Principles of Economics
by Frank, Robert; Bernanke, BenEdition: 5th
Format: Hardcover
Pub. Date: 2012-01-21
Publisher(s): McGraw-Hill/Irwin
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Summary
Frank/Bernanke also encourages students to become "Economic Naturalists," by employing basic economic principles to understand and explain what they observe in the world around them. An economic naturalist understands, for example, that infant safety seats are required in cars but not in airplanes because the marginal cost of space to accommodate these seats is typically zero in cars but often hundreds of dollars in airplanes. Such examples engage student interest while teaching them to see each feature of their economic landscape as the reflection of an implicit or explicit cost-benefit calculation.
Table of Contents
Part 1 Introduction 1. Thinking Like an Economist2. Comparative Advantage3. Supply and DemandPart 2 Competition and the Invisible Hand4. Elasticity5. Demand6. Perfectly Competitive Supply7. Efficiency, Exchange, and the Invisible Hand in ActionPart 3 Market Imperfections8. Monopoly, Oligopoly, and Monopolistic Competition9. Games and Strategic Behavior10. Externalities and Property Rights11. The Economics of InformationPart 4 Economics of Public Policy12. Labor Markets, Poverty, and Income Distribution13. The Environment, Health, and Safety14. Public Goods and Tax PolicyPart 5 Macroeconomics: Data and Issues15. Spending, Income, and GDP16. Inflation and the Price Level17. Wages and UnemploymentPart 6 The Economy in the Long Run18. Economic Growth19. Saving, Capital Formation, and Financial Markets20. Money, Prices, and the Financial System Part 7 The Economy in the Short Run21. Short-Term Economic Fluctuations 22. Spending, Output, and Fiscal Policy23. Monetary Policy and the Federal Reserve24. Aggregate Demand, Aggregate Supply, and Business Cycles 25. Macroeconomic PolicyPart 8 The International Economy26. Exchange Rates, International Trade, and Capital Flows
2. Comparative Advantage3. Supply and DemandPart 2 Competition and the Invisible Hand4. Elasticity5. Demand6. Perfectly Competitive Supply7. Efficiency, Exchange, and the Invisible Hand in ActionPart 3 Market Imperfections8. Monopoly, Oligopoly, and Monopolistic Competition9. Games and Strategic Behavior10. Externalities and Property Rights11. The Economics of InformationPart 4 Economics of Public Policy12. Labor Markets, Poverty, and Income Distribution13. The Environment, Health, and Safety14. Public Goods and Tax PolicyPart 5 Macroeconomics: Data and Issues15. Spending, Income, and GDP16. Inflation and the Price Level17. Wages and UnemploymentPart 6 The Economy in the Long Run18. Economic Growth19. Saving, Capital Formation, and Financial Markets20. Money, Prices, and the Financial System Part 7 The Economy in the Short Run21. Short-Term Economic Fluctuations 22. Spending, Output, and Fiscal Policy23. Monetary Policy and the Federal Reserve24. Aggregate Demand, Aggregate Supply, and Business Cycles 25. Macroeconomic PolicyPart 8 The International Economy26. Exchange Rates, International Trade, and Capital Flows
Part 2 Competition and the Invisible Hand4. Elasticity5. Demand6. Perfectly Competitive Supply7. Efficiency, Exchange, and the Invisible Hand in ActionPart 3 Market Imperfections8. Monopoly, Oligopoly, and Monopolistic Competition9. Games and Strategic Behavior10. Externalities and Property Rights11. The Economics of InformationPart 4 Economics of Public Policy12. Labor Markets, Poverty, and Income Distribution13. The Environment, Health, and Safety14. Public Goods and Tax PolicyPart 5 Macroeconomics: Data and Issues15. Spending, Income, and GDP16. Inflation and the Price Level17. Wages and UnemploymentPart 6 The Economy in the Long Run18. Economic Growth19. Saving, Capital Formation, and Financial Markets20. Money, Prices, and the Financial System Part 7 The Economy in the Short Run21. Short-Term Economic Fluctuations 22. Spending, Output, and Fiscal Policy23. Monetary Policy and the Federal Reserve24. Aggregate Demand, Aggregate Supply, and Business Cycles 25. Macroeconomic PolicyPart 8 The International Economy26. Exchange Rates, International Trade, and Capital Flows
