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Editorial Reviews:
Economics is a subject you learn by doing. Essential Foundations of Economics breaks the mold of a traditional text and becomes a practice-oriented learning system. Each chapter uses a Checklist to focus readers' attention on the most important key concepts. A discrete section introduces each of these core concepts and is immediately followed by a Checkpoint, a full page of practice that applies the concept. The result is a patient, confidence-building approach that prepares readers to use economics in their lives, regardless of what their future career will be.
Introduction: Getting Started; The U.S. and Global Economies; The Economic Problem; Demand and Supply. A Closer Look at Markets: Elasticities of Demand and Supply; Efficiency and Fairness of Markets; Government Influences on Markets; Global Markets in Action. Prices, Profits, and Industry Performance: Externalities; Production and Cost; Perfect Competition; Monopoly; Monopolistic Competition and Oligopoly. Monitoring the Macroeconomy: GDP and the Standard of Living; The CPI and the Cost of Living; Jobs and Unemployment. Understanding the Macroeconomy: Potential GDP and Economic Growth; Money and the Monetary System; AS-AD and the Business Cycle; Fiscal Policy and Monetary Policy.
For all readers interested in economics.
Customer Reviews:
Nothing Less Than it says.... Sep 15, 2008
The book isn't my favorite economics book ever, but its what my course required. The fact that it came bundled with the MyEconLab subscription made it worth the price.
A Waste of my Time Feb 15, 2008
There's better econ books out there, but if your professor requires this one because it goes along with all the homeworks, lectures, and tests which he gets from the publisher, then you really don't have a choice, do you?
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