9780132289146

Principles of Economics

by ; ;
  • ISBN13:

    9780132289146

  • ISBN10:

    0132289148

  • Edition: 8th
  • Format: Hardcover
  • Copyright: 1/1/2009
  • Publisher: Pearson College Div
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Summary

These two highly-respected authors have revised this best-selling book to include more current, modern subject matter and events while maintaining those features that have contributed to its great success. It continues to use stories, graphs, and equations and a unified, logical organization to make economic concepts easy-to-understand and relevant to all readers. Users of this book see the connection between growth, trade, comparative advantage, and the production possibilities frontier. When readers understand how a simple competitive market system works, they are ready to focus on problems of real-world markets.Currency data has been updated, with coverage of deflation, the effects of the war with Iraq and the war on terrorism, and the wars'impact on the national deficit. A comprehensive overview introducing economics begins the book; subsequent topics include: foundations of microeconomics: consumers and firms; market imperfection and the role of government; concepts and problems in macroeconomics; the goods and money markets; macroeconomic analysis; and the world economy.An excellent desk reference for economists; this book will serve any business owner, as an understanding of basic economics will prove helpful in all ventures.

Table of Contents

Introduction To Economics
The Scope and Method of Economics
The Economic Problem: Scarcity and Choice
Demand, Supply, and Market Equilibrium
Demand and Supply Applications and Elasticity
Foundations Of Microeconomics: Consumers And Firms
Household Behavior and Consumer Choice
The Production Process: The Behavior of Profit-Maximizing Firms
Short-Run Costs and Output Decisions
Long-Run Costs and Output Decisions
Input Demand: The Labor and Land Markets
Input Demand: The Capital Market and the Investment Decision
General Equilibrium and the Efficiency of Perfect Competition
Market Imperfections And The Role Of Government
Monopoly and Antitrust Policy
Monopolistic Competition and Oligopoly
Externalities, Public Goods, Imperfect Information, and Social Choice
Income Distribution and Poverty
Public Finance: The Economics of Taxation
Concepts And Problems In Macroeconomics
Introduction to Macroeconomics
Measuring National Output and National Income
Long-Run and Short-Run Concerns: Growth, Productivity, Unemployment, and Inflation
The Goods And Money Markets
Aggregate Expenditure and Equilibrium Output
The Government and Fiscal Policy
The Money Supply and the Federal Reserve System
Money Demand, the Equilibrium Interest Rate, and Monetary Policy
Macroeconomic Analysis
Money, the Interest Rate, and Output: Analysis and Policy
Aggregate Demand, Aggregate Supply, and Inflation
The Labor Market, Unemployment, and Inflation
Macroeconomic Issues and Policy
The Stock Market and the Economy
Household and Firm Behavior in the Macroeconomy: A Further Look
Long-Run Growth
Debates in Macroeconomics: Monetarism, New Classical Theory, and Supply-Side Economics
The World Economy
International Trade, Comparative Advantage, and Protectionism
Open-Economy Macroeconomics: The Balance of Payments and Exchange Rates
Globalization
Economic Growth in Developing and Transitional Economies
Glossary
Solutions to Even-Numbered Problems
Index
Table of Contents provided by Publisher. All Rights Reserved.

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