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Economics / / Michael Parkin
| Economics / / Michael Parkin |
| Autore | Parkin Michael |
| Edizione | [Twelfth, global edition.] |
| Pubbl/distr/stampa | Boston : , : Pearson, , 2016 |
| Descrizione fisica | 1 online resource (863 pages) : illustrations (some color), photographs, graphs |
| Disciplina | 330 |
| Collana | Always Learning |
| Soggetto topico | Economics |
| ISBN |
9781292094595 (ebk.)
1292094591 |
| Formato | Materiale a stampa  |
| Livello bibliografico | Monografia |
| Lingua di pubblicazione | eng |
| Nota di contenuto |
Cover -- About The Author -- Brief Contents -- Detailed Contents -- Preface -- Part One: Introduction -- Chapter 1: What is Economics? -- Definition of Economics -- Two Big Economic Questions -- What, How, and For Whom? -- Do Choices Made in the Pursuit of Self-Interest also Promote the Social Interest? -- The Economic Way of Thinking -- A Choice is a Tradeoff -- Making a Rational Choice -- Benefit: What You Gain -- Cost: What You Must Give Up -- How Much? Choosing at the Margin -- Choices Respond to Incentives -- Economics as Social Science and Policy Tool -- Economist as Social Scientist -- Economist as Policy Adviser -- Appendix: Graphs in Economics -- Graphing Data -- Scatter Diagrams -- Graphs Used in Economic Models -- Variables That Move in the Same Direction -- Variables That Move in Opposite Directions -- Variables That Have a Maximum or a Minimum -- Variables That are Unrelated -- The Slope of a Relationship -- The Slope of a Straight Line -- The Slope of a Curved Line -- Graphing Relationships Among More than Two Variables -- Ceteris Paribus -- When Other Things Change -- Mathematical Note: Equations of Straight Lines -- At Issue -- Economics in the News -- Chapter 2: The Economic Problem -- Production Possibilities and Opportunity Cost -- Production Possibilities Frontier -- Production Efficiency -- Tradeoff Along the PPF -- Opportunity Cost -- Using Resources Efficiently -- The PPF and Marginal Cost -- Preferences and Marginal Benefit -- Allocative Efficiency -- Economic Growth -- The Cost of Economic Growth -- A Nation's Economic Growth -- Gains from Trade -- Comparative Advantage and Absolute Advantage -- Achieving the Gains from Trade -- Economic Coordination -- Firms -- Markets -- Property Rights -- Money -- Circular Flows Through Markets -- Coordinating Decisions -- Economics in Action -- Economics in the News.
Part One Wrap-Up: Understanding the Scope of Economics -- Your Economic Revolution -- Talking with Esther Duflo -- Part Two: How Markets Work -- Chapter 3: Demand and Supply -- Markets and Prices -- Demand -- The Law of Demand -- Demand Curve and Demand Schedule -- A Change in Demand -- A Change in the Quantity Demanded Versus a Change in Demand -- Supply -- The Law of Supply -- Supply Curve and Supply Schedule -- A Change in Supply -- A Change in the Quantity Supplied Versus a Change in Supply -- Market Equilibrium -- Price as a Regulator -- Price Adjustments -- Predicting Changes in Price and Quantity -- An Increase in Demand -- A Decrease in Demand -- An Increase in Supply -- A Decrease in Supply -- Changes in Both Demand and Supply -- Mathematical Note: Demand, Supply, and Equilibrium -- Economics In The News -- Chapter 4: Elasticity -- Price Elasticity of Demand -- Calculating Price Elasticity of Demand -- Inelastic and Elastic Demand -- The Factors that Influence the Elasticity of Demand -- Elasticity Along a Linear Demand Curve -- Total Revenue and Elasticity -- Your Expenditure and Your Elasticity -- More Elasticities of Demand -- Income Elasticity of Demand -- Cross Elasticity of Demand -- Elasticity of Supply -- Calculating the Elasticity of Supply -- The Factors that Influence the Elasticity of Supply -- Economics in Action -- Economics in the News -- Chapter 5: Efficiency and Equity -- Resource Allocation Methods -- Market Price -- Command -- Majority Rule -- Contest -- First-Come, First-Served -- Lottery -- Personal Characteristics -- Force -- Benefit, Cost, and Surplus -- Demand, Willingness to Pay, and Value -- Individual Demand and Market Demand -- Consumer Surplus -- Supply and Marginal Cost -- Supply, Cost, and Minimum