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Basic Economics

Basic Economics - 13th edition

ISBN13: 978-0324164800

Cover of Basic Economics 13TH 04 (ISBN 978-0324164800)
ISBN13: 978-0324164800
ISBN10: 0324164807
Edition: 13TH 04
Copyright: 2004
Publisher: South-Western Publishing Co.
Published: 2004
International: No

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Basic Economics - 13TH 04 edition

ISBN13: 978-0324164800

Frank V. Mastrianna and Thomas J. Hailstones

ISBN13: 978-0324164800
ISBN10: 0324164807
Edition: 13TH 04
Copyright: 2004
Publisher: South-Western Publishing Co.
Published: 2004
International: No

This very successful thirteenth edition text provides a streamlined, straightforward introduction to basic macro and microeconomic topics. Its concise 19-chapter format can easily be covered in one quarter or one semester, and is ideal for instructors who wish to supplement the core textbook with additional reading materials.


  • Core Material Focus: Since most students using this book do not continue their formalized study of economics beyond this course, sophisticated analytical techniques, mathematical exercises, and complex theoretical treatments are not included. Only those tools deemed useful to the understanding of policy issues are presented.
  • Concise Format: This text conveys the material in a streamlined and accessible 19-chapter format.
  • NEW!-Online Applications: This text includes complimentary access to South-Western-s Economic Applications ("e-con @pps") Web site with every new copy. This site includes a suite of highly-acclaimed and content-rich dynamic Web features developed specifically for economics classrooms: EconNews Online, EconDebate Online, and EconData Online. Economic Applications icons within the text tie the printed subject matter to relevant "e-con @pps" online features.
  • NEW!-Updated Topics and Events: New coverage includes a discussion on economic growth, how economics relates to other sciences, and the effects of September 11th, 2001.
  • NEW!-Reorganized Table of Contents: A new organization (particularly in the macro material) allows instructors to cover topics in a more logical way.
  • NEW!-Relevant Examples: All antitrust cases are updated to include recent economic topics of interest for today's student.
  • NEW!-Simplified Summaries: Each end-of-chapter summary section is now bullet pointed for easier use and clarity.
  • Internet Features: "Netlink" margin notes in every chapter provide students with the opportunity to explore Web sites that contain additional information on specific topics.

Table of Contents

1.The Nature and Scope of Economics.
2.Scarcity and Choice.
3.The U.S. Economic System.
4. Price: The Role of Demand and Supply.
5. Production, Cost, and Profit.
6. Perfect ompetition.
7. Imperfect Competition.
8. The Circular Flow Model.
9. Measuring Output and Income in the United States.
10. Money in the U.S. Economy.
11. The Federal Reserve and the Money Supply.
12. Macroeconomic Models and Analysis.
13. Employment.
14. Income Distribution.
15. Business Cycles.
16. Macroeconomic Policies.
17. Taxation, Budgetary Policies and the National Debt.
18. International Trade and Aid.
19. The Balance of International Payments.

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