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Economics : Principles and Tools

ISBN: 9780132063685 | 0132063689
Edition: 1st
Format: Hardcover
Publisher: Prentice Hall
Pub. Date: 1/1/1998

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SummaryTable of Contents
The most successful first edition of a principles of economics text in Prentice Hall history. The authors build a framework for economic reasoning on the Five Principles of Economics then move the student from memorization to understanding by applying these simple, intuitive and memorable principles repeatedly throughout the text in an "active learning" environment (Economic Experiments, Economic Detective, Using the Tools). The goal is for students to not only think like economists, but to act like economists. The economic analysis is rigorous... MORE
PREFACExxi(7)
A GUIDED TOURxxviii
Part I Introduction and Key Principles1(80)
1 Introduction: What Is Economics?
1(21)
... MORE22(15)
3 Markets and Government in the Global Economy
37(20)
4 Supply, Demand, and Market Equilibrium
57(24)
Part II A Closer Look at Demand and Supply81(69)
5 Elasticity: A Measure of Responsiveness
81(19)
6 Government Intervention in Markets
100(24)
7 Consumer Choice
124(26)
Part III Market Structure and Pricing150(121)
8 The Firm's Short-Run and Long-Run Cost Curves
150(20)
9 Perfect Competition in the Short Run
170(22)
10 Long-Run Supply and Market Dynamics
192(16)
11 Monopoly and Price Discrimination
208(21)
12 Entry Decisions: Natural Monopoly and Monopolistic Competition
229(17)
13 Oligopoly and Antitrust Policy
246(25)
Part IV Market Failure: Spillovers and Information271(61)
14 Public Goods, Taxes, and Public Choice
271(23)
15 Environmental Problems and Public Policy: Global Warming, Ozone Depletion, Acid Rain, and Urban Smog
294(22)
16 Imperfect Information and Disappearing Markets
316(16)
Part V The Markets for Labor and Capital332(69)
17 The Labor Market
332(26)
18 Interest Rates and Present Value
358(18)
19 Economic Challenges for the Twenty-First Century
376(25)
Part VI The Basic Concepts of Macroeconomics401(42)
20 The Big Ideas in Macroeconomics
401(21)
21 Behind the Economic Statistics
422(21)
Part VII The Economy in the Long Run443(43)
22 Classical Economics: The Economy at Full Employment
443(19)
23 Why Do Economies Grow?
462(24)
Part VIII Economic Fluctuations486(65)
24 Coordinating Economic Activity: Aggregate Demand and Supply
486(21)
25 Keynesian Economics and Fiscal Policy
507(27)
26 Investment and Financial Intermediation
534(17)
Part IX Money, Banking, and Monetary Policy551(38)
27 Money, the Banking System, and the Federal Reserve
551(18)
28 Monetary Policy in the Short Run
569(20)
Part X Inflation, Unemployment, and Government Deficits589(52)
29 From the Short Run to the Long Run
589(15)
30 The Dynamics of Inflation and Unemployment
604(21)
31 Ten Questions (and Answers) about Government Debt and Deficits
625(16)
Part XI The International Economy641
32 International Trade and Public Policy
641(22)
33 The World of International Finance
663
GLOSSARYG-1
SOLUTIONS TO SELECTED PROBLEMS AND DISCUSSION QUESTIONSS-1
INDEXI-1

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