Economics

by Colander, David C.

• ISBN13: 9780072366334
• ISBN10: 0072366338
• Edition: 4th
• Format: Paperback
• Copyright: 2000-07-01
• Publisher: McGraw-Hill College

Summary

A real-world look at economics and its applications "Economics" is renowned for its conversational writing style, and for treating standard economic concepts as tools for making judgments as opposed to inflexible rules. This latest edition features updated international analysis along with more in-depth coverage of increasingly vital outsourcing issues than any other principles text. A new discussion of behavioral economics includes an examination of the work of Richard Thaler, the ultimatum game, and the status quo bias.

Table of Contents

Thinking Like an Economist
Economics and Economic Reasoning	1	(12)
The Economic Organization of Society	13	(15)
The U.S. Economy in a Global Setting	28	(11)
Supply and Demand	39	(14)
Using Supply and Demand	53	(20)
Pretest I: Chapters 1-5	70	(3)
Microeconomics: The Basics
Describing Supply and Demand: Elasticities	73	(13)
Taxation and Government Intervention	86	(12)
Foundations of Supply and Demand
The Logic of Individual Choice: The Foundation of Supply and Demand	98	(12)
Production and Cost Analysis I	110	(14)
Production and Cost Analysis II	124	(11)
Market Structure and Policy
Perfect Competition	135	(13)
Monopoly	148	(11)
Monopolistic Competition, Oligopoly, and Strategic Pricing	159	(16)
Pretest II: Chapters 6-13	170	(5)
Globalization, Technology, and Real-World Competition	175	(8)
Applying Economic Reasoning to Policy
Government Policy and Market Failures	183	(12)
Antitrust Policy and Regulation	195	(10)
Microeconomic Policy, Economic Reasoning, and Beyond	205	(9)
Policy Issues in Depth
Politics and Economics: The Case of Agricultural Markets	214	(12)
International Trade Policy	226	(11)
Factor Markets
Who Gets What? The Distribution of Income	237	(10)
Work and the Labor Market	247	(18)
Pretest III: Chapters 14-21	260	(5)
Macroeconomic Problems
Economic Growth, Business Cycles, Unemployment and Inflation	265	(12)
National Income Accounting	277	(11)
The Macroeconomic Framework
Growth, Productivity, and the Wealth of Nations	288	(12)
Aggregate Demand, Aggregate Supply, and Modern Macroeconomics	300	(13)
The Multiplier Model	313	(15)
Policy Issues
Demand Management Policy	328	(12)
Politics, Surpluses, Deficits and Debt	340	(12)
Pretest IV: Chapters 22-28	348	(4)
Money, Banking and the Financial Sector	352	(13)
Monetary Policy and the Debate about Macro Policy	365	(15)
International Policy Issues
Inflation and Its Relationship to Unemployment and Growth	380	(13)
Open Economy Macro: Exchange Rate and Trade Policy	393	(13)
International Dimensions of Monetary and Fiscal Policies	406	(8)
Combining the Framework with Policy
Tools, Rules, and Policies	414	(8)
Pretest V: Chapters 29-34	422