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Economics: Private and Public Choice

Economics: Private and Public Choice - 12th edition

ISBN13: 978-0324580181

Cover of Economics: Private and Public Choice 12TH 09 (ISBN 978-0324580181)
ISBN13: 978-0324580181
ISBN10: 0324580185
Cover type: Hardback
Edition/Copyright: 12TH 09
Publisher: South-Western Publishing Co.
Published: 2009
International: No

List price: $454.50

Economics: Private and Public Choice - 12TH 09 edition

ISBN13: 978-0324580181

James D. Gwartney

ISBN13: 978-0324580181
ISBN10: 0324580185
Cover type: Hardback
Edition/Copyright: 12TH 09
Publisher: South-Western Publishing Co.

Published: 2009
International: No
Summary

ECONOMICS: PRIVATE AND PUBLIC CHOICE includes many more engaging elements-such as scenes from popular movies and applications of economic theory to real-world issues-to help you see how these theories apply to the world around you. Each chapter has been updated to reflect today's market, including analysis and explanation of measures of current economic activity. You'll also find highlights of the lives of notable economists and how they contributed to the thinking that shapes our markets today. Common economic myths are dispelled, and the "invisible hand" metaphor is applied to economic theory, demonstrating how it's working even today to stimulate the economy.

Table of Contents

Part 1: THE ECONOMIC WAY OF THINKING. 1. The Economic Approach. 2. Some Tools of the Economist.

Part 2: MARKETS AND GOVERNMENT. 3. Supply, Demand, and the Market Process. 4. Supply and Demand: Applications and Extensions. 5. Difficult Cases for the Market and the Role of Government. 6. The Economics of Collective Decision Making.

Part 3: CORE MACROECONOMICS. 7. Taking the Nation�s Economic Pulse. 8. Economic Fluctuations, Unemployment, and Inflation. 9. An Introduction to Basic Macroeconomic Markets. 10. Economic Instability. 11. Fiscal Policy. 12. Money and the Banking System. 13. Modern Macroeconomics: The Monetary System. 14. Stabilization Policy, Output, and Employment. 15. Creating an Environment for Growth and Prosperity. 16. Institutions, Policies, and Cross-Country Differences in Income and Growth.

Part 4: INTERNATIONAL ECONOMICS. 17. Gaining from International Trade. 18. International Finance and the Foreign Exchange Market. (macro split only)

Part 5: CORE MICROECONOMICS. 19. Consumer Demand and Elasticity. 20. Costs and the Supply of Goods. 21. Price Takers and the Competitive Process. 22. Price-Searcher Markets with Low Entry Barriers. 23. Price-Searcher Markets with High Entry Barriers. 24. The Supply of and Demand for Productive Resources. 25. Earnings, Productivity, and the Job Market. 26. Investment, the Capital Market, and the Wealth of Nations. 27. Income Inequality and Poverty.

Part 6: APPLYING THE BASICS. Special Topics.