Economics: Principles, Applications, and Tools

Economics: Principles, Applications, and Tools, 10th edition

  • Arthur O'Sullivan, 
  • Steven Sheffrin, 
  • Stephen Perez

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Overview

Economics: Principles, Applications, and Tools uses basic concepts of economics to explain a wide variety of relevant, current and engaging economic applications.

Published by Pearson (September 15th 2020) - Copyright © 2020

ISBN-13: 9780135639818

Subject: Economics

Category: Principles of Economics

Table of contents

PART 1: INTRODUCTION AND KEY PRINCIPLES
1. Introduction: What Is Economics? 
2. The Key Principles of Economics 
3. Exchange and Markets 
4. Demand, Supply, and Market Equilibrium 

PART 2: THE BASIC CONCEPTS IN MACROECONOMICS
5. Measuring a Nation's Production and Income 
6. Unemployment and Inflation 

PART 3: THE ECONOMY IN THE LONG RUN
7. The Economy at Full Employment 
8. Why Do Economies Grow? 

PART 4: ECONOMIC FLUCTUATIONS AND FISCAL POLICY
9. Aggregate Demand and Aggregate Supply 
10. Fiscal Policy 
11. The Income-Expenditure Model 
12. Investment and Financial Markets 

PART 5: MONEY, BANKING, AND MONETARY POLICY
13. Money and the Banking System 
14. The Federal Reserve and Monetary Policy 

PART 6: INFLATION, UNEMPLOYMENT, AND ECONOMIC POLICY
15. Modern Macroeconomics: From the Short Run to the Long Run 
16. The Dynamics of Inflation and Unemployment 
17. Macroeconomic Policy Debates 

PART 7: THE INTERNATIONAL ECONOMY
18. International Trade and Public Policy 
19. The World of International Finance 

PART 8: A CLOSER LOOK AT DEMAND AND SUPPLY
20. Elasticity: A Measure of Responsiveness 
21. Market Efficiency and Government Intervention 
22. Consumer Choice: Utility Theory and Insights from Behavioral Economics 

PART 9: MARKET STRUCTURES AND PRICING
23. Production Technology and Cost 
24. Perfect Competition 
25. Monopoly and Price Discrimination 
26. Market Entry and Monopolistic Competition 
27. Oligopoly and Strategic Behavior 
28. Controlling Market Power: Antitrust and Regulation 

PART 10: EXTERNALITIES AND INFORMATION
29. Imperfect Information: Adverse Selection and Moral Hazard 
30. Public Goods and Public Choice 
31. External Costs and Environmental Policy 

PART 11: THE LABOR MARKET AND INCOME DISTRIBUTION
32. The Labor Market and the Distribution of Income

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