Tyler Cowen

Modern Principles of Economics

• Gebundenes Buch

Produktbeschreibung

Engaging authors, unbiased presentations of essential ideas, and a knack for revealing the 'invisible hand' of economics at work inform the thoroughly updated new edition of Modern Principles, drawing on a wealth of captivating applications to show readers how economics shed light on business, politics, world affairs, and everyday life.

Produktdetails

• Verlag: W H FREEMAN & CO
• Revised
• Seitenzahl: 800
• Erscheinungstermin: Juni 2012
• Englisch
• ISBN-13: 9781464128745
• ISBN-10: 146412874X
• Artikelnr.: 41245501

Autorenporträt

Tyler Cowen and Alex Tabarrok

Inhaltsangabe

The Big Ideas
The Power of Trade and Comparative Advantage
PART I: SUPPLY AND DEMAND
Supply and Demand
Equilibrium: How Supply and Demand Determine Prices
Elasticity and its Applications
Appendix: Other Types of Elasticities
Appendix: Elasticities with Excel
Taxes and Subsidies
PART II: THE PRICE SYSTEM
The Price System: Signals, Speculation and Prediction
Price Ceilings and Price Floors
International Trade
Externalities: When Prices Send the Wrong Signals
PART III: FIRMS AND FACTOR MARKETS
Costs
Appendix: Using Excel to Graph Cost Curves
Competition and the Invisible Hand
Monopoly
Price Discrimination
Appendix: Solving Price Discrimination Problems with Excel
Cartels, Oligopolies, and Monopolistic Competition
The Economics of Network Goods: Competing for Monopoly
Labor Markets
PART IV: GOVERNMENT
Public Goods and the Tragedy of the Commons
Appendix: The Tragedy of the Commons: How Fast?
Political Economy and Public Choice
Economics, Ethics and Public Policy
PART V: DECISION MAKING FOR BUSINESSES, INVESTORS, AND CONSUMERS
Managing Incentives
Stock Markets and Personal Finance
Consumer Choice
PART VI: ECONOMIC GROWTH
GDP and The Measurement of Progress
The Wealth of Nations and Economic Growth
Appendix: The Magic of Compound Growth: Using a Spreadsheet
Growth, Capital Accumulation and the Economics of Ideas: Catching Up vs.
The Cutting Edge
Appendix: Excellent Growth
Savings, Investment, and the Financial System
Appendix: Bond Pricing and Arbitrage
PART VII: BUSINESS FLUCTUATIONS
Unemployment and Labor Force Participation
Inflation and the Quantity Theory of Money
Appendix: Get Real! An Excellent Adventure
Business Fluctuations: Aggregate Demand and Supply
Transmission and Amplification Mechanisms
Appendix: Business Fluctuations and the Solow Model
PART VIII: MACROECONOMIC POLICY AND INSTITUTIONS
The Federal Reserve System and Open Market Operations
Appendix: The Money Multiplier Process in Detail
Monetary Policy
The Federal Budget: Taxes and Spending
Fiscal Policy
PART IX: INTERNATIONAL ECONOMICS
International Finance