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With a goal of encouraging readers to become informed decision-makers, Introduction to Economic Reasoning, Seventh Edition, provides a non-technical, concise introduction to basic economic theories that is ideal for a short introduction to economics.
Introduction: Scarcity and the Economic System: The Study of Economics; Economic Systems. Microeconomics: Markets, Prices, and the Role of Competition: Demand and Supply: Price Determination in Competitive Markets; Applications using Demand and Supply; Costs and Decision Making; Price Taking: The Purely Competitive Firm; Price Searching: The Firm with Market Power; Industry Structure and Public Policy; Market Failure. Macroeconomics: The Economy as a Whole: Measuring Aggregate Performance; Aggregate Demand and Supply: The Model of the Self-Correcting Economy; Fiscal Policy; Money, Banking, and Monetary Policy; The Activist-Nonactivist Debate; Economic Growth: The Importance of the Long Run. International Economics: Trade, Exchange Rates, and the Role of Trade Agreements: International Trade.
For all readers interested in one-semester economics.
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Dr. William Rohlf is a Professor of Economics at Drury University. Dr. Rohlf was awarded his doctorate in 1972 from Kansas State University; a Masters from the Kansas State University in 1969; and a bachelors degree from Baker University, Baldwin City, Kansas, in 1967.
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