Understanding economics. /
Russell S. Sobel ... [et al.]
- (International student edition)
- Mason, OH: Thomson, 2006.
- xxvi, 656 p.: ill.;
Includes glossary and index
Contents: 1. The Economic way of thinking: The Economic approach -- Some tools of the economist -- 2. Markets and government: Supply, demand and the market process -- Supply and demand: applications and extensions -- Difficult cases for the market and the role of government -- The Economics of collective decision making -- 3. Core macroeconomics: Taking the nation's economic pulse -- Economic fluctuations, unemployment and inflation -- An introduction to basic macroeconomic markets -- Working into our basic aggregate demand and aggregate supply model -- Keynes and the evolution of macroeconomics -- Fiscal policy -- Money and the banking system -- Modern macroeconomics and monetary policy -- Stabilization policy, output and employment -- Economic growth and the wealth of nations -- 4. International economics: Gaining from international trade -- International finance and the foreign exchange market -- 5. Core economics: Consumer choice and elasticity -- Costs and the supply of goods -- Price takers and the competitive process -- Price-searcher markets with low entry barriers -- Price-searcher markets with high entry barriers -- The supply of and demand for productive resources -- Earnings, productivity and the job market -- Investment, the capital market and the wealth of nations -- Income inequality and poverty --