Avoiding excessive reliance on formal mathematical derivations, Frank and Bernanke presents concepts intuitively through examples drawn from familiar contexts. The authors introduce a well-articulated short list of core principles and reinforce them by illustrating and applying each in numerous contexts. Students are periodically asked to apply these principles to answer related questions and exercises. The text also encourages students to become "Economic Naturalists," people who employ basic economic principles to understand and explain what they observe in the world around them. An economic naturalist understands, for example, that infant safety seats are required in cars but not in airplanes because the marginal cost of space to accommodate these seats is typically zero in cars but often hundreds of dollars in airplanes. Such examples engage student interest while teaching them to see each feature of their economic landscape as the reflection of an implicit or explicit cost-benefit calculation.
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Presenting concepts through examples, this book introduces a list of core principles and reinforce them by illustrating and applying each in numerous contexts. It also encourages students to become "Economic Naturalists," people who employ basic economic principles to understand and explain what they observe in the world around them.
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Part 1 Introduction 1. Thinking Like an Economist2. Comparative Advantage: The Basis for Exchange3. Supply and Demand: An IntroductionPart 2 Macroeconomics: Issues and Data4. Macroeconomics: The Bird's-Eye View of the Economy5. Measuring Economic Activity: GDP and Unemployment6. Measuring the Price Level and InflationPart 3 The Economy in the Long Run7. Economic Growth, Productivity, and Living Standards8. Workers, Wages, and Unemployment in the Modern Economy9. Saving and Capital Formation 10. Money and the Federal Reserve 11. Financial Markets and International Capital FlowPart 4 The Economy in the Short Run12. Short-term Economic Fluctuations: An Introduction 13. Spending and Output in the Short Run 14. Stabilizing the Economy: The Role of the Fed 15. Inflation, Aggregate Supply, and Aggregate Demand 16. The Practice and Pitfalls of Macroeconomic Policy Part 5 The International Economy17. International Trade 18. Exchange Rates and the Open Economy
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Produktdetaljer
ISBN
9780073230610
Publisert
2006-01-17
Utgave
3. utgave
Utgiver
Vendor
McGraw Hill Higher Education
Vekt
1220 gr
Høyde
276 mm
Bredde
218 mm
Dybde
21 mm
Aldersnivå
G, 01
Språk
Product language
Engelsk
Format
Product format
Heftet