Foundations of Economics plus MyEconLab plus eBook 2-semester Student Access Kit
Foundations of Economics plus MyEconLab plus eBook 2-semester Student Access Kit
- ISBN 13:
9780321522368
- ISBN 10:
0321522362
- Edition: 5th
- Format: Package
- Copyright: 01/01/2011
- Publisher: Prentice Hall
- Newer Edition
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Summary
TO BE UPDATED WITH FINAL TOC KEY MESSAGE:Economics is a subject youlearn by doing.Foundations of Economicsbreaks the mold of a traditional text and becomes a practice-oriented learning system. Each chapter uses a Checklist to focus readers'attention on the most important key concepts. A discrete section introduces each of these core concepts and is immediately followed by a Checkpoint, a full page of practice that applies the concept. The result is a patient, confidence-building approach that prepares readers touseeconomics in their lives, regardless of what their future career will be. Introduction:Getting Started; The U.S. and Global Economies; The Economic Problem; Demand and Supply.A Closer Look at Markets:Elasticities of Demand and Supply; Efficiency and the Fairness of Markets.How Governments Influence the Economy:Markets in Action; Taxes; Global Markets in Action; Externalities; Public Goods and Common Resources.A Closer Look at Decision Makers:Consumer Choice and Demand; Production and Cost. Prices, Profits, and Industry Performance:Perfect Competition; Monopoly; Monopolistic Competition; Oligopoly.Title TK:Demand and Supply in Factor Markets; Uncertainty and Information; Inequality and Poverty.Monitoring the Macroeconomy:GDP and the Standard of Living; The CPI and the Cost of Living; Jobs and Unemployment.The Real Economy:Potential GDP and the Natural Unemployment Rate; Economic Growth; Investment and Saving.The Money Economy:New title TK: Money and the Monetary System / Money Creation and Control;Money, Interest, and Inflation.Economic Fluctuations:AS-AD and the Business Cycle; Aggregate Expenditure; Fiscal and Monetary Policy Effects; The Short-Run Policy Tradeoff; Fiscal and Monetary Policy Debates.The Global Economy:International Finance. For all readers interested in economics.