Principles Of Economics

by Gottheil, Fred M.

• ISBN13: 9780324260175
• ISBN10: 0324260172
• Edition: 4th
• Format: Paperback
• Copyright: 2004-03-03
• Publisher: South-Western College Pub

Summary

This newly updated edition of a highly regarded text, Principles of Economics, 4e, provides your students with the most up-to-date information available. Cases, tables, data, and more have been updated to reflect 2003 data. The four-color interior and full supplement package complements the text's superb conversational style, which engages students like none other. Principles of Economics, 4e represents the accomplishments of Fred Gottheil's career as an outstanding professor and author. This edition maintains the proven structure and style of previous editions, while updating content to make it even more valuable to professors and students alike. The author continues to use familiar stories, illustrations, scenarios, and a direct-to-student writing style to appeal to students' interests. The narrative is built around questions, which cut the distance between the student and the unfamiliar concepts of economics. Instead of covering hundreds of topics superficially, the book presents basic concepts in-depth and develops economic analysis step-by-step. The result: Learning economics becomes relative, interactive and appealing versus mere passive course participation.

Table of Contents

The Basics of Economic Analysis

Introduction

Production Possibilities and Opportunity Costs

Demand and Supply

The Microeconomics of Product Markets

Elasticity

Marginal Utility and Consumer Choice

Price Ceiling and Price Floors

Business Ownership and Organization: Proprietorships, Partnerships, and Corporations

The Microeconomics of Product Markets

Costs of Production

Maximizing Profit

Identifying Markets and Market Structure

Price and Output in Monopoly, Monopolistic Competition, and Perfect Competition

Price and Output Determination Under Oligopoly

Antitrust Regulation

Externalities, Market Failure, and Public Choice

The Microeconomics of Factor Markets

Wage Rates in Competitive Labor Markets

Wages and Employment: Monopsony and Labor Unions

Interest, Rent, and Profit

Income Distribution and Poverty

Employment , Inflation, and Fiscal Policy

Aggregate Demand and Aggregate Supply

Gross Domestic Product Accounting

Consumption and Investment

Equilibrium National Income

Fiscal Policy: Coping with Inflation and Unemployment

Long-Run Economic Growth and Business Cycles

Money , Banking, and Monetary Policy

Money

Money Creation and the Banking System

The Federal Reserve System and Monetary Policy

Government and the Macroeconomy

Can Government Really Stabilize the Economy?

Government Spending

Financing Government: Taxes and Debt

The World Economy

International Trade

Exchange Rates, Balance of Payments, and International Debt

The Economic Problems of Less-Developed Economies

Practice Test Answer

Key Glossary

Index

Table of Contents provided by Publisher. All Rights Reserved.