5. Demand6. Perfectly Competitive Supply7. Efficiency, Exchange, and the Invisible Hand in ActionPart 3 Market Imperfections8. Monopoly, Oligopoly, and Monopolistic Competition9. Games and Strategic Behavior10. Externalities and Property Rights11. The Economics of InformationPart 4 Economics of Public Policy12. Labor Markets, Poverty, and Income Distribution13. The Environment, Health, and Safety14. Public Goods and Tax PolicyPart 5 Macroeconomics: Data and Issues15. Spending, Income, and GDP16. Inflation and the Price Level17. Wages and UnemploymentPart 6 The Economy in the Long Run18. Economic Growth19. Saving, Capital Formation, and Financial Markets20. Money, Prices, and the Financial System Part 7 The Economy in the Short Run21. Short-Term Economic Fluctuations 22. Spending, Output, and Fiscal Policy23. Monetary Policy and the Federal Reserve24. Aggregate Demand, Aggregate Supply, and Business Cycles 25. Macroeconomic PolicyPart 8 The International Economy26. Exchange Rates, International Trade, and Capital Flows
7. Efficiency, Exchange, and the Invisible Hand in ActionPart 3 Market Imperfections8. Monopoly, Oligopoly, and Monopolistic Competition9. Games and Strategic Behavior10. Externalities and Property Rights11. The Economics of InformationPart 4 Economics of Public Policy12. Labor Markets, Poverty, and Income Distribution13. The Environment, Health, and Safety14. Public Goods and Tax PolicyPart 5 Macroeconomics: Data and Issues15. Spending, Income, and GDP16. Inflation and the Price Level17. Wages and UnemploymentPart 6 The Economy in the Long Run18. Economic Growth19. Saving, Capital Formation, and Financial Markets20. Money, Prices, and the Financial System Part 7 The Economy in the Short Run21. Short-Term Economic Fluctuations 22. Spending, Output, and Fiscal Policy23. Monetary Policy and the Federal Reserve24. Aggregate Demand, Aggregate Supply, and Business Cycles 25. Macroeconomic PolicyPart 8 The International Economy26. Exchange Rates, International Trade, and Capital Flows
8. Monopoly, Oligopoly, and Monopolistic Competition9. Games and Strategic Behavior10. Externalities and Property Rights11. The Economics of InformationPart 4 Economics of Public Policy12. Labor Markets, Poverty, and Income Distribution13. The Environment, Health, and Safety14. Public Goods and Tax PolicyPart 5 Macroeconomics: Data and Issues15. Spending, Income, and GDP16. Inflation and the Price Level17. Wages and UnemploymentPart 6 The Economy in the Long Run18. Economic Growth19. Saving, Capital Formation, and Financial Markets20. Money, Prices, and the Financial System Part 7 The Economy in the Short Run21. Short-Term Economic Fluctuations 22. Spending, Output, and Fiscal Policy23. Monetary Policy and the Federal Reserve24. Aggregate Demand, Aggregate Supply, and Business Cycles 25. Macroeconomic PolicyPart 8 The International Economy26. Exchange Rates, International Trade, and Capital Flows
10. Externalities and Property Rights11. The Economics of InformationPart 4 Economics of Public Policy12. Labor Markets, Poverty, and Income Distribution13. The Environment, Health, and Safety14. Public Goods and Tax PolicyPart 5 Macroeconomics: Data and Issues15. Spending, Income, and GDP16. Inflation and the Price Level17. Wages and UnemploymentPart 6 The Economy in the Long Run18. Economic Growth19. Saving, Capital Formation, and Financial Markets20. Money, Prices, and the Financial System Part 7 The Economy in the Short Run21. Short-Term Economic Fluctuations 22. Spending, Output, and Fiscal Policy23. Monetary Policy and the Federal Reserve24. Aggregate Demand, Aggregate Supply, and Business Cycles 25. Macroeconomic PolicyPart 8 The International Economy26. Exchange Rates, International Trade, and Capital Flows
