Understanding Economics Today

Name: Understanding Economics Today
Price: 34.84 USD
Availability: InStock
ISBN: 9780256263244

ISBN-10: 0256263248

ISBN-13: 9780256263244

Edition: 6th 1998

Authors: Gary M. Walton

List price: $28.44

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Description:

Understanding Economics Today focuses on vital issues pertinent to current and perspective participants in the U.S. and global economy. This popular long-tested text applies basic economic reasoning to build understanding of how our complex commercial society operates. Economic principles, both micro and macro, are learned through repeated applications to real world events. The emphasis on the power of economic reasoning, rather than laborious technical jargon, positively motivates both students and teachers.

Book details

List price: $28.44
Edition: 6th
Copyright year: 1998
Publisher: McGraw-Hill Higher Education
Binding: Paperback
Size: 8.50" wide x 11.00" long x 0.50" tall
Weight: 1.100
Language: English



Microeconomics


The Economics of Personal and Social Choice


Scarcity and the Economic Problem


The First Law of Economics


The Law of Supply and Market Price


Shortages, Surpluses, and Prices


Production, Profits, and Marginal Analysis


Competition and Monopoly


Jobs and Wages


Market Failure and Government Failure


Trade Among Nations


Macroeconomics


National Economic Problems: Stagnation, Inflation, Unemployment, and Competitiveness


Overview of the National Economy: Cycles and the Circular Flow Model


Government Fiscal Actions and the Pace of the Economy


Money, Money, Money


The Fed and the Money Supply


Why Economists Disagree


Inflation and Unemployment


Rising Living Standards or Stagnation?


Issues in Stabilization Policy


The Exchange Rate and the Balance of Payments Answers to Multiple-Choice Self-Tests and Problems


Glossary


Index