Economic Way of Thinking, The, CourseSmart eTextbook, 11th Edition
ISBN-10: 0-13-154321-0
ISBN-13: 978-0-13-154321-8
Published by Prentice Hall
© 2006
Pub. Date: Feb 28, 2005
Format: On-line Supplement
Description
Primarily for a one-semester survey course in general economics.
The Economic Way of Thinking develops the basic principles of micro- and macroeconomic analysis, and employs them as tools rather than ends unto themselves. This text introduces students to a method of reasoning; to think like an economist through example and application. It even teaches by showing students how not to think, by exposing them to the errors implicit in much popular reasoning about economic events.
Table of Contents
1. The Economic Way of Thinking
2. Efficiency, Exchange, and Comparative Advantage
3. Substitutes Everywhere: The Concept of Demand
4. Opportunity Cost and the Supply of Goods
5. Supply and Demand: A Process of Cooperation
6. Supply and Demand: Issues and Applications
7. Profit and Loss
8. Competition and Monopoly
9. Price Searching
10. Competition and Government Policy
11. The Distribution of Income
12. Externalities and Conflicting Rights
13. Markets and Government
14. The Overall Performance of Economic Systems
15. Employment and Unemployment
16. The Supply of Money
17. Monetary and Fiscal Policies
18. Economic Performance and Political Economy
19. National Policies and International Exchange
20. Promoting Economic Growth
21. The Limitations of Economics
