Sign in  |  Register
Advanced search
Publication Cover

CITATION

Fox, Melanie and Dodge, Eric. Economics DeMYSTiFieD. US: McGraw-Hill, 2012.

Economics DeMYSTiFieD

Authors: Melanie Fox and Eric Dodge

Published:  May 2012

eISBN: 9780071782845 0071782842 | ISBN: 9780071782838
Open eBook
  • Contents
  • Introduction
  • Chapter 1 Introduction to Economics
  • Scarcity
  • Four Economic Resources
  • Opportunity Cost
  • Rational Decision Making
  • Marginal Analysis
  • Economic Models
  • Appendix: Math and Graph Review
  • Chapter 2 Utility and Consumer Choice
  • Utility Functions and Preferences
  • Principle of Diminishing Marginal Utility
  • Budget Constraints
  • Constrained Utility Maximization
  • Spending the Marginal Dollar
  • Chapter 3 Demand
  • The Law of Demand
  • Demand Curves
  • Determinants of Demand
  • Price Elasticity of Demand
  • Cross-Price and Income Elasticities of Demand
  • Chapter 4 Production and Cost
  • The Inputs Used in Production—Fixed and Variable
  • The Short Run and the Long Run
  • Short-Run Production
  • Diminishing Marginal Product
  • Costs in the Short Run
  • Increasing Marginal Cost
  • Chapter 5 Supply
  • The Marginal Cost Curve
  • The Law of Supply
  • Supply Curves
  • Determinants of Supply
  • The Price Elasticity of Supply
  • Chapter 6 Market Equilibrium
  • Competitive Markets
  • Equilibrium
  • Changes to Equilibrium
  • Efficiency in Competitive Markets
  • Price Controls
  • Excise Taxes
  • Chapter 7 Perfect Competition
  • Key Assumptions of Perfect Competition
  • Revenue and Costs
  • Profit Maximization, Mathematically
  • Accounting Profit and Economic Profit
  • Profit Maximization, Graphically
  • Economic Profit and Loss in the Short Run
  • Long-Run Adjustments
  • Efficiency
  • Chapter 8 Monopoly
  • Key Assumptions
  • Demand, Marginal Revenue, and Elasticity
  • Profit Maximization
  • Deadweight Loss
  • Government Regulation
  • Price Discrimination
  • Appendix
  • Chapter 9 Imperfect Competition: Monopolistic Competition and Oligopoly
  • Key Assumptions of Monopolistic Competition
  • Short-Run Equilibrium in Monopolistic Competition
  • Long-Run Equilibrium in Monopolistic Competition
  • Oligopoly
  • Key Assumptions of Oligopoly
  • Game Theory
  • Chapter 10 Factor Markets
  • The Choice Between Labor and Leisure
  • An Individual’s Labor Supply
  • Labor Demand
  • How Wages Are Determined
  • Least-Cost Hiring of Two Inputs
  • Chapter 11 Introduction to Macroeconomics
  • A Model of the Economy as a Whole: The Circular Flow Diagram
  • Measuring the State of the Economy
  • Counting GDP: The Expenditures Approach
  • Counting GDP: The Income Approach
  • GNP Versus GDP—What’s the Difference?
  • Chapter 12 Unemployment
  • What is Unemployment?
  • The Labor Force
  • Measuring Unemployment
  • Two Types of Unemployment
  • The Idea of Full Employment
  • Underemployment and Discouraged Workers
  • Theories of Unemployment
  • Chapter 13 Inflation
  • Introduction to Inflation
  • The Consumer Price Index
  • Real and Nominal Dollars
  • The Consequences of Inflation
  • Deflation Versus Disinflation
  • Employment and Inflation
  • Chapter 14 The Model of Aggregate Demand and Aggregate Supply
  • Real GDP and Nominal GDP
  • Understanding the Model of Aggregate Demand and Aggregate Supply
  • Aggregate Demand (AD)
  • Aggregate Supply (SRAS and LRAS)
  • Equilibrium in the Macroeconomy
  • Economic Growth
  • Chapter 15 Money and the Money Market
  • The Functions and Types of Money
  • The Money Supply
  • Fractional Reserves
  • The Role of a Central Bank
  • The Money Market
  • Chapter 16 Fiscal Policy and Monetary Policy
  • The Interest Rate
  • The Classical Theory of Economics
  • Keynesian Theory
  • Fiscal Policy
  • Difficulties with Fiscal Policy
  • Monetary Policy
  • Problems with Fiscal and Monetary Policy
  • Applying Policy Actions to Economic Fluctuations
  • Chapter 17 The Global Economy
  • Production Possibilities
  • Comparative Advantage and Gains from Trade
  • Foreign Exchange Markets
  • Currency Appreciation and Depreciation
  • How Do Exchange Rates Affect Aggregate Demand?
  • Balance of Payments
  • Foreign Currency and Economic Policy
  • Trade Barriers
  • Chapter 18 Public Goods and the Environment
  • Private and Public Goods
  • Providing Public Goods
  • Positive Externalities
  • Negative Externalities
  • Government Remedies for Externalities
  • How Can Economics Reduce Pollution?
  • Chapter 19 Health Economics and the Market for Health Insurance
  • Introduction to Health Economics
  • Healthcare Markets
  • The Market for Insurance
  • Healthcare Policy Reform
  • Chapter 20 Economic Research
  • Introduction to Research in Economics
  • The Research Process
  • Final Exam
  • Answers to Quizzes and Final Exam
  • Index