Foundations of Economics, 9th edition

  • Robin Bade
  • Michael Parkin

Overview

Foundations of Economics introduces economic principles you can use to navigate the financial decisions of your future. 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 you through unfamiliar terrain and focus you on the most important concepts and key skills you'll need — like reading and interpreting graphs.

Table of contents

PART 1: INTRODUCTION
1. Getting Started
2. The US 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

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Published by Pearson (June 1st 2020) - Copyright © 2021