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Contemporary Economics

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ISBN-10: 0538437006

ISBN-13: 9780538437004

Edition: 5th 2005

Authors: William A. McEachern

List price: $110.95
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Contemporary Economics provides solid coverage of fundamental economic topics. Concentrating on the NCEE (National Council on Economic Education) standards, the text moves students from the basic question of ?What Is Economics?? through clear and visual explanations of demand, supply, market equilibrium, decision making, market institutions, the national economy, government?s role, public policy, and the international economy. This brand new high school instructional package combines comprehensive economic content, sound instructional design, and extensive print and media teaching tools. A wealth of print, video, electronic, and online resources make it simple to address varied learning…    
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Book details

List price: $110.95
Edition: 5th
Copyright year: 2005
Publisher: Cengage South-Western
Publication date: 2/3/2004
Binding: Hardcover
Pages: 720
Size: 8.50" wide x 10.75" long x 1.25" tall
Weight: 3.850
Language: English

Introduction to Economics
What is Economics?
The Economic Problem
Economic The ory
Opportunity Cost and Choice
Economic Systems and Economic Tools
Economic Questions and Economic Systems
Production Possibilities Frontier
Comparative Advantage
U.S. Private and Public Sectors
The U.S. Private Sector
Regulating the Private Sector
Public Goods and Externalities
Providing a Safety Net
The Market Economy
The Demand Curve
Elasticity of Demand
Changes in Demand
The Supply Curve
Shifts of the Supply Curve
Production and Cost
Market Forces
Price, Quantity, and Market Equilibrium
Shifts of Demand and Supply Curves
Market Efficiency and Gains from Exchange
Market Structure
Perfect Competition and Monopoly
Monopolistic Competition and Oligopoly
Antitrust, Economic Regulation, and Competition
Market Institutions
Sole Proprietorships and Partnerships
Corporations and Other Organizations
Labor Markets
Demand and Supply of Resources
Wage Determination
Labor Unions
Financial Markets and Business Growth
Production, Consumption, and Time
Banks, Interest, and Corporate Finance
Business Growth
The National Economy
Economic Performance
Gross Domestic Product
Limitations of GDP Estimation
Business Cycles
Aggregate Demand and Aggregate Supply
Economic Growth
The PPF, Economic Growth, and Productivity
Living Standards and Labor Productivity Growth
Issues of Technological Change
Economic Challenges
Economic Instability
Public Policy and the National Economy
Government Spending, Revenue, and Public Choice
Public Goods and Taxation
Federal, State, and Local Budgets
Economics of Public Choice
Fiscal Policy, Deficits, and Debt
The Evolution of Fiscal Policy
Fiscal Policy Reconsidered
Federal Deficits and Federal Debt
Money and Banking
Origins of Money
Origins of Banking Money, Near Money, and Credit Cards
Money Creation, the Federal Reserve System, and Monetary Policy
How Banks Work
Monetary Policy in the Short Run
Monetary Policy in Long Run
The International Economy
International Trade
Benefits of Trade
Trade Restrictions and Free-Trade Agreements
Balance of Payments
Foreign Exchange Rates
Economic Development
Developing Economies and Industrial Market Economies
Foreign Trade, Foreign Aid, and Economic Development
Rules of the Game, Transition Economies, and Convergence