The Economic Way of Thinking

by Heyne, Paul T.; Heyne, Paul

• ISBN13: 9780130132994
• ISBN10: 0130132993
• Edition: 9th
• Format: Paperback
• Copyright: 1999-08-01
• Publisher: Prentice Hall

Summary

For one-term Principles/Survey of Economics courses. Noted for its clear and informative style, this text provides an in-depth discussion of a limited, but crucial set of economic principles and concepts, then applies these tools of analysis to a wide variety of familiar situations. It presents conceptually demanding material in a lively, often witty fashion that is both accessible and pertinent for beginning students.

Table of Contents

Preface	xi
The Economic Way of Thinking	1	(16)
Questions for Discussion	14	(3)
Substitutes Everywhere: The Concept of Demand	17	(28)
Questions for Discussion	37	(8)
Opportunity Cost and the Supply of Goods	45	(26)
Questions for Discussion	62	(9)
Supply and Demand: A Process of Cooperation	71	(28)
Questions for Discussion	92	(7)
Supply and Demand: Issues and Applications	99	(32)
Questions for Discussion	120	(11)
Efficiency, Exchange, and Comparative Advantage	131	(26)
Questions for Discussion	147	(10)
Information, Middlemen, and Speculators	157	(26)
Questions for Discussion	173	(10)
Price Setting and the Question of Monopoly	183	(16)
Questions for Discussion	191	(8)
Price Searching	199	(26)
Questions for Discussion	213	(12)
Competition and Government Policy	225	(27)
Questions for Discussion	240	(12)
Profit	252	(37)
Questions for Discussion	277	(12)
The Distribution of Income	289	(32)
Questions for Discussion	307	(14)
Externalities and Conflicting Rights	321	(28)
Questions for Discussion	337	(12)
Markets and Government	349	(34)
Questions for Discussion	369	(14)
The Overall Performance of Economic Systems	383	(20)
Questions for Discussion	399	(4)
The Supply of Money	403	(22)
Questions for Discussion	420	(5)
Monetary and Fiscal Policies	425	(24)
Questions for Discussion	443	(6)
National Policies and International Exchange	449	(26)
Questions for Discussion	468	(7)
Employment and Unemployment	475	(24)
Questions for Discussion	492	(7)
Promoting Economic Growth	499	(18)
Questions for Discussion	513	(4)
Economic Performance and Political Economy	517	(22)
Questions for Discussion	533	(6)
The Limitations of Economics	539	(2)
Glossary	541	(2)
Index	543