PRINCIPLES OF MICROECONOMICS, Second Edition, is an introduction to foundational microeconomic concepts. The text challenges students to consider the effects of microeconomics on market systems.
Feature boxes in each chapter highlight the different roles of economics in both national and international policies and trade.
Students also learn to identify, compute, and interpret economic data. Mini-lecture videos and interactive graphs enable students to actively engage with the content.
Part I Introduction to Economics
Chapter 1 Economics, Economic Methods, and Economic Policy
Chapter 2 Markets, Governments, and Nations: The Organization of Economic Activity
Chapter 3 Supply and Demand: The Basics of Economic Analysis
Part II Introduction to Macroeconomics
Chapter 4 Unemployment, Inflation, and Economic Fluctuations
Chapter 5 The Measure of Output, Income, and Economic Growth
Chapter 6 Aggregate Demand and Aggregate Supply
Part III Determining Output and Employment: Keynesian Macroeconomics and Fiscal Policy
Chapter 7 Classical Macroeconomics and the Keynesian Challenge
Chapter 8 The Keynesian Model
Chapter 9 Government Spending, Taxes, and Fiscal Policy
Chapter 10 Budget Deficits and the National Debt
Part IV Money, Financial Markets, and Monetary Policy
Chapter 11 The Role of Money in a Market Economy
Chapter 12 Banking and the Federal Reserve System
Chapter 13 Monetary Policy in Theory and Practice
Part V Policy Challenges for the 2020s
Chapter 14 Current Issues in Stabilization Policy
Chapter 15 Aggregate Supply, Economic Growth, and Macroeconomic Policy
Chapter 16 The Challenge of Economic Development
Glossary
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