Suchergebnisse

Preface -- Introduction to economics and the economy -- Limits, alternatives, and choices -- The market system and the circular flow -- Price, quantity, and efficiency -- Demand, supply, and market equilibrium -- Market failures: public goods and externalities -- Government's role and government failure -- Consumer behavior -- Elasticity -- Utility maximization -- Behavioral economics -- Microeconomics of product markets -- Businesses and the costs of production -- Pure competition in the short run -- Pure competition in the long run -- Pure monopoly -- Monopolistic competition and oligopoly -- Microeconomics of resource markets and government -- The demand for resources -- Wage determination -- Rent, interest, and profit -- Natural resource and energy economics -- Public finance: expenditures and taxes -- Microeconomic issues and policies -- Antitrust policy and regulation -- Agriculture: economics and policy -- Income inequality, poverty, and discrimination -- Health care -- Immigration -- International economics -- International trade -- The balance of payments, exchange rates, and trade deficits -- Glossary

Introduction to economics and the economy -- Limits, alternatives, and choices -- The market system and the circular flow -- Price, quantity, and efficiency -- Demand, supply, and market equilibrium -- Market failures : public goods and externalities -- Government's role and government failure -- Consumer behavior -- Elasticity -- Utility maximization -- Behavioral economics -- Microeconomics of product markets -- Businesses and the costs of production -- Pure competition in the short run -- Pure competition in the long run -- Pure monopoly -- Monopolistic competition and oligopoly -- Microeconomics of resource markets and government -- The demand for resources -- Wage determination -- Rent, interest, and profit -- Natural resource and energy economics -- Public finance : expenditures and taxes -- Microeconomic issues and policies -- Antitrust policy and regulation -- Agriculture : economics and policy -- Income inequality, poverty, and discrimination -- Health care -- Immigration -- Gdp, growth, and instability -- An introduction to macroeconomics -- Measuring domestic output and national income -- Economic growth -- Business cycles, unemployment, and inflation -- Macroeconomic models and fiscal policy -- Basic macroeconomic relationships -- The aggregate expenditures model -- Aggregate demand and aggregate supply -- Fiscal policy, deficits, and debt -- Money, banking, and monetary policy -- Money, banking, and financial institutions -- Money creation -- Interest rates and monetary policy -- Financial economics -- Extensions and issues -- Extending the analysis of aggregate supply -- Current issues in macro theory and policy -- International economics -- International trade -- The balance of payments, exchange rates, and trade deficits -- Glossary -- Index

"Over the years, numerous instructors have requested a short, one-semester version of Economics that would cover both microeconomics and macroeconomics. While some other two-semester books simply eliminate chapters, renumber those that remain, and offer the "cut and splice" version as a customized book, this methodology does not fit with our vision of a tightly focused, highly integrated book. We built this text from scratch, incorporating the core content from Economics in a format designed specifically for the one-semester course. This book has the clear and careful language and the balanced approach that has made its two-semester counterpart a best-seller, but the pedagogy and topic discussion are much better suited to the needs of the one-semester course. We think Essentials of Economics will fit nicely in various one-term courses. It is sufficiently lively and focused for use in principles courses populated primarily by non-business majors. Also, it is suitably analytical and comprehensive for use in combined micro and macro principles courses for business and potential economics majors. Finally, we think this book-if supplemented with appropriate lecture and reading assignments-will work well in refresher courses for students returning to MBA programs."