Economics : principles and applications
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Bibliographic Information
Economics : principles and applications
South-Western College Pub, c1998
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Includes bibliographical references and index
Description and Table of Contents
Description
An introduction to basic economic theory and its applications. This text aims to keep students focused on learning and applying the central ideas used in economic analysis. It can be used as a study tool for students and a complement to, rather than a substitute for the instructor. Pedagogy and applications are designed to maintain a focus on the fundamentals while allowing instructors the flexibility to bring in additional material as they choose. In-text Internet links and a Web site provide opportunities and exercises for students to access and analyze additional real-world economic applications. Also available in micro and macro softcover split versions.
Table of Contents
Part 1. Preliminaries. 1. What is Economics? 2. Scarcity, Choice, and Economic Systems. 3. Supply and Demand. Part II. Microeconomics: Fundamental Concepts. 4. Elasticity: Concept and Use. 5. Consumer Choice. 6. Production and Cost. 7. How Firms Make Decisions: Profit Maximization. Part III. Product Markets. 8. Pure Competition. 9. Monopoly. 10. Monopolistic Competition and Oligopoly. Part IV. Input Markets. 11. The Labor Market. 12. Labor Earnings and Income Inequality. 13. Markets for Capital and Natural Resources. Part V. Efficiency and the Role of Government. 14. Economic Efficiency and the competitive Ideal. 15. Market Failures. Part VI. Macroeconomics: Basic Concepts. 16. What Macroeconomics Tries to Explain. 17. Production, Income, and Employment. 18. The Monetary System and the Price Level. Part VII. Long-Run Macroeconomics. 19. The Classical, Long-Run Model. 20. Economic Growth and Rising Living Standards. Part VIII. Short-Run Macroeconomics. 21. Booms and Recessions. 22. Spending and Income. Part IX. Money, Prices, and Fluctuations. 23. The Banking System and the Money Supply. 24. The Money Market and the Interest Rate. 25. Aggregate Supply and Aggregate Demand. Part X. Macroeconomic Policy. 26. Inflation and Monetary Policy. 27. Taxes, Spending, and the Federal Budget Deficit. Part XI. The International Economy. 28. Comparative Advantage and the Gains from Trade. 29. Exchange Rates and the Balance of Trade. 4
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