9780136055488

Principles of Economics

by ; ;
  • ISBN13:

    9780136055488

  • ISBN10:

    0136055486

  • Edition: 9th
  • Format: Hardcover
  • Copyright: 1/1/2009
  • Publisher: Prentice Hall
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Summary

Reviewers tell us that Case/Fair is one of the all-time bestselling principles of economics texts because they trust it to be clear, thorough and complete. This well-respected author team is joined for the 9th edition by a new co-author, Sharon Oster. Sharonrs"s research and teaching experience brings new coverage of modern topics and an applied approach to economic theory, as demonstrated in the new Economics in Practice feature. Introduction to Economics; The Market System: Choices Made by Households and Firms; Market Imperfections and the Role of Government; Concepts and Problems in Macroeconomics; The Core of Macroeconomic Theory ; Further Macroeconomic Issues; The World Economy Case/Fair/Oster, believe that the best way to understand how market opportunities operate and the best way to understand basic economic theory is to work through the perfectly competitive model first, including discussions of output markets and input markets, and the connections between them, before turning to noncompetitive market structures, such as monopoly and oligopoly.

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
Elasticity
The Market System: Choices Made by Households 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
Oligopoly
Monopolistic Competition
Externalities, Public Goods and Social Choice
Uncertainty and Asymmetric Information
Income Distribution and Poverty
Public Finance: The Economics of Taxation
Concepts and Problems in Macroeconomics
Introduction to Macroeconomics
Measuring National Output and National Income
Unemployment, Inflation, and Long-Run Growth
The Core of Macroeconomic Theory
Aggregate Expenditure and Equilibrium Output
The Government and Fiscal Policy
The Money Supply and the Federal Reserve System
Money Demand and the Equilibrium Interest Rate
Aggregate Demand in the Goods and Money Markets
Aggregate Supply and the Equilibrium Price Level
The Labor Market in the Macro Economy
Further Macroeconomic Issues
Policy Timing, Deficit Targeting, and Stock Market Effects
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
Economic Growth in Developing and Transitional Economics
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