Economics: Theory and Practice, 9th Edition

by Patrick J. Welch (St. Louis Univ.); Gerry F. Welch (St. Louis Community College)

• ISBN13: 9780470450093
• ISBN10: 0470450096
• Edition: 9th
• Format: Paperback
• Copyright: 2009-11-01
• Publisher: Wiley

Summary

The ninth edition introduces business professionals to basic economic concepts, institutions, relationships, and terminology. It has been updated with the most current qualitative data. Over 20 new applications have been added that help them connect economics to real-world experiences. They'll gain insight into green economics and how business and the environment are related. Critical Thinking Cases are presented at the end of the chapter to show how concepts are applied. Up for Debate sections also examine the different sides of current economic issues. These updates prepare business professionals to apply their economic knowledge in the field.

Table of Contents

Introduction To Economics

Introduction To Economics

Economic Decision Making And Economic Systems

Demand, Supply, And Price Determination

The Macroeconomy

Goals And Problems Of The Macroeconomy: Employment, Prices, And Production

Foundations Of The Macroeconomy

The Role Of Government In The Macroeconomy

Money, Financial Institutions, And The Federal Reserve

Money Creation, Monetary Theory, And Monetary Policy

Macroeconomic Viewpoints And Models

The Microeconomy

Households And Businesses: An Overview

Benefits, Costs, And Maximization

Production And The Costs Of Production

Competition And Market Structures

Government And The Markets

Labor Markets, Unions, And The Distribution Of Income

The International Economy

International Trade

International Finance

Table of Contents provided by Publisher. All Rights Reserved.