Principles of Economics

Principles of Economics

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For two-semester courses in Principles of Economics. Written by an award-winning educator and a highly respected macroeconomist, the text is built on the pioneering "stories, graphs, and equations" pedagogy that's successfully made economics accessible and relevant to all types of students. Student-friendly yet rigorous, this best-selling text helps the student integrate the theory, issues, and policies into an "economic way of thinking." Known for it's lively writing style, clear explanations, international perspective, well-crafted graphs, relevant examples, and unparalleled supplements package, the text supports both the instructor and student through this first, often difficult, course in Economics.show more

Product details

  • Hardback | 992 pages
  • 215.9 x 256.54 x 43.18mm | 2,063.83g
  • Pearson Education (US)
  • Upper Saddle River, United States
  • English
  • US ed
  • Illustrations(some col.)
  • 0130957100
  • 9780130957108

Table of contents

(NOTE: Principles of Economics, 5/e includes Chapters 1-38; Principles of Microeconomics, 5/e includes Chapters 1-20, 35, 37, 38; Principles of Macroeconomics, 5/e includes Chapters 1-4, 5 (abridged), 21-38)I. INTRODUCTION TO ECONOMICS. 1. The Scope and Method of Economics. 2. The Economic Problem: Scarcity and Choice. 3. The Structure of the U.S. Economy: The Private, Public, and International Sectors. 4. Demand, Supply, and Market Equilibrium. 5. The Price System, Supply and Demand, and Elasticity. MICROECONOMICS.II. FOUNDATIONS OF MICROECONOMICS: CONSUMERS AND FIRMS. 6. Household Behavior and Consumer Choice. 7. The Production Process: The Behavior of Profit-Maximizing Firms. 8. Short-Run Costs and Output Decisions. 9. Costs and Output Decisions in the Long Run. 10. Input Demand: The Labor and Land Markets. 11. Input Demand: The Capital Market and the Investment Decision. 12. General Equilibrium and the Efficiency of Perfect Competition. III. MARKET IMPERFECTIONS AND THE ROLE OF GOVERNMENT. 13. Monopoly. 14. Monopolistic Competition and Oligopoly. 15. Antitrust Policy and Regulation. 16. Externalities, Public Goods, Imperfect Information and Social Choice. 17. Income Distribution and Poverty. IV. CURRENT MICROECONOMIC ISSUES. 18. Public Finance: The Economics of Taxation. 19. The Economics of Labor Markets and Labor Unions. 20. Current Topics in Applied Microeconomics: Health Care, Immigration, and Urban Problems. MACROECONOMICS.V. CONCEPTS AND PROBLEMS IN MACROECONOMICS. 21. Introduction to Macroeconomics. 22. Measuring National Output and National Income. 23. Macroeconomic Concerns: Unemployment, Inflation, and Growth. VI. MACROECONOMIC PRINCIPLES AND POLICY. 24. Aggregate Expenditure and Equilibrium Output. 25. The Government and Fiscal Policy. 26. The Money Supply and the Federal Reserve System. 27. Money Demand, the Equilibrium Interest Rate, and Monetary Policy. VII. MACROECONOMIC ANALYSIS AND ISSUES. 28. Money, the Interest Rate, and Output: Analysis and Policy. 29. Aggregate Demand, Aggregate Supply, and Inflation. 30. The Labor Market, Unemployment, and Inflation. 31. Deficit Reduction, Fed Behavior, Stabilization, Stock Market Effects, and Macro Issues Abroad. 32. Household and Firm Behavior in the Macroeconomy. VIII. DEBATES IN MACROECONOMICS AND ECONOMIC GROWTH. 33. Debates in Macroeconomics: Monetarism New Classical Theory, and Supply-Side Economics. 34. Economic Growth and Productivity. INTERNATIONAL ECONOMICS.IX. THE GLOBAL ECONOMY. 35. International Trade, Comparative Advantage and Protectionism. 36. Open-Economy Macroeconomics: The Balance of Payments and Exchange Rates. 37. Economic Growth in Developing Nations. 38. Economies in Transition and Alternative Economic Systems.show more

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78 ratings
3.73 out of 5 stars
5 37% (29)
4 26% (20)
3 22% (17)
2 4% (3)
1 12% (9)
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