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Principles of Economics

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ISBN-10: 0759395225

ISBN-13: 9780759395220

Edition: 5th 2008

Authors: Fred M. Gottheil

List price: $330.95
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Description:

This newly updated edition of a highly regarded text, Principles of Economics, 5e, provides your students with the most up-to-date information available. The four-color interior and full supplement package complements the text's superb conversational style, which engages students like none other. Principles of Economics, 5e represents the accomplishments of Fred Gottheil's career as an outstanding professor and author. This edition maintains the proven structure and style of previous editions, while updating content to make it even more valuable to professors and students alike. The author continues to use familiar stories, illustrations, scenarios, and a direct-to-student writing style to appeal to students' interests. The narrative is built around questions, which cut the distance between the student and the unfamiliar concepts of economics. Instead of covering hundreds of topics superficially, the book presents basic concepts in-depth and develops economic analysis step-by-step. The result: Learning economics becomes relative, interactive and appealing versus mere passive course participation.
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Book details

List price: $330.95
Edition: 5th
Copyright year: 2008
Publisher: CENGAGE Learning Custom Publishing
Publication date: 3/1/2007
Binding: Hardcover
Pages: 928
Size: 9.00" wide x 11.00" long x 1.50" tall
Weight: 4.950
Language: English

Fred M. Gottheil is a professor of economics at the University of Illinois in Urbana-Champaign. He came to Illinois in 1960, planning to spend one year before returning to his native Canada. But he fell in love with the campus, the community, and the Midwest, and has been at Illinois ever since. He earned his undergraduate degree at McGill University in Montreal, Canada and his Ph.D. at Duke University. His primary teaching is the principles of economics, and on occasion, he has taught the history of economic thought, Marxian economics, and the economics of the Middle East. He is the author of "Marx's Economic Predictions" and numerous articles that have appeared in scholarly journals, among them the "American Economic Review", the "Canadian Journal of Economics", the "Journal of Post-Keynesian Economics" and the "Middle East Reviews." Although he enjoys research, his labor of love is teaching the principles course. His classes have been as large as 1,800 students. He has won a plethora of teaching from the university, the college, and department of economics. Aside from his research and publications as a professor of economics, Professor Gottheil is also on the university's medical faculty, co-teaching the College of Medicine's course on medicine and society. As well, he is director of the University of Illinois's Center of Economic Education. In this capacity, he organizes and team-teaches minicourses and workshops on the principles of economics. He was a White House consultant on the Middle East during the Carter Administration and offered expert testimony to several congressional committees. Professor Gottheil was a visiting professor at Northwestern University and at Hebrew University in Jerusalem, Israel. He has lectured at many universities in the United States, Canada, and abroad, including universities in Syria, Egypt, Israel, and Jordan.

The Basics of Economic Analysis
Introduction
Production Possibilities and Opportunity Costs
Demand and Supply
The Microeconomics of Product Markets
Elasticity
Marginal Utility and Consumer Choice
Price Ceiling and Price Floors
Business Ownership and Organization: Proprietorships, Partnerships, and Corporations
The Microeconomics of Product Markets
Costs of Production
Maximizing Profit
Identifying Markets and Market Structure
Price and Output in Monopoly, Monopolistic Competition, and Perfect Competition
Price and Output Determination Under Oligopoly
Antitrust Regulation
Externalities, Market Failure, and Public Choice
The Microeconomics of Factor Markets
Wage Rates in Competitive Labor Markets
Wages and Employment: Monopsony and Labor Unions
Interest, Rent, and Profit
Income Distribution and Poverty
Employment , Inflation, and Fiscal Policy
Aggregate Demand and Aggregate Supply
Gross Domestic Product Accounting
Consumption and Investment
Equilibrium National Income
Fiscal Policy: Coping with Inflation and Unemployment
Long-Run Economic Growth and Business Cycles
Money , Banking, and Monetary Policy
Money
Money Creation and the Banking System
The Federal Reserve System and Monetary Policy
Government and the Macroeconomy
Can Government Really Stabilize the Economy?
Government Spending
Financing Government: Taxes and Debt
The World Economy
International Trade
Exchange Rates, Balance of Payments, and International Debt
The Economic Problems of Less-Developed Economies
Practice Test Answer
Key Glossary
Index