Introduction to Economic Reasoning

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  • Edition: 8th
  • Format: Paperback
  • Copyright: 2010-01-03
  • Publisher: Prentice Hall
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With a goal of encouraging students to become informed decision-makers,Introduction to Economic Reasoning,provides a non-technical, concise introduction to basic economic theories.

Author Biography

William D. Rohlf, Jr.,

Drury University (Springfield, MO)

Table of Contents

Part 1 Introduction: Scarcity and the Economic System

Chapter 1: The Study of Economics
Chapter 2: Economic Systems

Part 2 Microeconomics: Markets, Prices, and the Role of Competition

Chapter 3: Demand and Supply: Price Determination in Competitive Markets
Chapter 4: Applications Using Demand and Supply
Chapter 5: Costs and Decision Making
Chapter 6: Price Taking: The Purely Competitive Firm
Chapter 7: Price Searching: The Firm with Market Power
Chapter 8: Industry Structure and Public Policy
Chapter 9: Market Failure

Part 3 Macroeconomics: The Economy as a Whole

Chapter 10: Measuring Aggregate Performance
Chapter 11: Aggregate Demand and Supply: The Model of the Self-Correcting Economy
Chapter 12: Fiscal Policy
Chapter 13: Money, Banking and Monetary Policy
Chapter 14: The Activist-Nonactivist Debate
Chapter 15: Economic Growth: The Importance of the Long Run

Part 4 International Economics: Trade, Exchange Rates, and the Role of Trade Agreements

Chapter 16: International Economics

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