Principles of economics /
Robert H. Frank and Ben S. Bernanke, with the assistance of Roger T. Kaufman.
- 3rd ed.
- Boston : McGraw-Hill/Irwin, c2007.
- 1 v. (various pagings) : ill. ; 29 cm.
Various multi-media instructional aids, including web sites, are available to supplement the text.
Includes index.
Part 1: Introduction Thinking like an economist Comparative advantage: the basis for exchange Supply and demand: an introduction Part 2: Competition and the invisible hand Elasticity Demand: the benefit side of the market Perfectly competitive supply: the cost side of the market Efficiency and exchange The quest for profit and the invisible hand International trade Part 3: Market imperfections Monopoly and other forms of imperfect competition Strategic choice in oligopoly, monopolistic competition, and everyday life Externalities and property rights The economics of information Part 4: Economics of public policy Labor markets, poverty, and income distribution The environment, health, and safety Public goods and tax policy Part 5: Macroeconomics: issues and date Macroenconomics: the bird's-eye view of the economy Measuring economic activity: GDP and unemployment Measuring the price level and inflation Part 6: The economy in the long run Economic growth, productivity, and living standards Workers, wages, and unemployment in the modern ecomony Saving and capital formation Money, prices, and the Federal Reserve Financial markets and international capital flows Part 7: The ecomony in the short run Short-term economic fluctuations: an introduction Spending and output in the short run Stabilizing the economy: the role of the Fed Inflation, aggregate supply, and aggregate demand The practice and pitfalls of macroeconomic policy Part 8: The international economy Exchange rates and the open economy
Focussing on a short list of core principles in-depth, this book presents concepts through examples drawn from familiar contexts