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Economics, theory and practice

Author: Patrick J Welch; Gerry F Welch
Publisher: Hoboken, NJ : Wiley, ©2004.
Edition/Format:   Print book : English : 7th edView all editions and formats

Introduces students to basic economic concepts, institutions, relationships, and terminology. Covering a range of timely subjects and featuring engaging pedagogical tools, this book prepares students  Read more...


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Material Type: Internet resource
Document Type: Book, Internet Resource
All Authors / Contributors: Patrick J Welch; Gerry F Welch
ISBN: 0470000287 9780470000281
OCLC Number: 52947181
Description: xiv, 544 pages : illustrations ; 26 cm
Contents: Preface. PART ONE: INTRODUCTION TO ECONOMICS. Introduction to Economics. Economic Decision Making and Economic Systems. Demand, Supply, and Price Determination. PART TWO: THE MACROECONOMY. Goals and Problems of the Macroeconomy: Employment, Prices, and Production. Foundations of the Macroeconomy. The Role of Government in the Macroeconomy. Money, Financial Institutions, and the Federal Reserve. Money Creation, Monetary Theory, and Monetary Policy. Macroeconomic Viewpoints and Models. PART THREE: THE MICROECONOMY. Households and Businesses: An Overview. Benefits, Costs, and Maximization. Production and the Costs of Production. Competition and Market Structures. Government and the Markets. Labor Markets, Unions, and the Distribution of Income. PART FOUR: THE INTERNATIONAL ECONOMY. International Trade. International Finance. Glossary. Answers to "Test Your Understanding". Credits. Index.
Responsibility: Patrick J. Welch, Gerry F. Welch.
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