9781429239981

Modern Principles

by ;
  • ISBN13:

    9781429239981

  • ISBN10:

    1429239980

  • Edition: 2nd
  • Format: Paperback
  • Copyright: 12/5/2011
  • Publisher: Worth Publishers

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Summary

In a world full of economics blogs, Cowen and Tabarrok’s Marginal Revolution (marginalrevolution.com) ranks is one of the Web’s most popular and most respected. The same qualities that make the blog so distinctive are also behind the success Modern Principles of Economics—engaging authors, unbiased presentations of essential ideas, and a knack for revealing the “invisible hand” of economics at work.  The thoroughly updated new edition of Modern Principles again draws on a wealth of captivating applications to show readers how economics shed light on business, politics, world affairs, and everyday life.

Table of Contents

1. The Big Ideas
2. The Power of Trade and Comparative Advantage
 
Supply and Demand
3. Supply and Demand
4. Equilibrium: How Supply and Demand Determine Prices
5. Price Ceilings and Price Floors   
 
Economic Growth
6. GDP and The Measurement of Progress
7. The Wealth of Nations and Economic Growth
Appendix: The Magic of Compound Growth: Using a Spreadsheet
8. Growth, Capital Accumulation and the Economics of Ideas: Catching Up vs. The Cutting Edge
Appendix: Excellent Growth
9. Savings, Investment, and the Financial System
Appendix: Bond Pricing and Arbitrage
10. Stock Markets and Personal Finance 
 
Business Fluctuations
11. Unemployment and Labor Force Participation
12. Inflation and the Quantity Theory of Money
Appendix: Get Real! An Excellent Adventure
13. Business Fluctuations: Aggregate Demand and Supply
14. Transmission and Amplification Mechanisms
Appendix: Business Fluctuations and the Solow Model
 
Macroeconomic Policy and Institutions
15. The Federal Reserve System and Open Market Operations
Appendix: The Money Multiplier Process in Detail
16. Monetary Policy
17. The Federal Budget: Taxes and Spending
18. Fiscal Policy
 
International Economics
19. International Trade
20. International Finance
21. Political Economy and Public Choice 

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