Principles of Economics

Description

Principles of Economics 2e covers the scope and sequence of most introductory economics courses. The text includes many current examples, which are handled in a politically equitable way. The outcome is a balanced approach to the theory and application of economics concepts. The second edition has been thoroughly revised to increase clarity, update data and current event impacts, and incorporate the feedback from many reviewers and adopters. Changes made in Principles of Economics 2e are described in the preface and the transition guide to help instructors transition to the second edition. Chapter 1: Welcome to Economics! Chapter 2: Choice in a World of Scarcity Chapter 3: Demand and Supply Chapter 4: Labor and Financial Markets Chapter 5: Elasticity Chapter 6: Consumer Choices Chapter 7: Cost and Industry Structure Chapter 8: Perfect Competition Chapter 9: Monopoly Chapter 10: Monopolistic Competition and Oligopoly Chapter 11: Monopoly and Antitrust Policy Chapter 12: Environmental Protection and Negative Externalities Chapter 13: Positive Externalities and Public Goods Chapter 14: Poverty and Economic Inequality Chapter 15: Issues in Labor Markets: Unions, Discrimination, Immigration Chapter 16: Information, Risk, and Insurance Chapter 17: Financial Markets Chapter 18: Public Economy Chapter 19: The Macroeconomic Perspective Chapter 20: Economic Growth Chapter 21: Unemployment Chapter 22: Inflation Chapter 23: The International Trade and Capital Flows Chapter 24: The Aggregate Supply-Aggregate Demand Model Chapter 25: The Keynesian Perspective Chapter 26: The Neoclassical Perspective Chapter 27: Money and Banking Chapter 28: Monetary Policy and Bank Regulation Chapter 29: Exchange Rates and International Capital Flows Chapter 30: Government Budgets and Fiscal Policy Chapter 31: The Macroeconomic Impacts of Government Borrowing Chapter 32: Macroeconomic Policy Around the World Chapter 33: International Trade Chapter 34: Globalization and Protectionism Chapter 35: The Use of Mathematics in Principles of Economics Chapter 36: Demand, Supply, and Efficiency Chapter 37: Indifference Curves Chapter 38: Present Discounted Value Chapter 39: The Expenditure-Output Model