Economics [Global Edition] – Ebook PDF Instant Delivery – ISBN(s): 9781292430645,1292430648
Product details:
- ISBN-10 : 1292430648
- ISBN-13 : 978-1292430645
- Author:
For two-semester courses covering the principles of economics for students in business and economics.
The relevance of economics shown through real-world business examples
One of the challenges of teaching principles of economics is fostering interest in concepts, including opportunity cost, trade-offs, scarcity, and demand and supply that may not seem applicable to students’ lives. Economicsmakes these concepts relevant by demonstrating how real businesses apply them to make decisions every day. With ever-changing US and world economies, the 8th Edition has been updated with the latest developments using new real-world business and policy examples. Regardless of their future career path ― opening an art studio, trading on Wall Street, or bartending at the local pub, students will benefit from understanding the economic forces behind their work.
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Table of contents:
PART 1: INTRODUCTION
- 1. Economics: Foundations and Models
- Appendix: Using Graphs and Formulas
- 2. Trade-offs, Comparative Advantage, and the Market System
- 3. Where Prices Come From: The Interaction of Demand and Supply
- 4. Economic Efficiency, Government Price Setting, and Taxes
- Appendix: Quantitative Demand and Supply Analysis
PART 2: MARKETS IN ACTION: POLICY AND APPLICATIONS
- 5. Externalities, Environmental Policy, and Public Goods
- 6. Elasticity: The Responsiveness of Demand and Supply
- 7. The Economics of Health Care
PART 3: FIRMS IN THE DOMESTIC AND INTERNATIONAL ECONOMIES
- 8. Firms, the Stock Market, and Corporate Governance
- Appendix: Present Value
- Online Appendix: Tools to Analyze Firms’ Financial Information
- Comparative Advantage and the Gains from International Trade
PART 4: MICROECONOMIC FOUNDATIONS: CONSUMERS AND FIRMS
- 10. Consumer Choice and Behavioral Economics
- Appendix: Using Indifference Curves and Budget Lines to Understand Consumer Behavior
- 11. Technology, Production, and Costs
- Online Appendix: Using Isoquants and Isocost Lines to Understand Production and Cost
PART 5: MARKET STRUCTURE AND FIRM STRATEGY
- 12. Firms in Perfectly Competitive Markets
- 13. Monopolistic Competition: The Competitive Model in a More Realistic Setting
- 14. Oligopoly: Firms in Less Competitive Markets
- 15. Monopoly and Antitrust Policy
PART 6: LABOR MARKETS, PUBLIC CHOICE, AND THE DISTRIBUTION OF INCOME
- 16. The Markets for Labor and Other Factors of Production
- 17. Public Choice, Taxes, and the Distribution of Income
PART 7: MACROECONOMIC FOUNDATIONS AND LONG-RUN GROWTH
- 18. GDP: Measuring Total Production and Income
- 19. Unemployment and Inflation
- 20. Economic Growth, the Financial System, and Business Cycles
- 21. Long-Run Economic Growth: Sources and Policies
PART 8: SHORT-RUN FLUCTUATIONS
- 22. Aggregate Expenditure and Output in the Short Run
- Appendix: The Algebra of Macroeconomic Equilibrium
- 23. Aggregate Demand and Aggregate Supply Analysis
- Appendix: Macroeconomic Schools of Thought
PART 9: MONETARY AND FISCAL POLICY
- 24. Money, Banks, and the Federal Reserve System
- 25. Monetary Policy
- 26. Fiscal Policy
- Appendix: A Closer Look at the Multiplier
- 27. Inflation, Unemployment, and Federal Reserve Policy
PART 10: THE INTERNATIONAL ECONOMY
- 28. Macroeconomics in an Open Economy
- Online Appendix: The Gold Standard and the Bretton Woods System