Note: Supplemental materials are not guaranteed with Rental or Used book purchases.
Purchase Benefits
What is included with this book?
Student Foreword | p. xi |
Instructor Foreword | p. xiii |
A Note to Instructors: Suggestions for Use | p. xvi |
Acknowledgments | p. xviii |
About the Authors | p. xix |
About the Editor | p. xx |
Live Together, Die Alone: Competition, Cooperation, and International Trade | p. 1 |
Chapter Highlights | |
Gains from Trade | |
Competition | |
Protectionism | |
The Law of Comparative Advantage | |
Rumble in the Bronx | p. 3 |
Change | p. 4 |
Isolation Nation | p. 7 |
Read On/Join Up | p. 10 |
Questions for Discussion | p. 10 |
The War on the Economy: Stimulus Spending and Job "Creation" | p. 12 |
Chapter Highlights | |
Opportunity Cost | |
Economic Stimulus | |
Business Cycles | |
Gross Domestic Product | |
The Keynesian Multiplier | |
Maynard City: Where Destruction Brings Prosperity | p. 14 |
Jobs, Baby, Jobs! | p. 15 |
World War II: The Great Employment Program | p. 18 |
Read On/Join Up | p. 21 |
Questions for Discussion | p. 21 |
(Don't) Give Us Your Tired, Your Poor ...: Labor Migration in the Land of the Free and Beyond | p. 23 |
Chapter Highlights | |
Immigrations Policy | |
Economic Growth | |
Unemployment | |
Aggregate Demand and Supply | |
Marginal Revenue Product of Labor | |
Spain's Big Idea | p. 25 |
Pizza and the Economy | p. 28 |
Everybody ♥ NY | p. 29 |
Immigration Is the Sincerest Form of Flattery | p. 30 |
People Are Not the Problem | p. 32 |
Read On/Join Up | p. 33 |
Questions for Discussion | p. 33 |
Profits in the Political Marketplace: Is Government Regulation the Secret to Competitive Success? | p. 35 |
Chapter Highlights | |
Competitive Strategy | |
Product Differentiation | |
Public Choice Theory | |
Antitrust | |
Rent Seeking | |
Shopping at the Political Marketplace | p. 36 |
Ignorance Is Bliss Rational (Sometimes) | p. 38 |
The In Crowd | p. 38 |
Got Milk? | p. 39 |
Some Better Advice | p. 41 |
Read On/Join Up | p. 43 |
Questions for Discussion | p. 44 |
The $1,200 Sticks: Supply, Demand, and the Economics of Prohibition | p. 45 |
Chapter Highlights | |
Externalities | |
Laws of Supply and Demand | |
Price Elasticity of Demand and Expenditure | |
Rational Choice | |
The Law of Unintended Consequences | |
It's Good to Be a Gangsta | p. 46 |
Tradeoffs and Spillovers | p. 48 |
The Real Fairy Tale | p. 50 |
The More Things Change... | p. 51 |
Read On/Join Up | p. 52 |
Questions for Discussion | p. 53 |
All You Can Eat: Demand and Supply at the Healthcare Buffet | p. 54 |
Chapter Highlights | |
Marginal Benefits and Costs | |
Health Economics | |
Moral Hazard | |
Adverse Selection | |
The Samaritan's Dilemma | |
The Systems of Our Neighbors | p. 55 |
Healthcare Quality and Access in America | p. 57 |
The French Connection | p. 57 |
People Making Bad Decisions | p. 58 |
"Free" Lunches and Behavior | p. 59 |
People Are like Porsches-or Hondas | p. 61 |
The Patient Protection and Affordable Care Act | p. 62 |
A Separate Issue | p. 63 |
Read On/Join Up | p. 64 |
Questions for Discussion | p. 65 |
Green Is the New Black: Environmental Problems and Policy | p. 66 |
Chapter Highlights | |
The Tragedy of the Commons | |
The Coase Theorem | |
Negative and Positive Externalities | |
