Foundations of Microeconomics

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  • Edition: 4th
  • Format: Hardcover
  • Copyright: 2009-01-01
  • Publisher: Prentice Hall
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Economics is a subject youlearn by doing.Foundations of Economicsbreaks the mold of a traditional text and becomes a practice-oriented learning system. Each chapter uses a Checklist to focus readers'attention on the most important key concepts. A discrete section introduces each of these core concepts and is immediately followed by a Checkpoint, a full page of practice that applies the concept. The result is a patient, confidence-building approach that prepares readers touseeconomics in their lives, regardless of what their future career will be. Introduction:Getting Started; The U.S. and Global Economies; 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:Markets in Action; Taxes; Global Markets in Action; Externalities; Public Goods and Common Resources. A Closer Look at Decision Makers:Consumer Choice and Demand; Production and Cost.Prices, Profits, and Industry Performance:Perfect Competition; Monopoly; Monopolistic Competition; OligopolyIncomes, Uncertainty, and Inequality:Demand and Supply in Factor Markets; Uncertainty and Information; Inequality and Poverty.Monitoring the Macroeconomy:GDP and the Standard of Living; The CPI and the Cost of Living; Jobs and Unemployment.The Real Economy:Potential GDP and the Natural Unemployment Rate; Economic Growth; Investment, Saving, and the Real Interest Rate.The Money Economy:The Monetary System; Money, Interest, and Inflation.Economic Fluctuations:AS-ADand the Business Cycle; Aggregate Expenditure; The Short-Run Policy Tradeoff.Macroeconomic Policy:Fiscal Policy; Monetary Policy; International Finance. For all readers interested in economics.

Table of Contents

Getting Started
The U.S. and Global Economies
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
Markets in Action
Global Markets in Action
Public Goods and Common Resources
A Closer Look at Decision Makers
Consumer Choice and Demand
Production and Cost
Prices, Profits, and Industry Performance
Perfect Competition
Monopolistic Competition
Incomes, Uncertainty, and Inequality
Demand and Supply in Factor Markets
Uncertainty and Information
Inequality and Poverty
Monitoring the Macroeconomy
GDP and the Standard of Living
The CPI and the Cost of Living
Jobs and Unemployment
The Real Economy
Potential GDP and the Natural Unemployment Rate
Economic Growth
Investment, Saving, and the Real Interest Rate
The Money Economy
The Monetary System
Money, Interest, and Inflation
Economic Fluctuations
AS-AD and the Business Cycle
Aggregate Expenditure
The Short-Run Policy Tradeoff
Macroeconomic Policy
Fiscal Policy
Monetary Policy
International Finance
Table of Contents provided by Publisher. All Rights Reserved.

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