Macroeconomics

For the two-semester principles of economics course. An intuitive and grounded approach to economics Get students to think like an Economist using the latest policy and data while incorporating global issues. Microeconomics, 13th Edition builds on the foundation of the previous edition and retains a...

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Detalles Bibliográficos
Otros Autores: Parkin, Michael, 1939- author (author)
Formato: Libro electrónico
Idioma:Inglés
Publicado: Harlow, England : Pearson [2019]
Edición:Thirteenth, Global edition
Materias:
Ver en Biblioteca Universitat Ramon Llull:https://discovery.url.edu/permalink/34CSUC_URL/1im36ta/alma991009670138506719
Tabla de Contenidos:
  • Front Cover
  • Title Page
  • Copyright Page
  • About the Author
  • Dedication
  • Brief Contents
  • Alternative Pathways Through the Chapters
  • Detailed Contents
  • Part One Introduction
  • Chapter 1 ◆ What is Economics?
  • Definition of Economics
  • Two Big Economic Questions
  • What, How, and For Whom?
  • Do Choices Made in the Pursuit of Self-Interest also Promote the Social Interest?
  • The Economic Way of Thinking
  • A Choice Is a Tradeoff
  • Making a Rational Choice
  • Benefit: What You Gain
  • Cost: What You Must Give Up
  • How Much? Choosing at the Margin
  • Choices Respond to Incentives
  • Economics as Social Science and Policy Tool
  • Economist as Social Scientist
  • Economist as Policy Adviser
  • Economists in the Economy
  • Jobs for an Economics Major
  • Will Jobs for Economics Majors Grow?
  • Earnings of Economics Majors
  • Skills Needed for Economics Jobs
  • Summary
  • Key Points
  • Key Terms
  • Study Plan Problems and Applications
  • Additional Problems and Applications
  • Appendix
  • Appendix Graphs in Economics
  • Graphing Data
  • Graphing Economic Data
  • Scatter Diagrams
  • Graphs Used in Economic Models
  • Variables That Move in the Same Direction
  • Variables That Move in Opposite Directions
  • Variables That Have a Maximum or a Minimum
  • Variables That Are Unrelated
  • The Slope of a Relationship
  • The Slope of a Straight Line
  • The Slope of a Curved Line
  • Graphing Relationships Among More Than Two Variables
  • Ceteris Paribus
  • When Other Things Change
  • Mathematical Note
  • At Issue,
  • Economics in the News, 6,
  • Summary
  • Key Points
  • Key Terms
  • Study Plan Problems and Applications
  • Additional Problems and Applications
  • Appendix
  • Chapter 2 ◆ The Economic Problem
  • Production Possibilities and Opportunity Cost
  • Production Possibilities Frontier
  • Production Efficiency
  • Tradeoff Along the PPF.
  • Opportunity Cost
  • Using Resources Efficiently
  • The PPF and Marginal Cost
  • Preferences and Marginal Benefit
  • Allocative Efficiency
  • Gains from Trade
  • Comparative Advantage and Absolute Advantage
  • Achieving the Gains from Trade
  • The Liz-Joe Economy and its PPF
  • Economic Growth
  • The Cost of Economic Growth
  • A Nation's Economic Growth
  • Changes in What We Produce
  • Economic Coordination
  • Firms
  • Markets
  • Property Rights
  • Money
  • Circular Flows Through Markets
  • Coordinating Decisions
  • Economics in Action
  • Economics in the News
  • Worked Problem
  • Summary
  • Key Points
  • Key Terms
  • Study Plan Problems and Applications
  • Additional Problems and Applications
  • Part One Wrap-Up ◆
  • Understanding the Scope of Economics Your Economic Revolution
  • Talking with Esther Duflo
  • Part Two How Markets Work
  • Chapter 3 ◆ Demand and Supply
  • Markets and Prices
  • Demand
  • The Law of Demand
  • Demand Curve and Demand Schedule
  • A Change in Demand
  • A Change in the Quantity Demanded Versus a Change in Demand
  • Supply
  • The Law of Supply
  • Supply Curve and Supply Schedule
  • A Change in Supply
  • A Change in the Quantity Supplied Versus a Change in Supply
  • Market Equilibrium
  • Price as a Regulator
  • Price Adjustments
  • Predicting Changes in Price and Quantity
  • An Increase in Demand
  • A Decrease in Demand
  • An Increase in Supply
  • A Decrease in Supply
  • Changes in Both Demand and Supply
  • Mathematical Note Demand, Supply, and Equilibrium
  • Economics in the News
  • Worked Problem
  • Summary
  • Key Points
  • Key Terms
  • Study Plan Problems and Applications
  • Additional Problems and Applications
  • Chapter 4 ◆ Elasticity
  • Price Elasticity of Demand
  • Calculating Price Elasticity of Demand
  • Inelastic and Elastic Demand
  • The Factors that Influence the Elasticity of Demand.
  • Elasticity Along a Linear Demand Curve
  • Total Revenue and Elasticity
  • Your Expenditure and Your Elasticity
  • More Elasticities of Demand
  • Income Elasticity of Demand
  • Cross Elasticity of Demand
  • Elasticity of Supply
  • Calculating the Elasticity of Supply
  • The Factors That Influence the Elasticity of Supply
  • Economics in Action
  • Economics in the News
  • Worked Problem
  • Summary
  • Key Points
  • Key Terms
  • Study Plan Problems and Applications
  • Additional Problems and Applications
  • Chapter 5 ◆ Efficiency And Equity
  • Resource Allocation Methods
  • Market Price
  • Command
  • Majority Rule
  • Contest
  • First-Come, First-Served
  • Lottery
  • Personal Characteristics
  • Force
  • Benefit, Cost, and Surplus
  • Demand, Willingness to Pay, and Value
  • Individual Demand and Market Demand
  • Consumer Surplus
  • Supply and Marginal Cost
  • Supply, Cost, and Minimum Supply-Price
  • Individual Supply and Market Supply
  • Producer Surplus
  • Is the Competitive Market Efficient?
