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Economic Way of Thinking

Economic Way of Thinking - 12th edition

ISBN13: 978-0136039853

Cover of Economic Way of Thinking 12TH 10 (ISBN 978-0136039853)
ISBN13: 978-0136039853
ISBN10: 0136039855
Cover type: Paperback
Edition/Copyright: 12TH 10
Publisher: Prentice Hall, Inc.
Published: 2010
International: No

List price: $190.50

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Economic Way of Thinking - 12TH 10 edition

ISBN13: 978-0136039853

Paul Heyne

ISBN13: 978-0136039853
ISBN10: 0136039855
Cover type: Paperback
Edition/Copyright: 12TH 10
Publisher: Prentice Hall, Inc.

Published: 2010
International: No
Summary

Ideal for those with little or no background in economics, this book provides an in-depth discussion of a limited, but crucial set of economic principles and concepts--then applies these tools of analysis to a wide variety of familiar situations. It presents conceptually demanding material in an informal, lively, often witty fashion and prepares readers to be able to clarify, systematize, and make sense out of the economic "news" and "views" they encounter everyday in newspapers, political messages, etc. It covers sophisticated--but simple--economic theory and features extended applications that challenge customary ways of thinking. The Economic Way of Thinking. Substitutes Everywhere: The Concept of Demand. Opportunity Cost and the Supply of Goods. Supply and Demand: A Process of Cooperation. Supply and Demand: Issues and Applications. Efficiency, Exchange, and Comparative Advantage. Information, Middlemen, and Speculators. Price Setting and the Question of Monopoly. Price Searching. Competition and Government Policy. Profit. The Distribution of Income. Externalities and Conflicting Rights. Markets and Government. The Overall Performance of Economic Systems. The Supply of Money. Monetary and Fiscal Policies. National Policies and International Exchange. Employment and Unemployment. Promoting Economic Growth. Economic Performance and Political Economy. The Limitations of Economics. For anyone wanting an accessible introduction to economic principles and their application to everyday situations.

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