Screen LibraryEssentials of economics /
Saved in:
| Main Authors: | |
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| Corporate Authors: | |
| Group Author: | ; |
| Published: |
Academic Press,
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| Publisher Address: | Orlando : |
| Publication Dates: | 1985. |
| Literature type: | eBook |
| Language: | English |
| Edition: | Second edition. |
| Subjects: | |
| Online Access: |
http://www.sciencedirect.com/science/book/9780123110350 |
| Carrier Form: | 1 online resource (xvi, 485 pages) : illustrations |
| Bibliography: | Includes bibliographical references and index. |
| ISBN: |
9781483262949 1483262944 |
| Index Number: | HB171 |
| CLC: | F0 |
| Contents: |
Front Cover; Essentials of Economics; Copyright Page; Dedication; Table of Contents; PREFACE; PART ONE: THE ECONOMIC WAY OF THINKING-AN INTRODUCTION; CHAPTER 1. THE ECONOMIC APPROACH; WHAT IS ECONOMICS ABOUT?; THE ECONOMIC WAY OF THINKING; WHAT DO ECONOMISTS DO?; CHAPTER 2. SOME TOOLS OF THE ECONOMIST; OPPORTUNITY COST IS THE HIGHEST VALUED OPPORTUNITY LOST; THE PRODUCTION POSSIBILITIES CURVE; TRADE TIPS AND COMPARATIVE ADVANTAGE; DIVISION OF LABOR, SPECIALIZATION, AND EXCHANGEIN ACCORDANCE WITH THE LAW OF COMPARATIVE ADVANTAGE. Three economizing decisions facing all nations: what, how, and for whom?two methods of making decisions-the market and government planning; chapter 3. supply, dem and, andthe market process; scarcity necessitates rationing; consumer choice and the law of demand; producer choice and the law of supply; markets and the coordination of supply and demand; shifts in demand and changes in quantity demanded; shifts in supply; time and the adjustment process; how the market answers the three basic economic questions; the communicating, coordinating, and motivating functions of the market. Chapter 4. supply and demand for the public sectorideal economic efficiency; why might the invisible hand fail?; the economics of collective action; conflicts between good economics and good politics; part two: macroeconomics; chapter 5. taking the nation's economic pulse; micro- and macroeconomics; the concept of gnp; two measures of gnp and why they are equal; depreciation and net national product; other related income measures; what gnp does not consider; what gnp measures; employment and economic instability; three types of unemployment; what is full employment? The economics of inflationwho gains and who loses from inflation?; chapter 6. aggregate demandand equilibrium ina simple keynesianmodel; net exports as a component of aggregate demand; the multiplier principle; the paradox of thrift; investment instability and the accelerator; the accelerator-multiplier interaction and the role of inventories; the central theme of keynes; chapter 7. fiscal policy anddem and management; fiscal policy in historical perspective; fiscal policy for dealing with inflation; fiscal policy and budget deficits; practical limitations of demand-management strategy. Automatic stabilizerschapter 8. aggregate supply, fiscal policy, andstabilization; the determinants of aggregate supply; the aggregate supply curve for the constrained economy; fiscal policy, aggregate demand, and aggregate supply; what do we know about fiscal policy?; the dual problems of macroeconomics; addendum; chapter 9. money and the banking system; what is money?; the business of banking; the federal reserve system; chapter 10. money, keynesianism, and monetarism; historical background on the importance of money; how monetary policy works-the modern keynesian view. |