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Economics 2007 : Principles and Policy,9780324537024
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Economics 2007 : Principles and Policy

by
Edition:
10th
ISBN13:

9780324537024

ISBN10:
0324537026
Format:
Hardcover
Pub. Date:
6/22/2007
Publisher(s):
South-Western College Pub

Questions About This Book?

What version or edition is this?
This is the 10th edition with a publication date of 6/22/2007.
What is included with this book?
  • The New copy of this book will include any supplemental materials advertised. Please check the title of the book to determine if it should include any CDs, lab manuals, study guides, etc.

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Summary

This text is well known for using the Keynesian model in the teaching of economics; yet in the 2007 Update edition, the authors have expanded coverage of the growth model considerably to achieve more balanced coverage making the content more accessible for the students. The text uses the aggregate supply/ aggregate demand model as a fundamental tool for learning macroeconomics. It achieves the right level of rigor and detail, presenting complicated concepts in a relatively straightforward manner and using timely economic data. Using puzzles, issues, and well-developed examples, the authors provide a good balance of theory to application allowing students to relate the materials to their every day lives. In addition, a well respected study guide, ThomsonNOW, and student website are available at study aides.

Table of Contents

Getting Acquainted With Economics
What Is Economics?
The Economy: Myth and Reality
The Fundamental Economic Problem: Scarcity and Choice
Supply and Demand: An Initial Look
The Building Blocks Of Demand And Supply
Consumer Choice: Individual and Market Demand
Demand and Elasticity
Production, Inputs, and Cost: Building Blocks for Supply Analysis
Output, Price, and Profit: The Importance of Marginal Analysis
The Economics of the Stock Market
Markets And The Price System
The Firm and the Industry under Perfect Competition
Monopoly
Between Competition and Monopoly
Limiting Market Power: Regulation and Antitrust
The Virtues And Limitations Of Markets
The Price System and the Case for Free Markets
The Market Mechanism: Shortcomings and Remedies
Innovation and Growth: The Free Market's Greatest Triumph
Externalities, the Environment and Natural Resources
Taxation and Resource Allocation
The Distribution Of Income
Pricing the Factors of Production
Labor: The Human Input
Poverty, Inequality, and Discrimination
The Macroeconomy: Aggregate Supply And Demand
The Realm of Macroeconomics
The Goals of Macroeconomic Policy
Economic Growth: Theory and Policy
Aggregate Demand and the Powerful Consumer
Demand-Side Equilibrium: Unemployment or Inflation?
Supply-Side Equilibrium: Unemployment and Inflation?
Fiscal And Monetary Policy
Managing Aggregate Demand: Fiscal Policy
Money and the Banking System
Monetary Policy and the National Economy
The Debate Over Monetary and Fiscal Policy
Fiscal Policy, Monetary Policy, and Growth
Inflation and Growth: The Phillips Curve
The United States In The World Economy
International Trade and Comparative Advantage
The International Monetary System: Order or Disorder?
Exchange Rates and the Macroeconomy
Table of Contents provided by Publisher. All Rights Reserved.


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