Essential foundations of economics / / Robin Bade, Michael Parkin

• Autore: Bade Robin
• Pubblicazione: Boston : , : Pearson, , [2015]; ©2015
• Edizione: Seventh, Global edition.
• Descrizione fisica: 1 online resource (629 pages) : illustrations (some color)
• Disciplina: 330
• Soggetto topico: Economics
• Persona (resp. second.): ParkinMichael <1939->
• Note generali: Includes index.
• Nota di bibliografia: Includes bibliographical references and index.
• Nota di contenuto: 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 Graphs -- Basic Idea -- Interpreting Data Graphs -- Interpreting Graphs Used in Economic Models -- The Slope of a Relationship -- Relationships Among More Than Two Variables -- Appendix 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 Life -- EYE 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 Advantage -- Comparative 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 Kong'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 -- Demand Schedule and Demand Curve -- Individual Demand and Market Demand -- Changes in Demand -- Change in Quantity Demanded Versus Change in Demand -- Checkpoint 4.1 -- 4.2 Supply -- The Law of Supply -- Supply Schedule and Supply Curve -- Individual Supply and Market Supply -- Changes in Supply -- Change in Quantity Supplied Versus Change in Supply -- Checkpoint 4.2 -- 4.3 Market Equilibrium -- Price: A Market's Automatic Regulator -- Predicting Price Changes: Three Questions -- Effects of Changes in Demand -- Effects of Changes in Supply. ; Effects of Changes in Both Demand and Supply -- Checkpoint 4.3 -- Chapter summary -- Chapter Checkpoint -- EYE on YOUR LIFE Understanding and Using Demand and Supply -- EYE on Tuition Why Does Tuition Keep Rising? -- EYE on the GLOBAL ECONOMY The Market for Solar Panels -- Part 2 A Closer Look at Markets -- Chapter 5 Elasticities of Demand and Supply -- Chapter Checklist -- 5.1 The Price Elasticity of Demand -- Percentage Change in Price -- Percentage Change in Quantity Demanded -- Comparing the Percentage Changes in Price and Quantity -- Elastic and Inelastic Demand -- Influences on the Price Elasticity of Demand -- Computing the Price Elasticity of Demand -- Interpreting the Price Elasticity of Demand Number -- Elasticity Along a Linear Demand Curve -- Total Revenue and the Price Elasticity of Demand -- Applications of the Price Elasticity of Demand -- Checkpoint 5.1 -- 5.2 The Price Elasticity of Supply -- Elastic and Inelastic Supply -- Influences on the Price Elasticity of Supply -- Computing the Price Elasticity of Supply -- Checkpoint 5.2 -- 5.3 Cross Elasticity and Income Elasticity -- Cross Elasticity of Demand -- Income Elasticity of Demand -- Checkpoint 5.3 -- Chapter summary -- Chapter Checkpoint -- EYE on the GLOBAL ECONOMY Price Elasticities of Demand -- EYE on the Price of Gasoline What Do You Do When the Price of Gasoline Rises? -- EYE on YOUR LIFE Your Price Elasticities of Demand -- Chapter 6 Efficiency and Fairness of Markets -- Chapter Checklist -- 6.1 Allocation Methods and efficiency -- Resource Allocation Methods -- Using Resources Efficiently -- Checkpoint 6.1 -- 6.2 Value, Price, and Consumer Surplus -- Demand and Marginal Benefit -- Consumer Surplus -- Checkpoint 6.2 -- 6.3 Cost, Price, and Producer Surplus -- Supply and Marginal Cost -- Producer Surplus -- Checkpoint 6.3 -- 6.4 Are Markets Efficient?. ; Marginal Benefit Equals Marginal Cost -- Total Surplus Is Maximized -- The Invisible Hand -- Market Failure -- Sources of Market Failure -- Alternatives to the Market -- Checkpoint 6.4 -- 6.5 Are Markets Fair? -- It's Not Fair If the Rules Aren't Fair -- It's Not Fair If the Result Isn't Fair -- Compromise -- Checkpoint 6.5 -- Chapter summary -- Chapter Checkpoint -- EYE on the U.S. ECONOMY The Invisible Hand and e-Commerce -- EYE on Price Gouging Should Price Gouging Be Illegal? -- EYE on YOUR LIFE Allocation Methods, Efficiency, and Fairness -- Chapter 7 Government Actions in Markets -- Chapter Checklist -- 7.1 Taxes on Buyers and Sellers -- Tax Incidence -- Taxes and Efficiency -- Incidence, Inefficiency, and Elasticity -- Incidence, Inefficiency, and the Elasticity of Demand -- Incidence, Inefficiency, and the Elasticity of Supply -- Checkpoint 7.1 -- 7.2 Price Ceilings -- A Rent Ceiling -- Are Rent Ceilings