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Economics : Principles and Policy

by:
ISBN: 9780030112621 | 0030112621
Edition: 7th
Format: Paperback
Publisher: South-Western College Pub
Pub. Date: 1/2/1997

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SummaryTable of Contents
Since introducing the aggregate supply/aggregate demand model as a fundamental tool for learning economics in the first edition of their textbook, William Baumol and Alan Blinder have, for over two decades, led the teaching and learning of economics with their authoritative and timely discussion of the field. Now in its eighth edition, Economics: Principles and Policy remains a time-tested tool in teaching and learning the ever-evolving field of economics.
Prefacev
PART I GETTING ACQUAINTED WITH ECONOMICS1(92)
1 What Is Economics?
3(22)
2 The U.S. Economy: Myth and Reality
... MORE
25(24)
3 Scarcity and Choice: The Economic Problem
49(18)
4 Supply and Demand: An Initial Look
67(26)
PART II ESSENTIALS OF MICROECONOMICS: CONSUMERS AND FIRMS93(114)
5 Consumer Choice: The Demand Side of the Market
95(30)
6 Demand and Elasticity
125(22)
7 Production, Inputs, and Cost: Building Blocks for Supply Analysis
147(34)
8 Output, Price, and Profit: The Importance of Marginal Analysis
181(26)
PART III THE MARKET SYSTEM: VIRTUES AND VICES207(142)
9 The Firm and the Industry under Perfect Competition
209(24)
10 The Price System and the Case for Laissez-Faire
233(22)
11 Monopoly
255(20)
12 Between Competition and Monopoly
275(26)
13 The Market Mechanism: Shortcomings and Remedies
301(24)
14 Real Firms and Their Financing: Stocks and Bonds
325(24)
PART IV THE DISTRIBUTION OF INCOME349(80)
15 Pricing the Factors of Production
351(26)
16 Labor: The Human Input
377(26)
17 Poverty, Inequality, and Discrimination
403(26)
PART V THE GOVERNMENT AND THE ECONOMY429(86)
18 Limiting Market Power: Regulation of Industry
431(20)
19 Limiting Market Power: Antitrust Policy
451(18)
20 Taxation and Resource Allocation
469(22)
21 Environmental Protection and Resource Conservation: The Economist's Approach
491(24)
PART VI THE MACROECONOMY: AGGREGATE SUPPLY AND DEMAND515(132)
22 The Realm of Macroeconomics
517(20)
23 Unemployment and Inflation: The Twin Evils of Macroeconomics
537(26)
24 Income and Spending: The Powerful Consumer
563(24)
25 Demand-Side Equilibrium: Unemployment or Inflation?
587(22)
26 Changes on the Demand Side: Multiplier Analysis
609(18)
27 Supply-Side Equilibrium: Unemployment and Inflation?
627(20)
PART VII FISCAL AND MONETARY POLICY647(148)
28 Managing Aggregate Demand: Fiscal Policy
649(22)
29 Money and the Banking System
671(24)
30 Monetary Policy and the National Economy
695(22)
31 The Debate over Monetary Policy
717(28)
32 Budget Deficits and the National Debt: Fact and Fiction
745(24)
33 The Trade-off between Inflation and Unemployment
769(26)
PART VIII THE UNITED STATES IN THE WORLD ECONOMY795
34 International Trade and Comparative Advantage
797(24)
35 The International Monetary System: Order or Disorder?
821(24)
36 Macroeconomics in a World Economy
845(20)
37 Productivity and Growth in the Wealth of Nations
865(32)
38 Comparative Economic Systems: What Are the Choices?
897
GlossaryG-1
CreditsC-1
IndexI-1

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