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Survey of Economics: Principles, Applications, and Tools, 6th Edition

By Arthur O'Sullivan, Steven Sheffrin, Stephen Perez

Published by Pearson

Published Date: Feb 26, 2013

Description

For one semester Principles of Economics courses. Survey of Economics: Principles, Applications, and Tools is also suitable for economists, financial analysts and other finance professionals. 

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.

Table of Contents


1. Introduction: What is Economics?

2. Key Principles of Economics

3. Demand, Supply, and Market Equilibrium

4. Elasticity: A Measure of Responsiveness

5. Production Technology and Cost

6. Perfect Competition

7. Monopoly and Price Discrimination

8. Market Entry, Monopolistic Competition, and Oligopoly

9. Market Failure: Imperfect Information, External Benefits, and External Costs

10. The Labor Market and the Distribution of Income

11.  Measuring a Nation’s Production and Income

12. Unemployment and Inflation

13. Why Do Economies Grow?

14. Aggregate Demand and Aggregate Supply

15. Fiscal Policy

16. Money and the Banking System

17.  Monetary Policy and Inflation

18. International Trade and Finance