Efficient? -- Are Rent Ceilings Fair? -- If Rent Ceilings Are So Bad, Why Do We Have Them? -- Checkpoint 7.2 -- 7.3 Price Floors -- The Minimum Wage -- Is the Minimum Wage Efficient? -- Is the Minimum Wage Fair? -- If the Minimum Wage Is So Bad, Why Do We Have It? -- Checkpoint 7.3 -- 7.4 Price Supports in Agriculture -- How Governments Intervene in Markets for Farm Products -- Price Support: An Illustration -- Checkpoint 7.4 -- Chapter summary -- Chapter Checkpoint -- EYE on the U.S. ECONOMY The Federal Minimum Wage -- EYE on Price Regulation Can the President Repeal the Laws of Supply and Demand? -- EYE on YOUR LIFE Price Ceilings and Price Floors -- Chapter 8 Global Markets in Action -- Chapter Checklist -- 8.1 How Global Markets Work -- International Trade Today -- What Drives International Trade? -- Why the United States Imports T-Shirts -- Why the United States Exports Airplanes -- Checkpoint 8.1. ; 8.2 Winners, Losers, and Net Gains From Trade -- Gains and Losses from Imports -- Gains and Losses from Exports -- Checkpoint 8.2 -- 8.3 International Trade Restrictions -- Tariffs -- Import Quotas -- Other Import Barriers -- Export Subsidies -- Checkpoint 8.3 -- 8.4 The Case Against Protection -- Three Traditional Arguments for Protection -- Four Newer Arguments for Protection -- Why Is International Trade Restricted? -- Checkpoint 8.4 -- Chapter summary -- Chapter Checkpoint -- EYE on the U.S. ECONOMY U.S. Exports and Imports -- EYE on Globalization Who Wins and Who Loses from Globalization? -- EYE on the PAST The History of U.S. Tariffs -- EYE on YOUR LIFE International Trade -- Chapter 9 Externalities: Pollution, Education,and Health Care -- Chapter Checklist -- Externalities in Our Daily Lives -- Negative Production Externalities -- Positive Production Externalities -- Negative Consumption Externalities -- Positive Consumption Externalities -- 9.1 Negative Externalities: Pollution -- Private Costs and Social Costs -- Production and Pollution: How Much? -- Establish Property Rights -- Mandate Clean Technology -- Tax or Cap and Price Pollution -- Checkpoint 9.1 -- 9.2 Positive Externalities: Education and Health Care -- Private Benefits and Social Benefits -- Government Actions in the Face of External Benefits -- Economic Problems in Health-Care Markets -- Health-Care Systems in Other Countries -- A Reform Idea -- Checkpoint 9.2 -- Chapter summary -- Chapter Checkpoint -- EYE on the U.S. ECONOMY U.S. Air Pollution Trends -- EYE on Climate Change How Can We Limit Climate Change? -- EYE on the U.S. ECONOMY Education Quality: Charter Schools and Vouchers -- EYE on YOUR LIFE Externalities in Your Life -- EYE on the U.S. ECONOMY Health Care in the United States: A Snapshot -- Part 3 Prices, Profits, and Industry Performance. ; Chapter 10 Production and Cost.
• Sommario/riassunto: For one-semester Principles of Economics courses. A practice-oriented learning system that breaks the traditional textbook mold To help students focus on the most important concepts-and effectively practice application of those concepts-Essential Foundations of Economics is structured around a Checklist/Checkpoint system. The result is a patient, confidence-building program that prepares students to use economics in their everyday lives, regardless of what their future career will be. This program provides a better teaching and learning experience-for you and your students. It will help you to: Personalize learning with MyEconLab: This online homework, tutorial, and assessment program engages students in learning and provides instructors tools to keep students on track. Encourage students to learn by doing: A Checklist/Checkpoint system provides a practice-oriented framework that enables active learning. Command student attention and foster interest in the course: Engaging features draw students into the material, and keep them focused throughout the course. Provide engaging, fully updated content: New and updated material on contemporary topics better motivates students to discover the economic way of thinking.
• Titolo autorizzato: Essential foundations of economics
• ISBN: 1-292-07549-X
• Formato: Materiale a stampa
• Livello bibliografico: Monografia
• Lingua di pubblicazione: Inglese
• Record Nr.: 9910154779903321
• Lo trovi qui: Univ. Federico II
• Serie: Always learning.