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With a goal of encouraging students to become informed decision-makers,Introduction to Economic Reasoning,provides a non-technical, concise introduction to basic economic theories.
William D. Rohlf, Jr.,
Drury University (Springfield, MO)
Table of Contents
Part 1 Introduction: Scarcity and the Economic System
Chapter 1: The Study of Economics Chapter 2: Economic Systems
Part 2 Microeconomics: Markets, Prices, and the Role of Competition
Chapter 3: Demand and Supply: Price Determination in Competitive Markets Chapter 4: Applications Using Demand and Supply Chapter 5: Costs and Decision Making Chapter 6: Price Taking: The Purely Competitive Firm Chapter 7: Price Searching: The Firm with Market Power Chapter 8: Industry Structure and Public Policy Chapter 9: Market Failure
Part 3 Macroeconomics: The Economy as a Whole
Chapter 10: Measuring Aggregate Performance Chapter 11: Aggregate Demand and Supply: The Model of the Self-Correcting Economy Chapter 12: Fiscal Policy Chapter 13: Money, Banking and Monetary Policy Chapter 14: The Activist-Nonactivist Debate Chapter 15: Economic Growth: The Importance of the Long Run
Part 4 International Economics: Trade, Exchange Rates, and the Role of Trade Agreements