Synopsis
Appropriate for the one-term survey or introductory economics course for adult/continuing education programs, or for company in-service programs. 1. Economics in WhatUs Going On in the U.S. and World Economy? And Why? 2. What is Economics? An Introduction to the Basic Ideas 3. The Marginal Concept and Scientific Economic Analysis 4. How Society The Market Process and the Price Mechanism 5. Demand, Supply, and How the Pure Market System Works Part 2 PRINCIPLES OF MACROECONOMICS MONEY, SPENDING, OUTPUT, AND INCOME 6. The Circular Flow of Income and Spending 7. The Magic of What It Is and What It Does, and The American Banking System 8. How the Banking System Creates The Deposit Multiplier 9. How to Measure National Output and GDP and Price Indexes Part 3 PRINCIPLES OF MACROECONOMICS ANALYZING NATIONAL INCOME 10. National Income Analysis The Components of the Income-Spending Stream 11. National Income Analysis Savings and Investment, and Macroequilibrium 12. National Income Analysis Keynesian and Monetary Theories Part 4 MACRO PRINCIPLES AND INFLATION, UNEMPLOYMENT, AND THE STABILIZATION DILEMMA 13. Business The Income Multiplier and the Acceleration Principle 14. Monetary Policy, the Bond Market, and the Stabilizing Role of the Fed 15. Keynesian Fiscal Policy, the Automatic Stabilizers, and the National Debt 16. The Economic Stabilization Unemployment with Inflation 17. Exchange and the Market Comparative Advantage, Specialization, and Trade 18. Income Distribution, and the Input How Prices are Determined in the Factor Markets 19. Monopoly Power, Administered Prices, and Antitrust Policy 20. Real-World How Prices are Set for Outputs and Inputs, and How Buyers and Sellers Respond 21. The RBasic LawS of Real-World Administered Prices and the RReflex EffectS Part 6 MORE MODERN WORLD MICROECONOMIC PROBLEMS AND POLICIES, AND CHANGING ECONOMICS SYSTEMS 22. The Problems of Progress, Pollution, and Population 23. The Problems of Urbanization, Poverty, and Discrimination 24. Real-World Economic Economic Planning and the Market Process
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