Understanding economics today - Walton, Gary M.; Wykoff, Frnak C. 1942-. (Chicago Irwin, 1996)
Table of Contents: Part I. Microeconomics: 1. The Economics of Personal and Social Choice -- 2. Scarcity and the Economic Problem -- 3. The First Law of Economics -- 4. The Law of Supply and Market Price -- 5. Shortages, Surpluses, and Prices -- 6. Production, Profits, and Marginal Analysis -- 7. Competition and Monopoly -- 8. Jobs and Wages -- 9. Market Failure and Government Failure -- 10. Trade among Nations -- Part II. Macroeconomics: 11. National Economic Problems: Stagnation, Inflation, Unemployment, and Competitiveness -- 12. Overview of the National Economy: Cycles and the Circular Flow Mode -- 13. Government Fiscal Actions and the Pace of the Economy -- 14. Money. Money, Money -- 15. The Fed and the Money Supply -- 16. Why Economists Disagree -- 17. Inflation and Unemployment -- 18. Rising Living Standards or Stagnation? -- 19. Issues in Stabilization Policy -- 20. The Exchange Rate and the Balance of Payments. -- Glossary. index.
Includes index.
Keywords: Economics