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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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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…    
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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,…    

The Basics of Economic Analysis
Production Possibilities and Opportunity Costs
Demand and Supply
The Microeconomics of Product Markets
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 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