  • Efficiency of Competitive Equilibrium
  • Market Failure
  • Sources of Market Failure
  • Alternatives to the Market
  • Is the Competitive Market Fair?
  • It's Not Fair if the Result Isn't Fair
  • It's Not Fair if the Rules Aren't Fair
  • Case Study: A Generator Shortage in a Natural Disaster
  • Economics in Action
  • At Issue
  • Economics in the News
  • Worked Problem
  • Summary
  • Key Points
  • Key Terms
  • Study Plan Problems and Applications
  • Additional Problems and Applications
  • Chapter 6 ◆ Government Actions in Markets
  • A Housing Market with a Rent Ceiling
  • A Housing Shortage
  • Increased Search Activity
  • A Black Market
  • Inefficiency of a Rent Ceiling
  • Are Rent Ceilings Fair?
  • A Labor Market with a Minimum Wage
  • Minimum Wage Brings Unemployment
  • Is the Minimum Wage Fair?
  • Inefficiency of a Minimum Wage
  • Taxes
  • Tax Incidence.
  • Equivalence of a Tax on Buyers and Sellers
  • Taxes and Efficiency
  • Tax Influence of the Elasticity of Demand
  • Tax Influence of the Elasticity of Supply
  • Taxes and Fairness
  • The Big Tradeoff
  • Production Quotas and Subsidies
  • Production Quotas
  • Subsidies
  • Markets for Illegal Goods
  • A Free Market for a Drug
  • A Market for an Illegal Drug
  • Legalizing and Taxing Drugs
  • Economics in Action
  • At Issue
  • Economics in the News
  • Worked Problem
  • Summary
  • Key Points
  • Key Terms
  • Study Plan Problems and Applications
  • Additional Problems and Applications
  • Chapter 7 ◆ Global markets in action
  • How Global Markets Work
  • International Trade Today
  • What Drives International Trade?
  • Why the United States Imports T-Shirts
  • Why the United States Exports Airplanes
  • Winners, Losers, and the Net Gain from Trade
  • Gains and Losses from Imports
  • Gains and Losses from Exports
  • Gains for All
  • International Trade Restrictions
  • Tariffs
  • Import Quotas
  • Other Import Barriers
  • Export Subsidies
  • The Case Against Protection
  • Helps an Infant Industry Grow
  • Counteracts Dumping
  • Saves Domestic Jobs
  • Allows Us to Compete with Cheap Foreign Labor
  • Penalizes Lax Environmental Standards
  • Prevents Rich Countries from Exploiting Developing Countries
  • Reduces Offshore Outsourcing that Sends Good U.S. Jobs to Other Countries
  • Avoiding Trade Wars
  • Why Is International Trade Restricted?
  • Compensating Losers
  • Economics in Action
  • At Issue
  • Economics in the News
  • Worked Problem
  • Summary
  • Key Points
  • Key Terms
  • Study Plan Problems and Applications
  • Additional Problems and Applications
  • Part Two Wrap-Up ◆
  • Understanding How Markets Work The Amazing Market
  • Talking with Susan Athey
  • Part Three Households' Choices
  • Chapter 8 ◆ Utility and Demand
  • Consumption Choices.
  • Consumption Possibilities
  • Preferences
  • Utility-Maximizing Choice
  • A Spreadsheet Solution
  • Choosing at the Margin
  • The Power of Marginal Analysis
  • Revealing Preferences
  • Predictions of Marginal Utility Theory
  • A Fall in the Price of a Movie
  • A Rise in the Price of Soda
  • A Rise in Income
  • The Paradox of Value
  • Temperature: An Analogy
  • New Ways of Explaining Consumer Choice
  • Behavioral Economics
  • Neuroeconomics
  • Controversy
  • Economics in Action
  • Economics in the News
  • Worked Problem
  • Summary
  • Key Points
  • Key Terms
  • Study Plan Problems and Applications
  • Additional Problems and Applications
  • Chapter 9 ◆ Possibilities, Preferences, and Choices
  • Consumption Possibilities
  • Budget Line
  • Budget Equation
  • Preferences and Indifference Curves
  • Marginal Rate of Substitution
  • Degree of Substitutability
  • Predicting Consumer Choices
  • Best Affordable Choice
  • A Change in Price
  • A Change in Income
  • Substitution Effect and Income Effect
  • Economics in Action
  • Economics in the News
  • Worked Problem
  • Summary
  • Key Points
  • Key Terms
  • Study Plan Problems and Applications
  • Additional Problems and Applications
  • Part Three Wrap-Up ◆
  • Understanding Households' Choices Making the Most of Life
  • Talking with Steven D. Levitt
  • Part Four Firms and Markets
  • Chapter 10 ◆ Organizing Production
  • The Firm and Its Economic Problem
  • The Firm's Goal
  • Accounting Profit
  • Economic Accounting
  • A Firm's Opportunity Cost of Production
  • Economic Accounting: A Summary
  • The Firm's Decisions
  • The Firm's Constraints
  • Technological and Economic Efficiency
  • Technological Efficiency
  • Economic Efficiency
  • Information and Organization
  • Command Systems
  • Incentive Systems
  • The Principal-Agent Problem
  • Coping with the Principal-Agent Problem
  • Types of Business Organization.
  • Pros and Cons of Different Types of Firms.