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ECONOMICS: PRINCIPLES AND TOOLS 4/E

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    ECONOMICS: PRINCIPLES AND TOOLS 4/E

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    內容簡介

      O’Sullivan/Sheffrin makes use of Active Learning Tools which get students involved in role-playing, help them apply concepts, and offer reinforcement of the material (tools include: Economic Experiments, Application Questions, and Test Your Understanding Questions). The text provides a clear, concise, and accessible presentation of key points. Its hallmark feature includes a focus on the 5 Key Principles of Economics–1) Opportunity Cost, 2) The Marginal Principle (comparing marginal benefits and marginal costs), 3) Diminishing Returns, 4) The Principle of Voluntary Exchange, 5) The Real-Nominal Principle (distinguishing real from nominal magnitudes). It is available in a hardbound, Economics text, as well as, Micro and Macro splits.

    FEATURES:

      1.Shows students the logic of economic reasoning and demystifies the tools of economics by returning to these 5 principles repeatedly throughout the text.

      2.Highlights the globalization of the world economy.

      3.The treatment is renowned for its clarity. The Experiment in this chapter is also a superior example of driving the D&S concepts home for students.

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    目錄

    Part 1. Introduction and Key Principles
    1. Introduction: What is Economics?
    2. Key Principles of Economics
    3. Exchange and Markets
    4. Supply, Demand, and Market Equilibrium

    Part 2: A Closer Look at Supply and Demand
    5. Elasticity: A Measure of Responsiveness
    6. Consumer Choice
    7. Market Efficiency and Government Intervention

    Part 3. Information and Externalities
    8. Imperfect Information: Adverse Selection and Moral Hazard
    9. Environmental Policy
    10. Public Goods and Public Choice

    Part 4. Market Structures and Pricing
    11. Production Technology and Cost
    12. Perfect Competition
    13. Monopoly and Price Discrimination
    14. Market Entry and Monopolistic Competition
    15. Oligopoly and Strategic Behavior
    16. Market Structure and Public Policy

    Part 5. The Labor Market and Income Distribution
    17. The Labor Market and the Distribution of Income
    18. Beyond Perfect Competition: Unions, Monopsony, and Imperfect Information

    Part 6. The Basic Concepts in Macroeconomics
    19. Measuring a Nation’s Production and Income
    20. Unemployment and Inflation

    Part 7. The Economy in the Long Run
    21. The Economy at Full Employment
    22. Why Do Economies Grow?

    Part 8. Economic Fluctuations and Fiscal Policy
    23. Aggregate Demand and Aggregate Supply
    24. Fiscal Policy
    25. The Income Expenditure Model
    26. Investment and Financial Intermediation

    Part 9. Money, Banking, and Monetary Policy
    27. Money and the Banking System
    28. The Federal Reserve and Monetary Policy

    Part 10. Inflation, Unemployment, and Economic Policy
    29. From the Short Run to the Long Run
    30. The Dynamics of Inflation and Unemployment
    31. Current Issues in Macroeconomic Policy

    Part 11. The International Economy
    32. International Trade and Public Policy
    33. The World of International Finance

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