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Economics : Private and Public Choice,9780030192692
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Economics : Private and Public Choice

by James D. Gwartney; Richard L. Stroup
Edition:
8th
ISBN13:

9780030192692

ISBN10:
0030192692
Format:
Paperback
Pub. Date:
12/26/1996
Publisher(s):
South-Western College Pub
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    Economics : Private and Public Choice




Summary

Authors James D. Gwartney, Richard L. Stroup, Russell S. Sobel, and David Macpherson, believe that a course on principles of economics should focus on the power and relevance of the economic way of thinking. It is this belief and corresponding writing approach that has made Economics: Private and Public Choice one of South Western most solid and enduring texts. Throughout this text, the authors integrate applications and real-world data in an effort to make the basic concepts of economics come alive for the reader.

Table of Contents

The Economic Way of Thinkingp. 1
The Economic Approachp. 4
Some Tools of the Economistp. 27
Markets and Governmentsp. 53
Supply, Demand, and the Market Processp. 56
Supply and Demand: Applications and Extensionsp. 86
The Economic Role of Governmentp. 112
The Economics of Collective Decision Makingp. 130
Core Macroeconomicsp. 153
Taking the Nation's Economic Pulsep. 156
Economic Fluctuations, Unemployment, and Inflationp. 180
An Introduction to Basic Macroeconomic Marketsp. 200
Working With Our Basic Aggregate Demand/Aggregate Supply Modelp. 224
Keynesian Foundations of Modern Macroeconomicsp. 247
Fiscal Policyp. 267
Money and the Banking Systemp. 290
Modern Macroeconomics: Monetary Policyp. 319
Stabilization Policy, Output, and Employmentp. 346
Economic Growthp. 369
International Economicsp. 393
Gaining from International Tradep. 397
International Finance and the Foreign Exchange Marketp. 421
Core Microeconomicsp. 445
Demand and Consumer Choicep. 448
Costs and the Supply of Goodsp. 476
Price Takers and the Competitive Processp. 502
Price-Searcher Markets with Low Entry Barriersp. 525
Price-Searcher Markets with High Entry Barriersp. 545
The Supply of and Demand for Productive Resourcesp. 572
Earnings, Productivity, and the Job Marketp. 592
Investment, the Capital Market, and the Wealth of Nationsp. 610
Income Inequality and Povertyp. 628
Beyond the Basicsp. 647
Government Spending and Taxationp. 650
The Internet: How Is it Changing the Economy?p. 661
The Economics of Social Securityp. 671
The Stock Market: What Does It Do and How Has It Performed?p. 682
The Federal Budget and the National Debtp. 695
Labor Market Policies and the Natural Rate of Unemployment: A Cross-Country Analysisp. 707
The Phillips Curve: Is There a Trade-off Between Inflation and Unemployment?p. 719
The Economics of Health Carep. 731
School Choice: Can It Improve the Quality of Education in America?p. 743
Is Discrimination Responsible for the Earnings Differences Between Men and Women?p. 751
Do Labor Unions Increase the Wages of Workers?p. 757
How Does Government Regulation Affect Your Life?p. 770
Natural Resources and the Futurep. 781
Economics and the Environmentp. 792
General Business and Economic Indicatorsp. 803
Answers to Selected Critical Analysis Questionsp. 813
Glossaryp. 837
Creditsp. 848
Indexp. 851
Table of Contents provided by Syndetics. All Rights Reserved.


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