Fundamentals of Economics

by Boyes, William; Melvin, Michael

• ISBN13: 9780538481199
• ISBN10: 0538481196
• Edition: 5th
• Format: Paperback
• Copyright: 2011-01-01
• Publisher: South-Western College Pub

Summary

Designed for the one-term introductory economics course for non-majors, Boyes's FUNDAMENTALS OF ECONOMICS, Fifth Edition, engages students with business decisions of actual, headline-making companies and discusses the economic policies of today's world leaders. The Fifth Edition has been thoroughly updated to reflect the current economic condition in the US and the world, and reflects recent events in the Obama administration, especially in regard to healthcare. The supportive pedagogical framework that guides students through each chapter includes Fundamental Questions, which open and organize the chapter by focusing on three to six key issues, and which then reappear both at point of relevance in the margins and in the end-of-chapter Summary sections; Now You Try It checkpoint questions that quiz students on important concepts, with answers provided at the back of the book; Recaps at the end of each major section to break material into manageable segments; and end-of-chapter exercises that serve as self-checks for students and as homework assignment options for instructors. A built-in study guide follows each chapter, and provides a more intensive review opportunity for students, with answers provided in an appendix. Most chapters contain four pages of study material consisting of key term match-ups, multiple-choice quizzes, and practice questions and problems. A final section of application problems gives students an opportunity to analyze and synthesize what they have learned.

Table of Contents

The Price System

Economics and the World Around You

Appendix to Chapter 1: Working with Graphs

Markets and the Market Process

Applications of Demand and Supply

Consumers, Firms, And Social Issues

The Firm and the Consumer

Costs and Profit Maximization

Competition

Business, Society, and the Government

Social Issues

The National And Global Economies

An Overview of the National and International Economies

Macroeconomic Measures

Unemployment, Inflation, and Business Cycles

Macroeconomic Equilibrium: Aggregate Demand and Supply

Fiscal Policy

Money and Banking

Macroeconomic Policy

Monetary Policy

Macroeconomic Policy, Business Cycles, and Growth

Issues in International Trade and Finance

Globalization

Table of Contents provided by Publisher. All Rights Reserved.