Microeconomics Principles and Policy, 2004 Update

by Baumol, William J.; Blinder, Alan S.

• ISBN13: 9780324201642
• ISBN10: 0324201648
• Edition: 9th
• Format: Paperback
• Copyright: 2004-07-02
• Publisher: South-Western College Pub

Summary

This text remains a proven leader in the world of economics. Since introducing the aggregate supply/ aggregate demand model as a fundamental tool for learning economics over two decades ago, in this edition William J. Baumol and Alan S. Blinder continue their long tradition of equipping students with the knowledge and tools they need to apply modern economics to their world. Hallmark features include one of the strongest policy treatments on the market and a careful and in-depth focus on the most important economic tools students should retain after the course is over.

Table of Contents

Getting Acquainted With Economics

What Is Economics?

Scarcity and Choice: The Economic Problem

Supply and Demand: An Initial Look

The Building Blocks Of Demand And Supply

Consumer Choice: Individual and Market Demand

Demand and Elasticity

Production, Inputs, and Cost: Building Blocks for Supply Analysis

Output, Price, and Profit: The Importance of Marginal Analysis

Markets, From Competition To Monopoly: Virtues And Vices

The Firm and the Industry Under Perfect Competition

The Price System and the Case for Free Markets

Monopoly

Between Competition and Monopoly

The Market Mechanism: Shortcomings and Remedies

Microeconomics of the "New Economy": Innovation and Growth

Real Firms and Their Financing: Stocks and Bonds

The Distribution Of Income

Pricing the Factors of Production

Labor: The Human Input

Poverty, Inequality, and Discrimination

The Government And The Economy

Limiting Market Power: Regulation and Antitrust

Taxation and Resource Allocation

Externalities, The Environment and Natural Resources

International Trade and Comparative Advantage

Table of Contents provided by Publisher. All Rights Reserved.