Economics : The Basics

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  • Edition: 2nd
  • Format: Paperback
  • Copyright: 2011-10-19
  • Publisher: McGraw-Hill Education
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Mandel's Economics: The Basicscombines the traditional news values of immediacy and impact with a layer of educational explanation to provide a window into what's happening in the current economy. Michael Mandel, the former Chief Economist for BusinessWeek magazine, now Chief Economist at Visible Economy LLC, writes in a journalistic style, drawing upon news articles and experience throughout the text to present economic concepts in a way that is understandable, relevant, and exciting for a broad audience. The 2nd edition's core approach focuses on developing a student's economic literacy without overwhelming and providing a window into what's happening in the economy right now including globalization and the aftermath of the financial crisis. Mandel's current examples, journalistic writing style, and accessible presentation of math and graphs will help instructors overcome the common challenges of this course, and make the material more approachable and attractive to a wide range of students.

Table of Contents

Chapter 1 Introduction

Appendix: The Basics of Graphs

Chapter 2 Demand and Supply: The Basics of the Market Economy

Chapter 3 Market Equilibrium and Shifts

Chapter 4 How Businesses Work

Chapter 5 Competition and Market Power

Chapter 6 Government and the Economy

Appendix: Delving Deeper into Microeconomics

Chapter 7 The First Step into Macroeconomics

Chapter 8 Inflation

Chapter 9 Growth

Chapter 10 Business Cycles, Unemployment and Inflation

Chapter 11 Fiscal Policy

Chapter 12 Monetary Policy

Appendix: Delving Deeper into Macroeconomics

Chapter 13 The Financial Markets

Chapter 14 International Trade

Chapter 15 Technological Change

Chapter 16 Economics of the Labor Market

Chapter 17 The Distribution of Income

Chapter 18 Economics of Retirement and Healthcare

Chapter 19 Economics of Energy, the Environment, and Global Climate Change


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