Supply-Price -- Individual Supply and Market Supply -- Producer Surplus -- Is the Competitive Market Efficient?. Efficiency of Competitive Equilibrium -- Market Failure -- Sources of Market Failure -- Alternatives to the Market -- Is the Competitive Market Fair? -- It's Not Fair if the Result Isn't Fair -- It's Not Fair if the Rules Aren't Fair -- Case Study: A Generator Shortage in a Natural Disaster -- Economics in Action -- At Issue -- Economics in the News -- Chapter 6: Government Actions in Markets -- A Housing Market with a Rent Ceiling -- A Housing Shortage -- Increased Search Activity -- A Black Market -- Inefficiency of a Rent Ceiling -- Are Rent Ceilings Fair? -- A Labor Market with a Minimum Wage -- Minimum Wage Brings Unemployment -- Is the Minimum Wage Fair? -- Inefficiency of a Minimum Wage -- Taxes -- Tax Incidence -- A Tax on Sellers -- A Tax on Buyers -- Equivalence of Tax on Buyers and Sellers -- Tax Incidence and Elasticity of Demand -- Tax Incidence and Elasticity of Supply -- Taxes and Efficiency -- Taxes and Fairness -- Production Quotas and Subsidies -- Production Quotas -- Subsidies -- Markets for Illegal Goods -- A Free Market for a Drug -- A Market for an Illegal Drug -- Legalizing and Taxing Drugs -- Economics in Action -- At Issue -- Economics in the News -- Chapter 7: Global Markets in Action -- How Global Markets Work -- International Trade Today -- What Drives International Trade? -- Why the United States Imports T-Shirts -- Why the United States Exports Airplanes -- Winners, Losers, and the Net Gain from Trade -- Gains and Losses from Imports -- Gains and Losses from Exports -- Gains for All -- International Trade Restrictions -- Tariffs -- Import Quotas -- Other Import Barriers -- Export Subsidies -- The Case Against Protection -- Helps an Infant Industry Grow -- Counteracts Dumping -- Saves Domestic Jobs -- Allows Us to Compete with Cheap Foreign Labor -- Penalizes Lax Environmental Standards. Prevents Rich Countries from Exploiting Developing Countries -- Reduces Offshore Outsourcing that Sends Good U.S. Jobs to Other Countries -- Avoiding Trade Wars -- Why is International Trade Restricted? -- Compensating Losers -- Economics in Action -- At Issue -- Economics in the News -- Part Two Wrap-Up: Understanding How Markets Work -- The Amazing Market -- Talking with Susan Athey -- Part Three: Households' Choices -- Chapter 8: Utility and Demand -- Consumption Choices -- Consumption Possibilities -- Preferences -- Utility-Maximizing Choice -- A Spreadsheet Solution -- Choosing at the Margin -- The Power of Marginal Analysis -- Revealing Preferences -- Predictions of Marginal Utility Theory -- A Fall in the Price of a Movie -- A Rise in the Price of Soda -- A Rise in Income -- The Paradox of Value -- Temperature: An Analogy -- New Ways of Explaining Consumer Choices -- Behavioral Economics -- Neuroeconomics -- Controversy -- Economics in Action -- Economics in the News -- Chapter 9: Possibilities, Preferences, and Choices -- Consumption Possibilities -- Budget Line -- Budget Equation -- Preferences and Indifference Curves -- Marginal Rate of Substitution -- Degree of Substitutability -- Predicting Consumer Choices -- Best Affordable Choice -- A Change in Price -- A Change in Income -- Substitution Effect and Income Effect -- Economics in Action -- Economics In The News -- Part Three Wrap-Up: Understanding Households' Choices -- Making the Most of Life -- Talking with Steven D. Levitt -- Part Four: Firms and Markets -- Chapter 10: Organizing Production -- The Firm and Its Economic Problem -- The Firm's Goal -- Accounting Profit -- Economic Accounting -- A Firm's Opportunity Cost of Production -- Economic Accounting: A Summary -- The Firm's Decisions -- The Firm's Constraints -- Technological and Economic Efficiency -- Technological Efficiency. Economic Efficiency -- Information and Organization -- Command Systems -- Incentive Systems -- The Principal-Agent Problem -- Coping with the Principal-Agent Problem -- Types of Business Organization -- Pros and Cons of Different Types of Firms -- Markets and the Competitive Environment -- Measures of Concentration -- Limitations of a Concentration Measure -- Produce or