Economics : principles and tools
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Bibliographic Information
Economics : principles and tools
（Prentice Hall series in economics）
Prentice Hall, c2003
3rd ed
- : hbk
- : CD-ROM
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Description and Table of Contents
- Volume
-
: hbk ISBN 9780130081513
Description
For 2-semester, freshman/sophomore-level courses in principles of economics.
This modern, Micro first text has a strong foundation in demand and supply. Its thoughtful coverage of change in demand vs. change in quantity demanded (also in supply coverage) enables students to better visualize and truly understand the difference between these 2 fundamental concepts. Early coverage of comparative advantage and externalities reflects a more modern approach to teaching and understanding the underpinnings of microeconomics. In macroeconomics, the long run first organization offers a balanced presentation between long run and short run topics and allows professors to cover the important issues of growth early, and gives them the flexibility to cover Keynesian material when they feel it is important. The AD/AS Model is covered early in the presentation.
If you want to teach a modern, Micro-first principles course that brings out economic applications through active learning and experiments, and utilizes a streamlined framework emphasizing 5 key principles, examine O'Sullivan/Sheffrin's Economics: Principles and Tools 3/e.
When covering Comparative Advantage, if you prefer early coverage and emphasis continuing throughout related topics, start by looking at Chapter 3 and continue through O'Sullivan/Sheffrin???s discussion of interdependence of economies.
Microeconomics
If you like to emphasize Consumer and Producer Surplus, take a look at Chapter 6, as well as, pages 121-137 in O'Sullivan/Sheffrin 3/e.
If you believe it is important to cover Game Theory in-depth with your students, take a look at O'Sullivan/Sheffrin's strong but accessible coverage of Game Theory in Chapter 12.
If Imperfect Information is a topic that you wish to explore in-depth, see Chapter 15 in O'Sullivan and Sheffrin's 3rd Edition.
Macroeconomics
If you prefer to introduce long run issues with subsequent, balanced coverage of AS/AD and the Keynesian Cross, examine Chapters 22-25.
Table of Contents
I. INTRODUCTION AND KEY PRINCIPLES.
1. Introduction: What Is Economics?
2. Key Principles of Economics.
3. Markets in the Global Economy.
4. Supply, Demand, and Market Equilibrium.
II. A CLOSER LOOK AT SUPPLY AND DEMAND.
5. Elasticity: A Measure of Responsiveness.
6. Market Efficiency and Government Intervention.
7. Consumer Choice.
III. MARKET STRUCTURES AND PRICING.
8. Production and Cost.
9. Perfect Competition: Short Run and Long Run.
10. Monopoly.
11. Entry and Monopolistic Competition.
12. Oligopoly and Strategic Behavior.
13. Using Market Power: Price Discrimination and Advertising.
14. Controlling Market Power: Antitrust Policy and Deregulation.
IV. SPILLOVERS AND INFORMATION.
15. Imperfect Information and Disappearing Markets.
16. Public Goods, Taxes, and Public Choice.
17. Environmental Policy.
V. THE LABOR MARKET AND ECONOMIC CHALLENGES.
18. The Labor Market.
19. Economic Challenges: Poverty, Aging, Health Care.
VI. THE BASIC CONCEPTS IN MACROECONOMICS.
20. Measuring a Nation's Production and Income.
21. Unemployment and Inflation.
VII. THE ECONOMY IN THE LONG RUN.
22. Classical Economics: The Economy at Full Employment.
23. Why Do Economies Grow?
VIII. ECONOMIC FLUCTUATIONS.
24. Aggregate Demand and Aggregate Supply.
25. Keynesian Economics and Fiscal Policy.
26. Investment and Financial Intermediation.
IX. MONEY, BANKING, AND MONETARY POLICY.
27. Money, the Banking System, and the Federal Reserve.
28. Monetary Policy in the Short Run.
X. INFLATION, UNEMPLOYMENT, AND ECONOMIC POLICY.
29. From the Short Run to the Long Run.
30. The Dynamics of Inflation and Unemployment.
31. Current Issues in Macroeconomic Policy.
XI. THE INTERNATIONAL ECONOMY.
32. International Trade and Public Policy.
33. The World of International Finance.
- Volume
-
: CD-ROM ISBN 9780130462374
Description
NEW AND ENHANCED! Active Learning CD-ROM This unique learning tool reinforces key concepts with rich, interactive exercises. New to this edition are seven Economic Experiment Videos, an electronic Graphing Tool, and an audio Graphing tutorial. The Active Learning CD-ROM is free with every new copy of this text! FEATURES *Active Graphs--Over 60 Active Graphs (referenced in the text) allow students to change the value of a variable and look at the effects on the equilibrium. Experience indicates that using graphs in this way considerably strengthens students' intuition and understanding of the mechanisms at work. *eGraphs--Our new electronic graph builder--allows students to plot and create their own graphs using FLASH animation. Graphing Questions, which require the student to analyze a scenario using eGraph, can then be printed or sent electronically to their professor for grading. *Graphing Tutorial--A dynamic visual and audio graphing tutorial provides helpful explanations and reference for the student. *Economic Experiments--Seven economic experiments have been chosen from the text and filmed five in classes at Iona College to demonstrate the fun interactive nature of economics
by "Nielsen BookData"
