Economics Theory And Practice, 7Th Ed

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This edition introduces and surveys basic economic concepts and institutions to provide a solid understanding of key economic relationships and terms. It offers up-to-date and broad coverage of key concepts and institutions that allows the reader to use economic thinking in their educational pursuits, careers, and every-day lives. Table of contents : Preface Part One: Introduction To Economics · Introduction to Economics · Economic Decision Making and Economic Systems · Demand, Supply, and Price Determination Part Two: The Macroeconomy · Goals and Problems of the Macroeconomy: Employment, Prices, and Production · Foundations of the Macroeconomy · The Role of Government in the Macroeconomy · Money, Financial Institutions, and the Federal Reserve · Money Creation, Monetary Theory, and Monetary Policy · Macroeconomic Viewpoints and Models Part Three: The Microeconomy · Households and Businesses: An Overview · Benefits, Costs, and Maximization · Production and the Costs of Production · Competition and Market Structures · Government and the Markets · Labor Markets, Unions, and the Distribution of Income Part Four: The International Economy · International Trade · International Finance Glossary Answers to "Test Your Understanding" Credits Index Market Description : · Undergraduates· MBAs· Executives - as an introduction to managerial economics