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ISBN-10: 0716799006

ISBN-13: 9780716799009

Edition: 2007

Authors: Gerald Stone

List price: $112.95
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What does CORE mean? CoreEconomicsis based on an extensive survey conducted by the author, Gerald Stone.nbsp; Professornbsp; Stone asked several hundred instructors which chapters of their principles books they actually cover in their courses. Two important points emerged: • One chapter/one week.nbsp; Instructors typically cover one chapter per week, or 15 chapters in a 15-week semester. • The majority of instructors teach the same 2/3 of a standard economics textbook. The overwhelming majority of instructors covers the same chapters in the bulk of their course and then spend minimal time covering additional chapters. Over 90% of professors cover a maximum of 15 chapters in their…    
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Book details

List price: $112.95
Copyright year: 2007
Publisher: Worth Publishers, Incorporated
Publication date: 12/27/2007
Binding: Hardcover
Pages: 800
Size: 8.50" wide x 11.25" long x 1.25" tall
Weight: 3.784
Language: English

Note: Each chapter concludes with a Chapter Summary and Questions and Problems
Exploring Economics What is Economics About?
Microeconomics versus
Macroeconomics Economic
Theories and Reality Equity vs
Efficiency Key Ideas of Economics
Choice and Scarcity Force Tradeoffs
Opportunity Costs Dominate
Our Lives Rational Behavior Requires
Thinking at the Margin People Follow Incentives
Markets are Efficient Government
Must Deal with Market Failure
Information is Important Specialization and Trade
Improve Our Lives Productivity
Determines Our Standard of Living
Government can Smooth the Fluctuations in the Overall Economy
Appendix: Working with Graphs and Formulas
Production, Economic Growth and Trade Basic
Economic Questions and Production
Basic Economic Questions Resources, Production and Efficiency
Production Possibilities and Economic Growth Specialization, Comparative Advantage, and Trade Absolute and Comparative Advantage
The Gains from Trade Limits on Trade and Globalization
Is There a Moral Dimension to Economic Growth?
Supply and Demand Markets
The Price System Demand
The Relationship Between Quantity Demanded and Price
The Law of Demand The Demand Curve Market
Demand Curves Determinants of Demand Changes in Demand Versus Changes in Quantity
Demanded Supply
The Relationship Between Quantity
Supplied and Price The Law of Supply
The Supply Curve Market Supply Curves
Determinants of Supply Changes in Supply Versus Changes in Quantity Supplied
Market Equilibrium Moving to a New Equilibrium: Changes in Supply and Demand Putting Supply and
Demand to Work Excess Grape Supply and Two-Buck Chuck Trek Bicycles and Lance Armstrong
Market Efficiency, Market Failure, and Government Intervention
Markets and Efficiency Efficient
Market Requirements
The Discipline of Markets Consumer and Producer Surplus: A Tool for Measuring Economic
Efficiency Market Failures
Accurate Information is Not Widely Available: Asymmetric Information
Problems with Property Rights
Contract Enforcement Is Problematical
There Are Significant External Costs or Benefits: Externalities
Competitive Markets do Not Prevail: Monopoly Power Government Controlled Prices Price Ceilings Price Floors Taxes and Deadweight Loss Who Is Watching Your Money? Bank Regulation and Information Problems
Elasticity Elasticity of Demand
Elasticity as an Absolute Value Measuring
Elasticity with Percentages Elastic and Inelastic Demand
Determinants of Elasticity Computing Price Elasticities
Elasticity and Total Revenue Other Elasticities of Demand
Elasticity of Supply Time and Price
Elasticity of Supply Taxes and Elasticity
Elasticity of Demand and Tax Bur