Description
MC GRAW HILL Economics 2Nd Edition 2020 Edition by Dean S. Karlan, Jonathan J. Morduch
OVERVIEWBuilt to focus on what matters to students in today’s high-tech, globalized world, Economics combines a familiar curriculum with material from new research and applied areas, such as finance, behavioral economics, and the political economy. The text proceeds step-by-step from the personal to the public, allowing readers to build an understanding of aggregate decisions on a solid foundation of individual decision making. By using engaging empirical cases, data, and research, it aims to bridge the gap between theory and application.KEY FEATURES• Unique coverage: Presents the core principles of economics but also seeks to present some of the new ideas that are expanding the basics of economic theory• Engaging pedagogical features: Includes chapter-opening examples, boxed features such as Real Life, From Another Angle, What Do You Think? Where Can It Take You? etc.• Approach: Shows students how economics connects to important ideas and issues in the world and presents a balanced, data-driven view• Orientation: Teaches principles as evidence-based tools for tackling real situations.Part 1: THE POWER OF ECONOMICSChapter 1 Economics and LifeChapter 2 Specialization and ExchangePart 2: SUPPLY AND DEMANDChapter 3 MarketsChapter 4 ElasticityChapter 5 EfficiencyChapter 6 Government InterventionPart 3: INDIVIDUAL DECISIONSChapter 7 Consumer BehaviorChapter 8 Behavioral Economics: A Closer Look at Decision MakingChapter 9 Game Theory and Strategic ThinkingChapter 10 InformationChapter 11 Time and UncertaintyPart 4: FIRM DECISIONSChapter 12 The Costs of ProductionChapter 13 Perfect CompetitionChapter 14 MonopolyChapter 15 Monopolistic Competition and OligopolyChapter 16 The Factors of ProductionChapter 17 International TradePart 5: PUBLIC ECONOMICSChapter 18 ExternalitiesChapter 19 Public Goods and Common ResourcesChapter 20 Taxation and the Public BudgetChapter 21 Poverty, Inequality, and DiscriminationChapter 22 Political ChoicesChapter 23 Public Policy and Choice ArchitecturePart 6: THE DATA OF MACROECONOMICSChapter 24 Measuring GDPChapter 25 The Cost of LivingPart 7: LABOR MARKETS AND ECONOMIC GROWTHChapter 26 Unemployment and the Labor MarketChapter 27 Economic GrowthPart 8: THE ECONOMY IN THE SHORT AND LONG RUNChapter 28 Aggregate ExpenditureChapter 29 Aggregate Demand and Aggregate SupplyChapter 30 Fiscal PolicyPart 9: THE FINANCIAL SYSTEM AND INSTITUTIONSChapter 31 The Basics of FinanceChapter 32 Money and the Monetary SystemChapter 33 InflationChapter 34 Financial Crisis (On the Web)Part 10 (On the Web): INTERNATIONAL POLICY ISSUESChapter 35 Aggregate Demand and Aggregate SupplyChapter 36 Fiscal PolicyON THE OLCOnline Appendix A: Math Essentials: Understanding Graphs and SlopeOnline Appendix B: Math Essentials: Working with Linear EquationsOnline Appendix C: Math Essentials: Calculating Percentage Change, Slope, and ElasticityOnline Appendix D: Math Essentials: The Area under a Linear CurveOnline Appendix E: Using Indifference CurvesOnline Appendix F: Math Essentials: CompoundingGuide to Data Sources Glossary Index