Publication date 2006 Topics Microeconomics, Micro-economie Publisher Mason, OH : Thomson/South-Western Collection internetarchivebooks; printdisabled Contributor Internet Archive Language English Item Size 1.7G
xxvii, 505 pages : 28 cm
This microeconomics text is well known for using the Keynesian model in the teaching of economics; yet in recent editions, the authors have expanded coverage of the growth model considerably to achieve more balanced coverage. The text uses the aggregate supply/ aggregate demand model as a fundamental tool for learning macroeconomics. It achieves the right level of rigor and detail, presenting complicated concepts in a relatively straightforward manner and using timely economic data. Using puzzles, issues, and well-developed examples, the authors provide a good balance of theory to application
Includes bibliographical references and index
Kept up to date with 2007 update, issued in 2008
Part I. Getting Acquainted with Economics -- 1. What Is Economics? -- 2. The Economy: Myth and Reality -- 3. The Fundamental Economic Problem: Scarcity and Choice -- 4. Supply and Demand: An Initial Look -- Part II. The Building Blocks of Demand and Supply -- 5. Consumer Choice: Individual and Market Demand -- 6. Demand and Elasticity -- 7. Production, Inputs, and Cost: Building Blocks for Supply Analysis -- 8. Output, Price, and Profit: The Importance of Marginal Analysis -- 9. Investing in Business: Stocks and Bonds -- Part III. Markets and the Price System -- 10. The Firm and the Industry under Perfect Competition -- 11. Monopoly -- 12. Between Competition and Monopoly -- 13. Limiting Market Power: Regulation and Antitrust -- Part IV. The Virtues and Limitations of Markets -- 14. The Case for Free Markets I. The Price System -- 15. The Shortcomings of Free Markets -- 16. The Case for Free Markets II. Innovation and Growth -- 17. Externalities, the Environment and Natural Resources -- 18. Taxation and Resource Allocation -- Part V. The Distribution of Income -- 19. Pricing the Factors of Production -- 20. Labor: The Human Input -- 21. Poverty, Inequality, and Discrimination -- Part VI. The United States in the World Economy -- 22. International Trade and Comparative Advantage
obscured text at the back cover
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