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Principles of economics /

Frank, Robert H.

Principles of economics / Robert H. Frank, Ben S. Bernanke, with the assistance of Roger T. Kaufman. - 3rd edtion - xxxix, 901, G-9, I-27 pages : illustrations (some color) ; 29 cm

Includes bibliographical references and index.

Part 1: Introduction --
Thinking like an economist --
Comparative advantage: the basis for exchange --
Supply and demand: an introduction --
Part 2: Competition and the invisible hand --
Elasticity --
Demand: the benefit side of the market --
Perfectly competitive supply: the cost side of the market --
Efficiency and exchange --
The quest for profit and the invisible hand --
International trade --
Part 3: Market imperfections --
Monopoly and other forms of imperfect competition --
Strategic choice in oligopoly, monopolistic competition, and everyday life --
Externalities and property rights --
The economics of information --
Part 4: Economics of public policy --
Labor markets, poverty, and income distribution --
The environment, health, and safety --
Public goods and tax policy --
Part 5: Macroeconomics: issues and date --
Macroenconomics: the bird's-eye view of the economy --
Measuring economic activity: GDP and unemployment --
Measuring the price level and inflation --
Part 6: The economy in the long run --
Economic growth, productivity, and living standards --
Workers, wages, and unemployment in the modern ecomony --
Saving and capital formation --
Money, prices, and the Federal Reserve --
Financial markets and international capital flows --
Part 7: The ecomony in the short run --
Short-term economic fluctuations: an introduction --
Spending and output in the short run --
Stabilizing the economy: the role of the Fed --
Inflation, aggregate supply, and aggregate demand --
The practice and pitfalls of macroeconomic policy --
Part 8: The international economy --
Exchange rates and the open economy.


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0073125679 (alk. paper) 0073230596 (text w/Web access code) 9780071106047 9780071108157


Economics.

330 / F.R.B