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Boyes Economics 7Ed,9780618761258
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Boyes Economics 7Ed



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The Seventh Edition of Economics maintains the hallmarks of the Boyes/Melvin series--accessible writing, strong pedagogy, and integration of global economic issues--with the revision focused on faithfully representing the latest thinking of economists on important microeconomic and macroeconomic phenomena. The authors have improved the integration of their popular pedagogy, technology, and supplements for a complete program that clearly illustrates the connection between the study of economics and the world of business. The text has been thoroughly updated to include the economic effects of the war in Iraq, the devastation of New Orleans by the Gulf Coast Hurricanes, and China's emergence as an economic power.Economics, 7/e, also provides in-depth coverage of one of today's most significant issues--globalization--and how it affects economic growth and poverty. The authors examine standards of living around the world, comparing the poverty of Sub-Saharan Africa to the wealth of industrial nations. Global Business Insight boxes illustrate economic concepts with examples from around the world; corresponding thumbnail maps provide a sense of economic geography and orient students visually. In addition, all available data up to 2005, and in many cases 2006, has been included.

Table of Contents

Introduction To The Price System
Economics: The World Around You
Appendix to Chapter 1
Working with Graphs
Choice, Opportunity Costs, and Specialization
Markets, Demand and Supply, and the Price System
The Market System and the Private Sector
The Public Sector
Macroeconomic Basics
National Income Accounting
An Introduction to the Foreign Exchange Market and the Balance of Payments
Unemployment and Inflation
Macroeconomic Equilibrium: Aggregate Demand and Supply
Aggregate Expenditures
Appendix to Chapter 10
An Algebraic Model of Aggregate Expenditures
Income and Expenditures Equilibrium
Appendix to Chapter 11
An Algebraic Model of Income and Expenditures Equilibrium
Macroeconomic Policy
Fiscal Policy
Appendix to Chapter 12
An Algebraic Examination of the Balanced-Budget Change in Fiscal Policy
Money and Banking
Monetary Policy
Macroeconomic Policy: Tradeoffs, Expectations, Credibility, and Sources of Business Cycles
Macroeconomic Viewpoints: New Keynesian, Monetarist, and New Classical
Economic Growth And Development
Economic Growth
Development Economics
Productmarket Basics
Elasticity: Demand and Supply
Appendix to Chapter 20
Calculating Elasticity
Consumer Choice
Appendix to Chapter 21
Indifference Analysis
Supply: The Costs of Doing Business
Appendix to Chapter 22
The Mechanics of Going from Production to Costs
Product Markets
Profit Maximization
Perfect Competition
Monopolistic Competition and Oligopoly
Antitrust and Regulation
Government and Market Failure
Resource Markets
Resource Markets
The Labor Market
Capital Markets
The Land Market and Natural Resources
Current Issues Involving The Public Sector And The Market Economy
Aging, Social Security, and Health Care
Income Distribution, Poverty, and Government Policy
Issues In International Trade And Finance
World Trade Equilibrium
International Trade Restrictions
Exchange Rates and Financial Links Between Countries
Table of Contents provided by Publisher. All Rights Reserved.

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