Microeconomics 2007 Principles and Policy

ISBN-10: 0324537018
ISBN-13: 9780324537017
Edition: 10th 2008 (Revised)
List price: $229.95
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Description: This text is well known for using the Keynesian model in the teaching of economics; yet in the 2007 Update edition, the authors have expanded coverage of the growth model considerably to achieve more balanced coverage making the content more  More...

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Book details

List price: $229.95
Edition: 10th
Copyright year: 2008
Publisher: Cengage South-Western
Publication date: 6/20/2007
Binding: Paperback
Pages: 552
Size: 8.25" wide x 10.50" long x 0.75" tall
Weight: 2.442
Language: English

This text is well known for using the Keynesian model in the teaching of economics; yet in the 2007 Update edition, the authors have expanded coverage of the growth model considerably to achieve more balanced coverage making the content more accessible for the students. 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 allowing students to relate the materials to their every day lives. In addition, a well respected study guide, ThomsonNOW, and student website are available at study aides.

Alan S. Blinder earned his B.A. at Princeton University, his M.A. at the London School of Economics and Ph.D. at MIT. He teaches at Princeton University and is the author of the best seller, After the Music Stopped, about the financial crisis and its aftermath. Dr. Blinder served on President Clinton's first Council of Economic Advisers and then as vice chairman of the Federal Reserve Board, thereby playing a role in formulating both the fiscal and monetary policies of the 1990s. Dr. Blinder, now a regular columnist for THE WALL STREET JOURNAL, has written newspaper and magazine columns on economic policy for more than thirty years. He is a past Vice President and a Distinguished Fellow of the American Economic Association.

Getting Acquainted With Economics
What Is Economics?
The Economy: Myth and Reality
The Fundamental Economic Problem: Scarcity and Choice
Supply and Demand: An Initial Look
The Building Blocks Of Demand And Supply
Consumer Choice: Individual and Market Demand
Demand and Elasticity
Production, Inputs, and Cost: Building Blocks for Supply Analysis
Output, Price, and Profit: The Importance of Marginal Analysis
The Economics of the Stock Market
Markets and the Price System
The Firm and the Industry under Perfect Competition
Monopoly
Between Competition and Monopoly
Limiting Market Power: Regulation and Antitrust
The Virtues and Limitations of Markets
The Price System and the Case for Free Markets
The Market Mechanism: Shortcomings and Remedies
Innovation and Growth: The Free Market's Greatest Triumph
Externalities, the Environment and Natural Resources
Taxation and Resource Allocation
The Distribution of Income
Pricing the Factors of Production
Labor: The Human Input
Poverty, Inequality, and Discrimination

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