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Economics for Today

by:
ISBN: 9780324006216 | 0324006217
Edition: 2nd
Format: Paperback
Publisher: South-Western College Pub
Pub. Date: 7/23/1999

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SummaryTable of Contents
Straightforward and engaging, ECONOMICS FOR TODAY, 5e uses a unique textual and visual learning system to present, reinforce and test students comprehension while teaching them the basic concepts of economic principles while also giving them the context to apply them in their everyday lives. This concise text focuses on core concepts, providing an extremely student friendly text that includes unparalleled pedagogy and teaching support. The new edition also includes CengageNOW, a powerhouse of online resources including custom designed learning paths for each student, lively videos, interactive assessments, testing tools, and much more. Engaging and easy to use, this book's fast-paced, action-packed approach explains all the essential concepts without being encyclopedic as it teaches students to apply basic economic principles to real-world issues.
PART I INTRODUCTION TO ECONOMICS1(112)
1 Introducing the Economic Way of Thinking
1(32)
APPENDIX TO CHAPTER 1 Applying Graphs to Economics
2... MORE(13)
2 Production Possibilities and Opportunity Cost
33(20)
3 Market Demand and Supply
53(30)
4 Markets in Action
83(30)
APPENDIX TO CHAPTER 4 Applying Supply and Demand Analysis to Health Care
108(5)
PART II MICROECONOMIC FUNDAMENTALS113(68)
5 Price Elasticity of Demand and Supply
113(26)
6 Consumer Choice Theory
139(14)
7 Production Costs
153(28)
PART III MARKET STRUCTURES181(100)
8 Perfect Competition
181(28)
9 Monopoly
209(24)
10 Monopolistic Competition and Oligopoly
233(25)
11 Labor Markets
258(23)
PART IV MICROECONOMIC POLICY ISSUES281(72)
12 Income Distribution, Poverty, and Discrimination
281(26)
13 Antitrust and Regulation
307(25)
14 Environmental Economics
332(21)
PART V MACROECONOMIC FUNDAMENTALS353(71)
15 Gross Domestic Product
353(27)
16 Business Cycles and Unemployment
380(24)
17 Inflation
404(20)
PART VI MACROECONOMIC THEORY AND POLICY424(140)
18 The Keynesian Model
424(25)
19 The Keynesian Model in Action
449(23)
20 Aggregate Demand and Supply
472(26)
21 Fiscal Policy
498(20)
22 The Public Sector
518(24)
23 Federal Deficits, Surpluses, and the National Debt
542(22)
PART VII MONEY, BANKING, AND MONETARY POLICY564(93)
24 Money and the Federal Reserve System
564(21)
25 Money Creation
585(21)
26 Monetary Policy
606(27)
27 The Phillips Curve and Expectations Theory
633(24)
PART VIII THE INTERNATIONAL ECONOMY657(80)
28 International Trade and Finance
657(31)
29 Comparative Economic Systems
688(23)
30 Growth and the Less-Developed Countries
711(26)
APPENDIX A Answers to Odd-Numbered Study Questions and Problems737(18)
APPENDIX B Practice Quiz Answers755(4)
APPENDIX C United States Gross Domestic Product and Related Statistics759(8)
Glossary767(12)
Index779

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