Walton, Gary M.

Understanding economics today / Gary M. Walton, Frank C. Wykoff. - 6th ed. - Boston, Mass. : Irwin/McGraw-Hill, c1998. - xvi, 496 p. col. ill., col. map ; 24 cm.

Includes bibliographical references and index.

Contents: The Economics of personal and social choice -- Scarcity and the economic problem -- The First law economics -- Shortage, surplus and prices -- Production, profits and marginal analysis -- Competition and monopoly -- Jobs and wages -- Market failure and government failure -- Trade among nations -- National economic problems: Stagnation, inflation, unemployment and competitiveness -- Overview of national economy: Cycles and the circular flow model -- Government fiscal actions and the pace of the economy -- Money,money,money -- The Fed and the money supply -- Why economist disagree -- Inflation and unemployment -- Stagnation -- Issues and stabilization on policy -- The Exchange rate and the balance of payment.

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Economics.

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