Economics

by ARNOLD

• ISBN13: 9780538880435
• ISBN10: 0538880430
• Edition: 4th
• Format: Paperback
• Copyright: 1997-11-10
• Publisher: South-Western College Pub

Summary

A remarkably student-friendly text with solid theoretical content, Economics offers a complete introduction to basic principles of economics for the two-term course. It is also available in micro and macro paperback splits. Balanced presentation of major macro theories, thorough integration of international topics, a unique active learning format, a wealth of interesting real-world applications, and a focus on the economic way of thinking are presented in an interesting and upbeat style for students to understand and appreciate the material.

Table of Contents

AN INTRODUCTION TO ECONOMICS	1	(80)
PART 1 Economics: The Science of Scarcity	1	(80)
CHAPTER 1 What Economics Is About	1	(31)
APPENDIX A Working with Diagrams	23	(9)
CHAPTER 2 Fundamentals of Economic Thinking: Within the Production Possibilities Frontier (PPF)	32	(19)
CHAPTER 3 Supply, Demand, and Price	51	(30)
MACROECONOMICS	81	(304)
PART 2 Macroeconomic Fundamentals	81	(58)
CHAPTER 4 Three Economic Goals and Three Economic Measurements	81	(33)
CHAPTER 5 Aggregate Demand and Aggregate Supply: In the Short Run	114	(25)
PART 3 Macroeconomic Stability, Instability, and Fiscal Policy	139	(63)
CHAPTER 6 AD-AS in the Long Run and the Self-Regulating Economy	139	(14)
CHAPTER 7 Economic Instability: A Critique of the Self-Regulating Economy	153	(26)
CHAPTER 8 Fiscal Policy	179	(23)
PART 4 Money, the Economy, and Monetary Policy	202	(97)
CHAPTER 9 Money and Banking	202	(18)
CHAPTER 10 The Federal Reserve System	220	(19)
CHAPTER 11 Money and the Economy	239	(38)
APPENDIX B A More Complete Monetarist Model	268	(9)
CHAPTER 12 Monetary Policy	277	(22)
PART 5 Expectations, Growth, International Issues, and the Budget	299	(86)
CHAPTER 13 Expectations Theory and the Economy	299	(26)
CHAPTER 14 Economic Growth: Resources, Technology, and Ideas	325	(16)
CHAPTER 15 International Impacts on the Economy	341	(21)
CHAPTER 16 Taxes, Deficits, and Debt	362	(23)
MICROECONOMICS	385	(336)
PART 6 Microeconomic Fundamentals	385	(93)
CHAPTER 17 The Logic of Consumer Choice	385	(26)
APPENDIX C Budget Constraint and Indifference Curve Analysis	403	(8)
CHAPTER 18 Elasticity	411	(24)
CHAPTER 19 The Firm	435	(18)
CHAPTER 20 Production and Costs	453	(25)
PART 7 Product Markets and Policies	478	(113)
CHAPTER 21 Perfect Competition	478	(27)
CHAPTER 22 Monopoly	505	(21)
CHAPTER 23 Monopolistic Competition and Oligopoly	526	(26)
CHAPTER 24 Government and Product Markets: Antitrust and Regulation	552	(22)
CHAPTER 25 Agriculture: Farmers' Problems, Government Policies, and Unintended Effects	574	(17)
PART 8 Factor Markets and Related Issues	591	(87)
CHAPTER 26 Factor Markets: With Emphasis on the Labor Market	591	(22)
CHAPTER 27 Wages, Unions, and Labor	613	(19)
CHAPTER 28 The Distribution of Income and Poverty	632	(26)
CHAPTER 29 Interest, Rent, and Profit	658	(20)
PART 9 Market Failure and Public Choice	678	(43)
CHAPTER 30 Market Failure: Externalities, Public Goods, and Asymmetric Information	678	(25)
CHAPTER 31 Public Choice: Economic Theory Applied to Politics	703	(18)
THE WORLD ECONOMY	721	(88)
PART 10 International Economics: Theory and Policy	721	(88)
CHAPTER 32 International Trade	721	(20)
CHAPTER 33 International Finance	741	(31)
CHAPTER 34 International Economic Development	772	(14)
CHAPTER 35 Capitalism and Socialism: Two Views of the World, Two Economic Systems	786	(23)
SELF-TEST APPENDIX	809	(26)
GLOSSARY	835	(13)
PHOTO CREDITS	848	(1)
INDEX	849