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Economics

ISBN-10: 0256222169

ISBN-13: 9780256222166

Edition: 4th 1997

Authors: David N. Hyman

List price: $73.25
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Book details

List price: $73.25
Edition: 4th
Copyright year: 1997
Publisher: McGraw-Hill Higher Education
Binding: Hardcover
Pages: 960
Size: 8.25" wide x 10.00" long x 1.25" tall
Weight: 3.432
Language: English

Special Features
Prologue
Introduction to Economics
Economics: What It's All About
Production Possibilities and Opportunity Cost
Supply and Demand: Markets and the Price System
Market Transactions: Basic Supply and Demand Analysis
Using Supply and Demand Analysis
The Price System: Free Markets and the Economy
Product Markets: Microeconomic Analysis
Elasticity of Supply and Demand
Consumer Choice and the Theory of Demand
The Business Firm: A Prologue to the Theory of Market Supply
Production and Cost
The Profit-Maximizing Firm and Market Supply
Long-Run Supply in Competitive Markets
Monopoly
Monopolistic Competition and Oligopoly
Government as a Regulator in Markets and as a Provider of Services: Microeconomic Analysis
Antitrust Policy and Regulation of Markets
Market Failure and the Role of Government in Allocating Resources
Externalities and the Environment: Policy Analysis
The Economics of Special-Interest Groups: Subsiding Agriculture and Industries
Public Choice, Government Spending, and Taxes
Input Markets and Incomes: Microeconomic Analysis
Input Markets and the Demand for Resources
Labor Markets, Labor Productivity, and Personnel Management
Imperfectly Competitive Input Markets: Labor Unions, Monopsony, and Bilateral Monopoly
Interest, Rents, and Profit
The Distribution of Income and the Economics of Poverty
Introduction to Macroeconomic Concepts
Gross National Product and the Performance of the National Economy
Business Cycles, Unemployment, and Economic Growth
The Price Level and Inflation
Aggregate Demand/Aggregate Supply
Aggregate Demand and Aggregate Supply
Using Aggregate Demand-Aggregate Supply Analysis to Understand Economic Fluctuations and Growth
Keynesian Analysis of Aggregate Purchases
Keynesian Analysis of Macroeconomic Equilibrium
Money, Financial Markets, and Macroeconomic Equilibrium
The Functions of Money
The Banking System
The Federal Reserve System and Its Influence on Money and Credit
Stabilizing the Economy
Stabilization of the Economy through Monetary Policy
Stabilization of the Economy through Fiscal Policy
The Federal Budget Deficit and the National Debt
Issues in Stabilization Policy: Inflation versus Unemployment and Rational Expectations
International Economic Issues
International Trade, Productivity, and the Economics of Less Developed Countries
The Economics of Foreign Exchange and the Balance of International Trade
Socialism and the Centrally Planned Economy
Glossary
Photo Credits
Index