GOOD: The book's spine, pages, and covers are in good condition, showing the usual minimal signs of use and wear. The pages are free of marks. The Free 4-Month Subscription card that contains a passcode to the Infotrac College Edition online library is intact and unused.
Product Details
The book is divided into parts that contain several chapters each. Most chapters include a special section entitled "Using the Theory" in which real-world illustrations of the concept being taught in the chapter are presented, such as "Improving Education" in Chapter 4's "Consumer Choice" and "Changes in Technology" in Chapter 7's "Perfect Competition." There are color illustrations and photos throughout.
Part I: Preliminaries
What Is Economics?
Scarcity, Choice, and Economic Systems
Supply and Demand
Part II: Microeconomic Decision Makers
Consumer Choice
Production and Cost
How Firms Make Decisions: Profit Maximization
Part III: Markets, Prices, and Resource Allocation
Perfect Competition
Monopoly and Imperfect Competition
The Labor Market and Wage Rates
Economic Efficiency and the Role of Government
Part IV: Macroeconomics: Basic Concepts
Introduction to Macroeconomics
Production, Income, and Employment
The Monetary System, Prices, and Inflation
Part V: The Behavior of the Macroeconomy
Economic Growth hand Rising Living Standards
Economic Fluctuation
The Banking System, the Federal Reserve, and Monetary Policy
Aggregate Demand and Aggregate Supply
Part VI: International Trade
Comparative Advantage and the Gains from International Trade