Environmental Regulation | |
Cost-Benefit Analysis | |
The World Cafeteria | p. 67 |
Everything Costs Something | p. 68 |
Costs Are Never Irrelevant | p. 69 |
One Size Does Not Fit All | p. 70 |
Ideas Have Consequences-and Side Effects | p. 71 |
Green Jobs: The Key that Unlocks All? | p. 72 |
The Power of Profit | p. 73 |
Getting Beyond Fear and Fashion | p. 75 |
Read On/Join Up | p. 75 |
Questions for Discussion | p. 76 |
Santa, Inc.: Firm Decisions and the Pursuit of Profit | p. 78 |
Chapter Highlights | |
Profit (Economic vs. Accounting) | |
Predatory Pricing | |
Monopoly | |
Scale Economies and Diseconomies | |
Price Fixing | |
Mom-and-Pop Shops | p. 79 |
The Song Remains the Same | p. 82 |
Cheaper, Faster, Better, Bigger | p. 84 |
Risky Business | p. 86 |
Overlooked Benefits | p. 87 |
Read On/Join Up | p. 89 |
Questions for Discussion | p. 90 |
Spiking the Punch: Financial Markets, Principals, Agents, and Moral Hazard | p. 92 |
Chapter Highlights | |
Financial Markets | |
Interest Rates and Risk | |
Principal-Agent Problems | |
Incentives | |
Moral Hazard | |
The Wonders of Wall Street | p. 94 |
The Secondary Market | p. 95 |
Paper Pushers | p. 97 |
"Wall Street Got Drunk" | p. 98 |
It's Not that I'm Lazy ... | p. 98 |
'Who Spiked the Punch? | p. 99 |
Freddie, Fannie, and Not-Very-Secure Securities | p. 100 |
Sobering Up | p. 102 |
Read On/Join Up | p. 103 |
Questions for Discussion | p. 104 |
Stairway to ... Sweatshops?: What Foreign Factories Mean for You, Me, and the Developing World | p. 106 |
Chapter Highlights | |
Market Competition | |
Outsourcing | |
Economic Development | |
Costs and Production | |
Fair Trade | |
How to Make Cheap Stuff | p. 107 |
An "Alternative" View of Sweatshops | p. 109 |
Step Right up to Development | p. 111 |
Buy Mexican | p. 113 |
Read On/Joint Up | p. 115 |
Questions for Discussion | p. 116 |
Why Men Love Tools: Poverty at the Personal and National Levels | p. 118 |
Chapter Highlights | |
Poverty Threshold/Poverty Rate | |
Investment | |
Physical Capital | |
Human Capital | |
Economic Freedom and Growth | |
It's All Relative ... Except When It's Absolute | p. 119 |
Pain Meds for a Broken Bone | p. 120 |
Personal Investing 101 | p. 121 |
Change Comes from Within | p. 123 |
The (Only) Simple Solution | p. 124 |
Let's Not Get Ahead of Ourselves | p. 125 |
Read On/Join Up | p. 126 |
Questions for Discussion | p. 126 |
Land of the Free: Regulation, Redistribution, and Rights | p. 128 |
Chapter Highlights | |
Tradeoffs | |
Optimization vs. Maximization | |
Equity vs. Efficiency | |
Income Redistribution | |
Insurance | |
Bargain Hunters | p. 129 |
The Big (X-ray) Picture | p. 131 |
Homerun! | p. 132 |
The "Moral" of the Story | p. 134 |
Read On/Join Up | p. 135 |
Questions for Discussion | p. 136 |
Index | p. 138 |
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The New copy of this book will include any supplemental materials advertised. Please check the title of the book to determine if it should include any access cards, study guides, lab manuals, CDs, etc.
The Used, Rental and eBook copies of this book are not guaranteed to include any supplemental materials. Typically, only the book itself is included. This is true even if the title states it includes any access cards, study guides, lab manuals, CDs, etc.