9780130737724

Principles of Economics BK+CD

by
  • ISBN13:

    9780130737724

  • ISBN10:

    0130737720

  • Edition: 6th
  • Format: Hardcover
  • Copyright: 2001-06-01
  • Publisher: PRENTICE HALL

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Summary

Written by an award-winning educator and a highly respected macroeconomist, this current and comprehensive book introduces readers to the discipline of economics and provides a basic understanding of how economies function as it skillfully blends economic theory, institutional material, and real-world applications throughout. Opens with a sound introduction to economics, and presents in-depth treatments on the foundations of microeconomics: consumers and firms; market imperfections and the role of government; concepts and problems in macroeconomics; the goods and money markets; macroeconomic analysis; international economics and the world economy. Explains all concepts in a three-tiered system to ensure understanding -- first in the context of a simple story in words followed by a numerical illustration; then by graphing the numerical example; and finally, by using a representative equation. Updates all charts, tables, and graphs in the book with the most current data available, and discusses many high interest topics such as the impact of technology on the wor

Table of Contents

Introduction
PART 1: Introduction to Economics 1(102)
The Scope and Method of Economics
1(24)
The Economic Problem: Scarcity and Choice
25(20)
Demand, Supply, and Market Equilibrium
45(30)
The Price System, Demand and Supply, and Elasticity
75(28)
MICROECONOMICS
PART 2: Foundations of Microeconomics: Consumers and Firms 103(160)
Household Behavior and Consumer Choice
103(30)
The Production Process: The Behavior of Profit-Maximizing Firms
133(22)
Short-Run Costs and Output Decisions
155(22)
Costs and Output Decisions in the Long Run
177(26)
Input Demand: The Labor and Land Markets
203(20)
Input Demand: The Capital Market and the Investment Decision
223(20)
General Equilibrium and the Efficiency of Perfect Competition
243(20)
PART 3: Market Imperfections and the Role of Government 263(112)
Monopoly and Antitrust Policy
263(28)
Monopolistic Competition and Oligopoly
291(26)
Externalities, Public Goods, Imperfect Information, and Social Choice
317(32)
Income Distribution and Poverty
349(26)
MACROECONOMICS
PART 4: Concepts and Problems in Macroeconomics 375(56)
Introduction to Macroeconomics
375(18)
Measuring National Output and National Income
393(20)
Long-Run and Short-Run Concerns: Growth, Productivity, Unemployment, and Inflation
413(18)
PART 5: The Goods and Money Markets 431(92)
Aggregate Expenditure and Equilibrium Output
431(24)
The Government and Fiscal Policy
455(24)
The Money Supply and the Federal Reserve System
479(26)
Money Demand, the Equilibrium Interest Rate, and Monetary Policy
505(18)
PART 6: Macroeconomic Analysis 523(144)
Money, the Interest Rate, and Output: Analysis and Policy
523(18)
Aggregate Demand, Aggregate Supply, and Inflation
541(26)
The Labor Market, Unemployment, and Inflation
567(20)
Macroeconomic Issues and Policy
587(18)
Household and Firm Behavior in the Macroeconomy: A Further Look
605(26)
Long-Run Growth
631(20)
Debates in Macroeconomics: Monetarism, New Classical Theory, and Supply-Side Economics
651(16)
INTERNATIONAL ECONOMICS
PART 7: The World Economy 667
International Trade, Comparative Advantage, and Protectionism
667
Open-Economy Macroeconomics: The Balance of Payments and Exchange Rates
691
Economic Growth in Developing and Transitional Economies
719
Glossary G-1
Solutions to Even-Numbered Problems S-1
Index I-1
Photo Credits P-1

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