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Principles of Economics

(5 reviews)

Pub Date: 2016

ISBN 13: 9781946135162

Publisher: University of Minnesota Libraries Publishing

Language: English

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Reviews

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Reviewed by Joanna Short, Associate Professor, Augustana College on 6/20/18

This book includes all the usual principles topics, and then some. Want to talk about the effect of third-party payers in health care markets? Farm policy? Economies in transition? There's a chapter for each of these topics. Throughout, there... read more

 

Reviewed by Robert Berman, Adjunct Instructor, American University on 2/2/18

Comprehensive in overall coverage; yet many on the sections leave out important discussions. For example, the table of contents covers everything that would be discussed in a two semester principles course -- micro & macro separately. However,... read more

 

Reviewed by Maxwell Eseonu, Professor of Economics, Virginia State University on 6/21/17

The text's coverage is comprehensive. The writing approach is a very good one; that is, giving the reader a heads-up in concept coverages, real world applications of concepts and giving the reader an opportunity to apply learned concepts into... read more

 

Reviewed by Choikam Yip, Adjunct Instructor, Portland Community College on 1/8/16

This textbook is very comprehensiveness. It covers almost all the major topics in mainstream micro and macroeconomic studies. The examples and data used are very current and up-to-date. read more

 

Reviewed by Bill Burrows, Economics Instructor, Lane Community College, Eugene,OR on 1/8/16

Being a product of the Pleistocene epoch, I sometimes don't trust my online navigation skills. That said, after repeated attempts, I was unable to locate a glossary or index for this otherwise fine text. Assuming they don't exist, their absence... read more

 

Table of Contents

  • Chapter 1: Economics: The Study of Choice
  • Chapter 2: Confronting Scarcity: Choices in Production
  • Chapter 3: Demand and Supply
  • Chapter 4: Applications of Demand and Supply
  • Chapter 5: Elasticity: A Measure of Response
  • Chapter 6: Markets, Maximizers, and Efficiency
  • Chapter 7: The Analysis of Consumer Choice
  • Chapter 8: Production and Cost
  • Chapter 9: Competitive Markets for Goods and Services
  • Chapter 10: Monopoly
  • Chapter 11: The World of Imperfect Competition
  • Chapter 12: Wages and Employment in Perfect Competition
  • Chapter 13: Interest Rates and the Markets for Capital and Natural Resources
  • Chapter 14: Imperfectly Competitive Markets for Factors of Production
  • Chapter 15: Public Finance and Public Choice
  • Chapter 16: Antitrust Policy and Business Regulation
  • Chapter 17: International Trade
  • Chapter 18: The Economics of the Environment
  • Chapter 19: Inequality, Poverty, and Discrimination
  • Chapter 20: Macroeconomics: The Big Picture
  • Chapter 21: Measuring Total Output and Income
  • Chapter 22: Aggregate Demand and Aggregate Supply
  • Chapter 23: Economic Growth
  • Chapter 24: The Nature and Creation of Money
  • Chapter 25: Financial Markets and the Economy
  • Chapter 26: Monetary Policy and the Fed
  • Chapter 27: Government and Fiscal Policy
  • Chapter 28: Consumption and the Aggregate Expenditures Model
  • Chapter 29: Investment and Economic Activity
  • Chapter 30: Net Exports and International Finance
  • Chapter 31: Inflation and Unemployment
  • Chapter 32: A Brief History of Macroeconomic Thought and Policy
  • Chapter 33: Economic Development
  • Chapter 34: Socialist Economies in Transition

About the Book

This book is intended for a two-semester course in Economics taught out of the social sciences or business school. Principles of Economics aims to teach considerable range and depth of Economic concepts through an approachable style and methodology. The authors take a three-pronged approach to every chapter: The concept is covered with a “Heads Up” to ward off confusion, a real-world application for that concept, and a “You Try It” section to make sure students are staying on top of the concept.