Outsource? Firms and Markets -- Firm Coordination -- Market Coordination -- Why Firms? -- Economics in Action -- Economics in the News -- Chapter 11: Output and Costs -- Decision Time Frames -- The Short Run -- The Long Run -- Short-Run Technology Constraint -- Product Schedules -- Product Curves -- Total Product Curve -- Marginal Product Curve -- Average Product Curve -- Short-Run Cost -- Total Cost -- Marginal Cost -- Average Cost -- Marginal Cost and Average Cost -- Why the Average Total Cost Curve is U-Shaped -- Cost Curves and Product Curves -- Shifts in the Cost Curves -- Long-Run Cost -- The Production Function -- Short-Run Cost and Long-Run Cost -- The Long-Run Average Cost Curve -- Economies and Diseconomies of Scale -- Economics in Action -- Economics in the News -- Chapter 12: Perfect Competition -- What is Perfect Competition? -- How Perfect Competition Arises -- Price Takers -- Economic Profit and Revenue -- The Firm's Decisions -- The Firm's Output Decision -- Marginal Analysis and the Supply Decision -- Temporary Shutdown Decision -- The Firm's Supply Curve -- Output, Price, and Profit in the Short Run -- Market Supply in the Short Run -- Short-Run Equilibrium -- A Change in Demand -- Profits and Losses in the Short Run -- Three Possible Short-Run Outcomes -- Output, Price, and Profit in the Long Run -- Entry and Exit -- A Closer Look at Entry -- A Closer Look at Exit -- Long-Run Equilibrium -- Changes in Demand and Supply as Technology Advances -- An Increase in Demand. A Decrease in Demand. |
| Record Nr. | UNINA-9910154950103321 |
Parkin Michael
|
||
| Boston : , : Pearson, , 2016 | ||
| Materiale a stampa | ||
| Lo trovi qui: Univ. Federico II | ||
| ||
Economics / / Michael Parkin, Melanie Powell, Kent Matthews
| Economics / / Michael Parkin, Melanie Powell, Kent Matthews |
| Autore | Parkin Michael |
| Edizione | [9th edition.] |
| Pubbl/distr/stampa | Harlow : , : Pearson, , 2014 |
| Descrizione fisica | 1 online resource (815 pages) : illustrations (some color), photographs, tables, graphs |
| Disciplina | 330 |
| Collana | Always learning |
| Soggetto topico | Economics |
| ISBN |
9781292009513 (PDF)
9781292009537 (eText) 1292009519 1292009454 1306463807 9781292009452 (print) |
| Formato | Materiale a stampa |
| Livello bibliografico | Monografia |
| Lingua di pubblicazione | eng |
| Nota di contenuto |
Cover -- Contents -- Guided Tour for Students -- Preface -- 1 What Is Economics? -- A Definition of Economics -- Two Big Economic Questions -- What, How and For Whom? -- Does the Pursuit of Self-interest Unintentionally Promote the Social Interest? -- The Economic Way of Thinking -- A Choice Is a Trade-Off -- Making a Rational Choice -- Benefit: What You Gain -- Cost: What You Must Give Up -- How Much? Choosing at the Margin -- Choices Respond to Incentives -- Economics as a Social Science and Policy Tool -- Economist as Social Scientist -- Economist as Policy Adviser -- SUMMARY -- STUDY PLAN PROBLEMS AND APPLICATIONS -- ADDITIONAL PROBLEMS AND APPLICATIONS -- CHAPTER 1 APPENDIX: Graphs in Economics -- Graphing Data -- Scatter Diagrams -- Breaks in the Axes -- Misleading Graphs -- Correlation and Causation -- Graphs Used in Economic Models -- Variables That Move in the SameDirection -- Variables That Move in Opposite Directions -- Variables That Have a Maximum or a Minimum -- Variables That Are Unrelated -- The Slope of a Relationship -- The Slope of a Straight Line -- The Slope of a Curved Line -- Graphing Relationships Among More Than Two Variables -- Ceteris Paribus -- When Other Things Change -- MATHEMATICAL NOTE: Equations of Straight Lines -- 2 The Economic Problem -- Production Possibilities and Opportunity Cost -- Production Possibilities Frontier -- Production Efficiency -- Trade-Off Along the PPF -- Opportunity Cost -- Using Resources Efficiently -- The PPF and Marginal Cost -- Preferences and Marginal Benefit -- Efficient Use of Resources -- Economic Growth -- The Cost of Economic Growth -- Gains from Trade -- Comparative Advantage and Absolute Advantage -- Achieving the Gains from Trade -- Economic Coordination -- Firms -- Markets -- Property Rights -- Money -- Circular Flows Through Markets -- Coordinating Decisions.
