Foundations of macroeconomics / Robin Bade, Michael Parkin.

ECO211.

economic&political bookfair2016

Includes bibliographical references and index.

Cover; Title; Copyright; Contents; Part 1 Introduction; Chapter 1 Getting Started; Chapter Checklist; 1.1 Definition and Questions; Scarcity; Economics Defined; What, How, and For Whom?; Can the Pursuit of Self-Interest Be in the Social Interest?; Checkpoint 1.1; 1.2 The Economic Way of Thinking; Economic Ideas; A Choice Is a Tradeoff; Cost: What You Must Give Up; Benefit: What You Gain; Rational Choice; How Much? Choosing at the Margin; Choices Respond to Incentives; Economics as Social Science; Economics as Policy Tool; Checkpoint 1.2; Chapter Summary; Chapter Checkpoint. Appendix: Making and Using GraphsBasic Idea; Interpreting Data Graphs; Interpreting Graphs Used in Economic Models; The Slope of a Relationship; Relationships Among More Than Two Variables; Apendix Checkpoint; EYE on the PAST: Adam Smith and the Birth of Economics as a Social Science; EYE on the BENEFIT AND COST OF SCHOOL: Did You Make the Right Decision?; Chapter 2 The U.S. and Global Economies; Chapter Checklist; 2.1 What, How, and For Whom?; What Do We Produce?; How Do We Produce?; For Whom Do We Produce?; Checkpoint 2.1; 2.2 The Global Economy; The People; The Economies. What in the Global Economy?How in the Global Economy?; For Whom in the Global Economy?; Checkpoint 2.2; 2.3 The Circular Flows; Households and Firms; Markets; Real Flows and Money Flows; Governments; Governments in the Circular Flow; Circular Flows in the Global Economy; Checkpoint 2.3; Chapter Summary; Chapter Checkpoint; EYE on the U.S. ECONOMY: What We Produce; EYE on the PAST: Changes in What We Produce; EYE on the U.S. ECONOMY: Changes in How We Produce in the Information Economy; EYE on the DREAMLINER: Who Makes the Dreamliner?; EYE on the GLOBAL ECONOMY: Differences in How We Produce. EYE on YOUR LIFE: The U.S. and Global Economies in Your LifeEYE on the PAST: Growing Government; EYE on the GLOBAL ECONOMY: The Ups and Downs in International Trade; Chapter 3 The Economic Problem; Chapter Checklist; 3.1 Production Possibilities; Production Possibilities Frontier; Checkpoint 3.1; 3.2 Opportunity Cost; The Opportunity Cost of a Cell Phone; Opportunity Cost and the Slope of the PPF; Opportunity Cost Is a Ratio; Increasing Opportunity Costs Are Everywhere; Your Increasing Opportunity Cost; Checkpoint 3.2; 3.3 Economic Growth; Checkpoint 3.3; 3.4 Specialization and Trade. Absolute Advantage and Comparative AdvantageComparative Advantage: An Example; Achieving Gains from Trade; Checkpoint 3.4; Chapter Summary; Chapter Checkpoint; EYE on YOUR LIFE: Your Production Possibilities Frontier; EYE on the ENVIRONMENT: Is Wind Power Free?; EYE on the U.S. ECONOMY: Expanding Our Production Possibilities; EYE on the GLOBAL ECONOMY: Hong Kongâ#x80;#x99;s Rapid Economic Growth; EYE on the U.S. ECONOMY: No One Knows How to Make a Pencil; EYE on YOUR LIFE: Your Comparative Advantage; Chapter 4 Demand and Supply; Chapter Checklist; Competitive Markets; 4.1 Demand; The Law of Demand.