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Fundamentals of Economics

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ISBN-10: 0618246851

ISBN-13: 9780618246854

Edition: 2nd 2003

Authors: William J. Boyes, Michael Melvin

List price: $84.95
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The condensed format of this title gives instructors the flexibility to supplement this edition with outside cases, readings, group projects, and classroom projects.
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Book details

List price: $84.95
Edition: 2nd
Copyright year: 2003
Publisher: CENGAGE Learning
Publication date: 8/5/2002
Binding: Paperback
Pages: 384
Size: 8.25" wide x 10.50" long x 0.50" tall
Weight: 1.694

Michael Melvin is currently Head of Currency Research at Barclays Global Investors. He also retains affiliations at the Arizona State University Department of Economics and the Haas School of Business at the University of California, Berkeley. Dr. Melvin received his Ph.D. in economics from UCLA in 1980. He has served as a visiting scholar at the Federal Reserve Board and the International Monetary Fund, was a Fulbright Professor at the University of Frankfurt, and has been a visiting professor at UCLA, Northwestern University, U.C. San Diego, and the University of Hawaii. His field of specialization is International Finance, and he is the coeditor of the Journal of International Money and…    

The Price System
Economics and the World Around You
The Definition of Economics Specialization and Exchange Trade
Appendix: Working with Graphs: The Production Possibilities Curve Reading and Constructing Graphs Application: The PPC
Markets and the Market Process
Allocation Mechanisms
How Markets Function Demand Supply Equilibrium: Putting Demand and Supply Together Alternatives to Market Allocation
Applications of Demand and Supply
The Market for Fast Foods
The Labor Market
Market Intervention: Medical Care, Rent Controls, and Agricultural Price Supports
Consumers, Firms, and Social Issues
The Firm and the Consumer Revenue
How Does a Firm Learn About Its Demand?
Knowing the Customer What's to Come?
Costs and Profit Maximization Costs Maximizing Profit
The Profit-Maximizing Rule: MR=MC
Competition and Market Structures
Characteristics of the Market Structures
Firm Behavior in the Long Run
The Benefits of Competition What's to Come?
Competition, Cooperation, and the Government Price
Strategies for Independent Firms
Firm Behavior When There Are Few Rivals Government and Firms
Social Issues
The Environment Illicit Drugs Discrimination
Minimum Wages Income Inequality and Poverty
The National and Global Economies
An Overview of the National and International Economies
Households Business Firms
The International Sector Overview of the U.S. Government Linking the Sectors
Macroeconomic Measures
Measures of Output and Income
Nominal and Real Measures
Flows of Income and Expenditures
The Foreign Exchange Market
The Balance of Payments
Unemployment, Inflation, and Business Cycles
Business Cycles Unemployment Inflation
Macroeconomic Equilibrium: Aggregate Demand and Supply
Aggregate Demand, Aggregate Supply, and Business Cycles
Factors That Influence Aggregate Demand
The Aggregate Demand Curve
Aggregate Supply
Aggregate Demand and Supply Equilibrium
Fiscal Policy Fiscal Policy and Aggregate Demand
Fiscal Policy in the United States Fiscal Policy in Different Countries
Money and Banking What Is Money?
Banking Banks and the Money Supply
Macroeconomic Policy
Monetary Policy
The Federal Reserve System Implement Monetary Policy Monetary Policy and Equilibrium Income
The European Central Bank
Macroeconomic Policy, Business Cycles, and Growth
The Phillips Curve
The Role of Expectations Sources of Business Cycles
The Link Between Monetary and Fiscal Policies Economic Growth
Issues in International Trade and Finance
An Overview of World Trade International
Trade Restrictions
Exchange Rate Systems and Practices
Table of Contents provided by Publisher. All Rights Reserved.