Introductory Economics

ISBN-10: 9812568913

ISBN-13: 9789812568915

Edition: 4th 2006

Authors: Arleen J. Hoag, John H. Hoag

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- Short one-concept chapters so that students can easily digest the material. However, the concepts are explained more fully than most competing texts - Clear, lucid style applied to logical, straightforward explanation of the material - There is a conscientious effort to integrate material between chapters. Module introductions, chapter introductions and summaries are used to link and integrate chapters - Flexibility. One-concept chapters make it easy for the instructor to select the desired material - There is one chapter each on demand, supply, equilibrium and elasticity. Other texts devote at most two chapters to this material - The production possibilities chapter provides a clear exposition which sharply contrasts with the cursory style of many other textbooks - An even balance between micro and macro - More end of the chapter questions as a result of more chapters. Most texts will only ask a question or two on demand before moving on to the next topic. We provide more questions per topic
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Book details

List price: $53.00
Edition: 4th
Copyright year: 2006
Publisher: World Scientific Publishing Co Pte Ltd
Binding: Paperback
Pages: 505
Size: 6.50" wide x 9.50" long x 1.25" tall
Weight: 1.980
Language: English

The economic problem
The meaning of economics
Production possibilities
Economic systems
Price determination
Market equilibrium
Price elasticity
Behind the supply curve
Diminishing returns
Perfectly competitive supply
Imperfect competition
Demand for inputs
Measuring the economy
Unemployment and inflation
Gross domestic product
Price indexes
Business cycles
The level of income
Consumption and investment
Macro equilibrium
The Keynesian cross
Fiscal policy
Monetary tools
Money and the level of income
Economic policy
Trade without money
Trade with money
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