Microeconomics Private and Public Choice

by Gwartney, James D.; Stroup, Richard L.; Sobel, Russell S.; Macpherson, David A.

• ISBN13: 9780538754330
• ISBN10: 0538754338
• Edition: 13th
• Format: Paperback
• Copyright: 2010-01-05
• Publisher: South-Western College Pub

Summary

The authors of MICROECONOMICS: PRIVATE AND PUBLIC CHOICE integrate applications, real-world data and coverage of the 2008-2009 recession to help basic economic concepts come alive for the reader. The text focuses on the power and relevance of the economic way of thinking, helping the reader to apply economic principles to the world around them.

Table of Contents

The Economic Way of Thinking

The Economic Approach

Some Tools of the Economist

Markets and Government

Supply, Demand, and the Market Process

Supply and Demand: Applications and Extensions

Difficult Cases for the Market and the Role of Government

The Economics of Collective Decision Making

Core Microeconomics

Consumer Demand and Elasticity

Costs and the Supply of Goods

Price Takers and the Competitive Process

Price-Searcher Markets with Low Entry Barriers

Price-Searcher Markets with High Entry Barriers

The Supply of and Demand for Productive Resources

Earnings, Productivity, and the Job Market

Investment, the Capital Market, and the Wealth of Nations

Income Inequality and Poverty

International Economics

Gaining from International Trade

Applying the Basics: Special Topics

Government Spending and Taxation

The Internet: How Is it Changing the Economy?

The Economics of Social Security

The Stock Market: Its Function, Performance, and Potential as an Investment

The Crisis of 2008: Causes and Lessons for the Future

Lessons from the Great Depression

The Economics of Health Care

School Choice: Can it Improve the Quality of Education?

Is Discrimination Responsible for the Earnings

Difference between Men and Women?

Do Labor Unions Increase the Wages of Workers?

are We Running Out of Resources?

Difficult Environmental Cases and the Role of Government

General Business and Economic Indicators

Answers to Selected Critical Analysis Questions

Glossary

Credits

Index

Table of Contents provided by Publisher. All Rights Reserved.