1Government Spending and Taxation410
Special Topic 2The Internet: How Is it Changing the Economy?421
Special Topic 3The Economics of Social Security431
Special Topic 4The Stock Market: What Does It Do and How Has It Performed?442
Special Topic 5The Economic of Health Care455
Special Topic 6School Choice: Can It Improve the Quality of Education in America?467
Special Topic 7Is Discrimination Responsible for the Earnings Differences Between Men and Women?475
Special Topic 8Do Labor Unions Increase the Wages of Workers?481
Special Topic 9How Does Government Regulation Affect Your Life?494
Special Topic 10Natural Resources and the Future505
Special Topic 11Economics and the Environment516
Appendix AGeneral Business and Economic Indicators527
Appendix BAnswers to Selected Critical Analysis Questions537
Glossary553
Credits561
Index563

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