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Introduction to Economic Reasoning

ISBN: 9780201726251 | 0201726254
Edition: 5th
Format: Paperback
Publisher: Addison Wesley
Pub. Date: 1/1/2002

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SummaryTable of Contents
This concise, accessible introduction to economics helps students understand economic issues and become better decision makers. Intended for the one-semester course, the book pairs clear explanations of basic economic concepts with "Use Your Economic Reasoning" features that apply these concepts to current events and make them relevant to students' daily lives. The fifth edition features a new chapter on Economic Growth; a new, comprehensive end-of-book glossary; and substantial updating of examples and data throughout.

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Prefacevii
Contentsxv
PART ONE Introduction: Scarcity and the Economic System1(62)
The Study of Economics
3(32)
... MORE
Economic Systems
35(28)
PART TWO Microeconomics: Markets, Prices, and the Role of Competition63(228)
Demand and Supply: Price Determination in Competitive Markets
65(39)
The Elasticity of Demand and Supply
104(20)
Marginal Reasoning and Profit Maximization
124(32)
Price Taking: The Purely Competitive Firm
156(34)
Price Searching: The Firm with Market Power
190(35)
Industry Structure and Public Policy
225(35)
Market Failure
260(31)
PART THREE Macroeconomics: The Economy as a Whole291(184)
Measuring Aggregate Performance
293(33)
Aggregate Demand and Supply: The Model of the Self-Correcting Economy
326(30)
Fiscal Policy
356(28)
Money, Banking, and Monetary Policy
384(35)
The Activist---Nonactivist Debate
419(26)
Economic Growth: The Importance of the Long Run
445(30)
PART FOUR International Economics: Trade, Exchange Rates, and the Balance of Payments475(64)
International Trade
477(33)
International Finance
510(29)
Glossary539(11)
Photo Credits550(1)
Index551

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