Principles of Economics Asian Edition (IE-Paperback)
Frank Robert, Bernanke Ben
COURSE: The book is intended for a modern, undergraduate two-semester principles of economics course, in which a more focused and less encyclopedic approach is desired. The course is most commonly found in departments of economics and agricultural economics but is also offered in many business schools. (About two-thirds of the market uses micro or macro splits.) Target Mankiw, Case/Fair, Krugman, Baumol/Blinder, Parkin, and Hall/Lieberman users.
Significant revision of the macro chapter organization, based on reviewer and user feedback, to improve the flow of material, streamline and eliminate redundancies and to make material clearer for student understanding.
- Material from 3e?s Chapter 9: International Trade is now found in Chapter 2: Comparative Advantage, and Chapter 28: International Trade and Capital Flows.
- Labor market material from 3e?s Chapter 18: GDP and Unemployment, and Chapter 21: Workers, Wages and Unemployment has been combined into new Chapter 18: Wages and Unemployment. This eliminates the redundancy of unemployment coverage in 2 chapters, placing it now in just one (18).
- GDP coverage from 3e Chapter 18: GDP and Unemployment is now placed within new Chapter 16: Spending, Income and GDP.
- Material from 3e?s Chapter 23: Money, Prices and the Federal Reserve is now covered in new Chapter 21: Money and Prices in the Long-Run, as well as Chapter 24: Stabilizing the Economy: The Federal Reserve.
- Material from 3e?s Chapter 24: Financial Markets and International Capital Flows is now covered in new Chapter 20: Saving, Capital Formation, and Financial Markets, as well as Chapter 28: International Trade and Capital Flows.
- Logic chains are now used to summarize the effects of monetary policy for better student understanding.
- The relationship between output gaps, inflation and monetary policy developed in the simple Keynesian model is used to motivate the Fed?s Monetary Policy Rule.
- New graphs and treatment of simple Keynesian model and AS/AD content (chapters 25-26). The new graphs and narrative clarify content, and match with the way our users and reviewers tell us they teach. Treatment now includes the upward sloping AS short-run curve that instructors like to use, but is based on Bernanke?s modern perspective on macroeconomic
- Graphs are also labeled with numbers and annotated in order to more clearly communicate shifts and changes in the graphs.
- Learning Objectives now open every chapter, clearly identifying for the instructor and student the concepts that will be covered in each chapter. This aids the instructor in course organization and assessment, and helps students identify what concepts they should understand at the completion of each chapter
Part I Introduction
Ch 1 Thinking Like an Economist
Ch 2 Comparative Advantage
Ch 3 Supply and Demand
Part II Competition and the Invisible Hand
Ch 4 Elasticity
Ch 5 Demand
Ch 6 Perfectly Competitive Supply
Ch 7 Efficiency and Exchange
Ch 8 The Quest for Profit and the Invisible Hand
Part III Market Imperfections
Ch 9 Monopoly and Other Forms of Imperfect Competition
Ch 10 Strategic Choice in Oligopoly, Monopolistic Competition, and Everyday Life
Ch 11 Externalities and Property Rights
Ch 12 The Economics of Information
Part IV Economics of Public Policy
Ch 13 Labor Markets, Poverty, and Income Distribution
Ch 14 The Environment, Health, and Safety
Ch 15 Public Goods and Tax Policy
Part V Macroeconomics: Data and Issues
Ch 16 Spending, Income, and GDP
Ch 17 Inflation and Price Level
Ch 18 Wages and Unemployment
Part VI The Economy in the Long Run
Ch 19 Economic Growth
Ch 20 Saving, Capital Formation, and Financial Markets
Ch 21 The Financial System, Money, and Prices
Part VII The Economy in the Short Run
Ch 22 Short-Term Economic Fluctuations
Ch 23 Spending and Output in the Short Run
Ch 24 Stabilizing the Economy: The Role of the Federal Reserve
Ch 25 Aggregate Demand and Aggregate Supply
Ch 26 Macroeconomic Policy
Part VIII The International Economy
Ch 27 Exchange Rates and the Open Economy
Ch 28 International Trade and Capital Flows