Economics

For Principles of Economics courses. Questions that drive interest, applications that illustrate concepts, and the tools to test and solidify comprehension. Students come into their first Economics course thinking they will gain a better understanding of the economy around them. Unfortunately, they often leave with many unanswered questions. To ensure students actively internalize economics, O'Sullivan/Sheffrin/Perez use chapter-opening questions to spark interest on important economic concepts, applications that vividly illustrate those concepts, and chapter-ending tools that test and solidify understanding.

ISBN 0136076440   Pages 800 ISBN13 9780136076445 (What's this?)   Volumes 1 Publisher Pearson Education (US)   Weight (grammes) 1790 Imprint Prentice Hall   Published in Upper Saddle River Format Paperback   Previous ISBN 9780132235655 Publication date 10 Apr 2009   Height (mm) 276 Library of Congress 2009005521   Width (mm) 216 DEWEY 330   Spine width (mm) 33 DEWEY edition DC22   Academic level Undergraduate

PART 1 Introduction and Key Principles 1 Introduction: What Is Economics? 2 2 The Key Principles of Economics 28 3 Exchange and Markets 48 4 Demand, Supply, and Market Equilibrium 66 PART 2 The Basic Concepts in Macroeconomics 5 Measuring a Nation's Production and Income 98 6 Unemployment and Inflation 122 PART 3 The Economy in the Long Run 7 The Economy at Full Employment 142 8 Why Do Economies Grow? 162 PART 4 Economic Fluctuations 9 Aggregate Demand and Aggregate Supply 190 10 Fiscal Policy 210 11 The Income-Expenditure Model 230 12 Investment and Financial Markets 262 PART 5 Money, Banking, and Monetary Policy 13 Money and the Banking System 280 14 The Federal Reserve and Monetary Policy 300 PART 6 Inflation, Unemployment, and Economic Policy 15 Modern Macroeconomics: From the Short Run to the Long Run 320 16 The Dynamics of Inflation and Unemployment 338 17 Macroeconomic Policy Debates 358 PART 7 The International Economy 18 International Trade and Public Policy 376 19 The World of International Finance 396 PART 8 A Closer Look at Demand and Supply 20 Elasticity: A Measure of Responsiveness 418 21 Market Efficiency and Government Intervention 448 22 Consumer Choice Using Utility Theory 472 PART 9 Market Structures and Pricing 23 Production Technology and Cost 504 24 Perfect Competition 526 25 Monopoly and Price Discrimination 552 26 Market Entry and Monopolistic Competition 574 27 Oligopoly and Strategic Behavior 590 28 Controlling Market Power: Antitrust and Regulation 618 PART 10 Externalities and Information 29 Imperfect Information: Adverse Selection and Moral Hazard 636 30 Public Goods and Public Choice 658 31 External Costs and Environmental Policy 674 PART 11 The Labor Market and Income Distribution 32 The Labor Market, Income, and Poverty 694 33 Unions, Monopsony, and Imperfect Information 720

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