Economics

by Stiglitz, Joseph E.; Walsh, Carl E.

• ISBN13: 9780393975185
• ISBN10: 0393975185
• Edition: 3rd
• Format: Hardcover
• Copyright: 2002-05-01
• Publisher: W W Norton & Co Inc

Summary

For the Third Edition, 2001 Nobel laureate Joseph Stiglitz joins forces with new coauthor Carl Walsh, who brings both macroeconomic expertise and teaching savvy to the project. Together, Stiglitz and Walsh thoroughly integrate contemporary economics into the traditional curriculum. Since the publication of Economics, Second Edition, in 1997, the explosive development of information technologies has altered the economic landscape in important ways. In Economics, Third Edition, Stiglitz and Walsh embrace the information revolution as an opportunity to revitalize the presentation of economics by linking fundamental concepts and basic models to examples in the "new economy." Supplemented by powerful emedia offerings, outstanding ancillary resources, and comprehensive pedagogy, Economics, Third Edition, promises to be the most complete, authoritative principles package on the market.

Table of Contents

PART 1 Introduction
Economics and the New Economy	4	(20)
Thinking Like an Economist	24	(22)
Trade	46	(20)
e-Case The ``New Economy'' and the Old Economics?	61	(5)
PART 2 Perfect Markets
Demand, Supply, and Price	66	(20)
Using Demand and Supply	86	(22)
The Consumption Decision	108	(24)
The Firm's Costs	132	(24)
The Competitive Firm	156	(16)
Labor and Capital Markets	172	(30)
The Efficiency of Competitive Markets	202	(24)
e-Case E-Commerce	221	(5)
PART 3 Imperfect Markets
Introduction to Imperfect Markets	226	(14)
Monopoly, Monopolistic Competition, and Oligopoly	240	(28)
Government Policies Toward Competition	268	(18)
Imperfect Information in the Product Market	286	(16)
Imperfections in the Labor Market	302	(14)
The Public Sector	316	(28)
e-Case Competition Policy in the Information Age	340	(4)
PART 4 Topics in Microeconomics
A Student's Guide to Investing	344	(20)
Trade Policy	364	(18)
Strategic Behavior	382	(20)
Technological Change	402	(18)
Environmental Economics	420	(20)
e-Case Online Financial Services	435	(5)
PART 5 Introduction to Macroeconomics
Macroeconomics and the Macroeconomy	440	(12)
Macroeconomic Goals and Measurement	452	(36)
e-Case Information Technology and the Macroeconomy	484	(4)
PART 6 Full-Employment Macroeconomics
The Full-Employment Model	488	(26)
Money, Banking, and Credit	514	(30)
Government Finance and the Open Economy at Full-Employment	544	(24)
Growth and Productivity	568	(30)
e-Case Raising the Speed Limit	593	(5)
PART 7 Macroeconomic Fluctuations
Introduction to Macroeconomic Fluctuations	598	(26)
Aggregate Expenditures and Income	624	(26)
Aggregate Demand and Inflation	650	(22)
Inflation and Unemployment	672	(22)
The Role of Macroeconomic Policy	694	(22)
Policy in the Open Economy	716	(20)
e-Case Has the Business Cycle Changed?	731	(5)
PART 8 Topics in Macroeconomics
The International Financial System	736	(22)
Controversies in Macroeconomic Policy	758	(26)
Government Fiscal Policy, Deficits, and Surpluses	784	(20)
Development and Transition	804	(24)
e-Case Productivity and the NAIRU	828