Foundations of Microeconomics

by Bade

• ISBN13: 9780321178565
• ISBN10: 0321178564
• Edition: 2nd
• Format: Nonspecific Binding
• Copyright: 2004-01-01
• Publisher: Pearson (Manual)

Summary

Everyone agrees that they only way to learn economics is to do it. Rote memorization does not work. The keys to success in economics are active involvement and working problems. To help students succeed, the Bade/Parkin package is designed to encourage learning by doing. After all, practice makes perfect! Practice is the cornerstone of the innovative Bade/Parkin approach. Each chapter of Foundations of Economics concentrates on a manageable number of core concepts. A full page Checkpointcontaining a Practice Problem with solution and a parallel Exerciseimmediately follows each main idea. Checkpoints serve as stopping points and encourage students to practice using a concept before moving on. Different learning styles need different learning tools, and eFoundations, Bade/Parkin's extensive web environment, puts students in the driver's seat and allows them to use technology in the way that suits them best.

Table of Contents

Introduction

Getting Started

Appendix: Making and Using Graphs

The U.S. Economy

The Economic Problem

Demand and Supply

A Closer Look At Markets

Elasticities of Demand and Supply

Efficiency and Fairness of Markets

How Governments Influence The Economy

Government Influences on Markets

Taxes

Externalities

Public Goods and Common Resources

A Closer Look At Decision Makers

Consumer Choice and Demand

Appendix: Indifference Curves

Production and Cost

Prices, Profits, And Industry Performance

Perfect Competition

Monopoly

Monopolistic Competition

Oligopoly

Regulation and Antitrust Law

How Incomes Are Determined

Demand and Supply in Factor Markets

Inequality and Redistribution

Monitoring The Macroeconomy

GDP and the Standard of Living

Jobs and Unemployment

The CPI and the Cost of Living

The Real Economy

AS-AD and Potential GDP

Investment and Saving

Economic Growth

The Money Economy

Money and the Monetary System

Money Creation and Control

Money, Interest, and Inflation

Economic Fluctuations

AS-AD and the Business Cycle

Aggregate Expenditure

Fiscal and Monetary Policy Effects

The Short-Run Policy Tradeoff

Fiscal and Monetary Policy Debates

The Global Economy

International Trade

International Finance

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