Economics

Table of content

PART ONE: Introduction to Economics and the Economy 1 Limits, Alternatives, and Choices 2 The Market System and the Circular Flow


PART TWO: Price, Quantity, and Efficiency 3 Demand, Supply, and Market Equilibrium 4 Market Failures Caused by Externalities and Asymmetric Information 5 Public Goods, Public Choice, and Government Failure


PART THREE: Consumer Behavior 6 Elasticity 7 Utility Maximization 8 Behavioral Economics


PART FOUR: Microeconomics of Product Markets 9 Businesses and the Costs of Production 10 Pure Competition in the Short Run 11 Pure Competition in the Long Run 12 Pure Monopoly 13 Monopolistic Competition 14 Oligopoly and Strategic Behavior 15 Technology, R&D, and Efficiency (available online)


PART FIVE: Microeconomics of Resource Markets and Government 16 The Demand for Resources 17 Wage Determination 18 Rent, Interest, and Profit 19 Natural Resource and Energy Economics (available online) 20 Public Finance: Expenditures and Taxes


PART SIX: Microeconomic Issues and Policies 21 Antitrust Policy and Regulation 22 Agriculture: Economics and Policy (available online) 23 Income Inequality, Poverty, and Discrimination (available online) 24 Health Care 25 Immigration (available online)


PART SEVEN: GDP, Growth, and Instability 26 An Introduction to Macroeconomics 27 Measuring Domestic Output and National Income 28 Economic Growth 29 Business Cycles, Unemployment, and Inflation


PART EIGHT: Macroeconomic Models and Fiscal Policy 30 Basic Macroeconomic Relationships 31 The Aggregate Expenditures Model 32 Aggregate Demand and Aggregate Supply 33 Fiscal Policy, Deficits, and Debt PART NINE: Money, Banking, and Monetary Policy 34 Money, Banking, and Financial Institutions 35 Money Creation 36 Interest Rates and Monetary Policy 37 The IS-LM Model 38 Financial Economics


PART TEN: Extensions and Issues 39 Extending the Analysis of Aggregate Supply 40 Current Issues in Macro Theory and Policy PART ELEVEN: International Economics 41 International Trade

OVERVIEW


Economics is seen as one of the most innovative and popular books in the subject area across the globe. This revised edition of the book offers comprehensive discussion on all major areas of both micro and macro aspects of economics, with inclusion of insightful new content around latest trends. From real-life examples to cutting-edge learning resources, Economics offers a student-centered learning environment that presents content in new, engaging ways. With its modern approach and inclusion of new data, examples, and cases from global as well as Indian context, the book makes learning and applying economics easier for instructors and students alike.