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| Material Type: | Audio book, etc. |
|---|---|
| Document Type: | Sound Recording |
| All Authors / Contributors: |
Ronald M Ayers; Robert A Collinge |
| OCLC Number: | 54762994 |
| Notes: | Originally published: Upper Saddle River, N.J. : Pearson/Prentice Hall, c2005. Enhanced ed. This book is part of the modular book, Economics : explore & apply / Ronald M. Ayers, Robert A. Collinge. Enhanced ed. Upper Saddle River, N.J. : Pearson/Prentice Hall, c2005. |
| Description: | 1 sound disc : digital, mono. ; 4 3/4 in. |
| Contents: | Journey through the economy: Economic perspective; Production and trade; Demand and supply; Power of prices -- Microeconomic foundations: Elasticity, measuring responsiveness; Consumer behavior; Firm and production; Costs and profit-maximizing output -- Output markets: Pure competition; Monopoly and antitrust; Oligopoly and monopolistic competition -- Input markets: Markets for labor and other inputs; Earnings and income distribution -- Market failure and government action: Public goods, regulation, and information; Externalities and common property resources; Public choice -- Global economy: Into the international marketplace; Policy toward trade -- Glossary -- Answers to test yourself -- Solutions to even-numbered questions and problems. |
| Series Title: | Prentice Hall series in economics. |
| Responsibility: | Ronald M. Ayers, Robert A. Collinge. |
Abstract:
[In this book, the authors] emphasize incentives and choice, the foundations for a vibrant market economy. Part 1 ... covers the goals of economics, various economic systems, production possibilities, comparative advantage, demand and supply, market efficiency, and price controls. Part 2 ... covers elasticity, consumer behavior, and how firms make production decisions. Part 3 ... covers the market structures of pure competition, monopoly, oligopoly, and monopolistic competition. Part 4 ... shows that input markets also have their structures, with the labor market of particular significance to earnings. Part 5 ... shows how markets can fail to achieve efficiency, and how government actions can help remedy these failures. Since government actions can also be inefficient, [the authors also examine the] economic incentives in the public choice process.-Pref.
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