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Thinking like an economist -- The power of economics -- Economics and life -- Specialization and exchange -- Supply and demand -- Markets -- Elasticity -- Efficiency -- Government intervention -- Microeconomics : thinking like a microeconomist -- Individual decisions -- Consumer behavior -- Behavioral economics : a closer look at decision making -- Game theory and strategic thinking -- Information -- Time and uncertainty -- Firm decisions -- The costs of production -- Perfect competition -- Monopoly -- Monopolistic competition and oligopoly -- The factors of production -- International trade -- Public economics -- Externalities -- Public goods and common resources -- Taxation and the public budget -- Poverty, inequality, and discrimination -- Political choices -- Public policy and choice architecture -- Macroeconomics : thinking like a macroeconomist -- The data of macroeconomics -- Measuring the wealth of nations -- The cost of living -- Economic growth and unemployment -- Economic growth -- Unemployment and the demand for labor -- The economy in the short and long run -- Aggregate demand and aggregate supply -- Fiscal policy -- The financial system and institutions -- The basics of finance -- Money and the monetary system -- Inflation -- Financial crisis -- International policy issues -- Open-market macroeconomics -- Development economics

This volume deals with both a new theoretical framework and the capability of new economics to tackle a number of economic problems. It offers detailed analysis and informed comment on the type of new economics emerging in the aftermath of the financial crisis and the 'great recession'.

"Welcome to the 23rd edition of Economics, America's most innovative-and popular-economics textbook. The financial crisis and the subsequent slow recovery increased both student and faculty demand for principles-level content geared toward explaining directly and intuitively why markets and governments fail-sometimes spectacularly-in delivering optimal social outcomes. To satisfy that demand, our presentation of market failures, government failure, and public choice theory has been significantly restructured in Chapters 4 and 5 to allow students to quickly absorb the key lessons regarding externalities, public goods provision, voting paradoxes, the special interest effect, and other problems that hinder either markets or governments from achieving optimal social outcomes."

Cover -- Table of Contents -- Banking System -- Behavioral Economics -- Capitalism -- Central Banking -- Classical Economics -- Commerce Department -- Computational Economics -- Consumer Price Index -- Consumer Spending -- Disposable Income -- Economic Modeling -- Economic Policy -- Economic Theories -- Energy Economics -- Environmental Economics -- Evolutionary Economics -- Experimental Economics -- Fair Trade -- Federal Reserve -- Federal Trade Commmission -- Fiscal Policies -- Free Trade -- Free Trade Agreements -- Global Economy -- Gross Domestic Product -- Gross National Product -- Hyperinflation -- Income Taxes -- Industrialisation -- Information Economics -- International Economics -- International Monetary Fund -- International Trade -- Investment Policy -- Keynesian Economics -- Labor Economics -- Laissez-Faire Economics -- Law And Economics -- Macroeconomics -- Mathematical Economics -- Microeconomics -- Monetary Policy -- Offshoring -- Poverty Level -- Price Indices -- Public Debt -- Quasi-Markets -- Real Estate Economics -- Recession -- Resource Economics -- Socialism -- Socioeconomics -- Standard Of Living -- Tariffs -- Trade Barriers -- Transport Economics -- Unemployment Rates -- Wage Rates -- Welfare Economics -- World Bank -- World Trade Organzation -- Additional Research -- Index.

This collection assesses the development of `Coasean Economics' - those aspects of economic analysis that have evolved out of the ground-breaking work of Ronald Coase. Two major strands of research can be identified here: law and economics and the New Institutional Economics. While both law and economics and the analysis of institutions by no means originated with or evolved solely from Coase's work, it is undeniable that his contributions, particularly in The Nature of the Firm and The Problem of Social Cost, played a major role in shaping the contemporary manifestations of these areas of inquiry. This volume focuses on the firm, the Coase theorem, and law and economics - those aspects of economic analysis with which Coase is most closely identified. Along with these come several essays on methodology and one on transitional economies, all against the underlying background of Coase's contributions and influence, and the implications of these for how we do economics. Taken together, this volume offers a unique perspective on `Coasean Economics' as well as on the potential future direction of economic analysis

Preface -- Ch 1 Overview Qualitative Economics (QE) - The Science of Economics -- Part I Philosophy of Science and the Lifeworld Traditions -- Ch 2 The Case for Rethinking the Foundation of Business Economics -- Ch 3 Understanding the Organization of Science -- Ch 4 History of Lifeworld Traditions -- Ch 5 Mead and Blumer - Social Theory and Symbolic Interactionism -- Part II Science of Economics through Linguistics -- Ch 6 The Study of Qualitative Economics -- Ch 7 The Science of Qualitative Economics -- Ch 8 Methodological and Theoretical Constructs -- Ch 9 Linguistics as a Science -- Ch 10 Everyday Economic Life -- Ch 11 Summary and Conclusions -- Appendix A: The European Union Circular Economy: The Transition Towards a Better Future -- Appendix B: Circular Economy and Strategic Approach to Raw Materials: An Important Challenge for Europe and the Rest of the World -- References -- Author Index -- Subject Index

Learn the basics of economics and keep up to date on our ever-changing economy. Whether you're studying economics in high school or college, or you're just interested in taking a peek into the complexities of how money moves, Economics For Dummies is the go-to reference that transforms complex economic concepts into easy-to-understand reading. With the simple explanations in this book, you'll master key topics like supply and demand, consumer behavior, and how governments and central banks attempt to avoid—or at least ameliorate—business downturns and recessions. Plus, you'll learn what's going on these days with inflation, interest rates, labor shortages, and the Federal Reserve. Studying for an exam? This Dummies guide has your back, with online practice and chapter quizzes to help you get the score you need. It's time to recon econ, the Dummies way. Economics For Dummies is an approachable reference book for students, as well as an informative guide for anyone interested in learning more about today's economy.

The twelfth edition of this classic text has built upon the success of previous editions and has been thoroughly updated and revised to give students a deeper understanding and appreciation of the core principles of Economics. Suitable for beginners, Economics is accessible but has a rigour that will stretch readers to achieve their full potential. In-depth explanations of key theoretical concepts are balanced with a wide range of real-world examples to help students understand and apply their knowledge. Online Resource Centre For students: - Self-test questions - Economics in the news - Interactive chapters - Web links - Flashcard glossary - Authors` blog For lecturers: - Animated PowerPoint slides - Instructor`s manual - Test bank - Figures from the text

Presents a guide to economics that covers such topics as leading economic indicators, fiscal and monetary policy, supply and demand, consumer behavior, the federal budget, business cycles, and the banking system

This volume deals with both a new theoretical framework and the application of new economics in a number of issues that test the capability of new economics to tackle a number of economic problems. It offers detailed analysis and informed comment on the type of new economics in the aftermath of the financial crisis and the 'great recession'