Part 4 Economics of Public Policy12. Labor Markets, Poverty, and Income Distribution13. The Environment, Health, and Safety14. Public Goods and Tax PolicyPart 5 Macroeconomics: Data and Issues15. Spending, Income, and GDP16. Inflation and the Price Level17. Wages and UnemploymentPart 6 The Economy in the Long Run18. Economic Growth19. Saving, Capital Formation, and Financial Markets20. Money, Prices, and the Financial System Part 7 The Economy in the Short Run21. Short-Term Economic Fluctuations 22. Spending, Output, and Fiscal Policy23. Monetary Policy and the Federal Reserve24. Aggregate Demand, Aggregate Supply, and Business Cycles 25. Macroeconomic PolicyPart 8 The International Economy26. Exchange Rates, International Trade, and Capital Flows
13. The Environment, Health, and Safety14. Public Goods and Tax PolicyPart 5 Macroeconomics: Data and Issues15. Spending, Income, and GDP16. Inflation and the Price Level17. Wages and UnemploymentPart 6 The Economy in the Long Run18. Economic Growth19. Saving, Capital Formation, and Financial Markets20. Money, Prices, and the Financial System Part 7 The Economy in the Short Run21. Short-Term Economic Fluctuations 22. Spending, Output, and Fiscal Policy23. Monetary Policy and the Federal Reserve24. Aggregate Demand, Aggregate Supply, and Business Cycles 25. Macroeconomic PolicyPart 8 The International Economy26. Exchange Rates, International Trade, and Capital Flows
Part 5 Macroeconomics: Data and Issues15. Spending, Income, and GDP16. Inflation and the Price Level17. Wages and UnemploymentPart 6 The Economy in the Long Run18. Economic Growth19. Saving, Capital Formation, and Financial Markets20. Money, Prices, and the Financial System Part 7 The Economy in the Short Run21. Short-Term Economic Fluctuations 22. Spending, Output, and Fiscal Policy23. Monetary Policy and the Federal Reserve24. Aggregate Demand, Aggregate Supply, and Business Cycles 25. Macroeconomic PolicyPart 8 The International Economy26. Exchange Rates, International Trade, and Capital Flows
16. Inflation and the Price Level17. Wages and UnemploymentPart 6 The Economy in the Long Run18. Economic Growth19. Saving, Capital Formation, and Financial Markets20. Money, Prices, and the Financial System Part 7 The Economy in the Short Run21. Short-Term Economic Fluctuations 22. Spending, Output, and Fiscal Policy23. Monetary Policy and the Federal Reserve24. Aggregate Demand, Aggregate Supply, and Business Cycles 25. Macroeconomic PolicyPart 8 The International Economy26. Exchange Rates, International Trade, and Capital Flows
Part 6 The Economy in the Long Run18. Economic Growth19. Saving, Capital Formation, and Financial Markets20. Money, Prices, and the Financial System Part 7 The Economy in the Short Run21. Short-Term Economic Fluctuations 22. Spending, Output, and Fiscal Policy23. Monetary Policy and the Federal Reserve24. Aggregate Demand, Aggregate Supply, and Business Cycles 25. Macroeconomic PolicyPart 8 The International Economy26. Exchange Rates, International Trade, and Capital Flows
19. Saving, Capital Formation, and Financial Markets20. Money, Prices, and the Financial System Part 7 The Economy in the Short Run21. Short-Term Economic Fluctuations 22. Spending, Output, and Fiscal Policy23. Monetary Policy and the Federal Reserve24. Aggregate Demand, Aggregate Supply, and Business Cycles 25. Macroeconomic PolicyPart 8 The International Economy26. Exchange Rates, International Trade, and Capital Flows
Part 7 The Economy in the Short Run21. Short-Term Economic Fluctuations 22. Spending, Output, and Fiscal Policy23. Monetary Policy and the Federal Reserve24. Aggregate Demand, Aggregate Supply, and Business Cycles 25. Macroeconomic PolicyPart 8 The International Economy26. Exchange Rates, International Trade, and Capital Flows
22. Spending, Output, and Fiscal Policy23. Monetary Policy and the Federal Reserve24. Aggregate Demand, Aggregate Supply, and Business Cycles 25. Macroeconomic PolicyPart 8 The International Economy26. Exchange Rates, International Trade, and Capital Flows
24. Aggregate Demand, Aggregate Supply, and Business Cycles 25. Macroeconomic PolicyPart 8 The International Economy26. Exchange Rates, International Trade, and Capital Flows
Part 8 The International Economy26. Exchange Rates, International Trade, and Capital Flows
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