Synopses & Reviews
Introduction to Economics gives students a foundation ofknowledge that will help them make better economic choices forthemselves as individuals and for society in general. The text iswritten in a clear, concise style designed to stimulate studentsinterest and understanding.
Table of Contents
Contents: A FOUNDATION OF ECONOMIC UNDERSTANDING. We Are AllEconomists. Capitalism and the American Economy. Demand, Supply, andEquilibrium Pricing. Entrepreneurship in the United States. THEGOVERNMENTS ROLE IN THE ECONOMY. Our Governments EconomicFunctions. Measuring the Economys Performance. Inflation, Unemploy-ment,and the Business Cycle. PROVIDING ECONOMIC STABILITY.Keynesian Economic Theory. Using Fiscal Policy. The Role of Money andBanks in our Economy. The Federal Reserve and Monetary Policy. HOWFIRMS FUNCTION IN OUR ECONOMIC SYSTEM. Price Elasticity ofDemand and Consumer Choice. The Costs of Running a Business. MakingDecisions in Competition and Monopoly. Between Monopoly and Competi-tion.DEMAND, SUPPLY, AND ORGANIZATION OF LABOR. Labor Demandand Supply. The Organization and Protection of Labor. PROBLEMS INECONOMIC POLICY. Income, Wealth, and Poverty in Our Economy.Regional Economic Problems. Economics, Ethics, and the Environment.