Known for its flexibility,
this text can be used in a one-term survey of economics, or an economics issues course.
This text is ideal for
issues-oriented courses that teach essential economic principles. Current issues and core
principles of mainstream economics are presented in an intuitive manner that captures and
holds student interest. The text systematically combines this presentation with a wealth
of relevant, up-to-date applications that students can relate to.
Contents
I. A JOURNEY THROUGH THE
ECONOMY.
1. The Economic Perspective.
2. Production and Trade.
3. Demand and Supply.
4. The Power of Prices.
II. THE ENERGY OF THE
MARKETPLACE.
5. The Firm.
6. The Price Taker.
7. Market Power.
8. Earnings and Income Distribution.
III. MARKET FAILURE AND
GOVERNMENT ACTION.
9. Public Goods and the
Environment.
10. Public Choice.
IV. THE MACRO ECONOMY.
11. Output, Employment, and
the Price Level.
12. A Framework for Macroeconomic Analysis.
V. MACRO POLICY CHOICES.
13. Money and Monetary
Policy.
14. Fiscal Policy.
15. The Income-Expenditure Model.
16. Economic Growth.
VI. THE GLOBAL ECONOMY.
17. Exchange Rates and
International Trade.
420 pages