9781118233597

Economics: Theory and Practice, Tenth Edition

by
  • ISBN13:

    9781118233597

  • ISBN10:

    111823359X

  • Edition: 10th
  • Format: Nonspecific Binding
  • Copyright: 11/1/2012
  • Publisher: Wiley
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Summary

Welch's Theory & Practice provides information about fundamental institutions and relationships that affect quality of life, and provides a framework for thinking through and understanding the process of decision making. Furthermore, the text is designed as a primary text for an introduction to basic economics or principles of economics and offers a balanced presentation of macroeconomics and microeconomics.

Table of Contents

PART 1: INTRODUCTION TO ECONOMICS

 1: Introduction to Economics

 2: Economic Decision Making and Economic Systems

 3: Demand, Supply, and Price Determination

PART 2: THE MACROECONOMY

 4: Goals & Problems of the Macroeconomy: Employment, Prices, & Production

 5: Foundations of the Macroeconomy

 6: The Role of Government in the Macroeconomy

 7: Money, Financial Institutions, and the Federal Reserve

 8: Money Creation, Monetary Theory, and Monetary Policy

 9: Macroeconomic Viewpoints and Models

PART 3: THE MICROECONOMY

 10: Households and Businesses: An Overview

 11: Benefits, Costs, and Maximization

 12: Production and the Costs of Production

 13: Competition and Market Structures

 14: Government and the Markets

 15: Labor Markets, Unions, and the Distribution of Income

PART 4: THE INTERNATIONAL ECONOMY

 16: International Trade

 17: International Finance

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