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Microeconomics : principles and policy

Author: William J Baumol; Alan S Blinder
Publisher: Mason, OH : Thomson/South-Western, ©2006.
Edition/Format:   Print book : English : 10th edView all editions and formats
Summary:
This microeconomics text is well known for using the Keynesian model in the teaching of economics; yet in recent editions, the authors have expanded coverage of the growth model considerably to achieve more balanced coverage. The text uses the aggregate supply/ aggregate demand model as a fundamental tool for learning macroeconomics. It achieves the right level of rigor and detail, presenting complicated concepts in  Read more...
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Details

Document Type: Book
All Authors / Contributors: William J Baumol; Alan S Blinder
ISBN: 0324221150 9780324221152 9780324537017 0324537018 032432345X 9780324323450
OCLC Number: 62547615
Description: xxvii, 505 pages : illustrations (chiefly color) ; 28 cm
Contents: Part I. Getting Acquainted with Economics --
1. What Is Economics? --
2. The Economy: Myth and Reality --
3. The Fundamental Economic Problem: Scarcity and Choice --
4. Supply and Demand: An Initial Look --
Part II. The Building Blocks of Demand and Supply --
5. Consumer Choice: Individual and Market Demand --
6. Demand and Elasticity --
7. Production, Inputs, and Cost: Building Blocks for Supply Analysis --
8. Output, Price, and Profit: The Importance of Marginal Analysis --
9. Investing in Business: Stocks and Bonds --
Part III. Markets and the Price System --
10. The Firm and the Industry under Perfect Competition --
11. Monopoly --
12. Between Competition and Monopoly --
13. Limiting Market Power: Regulation and Antitrust --
Part IV. The Virtues and Limitations of Markets --
14. The Case for Free Markets I. The Price System --
15. The Shortcomings of Free Markets --
16. The Case for Free Markets II. Innovation and Growth --
17. Externalities, the Environment and Natural Resources --
18. Taxation and Resource Allocation --
Part V. The Distribution of Income --
19. Pricing the Factors of Production --
20. Labor: The Human Input --
21. Poverty, Inequality, and Discrimination --
Part VI. The United States in the World Economy --
22. International Trade and Comparative Advantage.
Responsibility: William J. Baumol, Alan S. Blinder.
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Abstract:

Uses the aggregate supply/ aggregate demand model as a fundamental tool for learning macroeconomics. This book presents complicated concepts in a straightforward manner and uses timely economic data.  Read more...

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