Gwartney, Stroup, Sobel & Macpherson – Economics: Private & Public Choice 17e
English | eBook | Size: 172.43 MB
Learn to apply economic concepts to the world around you as the 17th edition of Economics: Private and Public Choice highlights current economic conditions. Reader-friendly coverage analyzes and explains the latest economic activity, from the recession of 2008-2009 to the 2020 economy shutdown from the COVID-19 pandemic.
This edition dispels common economic myths with economic insights that clarify current issues and controversies. You examine the importance of entrepreneurship while an emphasis on public choice provides a unique economic perspective on the political process and why government actions sometimes fail to deliver desired outcomes. You also learn how to apply economic concepts to relevant topics, such as student loans, and how events, such as the Great Suppression of 2020, affect opportunities. You study the importance of international trade as a source of economic growth and higher living standards. Most importantly, you learn how to use economics to make better decisions in your career, investments, and handling of risk in your personal life.
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Contents:
Preface
Acknowledgments
About the Authors
Part 1: The Economic Way of Thinking
1 The Economic Approach
2 Some Tools of the Economist
Part 2: Markets and Government
3 Demand, Supply, and the Market Process
4 Demand and Supply: Applications and Extensions
5 Difficult Cses for the Market, and the Role of Government
6 The Economics of Political Action
Part 3: Core Macroeconomics
7 Taking the Nation’s Economic Pulse
8 Economic Fluctuations, Unemployment, and Inflation
9 An Introduction to Basic Macroeconomic Markets
10 Dynamic Change, Economic Fluctuations, and the AD-AS Model
11 Fiscal Policy: The Keynesian View and the Historical Development of Macroeconomics
12 Fiscal Policy, Incentives, and Secondary Effects
13 Money and the Banking System
14 Modern Macroeconomics and Monetary Policy
15 Macroeconomic Policy, Economic Stability, and the Federal Debt
16 Creating an Environment for Growth and Prosperity
17 The Economics of Development
Part 4: International Economics
18 Gaining from International Trade
19 International Finance and the Foreign Exchange Market
Part 5: Core Microeconomics
20 Consumer Choice and Elasticity
21 Costs and the Supply of Goods
22 Price Takers and the Competitive Process
23 Price-Searcher Markets with Low Entry Barriers
24 Price-Searcher Markets with High Entry Barriers
26 Earnings, Productivity, and the Job Market
27 Investment, the Capital Market, and the Weath of Nations
28 Income Inequality and Poverty
Part 6: Special Topics in Economics
1 Government Spending and Taxation
2 The Economics of Social Security
3 The Stock Market: Its Function, Performance, and Potential as an Investment Opportunity
4 Keynes and Hayek: Contrasting Views on Sound Economics and the Role of Government
5 The 2020 COVID-19 Recession: Cause, Response, and Implications for the Future
6 The Great Recession of 2008-2009: Causes and Response
7 Lessons from the Great Depression
8 The Economicis of Health Care
Appendices
Glossary
Index
Format: EPUB
Length: 787 pages
Published: 2021 by Cengage
ISBN: 0357133994
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