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Economics by Example

ISBN-10: 0716769344
ISBN-13: 9780716769347
Edition: 2006
List price: $55.99 Buy it from $0.01
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Description: Lively, surprising, yet filled with solid economic content, "Economics by Example" is for students who want to understand why they should study economics while in the process of learning it. This concise paperback introduces economic principles in  More...

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Book details

List price: $55.99
Copyright year: 2006
Publisher: Worth Publishers, Incorporated
Publication date: 11/3/2006
Binding: Paperback
Pages: 352
Size: 7.50" wide x 9.25" long x 0.50" tall
Weight: 1.342
Language: English

Lively, surprising, yet filled with solid economic content, "Economics by Example" is for students who want to understand why they should study economics while in the process of learning it. This concise paperback introduces economic principles in the context of real-life applications, with much to say about how the economic way of thinking can improve students' decisions. "Economics by Example" was created to support traditional texts but it can also be used on its own, in courses requiring minimal mathematics or graphical analysis.

Introduction
What's to Love about Economics? Virtues of the Economic Way of Thinking
Why Did the Cashier Let Biff Henderson Eat All the Free Mints? An Introduction to the Power of Incentives
Supply and Demand
The Coffee Market's Hot; Why Are Bean Prices Not? Insights into Supply and Demand
Why Was the Great Newspaper Heist So Easy? Diminishing Marginal Utility and the Price Elasticity of Demand
Markets and Decisions
How Can Economics Influence Your Choice of a Spouse? Supply, Demand, and Price Signals in the Marriage Market
Is Adam Smith Rolling over in His Grave? Perfect Competition, Efficiency, and the Father of Modern Economics
Production
Why Are There More Members of a Band Than Professors in a Class? Diminishing Marginal Returns and the Demand for Labor
Could the Future Cost of Energy Change Life as We Know It? Production Costs and the Inescapable Demand for Energy
Consumer Choice
Why Is Cash the Ultimate Gift? Optimal Consumption, Deadweight Loss, and the Virtues of Flexible Spending
Why Should We Pay for What We Throw Away? Incentives for Efficiency from Pay-Per-Unit Pricing
Efficiency
Why Not Split the Check? A Briefing on Market Failure
How Gullible Are We? Information Problems and Their Applications to Schools of Economic Thought
Market Power
What's Behind the Music Industry's Woes? The Sound of Market Power
Wal-Mart: Friend or Foe? Economies of Scale, Low Prices, Low Wages, and Thinking outside the Box
Risk, Uncertainty, and the Market
What Is the Value of Human Life? Reasons and Methods for Placing Finite Values on Unidentified Human Lives
Do Potential Criminals Contemplate Their Fates? Making Incentives Matter in the Face of Risk and Uncertainty
Public Policy
Should Damage Awards in Lawsuits Be Capped? Benefits and Costs of Limiting the Burden of Litigation
What's to Love about Taxes? Free Riding on Public Goods, Deadweight Loss, and the Lesser of Two Evils
Technology and Innovation
Will Technology Put Us All Out of Work? Unemployment, Creative Destruction, and Quality of Life
Do Pharmaceutical Patents Cost Lives or Save Them? Balancing Incentives for Innovation with Prices More Disease Victims Can Afford
The Macroeconomy
Why Do We Neglect Leisure and Cheer for Divorce? The Divergence of Gross Domestic Product and Measures of Well-Being
Does the Money Supply Matter? Money, the Fed, and the Debate over Optimal Monetary Policy
Growth and Employment
What's to Like about Outsourcing? The Influence of International Labor Markets
Do Tree Huggers Deter Growth and Employment? Myths, Labor Markets, and Environmentalism
Macroeconomic Policy
How Much Debt Is Too Much? Expenditure Smoothing, Ricardian Equivalence, Crowding Out, and Investments for the Future
What Is the Role of Government? Political-Economic Systems, Snags in Private Solutions, and Remedies with a Role for Government
International Economics
Is Globalization a Bad Word? Comparative Advantage, Culture Clashes, and Organizations Meant to Make the Most of Global Markets
Why Are Some Nations Rich and Others Poor? Growth Models, Miracles, and the Determinants of Economic Development
Global Issues
Pollution: How Might Economics Help Save the Planet? Cap-and-Trade Programs as a Market Solution to Problems Large and Small
Immigration: How Welcoming Should Lady Liberty Be? The Costs and Benefits of Relatively Open Borders
Glossary
Index

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