9781439040249

EXPLORING ECONOMICS, Fifth Edition, was designed specifically to promote economic literacy and help readers appreciate how economics affects their everyday lives. This engaging book combines innovative learning tools, a visually appealing design, and captivating content to help readers easily absorb information and master key concepts. Packed with examples from current events and pop culture, EXPLORING ECONOMICS succeeds like no other book in conveying the excitement and real-world relevance of economics.

Introduction
The Role and Method of Economics
Appendix: Working With Graphs
The Economic Way of Thinking
Scarcity, Trade-Off, and Production Possibilities
Supply And Demand
Supply and Demand
Bringing Supply and Demand Together
Elasticities
Market Effciency, Market Failure, And The Public Sector
Market Efficiency and Welfare
Market Failure
Public Sector and Public Choice
Households And Market Structure
Consumer Choice Theory
Appendix: Indifference Curve Analysis
The Firm: Production and Costs
Firms in Perfectly Competitive Markets
Monopoly and Antitrust
Monopolistic Competition and Product Differentiation
Oligopoly and Strategic Behavior
Input Markets And Microeconomic Policy Issues
The Markets for Labor, Capital, and Land
Income and Poverty
The Environment
Health Care
Macroeconomic Foundations
Introduction to Macroeconomics: Unemployment, Inflation, and Economic Fluctuations
Measuring Economics Performance
Economic Growth in The Global Economy
Financial Markets, Saving, and Investment
The Macroeconomic Models
Aggregate Demand and Aggregate Supply
The Aggregate Expenditure Model
Macroeconomic Policy
Fiscal Policy
Monetary Institutions
The Federal Reserve System and Monetary Policy
Issues in Macroeconomic Theory and Policy
The Global Economy
International Trade
International Finance
Table of Contents provided by Publisher. All Rights Reserved.

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Exploring Economics

Exploring Economics

1439040249

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Table of Contents

Supplemental Materials