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Economics is a subject you learn by doing.
Foundations of Economics breaks the mold of a traditional text and becomes a
practice-oriented learning system. Each chapter uses a Checklist to focus students’
attention on the most important key concepts. A discrete section introduces each of these
core concepts and is immediately followed by a Checkpoint, a full page of practice that
applies the concept. The result is a patient, confidence-building approach that prepares
students to use economics in their lives, regardless of what their future career will be.
Table of Contents
1. Getting Stated
2. The U.S. and Global Economies
3. The Economic Problem
4. Demand and Supply
5. Elasticities of Demand and Supply
6. Efficiency and Fairness of Markets
7. Government Actions in Markets
8. Taxes
9. Global Markets in Action
10. Public Goods and Public Choices
11. Externalities and The Environment
12. Consumer Choice and Demand
13. Production and Cost
14. Perfect Competition
15. Monopoly
16. Monopolistic Competition
17. Oligopoly
18. Markets for Factors of Production
19. Inequality and Poverty
20. GDP: A Measure of Total Production and Income
21. Jobs and Unemployment
22. The CPI and the Cost of Living
23. Potential GDP and the Natural Unemployment Rate
24. Economic Growth
25. Finance, Saving, and Investment
26. The Monetary System
27. Money, Interest, and Inflation
28. Aggregate Supply and Aggregate Demand
29. Aggregate Expenditure
30. The Short-Run Policy Tradeoff
31. Fiscal Policy
32. Monetary Policy
33. International Finance
984 pages, Paperback