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Foundations of Economics

Foundations of Economics - 3rd edition

ISBN13: 978-0321397881

Cover of Foundations of Economics 3RD 07 (ISBN 978-0321397881)
ISBN13: 978-0321397881
ISBN10: 0321397886
Cover type:
Edition/Copyright: 3RD 07
Publisher: Addison-Wesley Longman, Inc.
Published: 2007
International: No

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Foundations of Economics - 3RD 07 edition

ISBN13: 978-0321397881

Robin Bade and Michael Parkin

ISBN13: 978-0321397881
ISBN10: 0321397886
Cover type:
Edition/Copyright: 3RD 07
Publisher: Addison-Wesley Longman, Inc.

Published: 2007
International: No
Summary

This text comes packaged with an access kit for the new easy-to-use format of MyEconLab, which requires no set-up by the professor. With this, students can access practice problems for each chapter in the book, graphing questions, learning resources, and live tutoring. Professors who plan to use advanced course management online should order the book with MyEconLab in CourseCompass. View 'Alternate Versions' of this book on the web catalog page, or contact your local representative for details.

Research shows the best way to learn is to put concepts to work with repeated practice. For this reason, frequent, quality practice is the cornerstone of the tightly-knit Foundations of Economics learning system, building student success in economics by doing economics.

First, student attention is focused on what to study through a Checklist of clearly defined core concepts in each chapter. Section by section, Checkpoints demonstrate how to study by stepping through a Practice Problem and then engaging students with a parallel Exercise. In addition, the Third Edition addresses why we study economics through a new feature, Reality Check. With Foundations of Economics, students are taught to view economics as a skill to be honed rather than a collection of topics to be memorized.

Table of Contents

I. INTRODUCTION.

1. Getting Started.
Appendix: Making and Using Graphs.
2. The U.S. and Global Economics Economy.
3. The Economic Problem.
4. Demand and Supply.

II. A CLOSER LOOK AT MARKETS.

5. Elasticities of Demand and Supply.
6. Efficiency and Fairness of Markets.

III. HOW GOVERNMENTS INFLUENCE THE ECONOMY.

7. Price Ceilings and Price Floors
8. Taxes.
9. Externalities.
10. Public Goods and Common Resources.

IV. A CLOSER LOOK AT DECISION MAKERS.

11. Consumer Choice and Demand.
Appendix. Indifference Curves.
12. Production and Cost.

V. PRICES, PROFITS, AND INDUSTRY

13. Perfect Competition.
14. Monopoly.
15. Monopolistic Competition.
16. Oligopoly.
17. Regulation and Antitrust Law.

VI. HOW INCOMES ARE DETERMINED.

18. Demand and Supply in Factor Markets.
19. Inequality and Poverty.

VII. MONITORING THE MACROECONOMY.

20. GDP and the Standard of Living.
21. Jobs and Unemployment.
22. The CPI and the Cost of Living.

VIII. THE REAL ECONOMY.

23.Potential GDP and the Natural Unemployment Rate.
24. Investment and Saving.
25. Economic Growth.

IX. THE MONEY ECONOMY.

26. Money and the Monetary System.
27. Money Creation and Control.
28. Money, Interest, and Inflation.

X. ECONOMIC FLUCTUATIONS.

29. AS-AD and the Business Cycle.
30. Aggregate Expenditure.
31. Fiscal and Monetary Policy Effects.
32. The Short-Run Policy Tradeoff.
33. Fiscal and Monetary Policy Debates.

XI. THE GLOBAL ECONOMY.

34. International Trade.
35. International Finance.

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