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Readable, sensible, and interesting, SURVEY OF ECONOMICS, Seventh Edition gives you the tools you need to understand the impact of economics in your own world! This renowned book presents the basics of economics in the context of real-world situations in order to show you how economic issues play out at national and international levels. Discussions of relevant topics in economics are found throughout such as privatization versus nationalization, social security, carbon emissions, social-networking sites, America's housing bubble, and gasoline prices. Designed with the reader in mind, SURVEY OF ECONOMICS provides you with a solid understanding of basic economic principles so that you can make more informed decisions as both a professional and a consumer.
Table of Contents
Introduction to Economics
Introducing the Economic Way of Thinking
Appendix to Chapter 1: Applying Graphs to Economics
Production Possibilities and Opportunity Cost
Market Demand and Supply
Markets in Action
Appendix to Chapter 4: Applying Supply and Demand Analysis to Health Care
Price Elasticity of Demand
Monopolistic Competition and Oligopoly Chapter
Labor Markets and Income Distribution
The Macroeconomy and Fiscal Policy
Gross Domestic Product
Business Cycles and Unemployment
Aggregate Demand and Supply
Appendix to Chapter 14: the Self-Correcting Aggregate Demand and Supply Model
The Public Sector
Federal Deficits, Surpluses, and the National Debt
Money, Banking, and Monetary Policy
Money and the Federal Reserve System
The International Economy
International Trade and Finance
Economics in Transition
Growth and the Less-Developed Countries
Table of Contents provided by Publisher. All Rights Reserved.