Economics / Heinz Kohler.

Includes bibliographical references and index.

TOC Basic concepts: Scarcity, choice, and optimizing; Economic systems and economic theory; Demand and supply, the fundamentals; International trade and the wealth of nations --
Measuring the macroeconomy: Gross national product; Economic fluctuations, unemployment, and inflation --
Explaining the macroeconomy: Aggregate demand and aggregate supply; Macroeconomic controversies, an overview; Keynesian building blocks; Basic Keynesian model; Government sector and fiscal policy --
Money and the complete macro model: Financial markets; Money, commercial banks, and the federal reserve; Federal reserve and monetary policy; Open macro-economy; Compete macro model, summary and criticisms --
U.S. experience: Economic growth and productivity; Fighting unemployment; Inflation versus unemployment, the awkward tradeoff --
Worldwide view: Rise and fall of communism; Less developed countries --
Households and firms: Consumer preferences and demand; Elasticity; Firm, an overview; Technology of production; Costs of production --
Markets for goods: Perfect competition; Monopoly and cartels; Oligopoly and monopolistic competition --
Markets for resources [Cont. in Annotation].

This text aims to introduce the beginning student to the ... theoretical knowledge that economists possess. It also illustrates the usefulness of economic theory with a wealth of applications ... This text takes the "internation evolution" a step further by covering such topics as comparative advantage, the strategic trade model, and exchange rate theory early in the text ... and then integrating the use of these Read more...

Economics

Saifun Momota