9780321178565

Foundations of Microeconomics

by
  • ISBN13:

    9780321178565

  • ISBN10:

    0321178564

  • Edition: 2nd
  • Format: Nonspecific Binding
  • Copyright: 1/1/2004
  • Publisher: Pearson (Manual)

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Summary

Everyone agrees that they only way to learn economics is to do it. Rote memorization does not work. The keys to success in economics are active involvement and working problems. To help students succeed, the Bade/Parkin package is designed to encourage learning by doing. After all, practice makes perfect! Practice is the cornerstone of the innovative Bade/Parkin approach. Each chapter of Foundations of Economics concentrates on a manageable number of core concepts. A full page Checkpointcontaining a Practice Problem with solution and a parallel Exerciseimmediately follows each main idea. Checkpoints serve as stopping points and encourage students to practice using a concept before moving on. Different learning styles need different learning tools, and eFoundations, Bade/Parkin's extensive web environment, puts students in the driver's seat and allows them to use technology in the way that suits them best.

Table of Contents

Introduction
Getting Started
Appendix: Making and Using Graphs
The U.S. Economy
The Economic Problem
Demand and Supply
A Closer Look At Markets
Elasticities of Demand and Supply
Efficiency and Fairness of Markets
How Governments Influence The Economy
Government Influences on Markets
Taxes
Externalities
Public Goods and Common Resources
A Closer Look At Decision Makers
Consumer Choice and Demand
Appendix: Indifference Curves
Production and Cost
Prices, Profits, And Industry Performance
Perfect Competition
Monopoly
Monopolistic Competition
Oligopoly
Regulation and Antitrust Law
How Incomes Are Determined
Demand and Supply in Factor Markets
Inequality and Redistribution
Monitoring The Macroeconomy
GDP and the Standard of Living
Jobs and Unemployment
The CPI and the Cost of Living
The Real Economy
AS-AD and Potential GDP
Investment and Saving
Economic Growth
The Money Economy
Money and the Monetary System
Money Creation and Control
Money, Interest, and Inflation
Economic Fluctuations
AS-AD and the Business Cycle
Aggregate Expenditure
Fiscal and Monetary Policy Effects
The Short-Run Policy Tradeoff
Fiscal and Monetary Policy Debates
The Global Economy
International Trade
International Finance
Table of Contents provided by Publisher. All Rights Reserved.

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