E-Book | Principles of Economics

Table of Contents

• Chapter 1: Welcome to Economics!
• Chapter 2: Choice in a World of Scarcity
• Chapter 3: Demand and Supply
• Chapter 4: Labor and Financial Markets
• Chapter 5: Elasticity
• Chapter 6: Consumer Choices
• Chapter 7: Cost and Industry Structure
• Chapter 8: Perfect Competition
• Chapter 9: Monopoly
• Chapter 10: Monopolistic Competition and Oligopoly
• Chapter 11: Monopoly and Antitrust Policy
• Chapter 12: Environmental Protection and Negative Externalities
• Chapter 13: Positive Externalities and Public Goods
• Chapter 14: Poverty and Economic Inequality
• Chapter 15: Issues in Labor Markets: Unions, Discrimination, Immigration
• Chapter 16: Information, Risk, and Insurance
• Chapter 17: Financial Markets
• Chapter 18: Public Economy
• Chapter 19: The Macroeconomic Perspective
• Chapter 20: Economic Growth
• Chapter 21: Unemployment
• Chapter 22: Inflation
• Chapter 23: The International Trade and Capital Flows
• Chapter 24: The Aggregate Supply-Aggregate Demand Model
• Chapter 25: The Keynesian Perspective
• Chapter 26: The Neoclassical Perspective
• Chapter 27: Money and Banking
• Chapter 28: Monetary Policy and Bank Regulation
• Chapter 29: Exchange Rates and International Capital Flows
• Chapter 30: Government Budgets and Fiscal Policy
• Chapter 31: The Macroeconomic Impacts of Government Borrowing
• Chapter 32: Macroeconomic Policy Around the World
• Chapter 33: International Trade
• Chapter 34: Globalization and Protectionism

About the Book

Principles of Economics 3e covers the scope and sequence of most introductory economics courses. The third edition takes a balanced approach to the theory and application of economics concepts. The text uses conversational language and ample illustrations to explore economic theories, and provides a wide array of examples using both fictional and real-world scenarios. The third edition has been carefully and thoroughly updated to reflect current data and understanding, as well as to provide a deeper background in diverse contributors and their impacts on economic thought and analysis. For example, the third edition highlights the research and views of a broader group of economists. Brief references and deeply explored socio-political examples have been updated to showcase the critical – and sometimes unnoticed – ties between economic developments and topics relevant to students.

A fuller list of changes made in Principles of Economics 3e are described in the preface and the transition guide to help instructors transition to the third edition.