Economics: A Tool for Critically Understanding Society

by Riddell, Tom; Shackelford, Jean A; Stamos, Steve C.; Schneider, Geoffrey

• ISBN13: 9780321423580
• ISBN10: 0321423585
• Edition: 8th
• Format: Paperback
• Copyright: 2008-01-01
• Publisher: Addison Wesley

Summary

TheEighth EditionofEconomics: A Tool for Critically Understanding Societyoffers a clear, simple introduction to economic analysis in a style that is ideal for a one-semester introductory course. The authors take a historical perspective, presenting economic theories and their connections to schools of economic thought. The goal is to help students use economic concepts to analyze todayrs"s issues, to think about everyday decisions, and to examine their preconceived ideas and beliefs.Economics as a Tool for Critical Thinking in a Changing Global Economy:Economics as a Social Science; Exploring the Emerging Global Economy.Economic History and the Development of Modern Economic Thought:The Evolution of Economic Systems; Property, Adam Smith, and the Division of Labor; The Rise and Fall of Laissez-Faire; The Marxian Critique of Capitalism.Microeconomics:Scarcity: "You Can't Always Get What You Want"; The Theory of Markets;Perfect Competition and Efficiency; Noncompetitive Markets and Inefficiency; Resource Markets and the Distribution of Income; Corporations and Labor Unions; The Economic Role of Government.Macroeconomics:Macroeconomics: Issues and Problems; Macroeconomic Theory: Classical and Keynesian Models; Fiscal Policy: Government Spending and Taxation; Financial Markets, Money, and Monetary Policy; Aggregate Demand and Aggregate Supply; Unemployment, Inflation, and Stabilization Policy in a Global Economy.International Economics and Finance:International Trade and Interdependence; International Finance; The Economics of Developing Nations; Economic Systems in Transition.For all readers interested in one-semester economics.

Table of Contents

Economics As A Tool For Critical Thinking In A Changing Global Economy

Economics as a Social Science

Exploring the Emerging Global Economy

Economic History And The Development Of Modern Economic Thought

The Evolution of Economic Systems

Adam Smith, Classical Liberalism, and the Division of Labor

Karl Marx and the Socialist Critique of Capitalism

The Rise and Fall of Laissez-Faire in the U.S. Economy

Microeconomics

Scarcity: You Can't Always Get What You Want

The Theory of Markets

Perfect Competition and Efficiency

Noncompetitive Markets and Inefficiency

Resource Markets and the Distribution of Income

Corporations and Labor Unions

The Economic Role of Government

Macroeconomics

Macroeconomics: Issues and Problems

Macroeconomic Theory: Classical and Keynesian Models

Fiscal Policy: Government Spending and Taxation

Financial Markets, Money, and Monetary Policy

Aggregate Demand and Aggregate Supply

Unemployment, Inflation, and Stabilization Policy in a Global Economy

International Economics And Finance

International Trade and Interdependence

International Finance

The Economics of Developing Nations

Economies in Transition

Table of Contents provided by Publisher. All Rights Reserved.