Synopses & Reviews
Arnold's ECONOMICS, Concise Edition focuses on core economics topics, allowing instructors to concentrate on the key concepts they most want their students to understand. Presented in an essential 24 chapters, you'll find the same readability, relatable examples, and solid theory that has made Arnold's ECONOMICS a market leader for seven editions. This text has concise and complete coverage of all core economics concepts, including international trade and finance, providing understanding of all the key topics in less time. Arnold also provides streamlined, topical and concise coverage of important (and sometimes challenging) macroeconomics concepts such as money and banking and monetary and fiscal policy. This is the trademark Arnold solid foundation and real-world relevance distilled into concise coverage at an affordable price.
Synopsis
Get a solid foundation in economics at an affordable price with ECONOMICS, CONCISE EDITION. Using real-world examples, this concise economics textbook helps you understand Economics concepts including international trade and finance, money and banking, and monetary and fiscal policy. Plus, it comes with InfoTrac College Edition! Save time, save money--and eliminate the trek to the library with InfoTrac College Edition, an online university library of more than 5,000 academic and popular magazines, newspapers, and journals.
About the Author
Dr. Roger A. Arnold is Professor of Economics at California State University San Marcos, where his fields of specialization include general microeconomic theory and monetary theory. A widely respected authority on economic issues, Dr. Arnold is a regularly featured expert on talk radio discussing the state of the economy. He is also a proven author, who has written numerous academic articles, hundreds of newspaper columns, as well as the popular ECONOMICS: NEW WAYS OF THINKING and principles of macroeconomics supplementary text, HOW TO THINK LIKE AN ECONOMIST. Dr. Arnold has been a member of the economics faculty at California State University Northridge, University of Oklahoma, Hillsdale College, University of Nevada Las Vegas, and California State University San Marcos. He served as chair of the economics department for two years at University of Nevada Las Vegas and for seven years at California State University San Marcos. He is currently chair of the economics department at California State University San Marcos. During his tenure at UNLV he was regularly one of the top five finalists for the teacher of the year honor (in the College of Business and Economics), and in 1987 he received the best researcher of the year award. Dr. Arnold earned a B.S. in Economics in 1974 from the University of Birmingham in England and received his M.A. in 1976 and his Ph.D. in 1979 from Virginia Polytechnic Institute and State University.
Table of Contents
PART 1. ECONOMICS THE SCIENCE OF SCARCITY. 1. What Economics Is About. Appendix A: Working with Diagrams. Appendix B: Should You Major in Economics? 2. Economic Activities: Producing and Trading. 3. Supply and Demand: Theory. MACROECONOMICS. PART 2. MACROECONOMIC FUNDAMENTALS. 4. Macroeconomic Measurements. PART 3. MACROECONOMIC STABILITY AND INSTABILITY. 5. Aggregate Demand and Aggregate Supply. 6. The Self-Regulating Economy. 7. Economic Instability: A Critique of the Self-Regulating Economy. PART 4. MONEY AND BANKING, FISCAL POLICY, MONETARY POLICY. 8. Money, Banking, and the Federal Reserve. 9. Money, the Price Level, and Interest Rates. 10. Monetary Policy and Fiscal Policy. PART 5. EXPECTATIONS AND GROWTH. 11. Expectations Theory and the Economy. 12. Economic Growth. MICROECONOMICS. PART 6 MICROECONOMIC FUNDAMENTALS. 13. Elasticity. 14. Consumer Choice: Maximizing Utility and Behavioral Economics. Appendix C: Budget Constraint and Indifference Curve Analysis. 15. Production and Costs. PART 7. PRODUCT MARKETS. 16. Perfect Competition. 17. Monopoly. 18. Monopolistic Competition and Oligopoly. PART 8. FACTOR MARKETS AND RELATED ISSUES. 19. Factor Markets. 20. Interest, Rent, and Profit. 21. The Distribution of Income and Poverty. PART 9. MARKET FAILURE AND PUBLIC CHOICE. 22. Market Failure: Externalities, Public Goods, and Asymmetric Information. 23. Public Choice. THE WORLD ECONOMY. PART 10. INTERNATIONAL ECONOMICS: THEORY AND POLICY. 24. International Trade and Finance.