Last edition Elsevier An Introduction to the Functioning of the Economy and the Power and Breadth of Economics. Reviewers tell us that Case/Fair/Oster is one of the all-time bestselling Principles of Economics texts because they trust it to be clear, thorough, and complete. Readers of Principles of Economics, Twelfth Edition, Global Edition, come away with a basic understanding of how market economies function, an appreciation for the things they do well, and a sense of things they do poorly. With the latest research and added exercises, students begin to learn the art and science of economic thinking and start to look at some policy and even personal decisions in a different way
Last Edition
ISBN 13: 9781292152561
Imprint: Pearson
Language: English
Authors: Karl E. Case
Pub Date: 03/2016
Pages: 816
Illus: Illustrated
Weight: 1,330.000 grams
Size: h 218 X 275 mm
Product Type: Softcover
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- • This title is a Pearson Global Edition. The Editorial team at Pearson has worked closely with educators around the world to include content which is especially relevant to students outside the United States.
- • NEW! Chapter 3 uses behavioral economics to answer whether having rainy seasons increases a consumer’s preference for tea.
- • NEW! Chapter 6 looks at how imposing taxes on soda beverages affects consumption.
- • NEW! Chapter 7 describes the importance of better maintenance practices in increasing profitability while curtailing capital investment.
- Karl E. Case was Professor of Economics Emeritus at Wellesley College in Wellesley, Massachusetts, United States, where he held the Coman and Hepburn Chair in Economics and taught for 34 years. He was a Senior Fellow at the Joint Center for Housing Studies at Harvard University and was President of the Boston Economic Club 2011-12. Professor Case was also a founding partner in the real estate research firm of Fiserv Case Shiller Weiss, Inc., which created the S&P Case Shiller Index of home prices. He served as a member of the Board of Directors of the Depositors Insurance Fund of Massachusetts.[3] He was a member of the Standard and Poor’s Index Advisory Committee, the Academic Advisory Board of the Federal Reserve Bank of Boston and the Board of Advisors of the Rappaport Institute for Greater Boston at Harvard University. He served as a member of the Boards of Directors of the Mortgage Guaranty Insurance Corporation (MGIC), Century Bank, The Lincoln Institute of Land Policy, and the American Real Estate and Urban Economics Association. He was also an Associate Editor of The Journal of Economic Perspectives and The Journal of Economics Education.
- Part I: Introduction To Economics
- 1. The Scope and Method of Economics
- 2. The Economic Problem: Scarcity and Choice
- 3. Demand, Supply, and Market Equilibrium
- 4. Demand and Supply Applications
- 5. Elasticity
- Part II: The Market System
- 6. Household Behavior and Consumer Choice
- 7. The Production Process: The Behavior of Profit-Maximizing Firms
- 8. Short-Run Costs and Output Decisions
- 9. Long-Run Costs and Output Decisions
- 10. Input Demand: The Labor and Land Markets
- 11. Input Demand: The Capital Market and the Investment Decision
- 12. General Equilibrium and the Efficiency of Perfect Competition
- Part III: Market Imperfections and the Role of Government
- 13. Monopoly and Antitrust Policy
- 14. Oligopoly
- 15. Monopolistic Competition
- 16. Externalities, Public Goods, and Common Resources
- 17. Uncertainty and Asymmetric Information
- 18. Income Distribution and Poverty
- 19. Public Finance: The Economics of Taxation
- Part IV: Concepts and Problems in Macroeconomics
- 20. Introduction to Macroeconomics
- 21. Measuring National Output and National Income
- 22. Unemployment, Inflation, and Long-Run Growth
- Part V: The Core of Macroeconomic Theory
- 23. Aggregate Expenditure and Equilibrium Output
- 24. The Government and Fiscal Policy
- 25. Money, the Federal Reserve, and the Interest Rate
- 26. The Determination of Aggregate Output, the Price Level, and the Interest Rate
- 27. Policy Effects and Cost Shocks in the AS/AD Model
- 28. The Labor Market in the Macroeconomy
- Part VI: Further Macroeconomics Issues
- 29. Financial Crises, Stabilization, and Deficits
- 30. Household and Firm Behavior in the Macroeconomy: A Further Look
- 31. Long-Run Growth
- 32. Alternative Views in Macroeconomics
- Part VII: The World Economy
- 33. International Trade, Comparative Advantage, and Protectionism
- 34. Open-Economy Macroeconomics: The Balance of Payments and Exchange Rates
- 35. Economic Growth in Developing Economies
- Part VIII: Methodology
- 36. Critical Thinking about Research
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