ISBN-10: 1429206209

ISBN-13: 9781429206204

Edition: N/A

Authors: Gerald W. Stone

List price: $83.95
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How does the CORE package work? The Core Text is a traditional textbook focusing on the core topics in economics. It includes the usual textbook apparatus, including key terms and definitions. It also includes a set of innovative end-of-chapter questions and problems, many of which have been drawn from today7;s headlines and the business press. The CourseTutor is designed for interactivity. Students must work through the CourseTutor with a pencil in hand, reading through tutorials, solving problems, and drawing graphs. Short quizzes help students assess their progress and suggest additional work to help them master concepts. These two publications have been designed to work together for maximum reinforcement and practice. Since both are written by the same author the integration is seamless, providing a highly efficient study system.
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Study Briefs

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All the information you need in one place! Each Study Brief is a summary of one specific subject; facts, figures, and explanations to help you learn faster.

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Book details

List price: $83.95
Publisher: Worth Publishers, Incorporated
Publication date: 12/27/2008
Binding: Paperback
Pages: 480
Size: 8.50" wide x 10.88" long x 0.59" tall
Weight: 2.354
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 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 Burdens
Elasticity of Supply and Tax Burdens
Hubbert’s Peak: Are We Running Out of Oil?
Consumer Choice and Demand Marginal Utility Analysis
The Budget Line
Preferences and Utility Using Marginal Utility Analysis
Deriving Demand Curves
Consumer Surplus Marginal Utility Analysis
A Critique Tipping and Consumer Behavior
Irrational Consumers: Investing, Gambling, and Saving
Appendix: Indifference Curve Analysis
Indifference Curves and Consumer Preferences
Optimal Consumer
Choice Using Indifference Curves
Using Indifference Curves: Economic Analysis of Terrorism
Auto Advertisements: Utility versus Indifference Curves
Production and C
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