Geoffrey Schneider

Economic Principles and Problems (eBook, ePUB)

A Pluralist Introduction

• Format: ePub

Produktbeschreibung

Economic Principles and Problems: A Pluralistic Introduction offers a comprehensive introduction to the major perspectives in modern economics, including mainstream and heterodox approaches. Through providing multiple views of markets and how they work, it leaves readers better able to understand and analyze the complex behaviors of consumers, firms, and government officials, as well as the likely impact of a variety of economic events and policies.

Including explicit coverage of mainstream economics and the major heterodox schools of economic thought-institutionalists, feminists, radical political economists, post-Keynesians, Austrians, and social economists-it allows the reader to choose which ideas they find most compelling in explaining modern economic realities. This second edition includes new and expanded material on international trade (to include disintegration and Brexit), climate issues and perspectives, including degrowth, inter-temporal exchanges and games, non-market exchanges, job opportunities, cost of education, and social media as an industry, as well as additional examples and case studies. The book's suite of digital resources has been updated to include a test bank of multiple-choice and short-answer questions and answers, end-of-chapter questions and answers, and PowerPoint slides.

Written in an engaging style and focused on real-world examples, this textbook brings economics to life. Economic Principles and Problems offers the most contemporary and complete package for any pluralist economics class.

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Produktdetails

• Verlag: Taylor & Francis eBooks
• Erscheinungstermin: 18. März 2025
• Englisch
• ISBN-13: 9781040300886
• Artikelnr.: 72642351

Autorenporträt

Geoffrey Schneider is Presidential Professor of Economics at Bucknell University, Pennsylvania, U.S.A. He is an award-winning teacher, author or co-author of seven books and numerous scholarly articles, and executive director of the International Confederation of Associations for Pluralism in Economics.

Inhaltsangabe

PART I Economics: a pluralist definition 1 What is economics? The answer
depends on who you ask; 2 Scarcity, choice, and opportunity cost: the
mainstream PPC model, its limits, and the importance of institutions; PART
II The evolution of economic ideas and systems 3 The evolution of
pre-capitalist economic systems: from communal societies to empires,
feudalism, and mercantilism; 4 Adam Smith and the rise of capitalism: the
era of laissez-faire; 5 Karl Marx and the dark ages of capitalism:
historical materialism, surplus value, and the exploitation of labor; 6
Thorstein Veblen and monopoly capitalism: the rise of manufacturing and the
fall of laissez-faire; 7 Keynes and mixed market capitalism: how to save
capitalism from itself; 8 Modern economic systems: market-dominated, social
market, and state-dominated economies; PART III Markets, supply, and demand
9 Markets and how they work: the institutional foundations of markets, and
the supply and demand model; 10 Applications of supply and demand: wages,
advertising, price floors and ceilings, excise taxes and subsidies,
consumer and producer surplus, and elasticity; 11 Consumer and supplier
behavior: the complexities of market analysis; PART IV Market structures
and corporations 12 Different types of market structures: how market
outcomes differ by market structure; 13 Theories of firm behavior:
short-run and long-run costs of production; 14 Perfect competition and
competitive markets: the perfect, Smithian market structure; 15 Monopoly
and monopoly power: natural and non-natural monopolies and how the
government regulates them; 16 Monopolistic competition: the market for
local services and easy-to-enter industries with unique products; 17
Oligopoly and strategic behavior: large firm competition and an
introduction to game theory; 18 Corporations and their role in society: the
good and bad side of limited liability corporations; PART V Government
intervention in microeconomic markets 19 Market failure and government
failure: the role for government in microeconomic markets; 20 The economics
of the environment and climate change: a key issue of our time; 21 Public
goods and services: do we have the right balance of public and private
goods and services?; PART VI Labor markets and inequality 22 Working for a
living: the labor market and forces that affect your working life; 23
Inequality, a key modern issue: class, race, gender, and distribution;
PART VII Macroeconomic issues and problems 24 Modern macroeconomics: the
evolution of macroeconomic theory and the macroeconomy in the modern era;
25 Macroeconomic well-being: measuring and setting goals for the
macroeconomy; 26 Unemployment and price instability: the major
macroeconomic market failures; PART VIII Macroeconomic models 27 Aggregate
demand and aggregate supply: a mainstream economics model of the
macroeconomy; 28 The Keynesian aggregate expenditure model: the foundation
of modern macroeconomics; PART IX Stabilization policy 29 Fiscal policy,
debt, and deficits: the macroeconomic role of government: fiscal activism
vs. austerity; 30 Money, banking, and the financial sector: how money
markets make the world go around; 31 Monetary policy: central banks,
stabilization policy, and regulating financial markets; 32 Crises,
financial and otherwise: the causes and consequences of economic crises and
how they can be averted; PART X Growth and global interconnectedness 33
Economic growth: the forces that stimulate economic development; 34
International trade and integration: how unregulated trade, protectionism,
and trade agreements affect economies; 35 International finance and open
economy macro-economics: exchange rates, financial flows, and the balance
of payments