Principles of economics
Author(s)
Bibliographic Information
Principles of economics
（The McGraw-Hill series in economics）
McGraw-Hill/Irwin, c2011
Brief ed., 2nd ed
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Note
Includes index
Description and Table of Contents
Description
In recent years, innovative texts in mathematics, science, foreign languages, and other fields have achieved dramatic pedagogical gains by abandoning the traditional encyclopedic approach in favor of teaching a shorter list of core principles in depth. Two well-respected writers and researchers, Bob Frank and Ben Bernanke, have shown that the less-is-more approach affords similar gains in introductory economics. The authors introduce a coherent short list of core principles and reinforce them by illustrating and applying each in numerous contexts. Students are periodically asked to apply these principles and to answer related questions and exercises. The Brief editions were developed for instructors who appreciate core principles approach, and desire a more manageable amount of content and slightly less rigor. In the brief editions, the authors made careful choices of material to eliminate and condense, in order to produce of more concise coverage.
Table of Contents
Part I Introduction Chapter 1Thinking Like an Economist Chapter 2Comparative Advantage Chapter 3Supply and Demand Part II Competition and the Invisible Hand Chapter 4Demand and Elasticity Chapter 5Perfectly Competitive Supply Chapter 6Efficiency, Exchange, and the Invisible Hand in Action Part III Market Imperfections Chapter 7Monopoly, Oligopoly, and Monopolistic Competition Chapter 8Games and Strategic Behavior Chapter 9Externalities and Property Rights Part IV Economics of Public Policy Chapter 10Using Economics to Make Better Policy Decisions Part V Macroeconomics: Data and Issues Chapter 11Spending, Income and GDP Chapter 12Inflation and the Price Level Chapter 13Wages and Unemployment Part VI The Economy in the Long Run Chapter 14Economic Growth Chapter 15Saving, Capital Formation, and Financial Markets Chapter 16Money, Prices, and the Financial System Part VII The Economy in the Short Run Chapter 17Short-Term Economic Fluctuations Chapter 18Spending, Output, and Fiscal Policy Chapter 19Monetary Policy and The Federal Reserve Chapter 20Aggregate Demand, Aggregate Supply, and Stabilization Policy Part VIII The International Economy Chapter 21Exchange Rates, International Trade, and Capital Flows
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