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Fundamentals of Economics is a concise but thorough survey of economics for instructors desiring a brief, practical text. Based on the comprehensive two-semester text by the same authors, this version of Economics "boils down" the formal economic theories and concepts into their essential parts, emphasizing domestic and international applications and policy issues.
Table of Contents
|Note: Each chapter includes a Summary|
|Exercises, and a Study Guide|
|The Price System|
|Economics and the World Around You|
|The Definition of Economics Specialization and Exchange Trade Appendix to Chapter 1: Working with Graphs|
|The Production Possibilities Curve Reading and Constructing Graphs Application: The PPC|
|Markets and the Market Process|
|How Markets Function Demand Supply Equilibrium|
|Putting Demand and Supply|
|Together Alternatives to Market Allocation|
|Applications of Demand and Supply|
|The Market for Low-Carb Foods|
|The Labor Market Market Intervention|
|Medical Care, Rent Controls, and Agricultural Price Supports|
|Consumers, Firms, and Social Issues|
|The Firm and the Consumer Revenue|
|How Does a Firm Learn About Its Demand?|
|Knowing the Customer What's to Come?|
|Costs and Profit|
|Maximization Costs Maximizing Profit|
|The Profit-Maximizing Rule: MR = MC|
|Competition and Market Structures|
|Characteristics of the Market Structures|
|Firm Behavior in the Long Run|
|The Benefits of Competition|
|Competition, Cooperation, and the Government Price Strategies for Independent Firms|
|Firm Behavior When There Are Few Rivals Government and Firms|
|The Environment Illicit Drugs|
|Discrimination Minimum Wages Income Inequality and Poverty|
|The National and Global Economies|
|An Overview of the National and International|
|Economies Households Business Firms The International Sector|
|Overview of the U.S. Government Linking the Sectors|
|Measures of Output and Income Nominal and Real Measures Flows of Income and Expenditures|
|The Foreign Exchange Market The Balance of Payments|
|Unemployment, Inflation, and Business Cycles Business Cycles Unemployment Inflation|
|Aggregate Demand and Supply Aggregate Demand, Aggregate Supply, and Business|
|Cycles Factors That Influence Aggregate Demand|
|The Aggregate Demand Curve Aggregate Supply|
|Aggregate Demand and Supply Equilibrium|
|Fiscal Policy and Aggregate Demand|
|Fiscal Policy in the United States Fiscal Policy in Different Countries|
|Money and Banking What is Money?|
|Banking Banks and the Money Supply|
|The Federal Reserve System Implementing Monetary Policy|
|Monetary Policy and Equilibrium Income|
|The European Central Bank|
|Business Cycles, and Growth|
|The Phillips Curve|
|The Role of Expectations Sources of Business Cycles|
|The Link Between Monetary and Fiscal Policies Economic Growth|
|Issues in International|
|Trade and Finance|
|An Overview of World|
|Trade Restrictions Exchange Rate Systems and Practices|
|The Meaning of Globalization|
|Globalization, Economic Growth, and Incomes|
|Financial Crises and Globalization|
|Table of Contents provided by Publisher. All Rights Reserved.|