Last edition Elsevier Introduces Students to the Basic Concepts of Economics with Timely, Engaging Stories and Applications. Students enter their first economics course hoping to gain a better understanding of the world around them, but often leave with their questions unanswered. Economics: Principles, Applications, and Tools is built upon the author’s philosophy of using basic concepts of economics to explain a wide variety of timely, engaging, real-world economic applications. The Ninth Edition incorporates updated figures and data, while also emphasizing current topics of interest—including the severe economic downturn of recent years and the latest developments in economic thinking. It also includes newly refined Learning Objectives that introduce the concepts explored in each chapter, along with new applications and chapter-opening stories related to the most up-to-date developments in both macroeconomics and microeconomics.
Last Edition
ISBN 13: 9781292165592
Imprint: Pearson
Language: English
Authors: Arthur O'Sullivan
Pub Date: 07/2017
Pages: 768
Illus: Illustrated
Weight: 1,600.000 grams
Size: h 220 X 276 mm
Product Type: Softcover
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| grn 2386 |
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- • UPDATED! Incorporates and reflects the sweeping changes that global economies have experienced following a severe economic downturn.
- • UPDATED! Reflects the latest exciting developments in economic thinking, making these developments accessible to new students of economics.
- • Chapter 6 discusses whether the recent major recession permanently affected labor force participation.
- • Chapter 8 discusses the position of pessimists who think that technological progress has slowed down, as well as influential controlled experiments in economic policy.
- • Chapter 13 discusses the rationale and application of “stress tests” as a new tool for financial regulation.
- • Chapter 14 introduces Janet Yellen, the new Chair of the Federal Reserve, including a discussion of her prior experience before assuming her current role.
- • UPDATED! Revised and expanded discussion of the euro in Chapter 19reflects the serious challenges now facing the European Monetary Union, particularly in the case of Greece.
- Arthur O'Sullivan (born 1953) is an American economist, Professor of Economics at Lewis & Clark College,[1] and author of college textbooks on economics.
- I. 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
- II. The Basic Concepts in Macroeconomics
- 5. Measuring a Nation’s Production and Income 6. Unemployment and Inflation
- III. The Economy in the Long Run
- 7. The Economy at Full Employment 8. Why Do Economies Grow?
- IV. Economic Fluctuations and Fiscal Policy
- 9. Aggregate Demand and Aggregate Supply 10. Fiscal Policy 11. The Income-¬Expenditure Model 12. Investment and Financial Markets
- V. Money, Banking, and Monetary Policy
- 13. Money and the Banking System 14. The Federal Reserve and Monetary Policy
- VI. 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
- VII. The International Economy
- 18. International Trade and Public Policy 19. The World of International Finance
- VIII. 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 Neuroscience
- IX. 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
- X. Externalities and Information
- 29. Imperfect Information: Adverse Selection and Moral Hazard 30. Public Goods and Public Choice 31. External Costs and Environmental Policy
- XI. The Labor Market and Income Distribution
- 32. The Labor Market and the Distribution of Income
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