Principles of Economics

Principles of Economics

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Based on the belief that economics is a way of thinking, this text motivates students with clear explanations, good graphs, lively writing, and interesting and relevant examples. This edition features a logical organization of topics, an accessible presentation, and a hands- on focus to help students learn how to solve problems and think analytically. The abundance of real- world examples and coverage of current issues both show students how relevant economic concepts are to their lives and their world. A comprehensive, high-quality, ancillary package is available, providing all the tools necessary to encourage critical thinking.
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Product details

  • Hardback | 1040 pages
  • 218 x 258 x 44mm | 2,240.73g
  • Pearson
  • United States
  • English
  • 3rd edition
  • 0130958867
  • 9780130958860

Table of contents

(NOTE: Principles of Economics includes Chapters 1-39; Principles of Microeconomics includes Chapters 1-20, 36-39; and Principles of Macroeconomics includes Chapters 1-5, 21-39.) INTRODUCTION. 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 Behavior of Profit-Maximizing Firms and the Production Process. 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. 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 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. The Location of Economic Activity: Urban and Regional Economics. MACROECONOMICS V. CONCEPTS AND PROBLEMS IN MACROECONOMICS. 21. Introduction to Macroeconomics. 22. Measuring National Output and National Income. 23. Macroeconomic Problems: Unemployment and Inflation. VI. MACROECONOMIC PRINCIPLES AND POLICY. 24. Aggregate Expenditure and Equilibrium Output. 25. The Government and Fiscal Policy. 26. The Supply of Money and the Federal Reserve System. 27. The Demand for Money, the Equilibrium Interest Rate, and Monetary Policy. VII. MACROECONOMIC ANALYSIS AND ISSUES. 28. Money, the Interest Rate, and National Income: Analysis and Policy. 29. Aggregate Demand, Aggregate Supply, and Inflation. 30. The Labor Market, Unemployment, and Inflation. 31. The Budget Deficit, Stabilization Policy, and Other Macroeconomic Issues. VIII. HOUSEHOLD AND FIRM BEHAVIOR IN THE MACROECONOMY: A CLOSER LOOK. 32. Household and Firm Behavior in the Macroeconomy. 33. Further Topics in Macroeconomic Analysis. IX. DEBATES IN MACROECONOMICS AND ECONOMIC GROWTH. 34. Debates in Macroeconomics: Monetarism, New Classical Theory, and Supply-Side Economics. 35. Economic Growth. INTERNATIONAL ECONOMICS. X. THE GLOBAL ECONOMY. 36. International Trade, Comparative Advantage, and Protectionism. 37. Open-Economy Macroeconomics: The Balance of Payments and Exchange Rates. 38. Economic Growth in Developing Nations. 39. Alternative Systems, the Collapse of Communism, and the Road to Economic Reform. Glossary. Index. Photo Credits. Principles of Economics, 3/E:
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