Format:
1 online resource (163 pages)
Edition:
1st ed.
ISBN:
9780367321208
,
9781000043730
Content:
Principles of Economics in a Nutshell provides a succinct overview of contemporary economic theory. This key text introduces economics as a social science, presenting the discipline as an evolving field shaped within historical context rather than a fixed set of ideas
Note:
Cover -- Half Title -- Epigraph -- Title Page -- Copyright Page -- Contents -- List of figures -- List of tables -- Preface -- Chapter 1 More than just the stock market: introduction to economics -- 1.1 Economics as a social science -- 1.2 On the scientific character of economics, ideology, and perspectives -- 1.3 Concept of economic system -- 1.4 Founders of modern economics -- 1.5 Alternative economic paradigms: feminist and ecological economics -- Chapter 2 Not in the Garden of Eden: scarcity and tradeoffs -- 2.1 Scarcity and inevitable trade-off among activities -- 2.2 Production Possibility Frontier (PPF) and opportunity cost -- 2.3 A special case of PPF: the budget constraint -- Chapter 3 Led by an invisible hand: the market -- 3.1 Markets: a general introduction -- 3.2 Market demand -- 3.3 Market supply -- 3.4 Price adjustment mechanism (market mechanism) -- 3.5 Government interventions: price floors and price ceilings -- 3.6 Market failures: public goods and externalities -- 3.7 Price elasticity of demand: sensitivity of the quantity demanded of a good to its own price -- 3.8 Income elasticity of demand -- Chapter 4 Inside the magic box: productivity, costs, and profit maximization -- 4.1 Introduction to the Neoclassical firm: production function -- 4.2 Short-run vs. long-run in production -- 4.3 Short-run profit maximization: concepts of economic and normal profits -- 4.4 A survey of market structures -- 4.5 Total revenues for the perfectly competitive firm -- 4.6 Building block of short-run cost analysis: marginal productivity of labor -- 4.7 Short-run cost functions -- 4.8 Profit maximization in perfect competition (short-run) -- 4.9 Profit maximization in monopoly -- Chapter 5 Understanding the wealth of nations: national income accounting -- 5.1 Circular flows and fundamental macroeconomic identities
,
5.2 Macroeconomic goals and national income accounting -- 5.3 Business cycles and trend -- 5.4 What else should count? Measuring time use -- Chapter 6 In the short-run we are alive: macroeconomic theory and policy: the goods market -- 6.1 Introduction to the Classical - or supply-side -theoretical framework -- 6.2 Classical framework - The Loanable Funds Model: determination of the interest rate in the real side of the economy -- 6.3 Macroeconomic policy in the Classical framework: goods market -- 6.4 Introduction to the Keynesian theoretical framework -- 6.5 The Keynesian Cross: determination of equilibrium income (or output) -- 6.6 Expenditure multipliers -- 6.7 Macroeconomic policy in the Keynesian framework: goods market -- Chapter 7 Money changes everything: macroeconomic theory and policy: the money market -- 7.1 What is money? -- 7.2 Money creation -- 7.3 Classical theory: the quantity identity (and theory) of money -- 7.4 The Central Bank and the interest rate: the Keynesian monetary system -- Chapter 8 The embedded economy -- 8.1 Introduction -- 8.2 Feminist economics -- 8.3 Ecological economics -- 8.4 Putting it together: the beginning of economic wisdom -- Index
Additional Edition:
Print version Garbo, Lorenzo Principles of Economics in a Nutshell Oxford : Taylor & Francis Group,c2020 ISBN 9780367321208
Language:
English
Keywords:
Electronic books
URL:
FULL
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