The economy is tough -- but understanding economics doesn't have to be. In fact, opening the world of economics can be exciting with Arnold's popular ECONOMICS, 14E. Economic tools, new thinking and theories show you how economic forces impact daily events and form an important part of life 24/7. Current, everyday economic examples and updated discussions and learning features illustrate many unexpected places economics can occur. You learn how supply and demand play out on a freeway, what money is and isn't, how a person pays for good weather and why some countries are rich while others are…mehr
The economy is tough -- but understanding economics doesn't have to be. In fact, opening the world of economics can be exciting with Arnold's popular ECONOMICS, 14E. Economic tools, new thinking and theories show you how economic forces impact daily events and form an important part of life 24/7. Current, everyday economic examples and updated discussions and learning features illustrate many unexpected places economics can occur. You learn how supply and demand play out on a freeway, what money is and isn't, how a person pays for good weather and why some countries are rich while others are poor. Three new chapters examine economic research, health economics and forces like creative destruction and crony capitalism. Revised coverage of the Federal Reserve System reviews changes in monetary policy. Digital video lectures and digital features guide you in understanding economic diagrams and building graphs, while online MindTap, Aplia and A+ Test Prep help you assess your understanding.
Dr. Roger Arnold is at California State University San Marcos, where his fields of specialization are general microeconomic theory and monetary theory. Dr. Arnold earned his B.S. in economics from the University of Birmingham in England. He received his Ph.D. in economics from Virginia Tech.
Inhaltsangabe
An Introduction to Economics.Part I: ECONOMICS: THE SCIENCE OF SCARCITY.1. What Economics Is About.Appendix A: Working with Diagrams.Appendix B: Should You Major in Economics?2. Production Possibilities Frontier Framework.3. Supply and Demand: Theory.4. Prices: Free, Controlled, and Relative.5. Supply, Demand, and Price: Applications.Macroeconomics.Part II: MACROECONOMIC FUNDAMENTALS.6. Macroeconomic Measurements, Part I: Prices and Unemployment.7. Macroeconomic Measurements, Part II: GDP and Real GDP.Part III: MACROECONOMIC STABILITY, INSTABILITY, AND FISCAL POLICY.8. Aggregate Demand and Aggregate Supply.9. Classical Macroeconomics and the Self-Regulating Economy.10. Keynesian Macroeconomics and Economic Instability: A Critique of the Self-Regulating Economy.11. Fiscal Policy and the Federal Budget.Part IV: MONEY, THE ECONOMY, AND MONETARY POLICY.12. Money, Banking and the Financial System.13. The Federal Reserve System.14. Money and the Economy.15. Monetary Policy.Appendix C: Bond Prices and Interest Rates.Part V: EXPECTATIONS AND GROWTH.16. Expectations Theory and the Economy.17. Economic Growth: Resources, Technology, Ideas, and Institutions.Part VI: CREATIVE DESTRUCTION AND CRONY CAPITALISM18. Creative Destruction and Crony Capitalism: Two Forces on the Economic Landscape TodayMicroeconomicsPart VII: MICROECONOMIC FUNDAMENTALS.19. Elasticity.20. Consumer Choice: Maximizing Utility and Behavioral Economics.Appendix D: Budget Constraint and Indifference Curve Analysis.21. Production and Costs.Part VIII: PRODUCT MARKETS AND POLICIES.22. Perfect Competition.23. Monopoly.24. Monopolistic Competition, Oligopoly, and Game Theory.25. Government and Product Markets: Antitrust and Regulation.Part IX: FACTOR MARKETS AND RELATED ISSUES.26. Factor Markets: With Emphasis on the Labor Market.27. Wages, Unions, and Labor.28. The Distribution of Income and Poverty.29. Interest, Rent, and Profit.Part X: HEALTH ECONOMICS30. Health Economics: Experiments, Disparities, and PricesPart XI: MARKET FAILURE, PUBLIC CHOICE, AND SPECIAL-INTEREST-GROUP POLITICS.31. Market Failure: Externalities, Public Goods, and Asymmetric Information.32. Public Choice and Special-Interest-Group Politics.Part XII: ECONOMIC THEORIES AND RESEARCH33. New Frontiers in Economic Research: Causal Inference and Machine LearningInternational EconomicsPart XIII: INTERNATIONAL TRADE AND FINANCE34. International Trade.35. International Finance.
An Introduction to Economics.Part I: ECONOMICS: THE SCIENCE OF SCARCITY.1. What Economics Is About.Appendix A: Working with Diagrams.Appendix B: Should You Major in Economics?2. Production Possibilities Frontier Framework.3. Supply and Demand: Theory.4. Prices: Free, Controlled, and Relative.5. Supply, Demand, and Price: Applications.Macroeconomics.Part II: MACROECONOMIC FUNDAMENTALS.6. Macroeconomic Measurements, Part I: Prices and Unemployment.7. Macroeconomic Measurements, Part II: GDP and Real GDP.Part III: MACROECONOMIC STABILITY, INSTABILITY, AND FISCAL POLICY.8. Aggregate Demand and Aggregate Supply.9. Classical Macroeconomics and the Self-Regulating Economy.10. Keynesian Macroeconomics and Economic Instability: A Critique of the Self-Regulating Economy.11. Fiscal Policy and the Federal Budget.Part IV: MONEY, THE ECONOMY, AND MONETARY POLICY.12. Money, Banking and the Financial System.13. The Federal Reserve System.14. Money and the Economy.15. Monetary Policy.Appendix C: Bond Prices and Interest Rates.Part V: EXPECTATIONS AND GROWTH.16. Expectations Theory and the Economy.17. Economic Growth: Resources, Technology, Ideas, and Institutions.Part VI: CREATIVE DESTRUCTION AND CRONY CAPITALISM18. Creative Destruction and Crony Capitalism: Two Forces on the Economic Landscape TodayMicroeconomicsPart VII: MICROECONOMIC FUNDAMENTALS.19. Elasticity.20. Consumer Choice: Maximizing Utility and Behavioral Economics.Appendix D: Budget Constraint and Indifference Curve Analysis.21. Production and Costs.Part VIII: PRODUCT MARKETS AND POLICIES.22. Perfect Competition.23. Monopoly.24. Monopolistic Competition, Oligopoly, and Game Theory.25. Government and Product Markets: Antitrust and Regulation.Part IX: FACTOR MARKETS AND RELATED ISSUES.26. Factor Markets: With Emphasis on the Labor Market.27. Wages, Unions, and Labor.28. The Distribution of Income and Poverty.29. Interest, Rent, and Profit.Part X: HEALTH ECONOMICS30. Health Economics: Experiments, Disparities, and PricesPart XI: MARKET FAILURE, PUBLIC CHOICE, AND SPECIAL-INTEREST-GROUP POLITICS.31. Market Failure: Externalities, Public Goods, and Asymmetric Information.32. Public Choice and Special-Interest-Group Politics.Part XII: ECONOMIC THEORIES AND RESEARCH33. New Frontiers in Economic Research: Causal Inference and Machine LearningInternational EconomicsPart XIII: INTERNATIONAL TRADE AND FINANCE34. International Trade.35. International Finance.
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