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Understanding Economics Today

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ISBN-10: 0256263248

ISBN-13: 9780256263244

Edition: 6th 1998

Authors: Gary M. Walton

List price: $28.44
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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.
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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

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
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