READING BETWEEN THE LINES: The Rising Opportunity Cost of Food -- 3 Demand and Supply -- Markets and Prices -- A Competitive Market -- Demand -- The Law of Demand -- Demand Curve and Demand Schedule -- A Change in Demand -- A Change in the Quantity Demanded versus a Change in Demand -- Supply -- The Law of Supply -- Supply Curve and Supply Schedule -- A Change in Supply -- A Change in the Quantity Supplied versus a Change in Supply -- Market Equilibrium -- Price as a Regulator -- Price Adjustments -- Predicting Changes in Price and Quantity -- An Increase in Demand -- A Decrease in Demand -- An Increase in Supply -- A Decrease in Supply -- All the Possible Changes in Demand and Supply -- READING BETWEEN THE LINES: Demand and Supply: The Price of a Loaf -- MATHEMATICAL NOTE: Demand, Supply and Equilibrium -- 4 Elasticity -- Price Elasticity of Demand -- Calculating Price Elasticity of Demand -- Inelastic and Elastic Demand -- The Factors That Influence the Elasticity of Demand -- Elasticity Along a Linear Demand Curve -- Total Revenue and Elasticity -- Your Expenditure and Your Elasticity -- More Elasticities of Demand -- Income Elasticity of Demand -- Cross Elasticity of Demand -- Elasticity of Supply -- Calculating the Elasticity of Supply -- The Factors That Influence the Elasticity of Supply -- READING BETWEEN THE LINES: Elasticity: Demand for Wine -- 5 Efficiency and Equity -- Resource Allocation Methods -- Market Price -- Command -- Majority Rule -- Contest -- First-Come, First-Served -- Lottery -- Personal Characteristics -- Force -- Benefit, Cost and Surplus -- Demand, Willingness to Pay and Value -- Individual Demand and Market Demand -- Consumer Surplus -- Supply and Marginal Cost -- Supply, Cost and Minimum Supply-Price -- Individual Supply and Market Supply -- Producer Surplus -- Is the Competitive Market Efficient?. Efficiency of Competitive Equilibrium -- Market Failure -- Sources of Market Failure -- Alternatives to the Market -- Is the Competitive Market Fair? -- It's Not Fair if the Result Isn't Fair -- It's Not Fair if the Rules Aren't Fair -- Case Study: A Shortage of HotelRooms in a Natural Disaster -- READING BETWEEN THE LINES: Making Traffic Flow Efficiently -- 6 Government Actions in Markets -- A Housing Market with a Rent Ceiling -- A Housing Shortage -- Increased Search Activity -- Black Market -- Inefficiency of Rent Ceilings -- Are Rent Ceilings Fair? -- Allocating Housing Among Demanders -- A Labour Market with a Minimum Wage -- Minimum Wage Brings Unemployment -- Is the Minimum Wage Fair? -- Inefficiency of a Minimum Wage -- Taxes -- Tax Incidence -- A Tax on Sellers -- A Tax on Buyers -- Equivalence of Tax on Buyers and Sellers -- Tax Incidence and Elasticity of Demand -- Tax Incidence and Elasticity of Supply -- Taxes and Efficiency -- Taxes and Fairness -- Production Quotas and Subsidies and Price Supports -- Production Quotas -- Production Subsidies -- Price Supports -- Markets for Illegal Goods -- READING BETWEEN THE LINES: Inefficient Farm Subsidies -- 7 Global Markets in Action -- How Global Markets Work -- International Trade Today -- What Drives International Trade? -- Why the UK Imports Cars -- Why the UK Exports Chemicals -- Winners, Losers and the Net Gain from Trade -- Gains and Losses from Imports -- Gains and Losses from Exports -- Gains for All -- International Trade Restrictions -- Tariffs -- Import Quotas -- Export Subsidies -- Other Import Barriers -- The Case Against Protection -- Helps an Infant Industry Grow -- Counteracts Dumping -- Saves Domestic Jobs -- Allows Us to Compete with Cheap Foreign Labour -- Penalises Lax Environmental Standards -- Prevents Rich Countries from Exploiting Developing Countries. Reduces Offshore Outsourcing that Sends Good UK Jobs Abroad -- Avoiding Trade Wars -- Why Is International Trade Restricted? -- Compensating Losers -- READING BETWEEN THE LINES: EU-Korea Free Trade Deal -- 8 Households' Choices -- Consumption Possibilities -- The Budget Line -- The Budget Equation -- Preferences and Indifference Curves -- Marginal Rate of Substitution -- Degree