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Understanding economics

Author: Russell S Sobel
Publisher: Mason, Ohio : South-Western Cengage Learning., 2009.
Edition/Format:   Print book : English : 12th edView all editions and formats
Summary:
This 12th edition reflects current market conditions, helping students apply principles to the world around them. You'll find analysis and explanation of measures of economic activity applied to today's market, plus text highlighting the lives and contributions of notable economists. Common economic myths are dispelled, and the "invisible hand" metaphor is applied to economic theory, demonstrating how it works to  Read more...
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Genre/Form: Handbooks and manuals
Textbooks
Handbooks, manuals, etc
Document Type: Book
All Authors / Contributors: Russell S Sobel
ISBN: 9780324583885 0324583885
OCLC Number: 253473725
Notes: "International Student Edition"--Cover.
Description: xxix, 802 pages : illustrations ; 28 cm
Contents: PART 1: THE ECONOMIC WAY OF THINKING. 1. The Economic Approach --
2. Some Tools of the Economist ---
PART 2: MARKETS AND GOVERNMENT. 3. Supply, Demand, and the Market Process --
4. Supply and Demand: Applications and Extensions --
5. Difficult Cases for the Market and the Role of Government --
6. The Economics of Collective Decision Making ---
PART 3: CORE MACROECONOMICS. 7. Taking the Nation's Economic Pulse --
8. Economic Fluctuations, Unemployment, and Inflation --
9. An Introduction to Basic Macroeconomic Markets --
10. Economic Instability --
11. Fiscal Policy --
12. Money and the Banking System --
13. Modern Macroeconomics: The Monetary System --
14. Stabilization Policy, Output, and Employment --
15. Creating an Environment for Growth and Prosperity --
16. Institutions, Policies, and Cross-Country Differences in Income and Growth ---
PART 4: INTERNATIONAL ECONOMICS. 17. Gaining from International Trade --
18. International Finance and the Foreign Exchange Market (macro split only) ---
PART 5: CORE MICROECONOMICS. 19. Consumer Demand and Elasticity --
20. Costs and the Supply of Goods --
21. Price Takers and the Competitive Process --
22. Price-Searcher Markets with Low Entry Barriers --
23. Price-Searcher Markets with High Entry Barriers --
24. The Supply of and Demand for Productive Resources --
25. Earnings, Productivity, and the Job Market --
26. Investment, the Capital Market, and the Wealth of Nations --
27. Income Inequality and Poverty ---
PART 6: APPLYING THE BASICS. SPECIAL TOPICS. SPECIAL TOPICS.
Responsibility: Russell S. Sobel [and others].

Abstract:

The authors integrate applications and real-world data throughout in an effort to make the basic concepts of economics come alive for the reader.  Read more...

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