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Economics : Principles and Tools,9780130273833
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Economics : Principles and Tools

by ;
Edition:
2nd
ISBN13:

9780130273833

ISBN10:
013027383X
Format:
Hardcover
Pub. Date:
1/1/2001
Publisher(s):
Pearson (Manual)

Questions About This Book?

What version or edition is this?
This is the 2nd edition with a publication date of 1/1/2001.
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 modern, Micro first book has a strong foundation in demand and supply. Its thoughtful coverage of change in demand vs. change in quantity demanded (also in supply coverage) enables readers to better visualize and truly understand the difference between these 2 fundamental concepts. Its hallmark feature includes a focus on the 5 Key Principles of Economics: 1) Opportunity Cost, 2) The Marginal Principle (comparing marginal benefits and marginal costs), 3) Diminishing Returns, 4) The Spillover Principle (for externalities in production and consumption), and, 5) The Reality Principle (distinguishing real from nominal magnitudes). For economists, financial analysts and other finance professionals.

Table of Contents

Preface xxi
PART 1: Introduction and Key Principles 1(96)
Introduction: What is Economics?
1(22)
Key Principles of Economics
23(20)
Markets in the Global Economy
43(20)
Supply, Demand, and Market Equilibrium
63(34)
PART 2: A Closer Look at Supply and Demand 97(66)
Elasticity: A Measure of Responsiveness
97(22)
Market Efficiency and Government Intervention
119(26)
Consumer Choice
145(18)
PART 3: Market Structures and Pricing 163(144)
Production and Cost
163(24)
Perfect Competition: Short Run and Long Run
187(24)
Monopoly
211(22)
Entry and Monopolistic Competition
233(16)
Oligopoly and Strategic Behavior
249(26)
Using Market Power: Price Discrimination and Advertising
275(18)
Controlling Market Power: Antitrust Policy and Deregulation
293(14)
PART 4: Spillovers and Information 307(64)
Public Goods, Taxes, and Public Choice
307(24)
Environmental Policy
331(22)
Imperfect Information and Disappearing Markets
353(18)
PART 5: The Labor Market and Economic Challenges 371(46)
The Labor Market
371(28)
Economic Challenges: Poverty, Aging, Health Care
399(18)
PART 6: The Basic Concepts in Macroeconomics 417(34)
Measuring a Nation's Production and Income
417(18)
Unemployment and Inflation
435(16)
PART 7: The Economy in the Long Run 451(46)
Classical Economics: The Economy at Full Employment
451(20)
Why Do Economies Grow?
471(26)
PART 8: Economic Fluctuations 497(68)
Aggregate Demand and Aggregate Supply
497(20)
Keynesian Economics and Fiscal Policy
517(30)
Investment and Financial Intermediation
547(18)
PART 9: Money, Banking, and Monetary Policy 565(38)
Money, the Banking System, and the Federal Reserve
565(18)
Monetary Policy in the Short Run
583(20)
PART 10: Inflation, Unemployment, and Economic Policy 603(58)
From the Short Run to the Long Run
603(18)
The Dynamics of Inflation and Unemployment
621(22)
Current Issues in Macroeconomic Policy
643(18)
PART 11: The International Economy 661(1)
International Trade and Public Policy
661(22)
The World of International Finance
683
Glossary 1(1)
Photo Credits 1(1)
Answers to Odd Numbered Problems and Discussion Questions 1(1)
Index 1


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