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Understanding Economics Today

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ISBN-10: 0256246513

ISBN-13: 9780256246513

Edition: 6th 1998

Authors: Gary M. Walton, Frank C. Wykoff

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Book details

Edition: 6th
Copyright year: 1998
Publisher: McGraw-Hill School Education Group
Binding: Paperback
Size: 7.25" wide x 9.25" long x 0.50" tall
Weight: 1.628
Language: English

The Economics of Personal and Social Choicep. 4
Scarcity and the Economic Problemp. 20
The First Law of Economicsp. 44
The Law of Supply and Market Pricep. 66
Shortages, Surpluses, and Pricesp. 86
Production, Profits, and Marginal Analysisp. 108
Competition and Monopolyp. 128
Jobs and Wagesp. 146
Market Failure and Government Failurep. 166
Trade among Nationsp. 192
National Economic Problems: Stagnation, Inflation, Unemployment, and Competitivenessp. 216
Overview of the National Economy: Cycles and the Circular Flow Modelp. 238
Government Fiscal Actions and the Pace of the Economyp. 258
Money, Money, Moneyp. 286
The Fed and the Money Supplyp. 304
Why Economists Disagreep. 326
Inflation and Unemploymentp. 354
Rising Living Standards or Stagnation?p. 376
Issues in Stabilization Policyp. 398
The Exchange Rate and the Balance of Paymentsp. 416
Answers to Multiple-Choice Self-Tests and Problemsp. 438
Glossaryp. 449
Indexp. 465
Table of Contents provided by Blackwell. All Rights Reserved.