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Economics

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ISBN-10: 0618101470

ISBN-13: 9780618101474

Edition: 3rd 2001

Authors: Roger Taylor

List price: $130.36
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Book details

List price: $130.36
Edition: 3rd
Copyright year: 2001
Publisher: CENGAGE Learning
Publication date: 12/18/2000
Binding: CD-ROM 
Pages: 772
Weight: 4.092
Language: English

Introduction to Economics
The Central Idea Scarcity and Choice for Individuals Scarcity and Choice for the Economy as a Whole Market Economics and the Price System
Observing and Explaining the Economy Case Study:
What's Happening in the Biggest Industry in America?
Economic Models The Impact of Economics on Public Policy
The Supply and Demand Model Demand Supply Market Equilibrium:
Combining Supply and Demand Case Study:
Using the Supply and Demand Model Elasticity of Demand and Supply
Elasticity and Its Uses Case Study:
Why the Size of the Elasticity of Demand Is Important
Working with Demand Elasticities Working with Supply Elasticities
Principles of Microeconomics
The Demand Curve and the Behavior of Consumers Utility and Consumer Preferences
The Budget Constraint and Utility Maximization Willingness to Pay and the Demand Curve
The Market Demand Curve Consumer Surplus
The Supply Curve and the Behavior of Firms Case Study
Your Own Firm The Firm's Profits Profit Maximization and the Individual Firm's Supply Curve Producer Surplus
The Interaction of People in Markets Individual Consumers and Firms in a Market Case Study
A Double-Auction Market Are Competitive Markets Efficient?
Mesuring Waste from Inefficiency
The Deadweight Loss from Taxation Informational Efficiency
The Economics of the Firm
Costs and the Changes at Firms Over Time Case Study
Finding Average Cost at an Individual Firm Average Cost Curves Costs and Production
The Short Run Costs and Production
The Long Run Economies of Scale
The Rise and Fall of Industries
A Look at Different Industries
The Long-Run Competitive Equilibrium Model of an Industry Case Study
How Does the Model Explain the Facts?
Minimum Costs per Unit and the Efficient Allocation of Capital External Economies and Diseconomies of Scale
Monopoly
A Model of Monopoly
The Generic Diagram of a Monopoly and Its Profits
Competition, Monopoly, and Deadweight Loss
Why Monopolies Exist Price Discrimination
Product Differentiation, Monopolistic Competition, and Oligopoly Product Differentiation
Monopolistic Competition Oligopoly Measures of Market Power
Antitrust Policy and Regulation
Antitrust Policy Regulating Natural Monopolies To Regulate or Not to Regulate
Markets, Income Distribution, and Public Goods
Labor Markets Case Study
The Recent Wage Boom Labor Demand
Labor Supply Explaining Wage Differences
Wage Payments and Incentives Labor Unions
Taxes, Transfers, and Income Distribution
The Tax System Transfer Payments
The Distribution of Income in the United States
Public Goods, Externalities, and Government Behavior
Public Goods
Cost-Benefit Analysis Externalities: From the Environment to Education Remedies for Externalities Models of Government Behavior
Physical Capital and Financial Markets
Capital Market Terminology
Markets for Physical Capital Stock and Bond Markets
Risk versus Return
The Foreign Exchange Market
Principles of Macroeconomics
Macroeconomics: The Big Picture Real GDP over Time Unemployment, Inflation, and Interest Rates
Macroeconomic Theory and Policy
Measuring the Production, Income, and Spending of Nations
Measuring GDP Net Exports Equals Saving minus Investment
Real GDP and Nominal GDP
Shortcomings of the GDP Measure
The Spending Allocation Model
The Spending Shares
The Effect of Interest Rates on Spending Shares
Determining the Equilibrium Interest Rate
Case Study: Shifts in Government Purchases and Consumption
The National Saving Rate
Unemployment and Employment
Unemployment and Other Labor Market Indicators
The Nature of Unemployment Explaining
Unemployment and Employment Trends
Case Study: Unemployment Among Young People Throughout the World
Productivity and Economic Growth
Labor and Capital Without Technology
Labor and Capital with Technology
The Growth Accounting Formula
Case Study: Growth Accounting in Practice Technology Policy
Money and Inflation
What Is Money?
The Fed, the Banks, and the Link from Reserves to Deposits
How the Fed Controls the Money Supply: Currency plus Deposits
Money Growth and Inflation
Economic Fluctuations and Macroeconomic Policy
The Nature and Causes of Economic Fluctuations Changes in Aggregate Demand
First Lead to Changes in Production
Forecasting Real GDP
The Response of Consumption to Income
Finding Real GDP When Consumption and Income
Move Together Spending Balance and Departures of Real GDP from Potential GDP
The Economic Fluctuations Model
The Aggregate Demand Curve
The Inflation Adjustment Line Combining the Aggregate Demand Curve and the Inflation Adjustment Line
Using the Economic Fluctuations Model Changes in Government Purchases
Changes in Monetary Policy Price Shocks
Case Study: The 1990–1991 Recession
Fiscal Policy
The Government Budget Countercyclical Fiscal Policy
The Structural versus the Cyclical Surplus
Monetary Policy
Why Are Central Banks Independent?
Case Study: Trying to Bring the Aggregate Demand Curve into Line in 2000
Money and Other Instruments of Monetary Policy
The Exchange Rate and Monetary Policy
Trade and Global Markets
Economic Growth Around the World Catching Up or Not?
Economic Development Spreading and Using Technology Increasing Capital per Worker
The Gains from International Trade
Recent Trends in International
Trade Reasons for Comparative Advantage Gains from Expanded Markets
International Trade Policy Tariffs, Quotas, and VRAs
The History of Trade Restrictions
Arguments for Trade Barriers How to Reduce Trade Barriers
Emerging Market Economies What Were Centrally Planned Economies Like?
Economic Transition Theory Economic Transition in Practice Advanced Topics
Reading, Understanding, and Creating Graphs Visualizing Observations with Graphs Visualizing Models with Graphs
Consumer Theory with Indifference Curves The Budget Line The Indifference Curve
Producer Theory with Isoquants Combining of Capital and Labor Minimizing Costs for a Given Quantity
Present Discounted Value Discounting the Future Finding the Present Discounted Value
The Miracle of Compound Growth How Compound Growth Works Plotting Growing Variables
Deriving the Growth Accounting Formula
Deriving the Formula for the Keynsian Multiplier A Graphical Review The Algebraic Derivation
The Forward-Looking Consumption Model Forward-Looking People Tests and Applications of the Forward-Looking Model
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