Principles of economics /

Frank, Robert H.

Principles of economics / Robert H. Frank and Ben S. Bernanke, with the assistance of Roger T. Kaufman. - 3rd ed. - Boston : McGraw-Hill/Irwin, c2007. - 1 v. (various pagings) : ill. ; 29 cm.

Various multi-media instructional aids, including web sites, are available to supplement the text.

Includes index.


Part 1: Introduction
Thinking like an economist
Comparative advantage: the basis for exchange
Supply and demand: an introduction
Part 2: Competition and the invisible hand
Elasticity
Demand: the benefit side of the market
Perfectly competitive supply: the cost side of the market
Efficiency and exchange
The quest for profit and the invisible hand
International trade
Part 3: Market imperfections
Monopoly and other forms of imperfect competition
Strategic choice in oligopoly, monopolistic competition, and everyday life
Externalities and property rights
The economics of information
Part 4: Economics of public policy
Labor markets, poverty, and income distribution
The environment, health, and safety
Public goods and tax policy
Part 5: Macroeconomics: issues and date
Macroenconomics: the bird's-eye view of the economy
Measuring economic activity: GDP and unemployment
Measuring the price level and inflation
Part 6: The economy in the long run
Economic growth, productivity, and living standards
Workers, wages, and unemployment in the modern ecomony
Saving and capital formation
Money, prices, and the Federal Reserve
Financial markets and international capital flows
Part 7: The ecomony in the short run
Short-term economic fluctuations: an introduction
Spending and output in the short run
Stabilizing the economy: the role of the Fed
Inflation, aggregate supply, and aggregate demand
The practice and pitfalls of macroeconomic policy
Part 8: The international economy
Exchange rates and the open economy

Focussing on a short list of core principles in-depth, this book presents concepts through examples drawn from familiar contexts


eng

9780073125671 0073125679


Economics.

330 FRA

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