of Substitutability -- Predicting Consumer Behaviour -- Best Affordable Choice -- A Change in Price -- A Change in Income -- Substitution Effect and Income Effect -- New Ways of Explaining Households' Choices -- Behavioural Economics -- Neuroeconomics -- Controversy -- READING BETWEEN THE LINES: Prime Beef versus Value Steak -- 9 Organising Production -- The Firm and Its Economic Problem -- The Firm's Goal -- Accounting Profit -- Economic Accounting -- Opportunity Cost of Production -- Economic Accounting: A Summary -- The Firm's Decisions -- The Firm's Constraints -- Technological and Economic Efficiency -- Technological Efficiency -- Economic Efficiency -- Information and Organisation -- Command Systems -- Incentive Systems -- The Principal-Agent Problem -- Coping with the Principal-Agent Problem -- Types of Business Organisations -- Pros and Cons of Different Types of Firms -- Markets and the Competitive Environment -- Identifying a Market Structure -- UK Market Structures -- Produce or Outsource? Firms and Markets -- Firm Coordination -- Market Coordination -- Why Firms? -- READING BETWEEN THE LINES: Competition in Markets for Internet Advertising -- 10 Output and Costs -- Time Frames for Decisions -- The Short Run -- The Long Run -- Short-Run Technology Constraint -- Product Schedules -- Product Curves -- Total Product Curve -- Marginal Product Curve -- Average Product Curve -- Short-Run Cost -- Total Cost -- Marginal Cost -- Average Cost -- Marginal Cost and Average Cost. Why the Average Total Cost Curve Is U-Shaped -- Cost Curves and Product Curves -- Shifts in the Cost Curves -- Long-Run Cost -- The Production Function -- Short-Run Cost and Long-Run Cost -- The Long-Run Average Cost Curve -- Economies and Diseconomies of Scale -- READING BETWEEN THE LINES: JLR Expanding Engine Plant Capacity -- CHAPTER 10 APPENDIX: Producing at Least Cost -- Isoquants and Factor Substitution -- An Isoquant Map -- The Marginal Rate of Substitution -- Isocost Lines -- The Isocost Equation -- The Isocost Map -- The Effect of Factor Prices -- The Least-Cost Technique -- Marginal Rate of Substitution and Marginal Products -- Marginal Cost -- Making Connections -- 11 Perfect Competition -- What Is Perfect Competition? -- How Perfect Competition Arises -- Price Takers -- Economic Profit and Revenue -- The Firm's Decisions -- The Firm's Output Decision -- Marginal Analysis -- Temporary Shutdown Decision -- The Firm's Short-Run Supply Curve -- Output, Price and Profit in the Short Run -- Market Supply in the Short Run -- Short-Run Equilibrium -- A Change in Demand -- Profits and Losses in the Short Run -- Output, Price and Profit in the Long Run -- Entry and Exit -- A Closer Look at Entry -- A Closer Look at Exit -- Long-Run Equilibrium -- Changes in Demand and Supply as Technology Advances -- An Increase in Demand -- A Decrease in Demand -- Technological Advances Change Supply -- Competition and Efficiency -- Efficient Use of Resources -- Choices, Equilibrium and Efficiency -- READING BETWEEN THE LINES: Perfect Competition in iPhone 'Apps' -- 12 Monopoly -- Monopoly and How It Arises -- How Monopoly Arises -- Monopoly Price-Setting Strategies -- A Single-Price Monopoly's Output and Price Decision -- Price and Marginal Revenue -- Marginal Revenue and Elasticity -- Price and Output Decision -- Single-Price Monopoly and Competition Compared. Comparing Price and Output. |
| Record Nr. | UNINA-9910153061503321 |
|
Parkin Michael
|
||
| Harlow : , : Pearson, , 2014 | ||
| Materiale a stampa | ||
| Lo trovi qui: Univ. Federico II | ||
| ||
Economics / di Michael Parkin, David King
| Economics / di Michael Parkin, David King |
| Autore | Parkin, Michael |
| Pubbl/distr/stampa | Wokingham : Addison-Wesley, 1992 |
| Descrizione fisica | XXVIII, 1011 p. ; 23 cm |
| Disciplina | 330 |
| Formato | Materiale a stampa |
| Livello bibliografico | Monografia |
| Lingua di pubblicazione | eng |
| Record Nr. | UNINA-990006090480403321 |
|
Parkin, Michael
|
||
| Wokingham : Addison-Wesley, 1992 | ||
| Materiale a stampa | ||
| Lo trovi qui: Univ. Federico II | ||
| ||