9780538888462

Economics A Contemporary Introduction, The Wall Street Journal Edition

by
  • ISBN13:

    9780538888462

  • ISBN10:

    0538888466

  • Edition: 5th
  • Format: Hardcover
  • Copyright: 7/14/1999
  • Publisher: South-Western College Pub
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Summary

This very successful textbook is distinguished by a superior writing style that draws upon common student experiences to introduce economic concepts, making economic theory more accessible and interesting. "Case Studies" and numerous examples take advantage of students' intuitive knowledge of economics, building upon real-life situations. A streamlined design places pedagogy and illustrations directly within the flow of the text, making it less distracting and more useful for students. A fully integrated and sensible Internet strategy sets this text apart by tying numerous in-text features to learning enhancements and extensions on a dedicated Web site. This Fifth Edition makes unique use of THE WALL STREET JOURNAL by including resources and exercises utilizing that periodical to help students learn to analyze the latest economic events. McEachern is also available in macro and micro paperback splits.

Table of Contents

PART 1 INTRODUCTION TO ECONOMICS
The Art and Science of Economic Analysis
1(24)
Appendix: Understanding Graphs
18(7)
Some Tools of Economic Analysis
25(18)
The Market System
43(24)
Economic Decision Makers: Households, Firms, Governments, and the Rest of the World
67(22)
PART 2 FUNDAMENTALS OF MACROECONOMICS
Introduction to Macroeconomics
89(22)
U.S. Productivity and Growth
111(23)
Unemployment and Inflation
134(23)
Measuring Economic Aggregates and the Circular Flow of Income
157(25)
Appendix: National Income Accounts
179(3)
Aggregate Expenditure: Consumption, Investment, Government Purchases, and Net Exports
182(24)
Appendix: Variable Net Exports
204(2)
Aggregate Expenditure and Aggregate Demand
206(22)
Appendix A: Variable Net Exports
223(3)
Appendix B: Algebra of Income and Expenditure
226(2)
Aggregate Supply
228(22)
PART 3 FISCAL AND MONETARY POLICY
Fiscal Policy
250(22)
Appendix: The Algebra of Demand Side Equilibrium
269(3)
Money and the Financial System
272(22)
Banking and the Money Supply
294(21)
Monetary Theory and Policy
315(24)
The Policy Debate: Active or Passive?
339(24)
Federal Budgets and Public Policy
363(22)
PART 4 INTRODUCTION TO THE MARKET SYSTEM
Elasticity of Demand and Supply
385(24)
Consumer Choice and Demand
409(27)
Appendix: Indifference Curves and Utility Maximization
429(7)
Production and Cost in the Firm
436(26)
Appendix: A Closer Look at Production and Costs
457(5)
PART 5 MARKET STRUCTURE AND PRICING
Perfect Competition
462(30)
Monopoly
492(22)
Monopolistic Competition and Oligopoly
514(24)
PART 6 RESOURCE MARKETS
Resource Markets
538(23)
Labor Markets and Labor Unions
561(23)
Capital, Interest, and Corporate Finance
584(20)
Transaction Costs, Imperfect Information, and Market Behavior
604(20)
PART 7 MARKET FAILURE AND PUBLIC POLICY
Economic Regulation and Antitrust Activity
624(23)
Public Goods and Public Choice
647(20)
Externalities and the Environment
667(24)
Income Distribution and Poverty
691(22)
PART 8 THE INTERNATIONAL SETTING
International Trade
713(24)
International Finance
737(21)
Developing and Transitional Economies
758

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