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Microeconomics / William Boyes, Michael Melvin.

By: Contributor(s): Publication details: Australia ; Mason, OH : South-Western Cengage Learning, c2011.Edition: 8th editionDescription: xxxi, (various paging) : col. ill. ; 26 cmISBN:
  • 9781439039083
  • 1439039089
Subject(s): DDC classification:
  • 338.5 22 BOY
Online resources:
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Contents;

Part 1: Introduction to the price system
1. Economics: The world around you
2. Choice, opportunity costs, and specialization
3. Markets, demand and supply,and the price system
4. The market system and the private and public sector

Part 2: Macroeconomic basics
5. National income accounting
6. An introduction to the foreign exchange market and the balance of payments
7. Unemployment and inflation
8. Macroeconomic equilibrium: Aggregate demand and supply
9. Aggregate expenditures
10. Income and expenditure

Part 3: Macroeconomic policy
11. Fiscal policy
12. Money and banking
13. Monetary policy
14. Macroeconomic policy: Tradeoffs, expectations, credibility, and sources of business cycles
15. Macroeconomic viewpoints: New Keynesian,monetarist, and new classical.
16. Economic growth
17. Development economies
18. Globalization

Part 4: Product market basics
19. Elasticity: Demand and supply
20. Consumer choices
21. Supply: The costs of doing business

Part 5: Product markets
22. Profit maximization
23. Perfect competition
24. Monopoly
25. Monopolistic competition and oligopoly
26. Antitrust and regulation
27. Government and market failures

Part 6: Resource markets
28. Resource markets
29. The labor market
30. Capital markets
31. The land market and natural resources

Part 7: Current issues involving the public sector and the market economy
32. Aging, social security, and health care
33. Income distribution, poverty, and government policy

Part 8: Issues in international trade and finance
34. World trade equilibrium
35. International trade restrictions
36. Exchange rates and financial links between countries


Includes bibliographical references and index.

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