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Economics: A Tool for Critically Understanding Society,9/e, offers a clear, simple introduction to economic analysis in a style that is ideal for a one-semester introductory course. The authors take a historical perspective, presenting economic theories and their connections to a wide variety of schools of thought. The goal is to help students use economic concepts to analyze todayrs"s issues, to think about everyday decisions, and to examine their preconceived ideas and beliefs.
Table of Contents
Part 1: Economic Methodology, History, and the Development of Modern Economic Thought
Chapter 1: Economics as a Social Science Chapter 2: The Evolution of Economic Systems Chapter 3: Adam Smith, Classical Liberalism, and the Division of Labor Chapter 4: Karl Marx and the Socialist Critique of Capitalism Chapter 5: The Rise and Fall of Laissez-Faire in the U.S. Economy
Part 2: Microeconomics
Chapter 6: Scarcity: “You Can’t Always Get What You Want” Chapter 7: The Theory of Markets Chapter 8: Perfect Competition and Efficiency Chapter 9: Noncompetitive Markets and Inefficiency Chapter 10: Resource Markets and the Distribution of Income Chapter 11: Corporations and Labor Unions Chapter 12: The Economic Role of Government
Part 3: Macroeconomics
Chapter 13: Macroeconomics: Issues and Problems Chapter 14: Macroeconomic Theory: Classical and Keynesian Models Chapter 15: Fiscal Policy: Government Spending and Taxation Chapter 16: Financial Markets, Money, and Monetary Policy Chapter 17: Aggregate Demand and Aggregate Supply Chapter 18: Unemployment, Inflation, and Stabilization Policy in a Global Economy
Part 4: International Economics and Finance
Chapter 19: International Trade and Interdependence Chapter 20: International Finance Chapter 21: The Economics of Developing Nations Chapter 22: Modern Economic Systems