Economics Private and Public Choice with Xtra! CD-ROM and InfoTrac College Edition

by Gwartney, James D.; Stroup, Richard L.; Sobel, Russell S.; Macpherson, David A.

• ISBN13: 9780030343988
• ISBN10: 0030343984
• Edition: 10th
• Format: Hardcover
• Copyright: 2002-06-17
• Publisher: South-Western College Pub

Summary

Authors James D. Gwartney, Richard L. Stroup, Russell S. Sobel, and David Macpherson, believe that a course on principles of economics should focus on the power and relevance of the economic way of thinking. It is this belief and corresponding writing approach that has made Economics: Private and Public Choice one of South Western most solid and enduring texts. Throughout this text, the authors integrate applications and real-world data in an effort to make the basic concepts of economics come alive for the reader.

Table of Contents

Part 1: The Economic Way of Thinking	1	(52)
The Economic Approach	4	(23)
Some Tools of the Economist	27	(26)
Part 2: Markets and Governments	53	(100)
Supply, Demand, and the Market Process	56	(30)
Supply and Demand: Applications and Extensions	86	(26)
The Economic Role of Government	112	(18)
The Economics of Collective Decision Making	130	(23)
Part 3: Core Macroeconomics	153	(240)
Taking the Nation's Economic Pulse	156	(24)
Economic Fluctuations, Unemployment, and Inflation	180	(20)
An Introduction to Basic Macroeconomic Markets	200	(24)
Working With Our Basic Aggregate Demand/Aggregate Supply Model	224	(23)
Keynesian Foundations of Modern Macroeconomics	247	(20)
Fiscal Policy	267	(23)
Money and the Banking System	290	(29)
Modern Macroeconomics: Monetary Policy	319	(27)
Stabilization Policy, Output, and Employment	346	(23)
Economic Growth	369	(24)
Part 4: International-Economics	393	(52)
Gaining from International Trade	397	(24)
International Finance and the Foreign Exchange Market	421	(24)
Part 5: Core Microeconomics	445	(202)
Demand and Consumer Choice	448	(28)
Costs and the Supply of Goods	476	(26)
Price Takers and the Competitive Process	502	(23)
Price-Searcher Markets with Low Entry Barriers	525	(20)
Price-Searcher Markets with High Entry Barriers	545	(27)
The Supply of and Demand for Productive Resources	572	(20)
Earnings, Productivity, and the Job Market	592	(18)
Investment, the Capital Market, and the Wealth of Nations	610	(18)
Income Inequality and Poverty	628	(19)
Part 6: Beyond the Basics	647	(156)
Special Topic 1: Government Spending and Taxation	650	(11)
Special Topic 2: The Internet: How Is it Changing the Economy?	661	(10)
Special Topic 3: The Economics of Social Security	671	(11)
Special Topic 4: The Stock Market: What Does It Do and How Has It Performed?	682	(13)
Special Topic 5: The Federal Budget and the National Debt	695	(12)
Special Topic 6: Labor Market Policies and the Natural Rate of Unemployment: A Cross-Country Analysis	707	(12)
Special Topic 7: The Phillips Curve: Is There a Trade-off Between Inflation and Unemployment?	719	(12)
Special Topic 8: The Economics of Health Care	731	(12)
Special Topic 9: School Choice: Can It Improve the Quality of Education in America?	743	(8)
Special Topic 10: Is Discrimination Responsible for the Earnings Differences Between Men and Women?	751	(6)
Special Topic 11: Do Labor Unions Increase the Wages of Workers?	757	(13)
Special Topic 12: How Does Government Regulation Affect Your Life?	770	(11)
Special Topic 13: Natural Resources and the Future	781	(11)
Special Topic 14: Economics and the Environment	792	(11)
Appendix A General Business and Economic Indicators	803	(10)
Appendix B Answers to Selected Critical Analysis Questions	813	(24)
Glossary	837	(11)
Credits	848	(3)
Index	851