Economics : Principles and Applications

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  • Edition: 5th
  • Format: Hardcover
  • Copyright: 2009-11-25
  • Publisher: South-Western College Pub
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Acclaimed economists Hall and Lieberman have made the latest edition of ECONOMICS: PRINCIPLES AND APPLICATIONS as current as the headlines. Hall and Lieberman's careful focus on recent economic theories and applications, and how they relate to practical questions, effectively communicates that economics is an integrated, powerful body of knowledge that can address complex domestic and global issues.

Table of Contents

What Is Economics?
Scarcity, Choice, and Economic Systems
Supply and Demand
Supply and Demand
Working with Supply and Demand
Microeconomic Decision Makers
Consumer Choice
Production and Cost
How Firms Make Decisions: Profit Maximization
Product Markets
Perfect Competition
Monopolistic Competition and Oligopoly
Labor, Capital, and Financial Markets
Labor Markets
Capital and Financial Markets
Efficiency, Government, and the Global Economy
Economic Efficiency and the Competitive Ideal
Government's Role in Economic Efficiency
Comparative Advantage and the Gains from International Trade
Macroeconomics: Basic Concepts
What Macroeconomics Tries to Explain
Production, Income, and Employment
The Price Level and Inflation
Long-Run Macroeconomics
The Classical Long-Run Model
Economic Growth and Rising Living Standards
The Short-Run Model and Fiscal Policy
Economic Fluctuations
The Short-Run Macro Model
Fiscal Policy
Expanding the Model: Money, Prices and the Global Economy
Money, Banks, and the Federal Reserve
The Money Market and Monetary Policy
Aggregate Demand and Aggregate Supply
Inflation and Monetary Policy
Exchange Rates and Macroeconomic Policy
Table of Contents provided by Publisher. All Rights Reserved.

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