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Principles of economics - 2e

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    Author: Taylor, Timothy; Shapiro, David; Greenlaw, Steven A.
    Contributor: BC Open Textbook Project; BCcampus; OpenStax College
    Edition: 2e
    Date:
    Created
    2017
    Summary:

    Principles of Economics 2e (2nd edition) covers the scope and sequence of most introductory economics courses. The text includes many current examples, which are handled in a politically equitable way. The outcome is a balanced approach to the theory and application of economics concepts. The second edition has been thoroughly revised to increase clarity, update data and current event impacts, and incorporate the feedback from many reviewers and adopters.

    Contents:
    • Welcome to economics!
    • Choice in a world of scarcity
    • Demand and supply
    • Labor and financial markets
    • Elasticity
    • Consumer choices
    • Production, costs, and industry structure
    • Perfect competition
    • Monopoly
    • Monopolistic competition and oligopoly
    • Monopoly and antitrust policy
    • Environmental protection and negative externalities
    • Positive externalities and public goods
    • Labor markets and income
    • Poverty and economic inequality
    • Information, risk, and insurance
    • Financial markets
    • Public economy
    • The macroeconomic perspective
    • Economic growth
    • Unemployment
    • Inflation
    • The international trade and capital flows
    • The aggregate demand/aggregate supply model
    • The Keynesian perspective
    • The neoclassical perspective
    • Money and banking
    • Monetary policy and bank regulation
    • Exchange rates and international capital flows
    • Government budgets and fiscal policy
    • The impacts of government borrowing
    • Macroeconomic policy around the world
    • International trade
    • Globalization and protectionism
    • The use of mathematics in principles of economics
    • Indifference curves
    • Present discounted value
    • The expenditure-output model
    • Index.
    Genre:
    Instructional and educational works, Business and economics
    Subject(s): Economics | Textbooks | United States
    Original Publisher: Houston, Texas, OpenStax College, Rice University
    Language(s): English
    ISBN: 9781947172371, 1947172379
    Collection(s)/Series: BC Open Textbooks