Foundations of Economics, 8th edition

  • Robin Bade
  • Michael Parkin


Introduces readers to the economic principles they can use to navigate the financial decisions of their futures. Each chapter concentrates on a manageable number of ideas, usually 3 to 4, with each reinforced several times throughout the text. This patient approach helps guide individuals through unfamiliar terrain and focus them on the most important concepts.

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Table of contents

Part 1: Introduction

1. Getting Started

2. The U.S. and Global Economies

3. The Economic Problem

4. Demand and Supply


Part 2: A Closer Look at Markets

5. Elasticities of Demand and Supply

6. Efficiency of Fairness and Markets


Part 3: How Governments Influence the Economy

7. Government Actions in Markets

8. Taxes

9. Global Markets in Action


Part 4: Market Failures and Public Policy

10. Externalities

11. Public Goods and Common Resources

12. Private Information and Healthcare Markets


Part 5: A Closer Look At Decision Makers

13. Consumer Choice and Demand

14. Production and Cost


Part 6: Prices, Profits, and Industry Performance

15. Perfect Competition

16. Monopoly

17. Monopolistic Competition

18. Oligopoly


Part 7: Incomes and Inequality

19. Markets for Factors of Production

20. Economic Inequality


Part 8: Monitoring the Macroeconomy

21. GDP: A Measure Of Total Production and Income

22. Jobs and Unemployment

23. The CPI and the Cost of Living


Part 9: The Real Economy

24. Potential GDP and the Natural Unemployment Rate

25. Economic Growth

26. Finance, Saving, and Investment


Part 10: The Money Economy

27: The Monetary System

28: Money, Interest, and Inflation


Part 11: Economic Fluctuations

29. Aggregate Supply and Aggregate Demand

30. Aggregate Expenditure Multiplier

31. The Short-Run Policy Tradeoff


Part 12: Macroeconomic Policy

32. Fiscal Policy

33. Monetary Policy

34. International Finance



Published by Pearson (February 24th 2017) - Copyright © 2018