| Edition |
Ninth edition. |
| Description |
xi, 434 pages : color illustrations ; 24 cm |
| Contents |
pt. 1. The economic system -- ch.1. The nature and scope of economics -- Economics defined -- Economics in relation to other sciences -- Economic theory versus economic policy -- Economic decision making and public policy -- Microeconomics and macroeconomics -- ch.2. The process of economizing -- Economizing -- Problems of scarcity -- Specialization and exchange -- Absolute and comparative advantage -- ch. 3. Our economic system -- market economy -- Business firms -- Competition in the economy -- Role of the government in the economy -- Goals for the U.S. Economy -- Other economic systems -- ch. 4. The circular flow of income -- Circular flow demonstrated -- Government and the circular flow -- Complicating factors -- Inflation -- |
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pt. 2. The market mechanism and competition -- ch.4. Price : the role of demand and supply -- The market mechanism -- Demand -- Supply -- How demand and supply determine price -- Price elasticity of demand -- ch. 6. Production, cost, and profit -- The production function -- Costs of production -- Revenue and profit -- Economic profit -- ch. 7. Perfect competition -- Characteristics of perfect competition -- Price and profit in the short run -- Price and profit in the long run -- The social impact of perfect competition -- ch. 8. Imperfect competition -- Monopoly -- Monopoly price -- Monopolistic competition -- Oligopoly -- Perfect competitive versus monopolistic pricing -- Market structure in the United States -- How much monopoly is tolerable? -- Antitrust laws -- |
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pt. 3. Money, credit, and banking -- ch. 9. Money, credit, and banking -- ch. 9. Money and total income -- The supply of money and total income -- Changes in the price level -- ch. 10. Money : its nature, function, and creation -- The nature of money -- Creation of money -- Milton Friedman and the monetary rule -- ch. 11. The Federal Reserve and the money supply -- Structure of the Federal Reserve System -- Federal Reserve control of the money supply -- Federal Reserve policy -- Recommended changes in Federal Reserve structure and policy -- Current issues in banking -- |
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pt. 4. Production, income, and employment -- ch.12. 6 GNP and national income -- The Gross national product (GNP) -- GNP as a measure of economic progress -- Flow of funds -- National wealth -- ch. 13. Personal income distribution -- Individual, family, and household income -- Urban family budgets -- The nature and extent of poverty -- personal income in other nations -- ch.1 4. macroeconomic models and analysis -- Aggregate demand and aggregate supply -- Classical analysis -- Keynesian analysis -- Aggregate supply and aggregate demand again -- ch. 15. The meaning of full employment -- The labor force -- Types of unemployment -- The Employment Act of 1946 -- The Full Employment and Balanced Growth Act of 1978 -- Worker mobility and immigration -- Unemployment rates in the United States and elsewhere -- ch. 16. Business cycles -- Actual versus potential output -- The business cycle -- Trough -- Expansion - Peak -- Contraction -- Factors that may modify the business cycle -- Business cycle indicators -- Causes of the business cycle -- |
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pt. 5. Economic activity and policies -- ch. 17. Expansionary policies -- Policies to alleviate unemployment -- Expansionary policies of the 1930s -- Expansionary measures of the 1960s -- Fiscal policies of the 1970s and 1980s -- ch. 18. Anti-inflationary policies -- Measures to reduce total spending -- The trade-off between unemployment and inflation -- Wartime inflation -- Hyperinflation abroad -- Inflationary experience in the United States -- Some problems of disinflation and deflation -- ch. 19. Taxation, budgetary policy, and the National Debt -- Taxation -- The tax-rate structure -- The tax burden -- Purposes of taxation -- Budgetary policy -- Problems of national debt -- Debt ceiling -- ch. 20. The changing economic environment -- Recent U.S. economic policy -- The changing economic environment -- The theory of rational expectations -- Supply-side economics -- Estimating future growth of the economy -- |
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pt. 6. International economics -- ch. 21. International trade and aid -- The purpose of international trade -- Barriers to free trade -- U.S. Trade policy -- Trade policy today -- European economic integration -- Aid through the World Bank -- ch. 22. The balance of international payments -- Balance of trade -- Balance of payments -- Foreign exchange rates -- International Monetary Fund -- U.s. Balance of payments -- Glossary -- Index. |
| Note |
Includes index. |
| Subject |
Economics.
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| Added Author |
Mastrianna, Frank V.
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| ISBN |
0538811269 |
|
9780538811262 |
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