Economics (with Xtra! Access Card and InfoTrac)

by Arnold, Roger A.

• ISBN13: 9780324163704
• ISBN10: 0324163703
• Edition: 6th
• Format: Hardcover
• Copyright: 2003-01-13
• Publisher: South-Western College Pub

Summary

Offering a unique blend of solid theoretical content and accessibility, this text: 1) covers all the basics of macroeconomics and microeconomics, 2) gives readers a clear idea of how economists think about the world, 3) stresses the key concepts in economics, and 4) is extremely rich in intriguing applications that convey the prevalence of economics in everyday life. By applying economics to phenomenon that learners are familiar with and interested in, this book demonstrates like no other text how economic analysis can be applied to virtually anything of interest, thus helping readers develop true economic intuition. Additional features include a unique active-learning format, an emphasis on developing economic analysis skills, and an outstanding visual program for exhibits and graphs. Economics, 6e is also available in micro and macro paperback splits.

Table of Contents

Economics: The Science Of Scarcity

What Economics is About

Working with Diagrams

Economic Activities: Producing and Trading

Supply and Demand: Theory

Supply and Demand: Practice Macroeconomics

Macroeconomic Fundamentals

Macroeconomic Measurements

Prices and Unemployment

Macroeconomic Measurements

GDP and Real GDP

Macroeconomic Stability, Instability, And Fiscal Policy

Aggregate Demand and Aggregate Supply

The Self-Regulating Economy

Economic Instability: A Critique of the Self-Regulating Economy

The Federal Budget and Fiscal Policy

Money , The Economy And Monetary Policy

Money and Banking

The Federal Reserve System

Money and the Economy

Monetary Policy

Expectations And Growth

Expectations Theory and the Economy

Economic Growth Microeconomics

Microeconomic Fundamentals

Elasticity

Consumer Choice: Maximizing Utility and Behavioral Economics

Budget Constraint Analysis and Indifference Curve Analysis

Production and Costs

Product Markets And Policies

Perfect Competition

Monopoly

Monopolistic Competition, Oligopoly, and Game Theory

Government and Product Markets: Antitrust and Regulation

Factor Markets And Related Issues

Factor Markets: With Emphasis on the Labor Market

Wages, Unions, and Labor

The Distribution of Income and Poverty

Interest, Rent, and Profit

Market Failure And Public Choice

Market Failure: Externalities, Public Goods, and Asymmetric Information

Public Choice: Economic Theory Applied to Politics The Global Economy

International Economics And Globalization

International Trade

International Finance

Globalization Practical Economics

Financial Matters

Stocks, Bonds, Futures, and Options

Should You Major in Economics?

Self-Test

Appendix

Glossary

Index Online Chapters

Agriculture: Farmers' Problems, Government Policies, and Unintended Effects

International Impacts on the Macro Economy

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