Microeconomics Private and Public Policy with Xtra! CD-ROM and InfoTrac College Edition

by Gwartney, James D.; Stroup, Richard L.; Sobel, Russell S.; Macpherson, David A.

• ISBN13: 9780030344824
• ISBN10: 0030344824
• Edition: 10th
• Format: Paperback
• Copyright: 2002-07-19
• Publisher: South-Western College Pub

Summary

Authors James D. Gwartney, Richard L. Stroup, Russell S. Sobel, and David Macpherson, believe that a course on principles of economics should focus on the power and relevance of the economic way of thinking. It is this belief and corresponding writing approach that has made Microeconomics: Private and Public Choice one of South Western Thomson Learning's most solid and enduring texts. Throughout this text, the authors integrate applications and real-world data in an effort to make the basic concepts of economics come alive for the reader.

Table of Contents

The Economic Way of Thinking	p. 1
The Economic Approach	p. 4
Some Tools of the Economist	p. 27
Markets and Governments	p. 53
Supply, Demand, and the Market Process	p. 56
Supply and Demand: Applications and Extensions	p. 86
The Economic Role of Government	p. 112
The Economics of Collective Decision Making	p. 130
Core Microeconomics	p. 153
Demand and Consumer Choice	p. 156
Costs and the Supply of Goods	p. 184
Price Takers and the Competitive Process	p. 210
Price-Searcher Markets with Low Entry Barriers	p. 233
Price-Searcher Markets with High Entry Barriers	p. 253
The Supply of and Demand for Productive Resources	p. 280
Earnings, Productivity, and the Job Market	p. 300
Investment, the Capital Market, and the Wealth of Nations	p. 318
Income Inequality and Poverty	p. 336
International Economics	p. 355
Gaining from International Trade	p. 359
International Finance and the Foreign Exchange Market	p. 383
Beyond the Basics	p. 407
Government Spending and Taxation	p. 410
The Internet: How Is it Changing the Economy?	p. 421
The Economics of Social Security	p. 431
The Stock Market: What Does It Do and How Has It Performed?	p. 442
The Economic of Health Care	p. 455
School Choice: Can It Improve the Quality of Education in America?	p. 467
Is Discrimination Responsible for the Earnings Differences Between Men and Women?	p. 475
Do Labor Unions Increase the Wages of Workers?	p. 481
How Does Government Regulation Affect Your Life?	p. 494
Natural Resources and the Future	p. 505
Economics and the Environment	p. 516
General Business and Economic Indicators	p. 527
Answers to Selected Critical Analysis Questions	p. 537
Glossary	p. 553
Credits	p. 561
Index	p. 563
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