Economics provides a serious, analytical approach to the discipline by introducing the main ideas and then developing those ideas with the latest... research, policy, and data. The result is that readers learn to apply economics the way real economists do, by evaluating the decisions in their personal and professional lives. Introduction: What Is Economics?; The Economic Problem. How Markets Work: Demand and Supply; Elasticity; Efficiency and Equity; Markets in Action. Households' Choices: Utility and Demand; Possibilities, Preferences, and Choices. Firms and Markets: Organizing Production; Output and Costs;Perfect Competition; Monopoly; Monopolistic Competition and Oligopoly. Market Failure and Government: Regulation and Antitrust Law; Externalities; Public Goods and Common Resources. Factor Markets, Inequality, and Uncertainty: Demand and Supply in Factor Markets; Economic Inequality; Uncertainty and Information. Macroeconomic Overview: A First Look at Macroeconomics; Measuring GDP and Economic Growth; Monitoring Jobs and the Price Level. The Economy in the Long Run: At Full Employment: The Classical Model; Economic Growth; Money, the Price Level, and Inflation; The Exchange Rate and the Balance of Payments. The Economy in the Short Run: Aggregate Supply and Aggregate Demand; Expenditure Multipliers: The Keynesian Model; U.S. Inflation, Unemployment, and Business Cycle. Macroeconomic Policy: Fiscal Policy; Monetary Policy. The Global Economy: Trading with the World. For all readers interested in economics.

Get students to think like an Economist using the latest policy and data while incorporating Global Issues. From our global food shortage to global... warming, economic issues permeate our everyday lives. Parkin brings critical issues to the forefront. Each chapter begins with one of today’s key issues, and additional issues appear throughout the chapter to show the real-world applications of the theory being discussed. When the chapter concludes, students “read between the lines” to think critically about a news article relating to the issue, demonstrating how thinking like an economist helps make informed decisions. Parkin is so committed to currency that he uploads news articles almost daily to MyEconLab®, the online assessment and tutorial system that accompanies the text. Assessment questions based on the “Economics in the News” articles will be uploaded periodically so that instructors can assign recent articles within MyEconLab.

Learn economics through real business examples. Hubbard/O'Brien explains the basics of economics by demonstrating how real businesses use economics to... make real decisions everyday. This is something all readers can connect to, as they encounter businesses in their daily lives. And regardless of future career path—opening an art studio, doing social work, trading on Wall Street, working for the government, or bartending at the local pub—readers will benefit from understanding the economic forces behind their work.

Language/Country: English(Unknown)~English(Original Language)~English(Published)~ ISBN-10: 076561751X (0-7656-1751-X)
ISBN-13: 9780765617514... (978-0-7656-1751-4)
ASIN: 076561751X Paperback: 249 pages
Edition: (2007-07) Publisher: M.E. Sharpe

Discover how real-world policy issues, decisions, and applications impact you every day with the practical insights and accessible explanations in... Hall/Lieberman's ECONOMICS. Filled with economic data and trends as current as the most recent headlines, this book uses cutting-edge examples to illustrate core economic theory and application in action. Comprehensive, yet easy-to-understand, this book equips readers with the solid economic foundation needed for success in any career. Streamlined chapters focus on today's most important economic theories and events as well as the latest in economic thinking, all while demonstrating how economics is an integrated, powerful body of knowledge able to address complex domestic and global issues.

Acclaimed economists Hall and Lieberman have made the latest edition of ECONOMICS: PRINCIPLES AND APPLICATIONS as current as the headlines. Since... real-world policy issues, decisions, and applications impact you on an everyday basis, Hall and Lieberman use these true, cutting-edge examples to illustrate core economic theory and application. Straightforward and easy-to-understand, this comprehensive text will equip you with a solid foundation in economics that you can build upon wherever your career path may lead. Hall and Lieberman's careful focus on important economic theories and applications, and how they relate to practical questions, effectively communicates that economics is an integrated, powerful body of knowledge that can address complex domestic and global issues. A wealth of interactive online exercises, graphing applications, and research resources will help reinforce your understanding of economic principles.