Economics : private and public choice /
Gwartney, James D.,
Economics : private and public choice / James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson. - 16th edition. - xxix, 753 pages : illustrations (some colour) ; 28 cm
Includes bibliographical references and index.
Part I: THE ECONOMIC WAY OF THINKING. 1. The Economic Approach. 2. Some Tools of the Economist. Part II: MARKETS AND GOVERNMENT. 3. Demand, Supply, and the Market Process. 4. Supply and Demand: Applications and Extensions. 5. Difficult Cases for the Market, and the Role of Government. 6. The Economics of Political Action. Part III: CORE MACROECONOMICS. 7. Taking the Nation’s Economic Pulse. 8. Economic Fluctuations, Unemployment, and Inflation. 9. An Introduction to Basic Macroeconomic Markets. 10. Dynamic Change, Economic Fluctuations, and the AD--AS Model. 11. Fiscal Policy: The Keynesian View and the Historical Development of Macroeconomics. 12. Fiscal Policy: Incentives, and Secondary Effects. 13. Money and the Banking System. 14. Modern Macroeconomics and Monetary Policy. 15. Stabilization Policy, Output, and Employment. 16. Creating an Environment for Growth and Prosperity. 17. Institutions, Policies, and Cross-Country Differences in Income and Growth. Part IV: INTERNATIONAL ECONOMICS. 18. Gaining from International Trade. 19. International Finance and the Foreign Exchange Market. Part V: CORE MICROECONOMICS. 20. Consumer Choice and Elasticity. 21. Costs and the Supply of Goods. 22. Price Takers and the Competitive Process. 23. Price-Searcher Markets with Low Entry Barriers. 24. Price-Searcher Markets with High Entry Barriers. 25. The Supply of and Demand for Productive Resources. 26. Earnings, Productivity, and the Job Market. 27. Investment, the Capital Market, and the Wealth of Nations. 28. Income Inequality and Poverty. Part VI: APPLYING THE BASICS: SPECIAL TOPICS IN ECONOMICS. Special Topic 1. Government Spending and Taxation. Special Topic 2. The Economics of Social Security. Special Topic 3. The Stock Market: Its Function, Performance, and Potential as an Investment Opportunity. Special Topic 4. Great Debates in Economics: Keynes versus Hayek. Special Topic 5. The Crisis of 2008: Causes and Lessons for the Future. Special Topic 6. Lessons from the Great Depression. Special Topic 7. The Federal Budget and the National Debt. Special Topic 8. The Economics of Health Care. Special Topic 9. Earnings Differences Between Men and Women. Special Topic 10. Do Labor Unions Increase the Wages of Workers? Special Topic 11. The Question of Resource Exhaustion. Special Topic 12. Difficult Environmental Cases and the Role of Government. Appendix A. General Business and Economics Indicators for the United States. Appendix B. Answers to Selected Critical Analysis Questions.
Prepare students to apply economic concepts to the world around them as Economics: Private and Public Choice 16E reflects current economic conditions. This readable book integrates public choice analysis and explains the operation of markets and the political process as well as market failure and government failure. The book emphasizes why it is vital to understand both the market and political processes since approximately 40 percent of national income is allocated through the political process. Up-to-date coverage presents major current macroeconomic models and stresses the difficulties models face in explaining recent economic data. Students analyze the Great Recession of 2008-2009. This book dispels common economic myths and uses the "invisible hand" metaphor to explain economic theory. This edition includes Aplia online with revised questions, accessibility on mobile devices, improved graphing, and a new interactive eReader with videos and graphing tutorials.
1305506723 9781305506725
2016952397
Economics.
HB171.5 / .G96 2018
330
Economics : private and public choice / James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson. - 16th edition. - xxix, 753 pages : illustrations (some colour) ; 28 cm
Includes bibliographical references and index.
Part I: THE ECONOMIC WAY OF THINKING. 1. The Economic Approach. 2. Some Tools of the Economist. Part II: MARKETS AND GOVERNMENT. 3. Demand, Supply, and the Market Process. 4. Supply and Demand: Applications and Extensions. 5. Difficult Cases for the Market, and the Role of Government. 6. The Economics of Political Action. Part III: CORE MACROECONOMICS. 7. Taking the Nation’s Economic Pulse. 8. Economic Fluctuations, Unemployment, and Inflation. 9. An Introduction to Basic Macroeconomic Markets. 10. Dynamic Change, Economic Fluctuations, and the AD--AS Model. 11. Fiscal Policy: The Keynesian View and the Historical Development of Macroeconomics. 12. Fiscal Policy: Incentives, and Secondary Effects. 13. Money and the Banking System. 14. Modern Macroeconomics and Monetary Policy. 15. Stabilization Policy, Output, and Employment. 16. Creating an Environment for Growth and Prosperity. 17. Institutions, Policies, and Cross-Country Differences in Income and Growth. Part IV: INTERNATIONAL ECONOMICS. 18. Gaining from International Trade. 19. International Finance and the Foreign Exchange Market. Part V: CORE MICROECONOMICS. 20. Consumer Choice and Elasticity. 21. Costs and the Supply of Goods. 22. Price Takers and the Competitive Process. 23. Price-Searcher Markets with Low Entry Barriers. 24. Price-Searcher Markets with High Entry Barriers. 25. The Supply of and Demand for Productive Resources. 26. Earnings, Productivity, and the Job Market. 27. Investment, the Capital Market, and the Wealth of Nations. 28. Income Inequality and Poverty. Part VI: APPLYING THE BASICS: SPECIAL TOPICS IN ECONOMICS. Special Topic 1. Government Spending and Taxation. Special Topic 2. The Economics of Social Security. Special Topic 3. The Stock Market: Its Function, Performance, and Potential as an Investment Opportunity. Special Topic 4. Great Debates in Economics: Keynes versus Hayek. Special Topic 5. The Crisis of 2008: Causes and Lessons for the Future. Special Topic 6. Lessons from the Great Depression. Special Topic 7. The Federal Budget and the National Debt. Special Topic 8. The Economics of Health Care. Special Topic 9. Earnings Differences Between Men and Women. Special Topic 10. Do Labor Unions Increase the Wages of Workers? Special Topic 11. The Question of Resource Exhaustion. Special Topic 12. Difficult Environmental Cases and the Role of Government. Appendix A. General Business and Economics Indicators for the United States. Appendix B. Answers to Selected Critical Analysis Questions.
Prepare students to apply economic concepts to the world around them as Economics: Private and Public Choice 16E reflects current economic conditions. This readable book integrates public choice analysis and explains the operation of markets and the political process as well as market failure and government failure. The book emphasizes why it is vital to understand both the market and political processes since approximately 40 percent of national income is allocated through the political process. Up-to-date coverage presents major current macroeconomic models and stresses the difficulties models face in explaining recent economic data. Students analyze the Great Recession of 2008-2009. This book dispels common economic myths and uses the "invisible hand" metaphor to explain economic theory. This edition includes Aplia online with revised questions, accessibility on mobile devices, improved graphing, and a new interactive eReader with videos and graphing tutorials.
1305506723 9781305506725
2016952397
Economics.
HB171.5 / .G96 2018
330