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Foundations of macroeconomics
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ISBN
9781292218335
1292218339
Shelf Location
HB172.5.B33 2019
Author
Bade, Robin
Title
Foundations of macroeconomics
Global ed., 8th ed.
Publisher
England : Pearson , c2019
Description
544 p. : col. ill. ; ; 26 cm.
Contents
Part 1 Introduction; Chapter 1 Getting Started; Chapter Checklist; 1.1 Definition and Questions; Scarcity; Economics Defined; What, How, and For Whom?; Can the Pursuit of Self-Interest Be In the Social Interest?; Checkpoint 1.1; 1.2 The Economic Way of Thinking; A Choice Is a Tradeoff; Cost: What You Must Give Up; Benefit: What You Gain; Rational Choice; How Much? Choosing at the Margin; Choices Respond to Incentives; Checkpoint 1.2; 1.3 Economics as a Life Skill. Economics as a Decision ToolEconomics as a Social Science; Economics as an Aid To Critical Thinking; Checkpoint 1.3; Chapter Summary; Chapter Checkpoint; Appendix: Making and Using Graphs; Basic Idea; Interpreting Data Graphs; Interpreting Graphs Used In Economic Models; The Slope of a Relationship; Relationships Among More Than Two Variables; Appendix Checkpoint; Eye on the Benefit and Cost of School; Did You Make the Right Decision?; Eye on Your Life; Your Time Allocation; Eye on the Past; Adam Smith and the Birth of Economics as a Social Science; Chapter 2 The U.S. and Global Economies. Chapter Checklist2.1 What, How, and for Whom?; What Do We Produce?; How Do We Produce?; For Whom Do We Produce?; Checkpoint 2.1; 2.2 The Global Economy; The People; The Economies; What In The Global Economy; How In The Global Economy; For Whom in the Global Economy; Checkpoint 2.2; 2.3 The Circular Flows; Households and Firms; Markets; Real Flows and Money Flows; Governments; Governments in the Circular Flow; Circular Flows In the Global Economy; Checkpoint 2.3; Chapter Summary; Chapter Checkpoint; Eye on the U.S. Economy; What We Produce; Eye on the Past; Changes in What We Produce. Eye on the U.S. EconomyChanges in How We Produce in the Information Economy; Eye on the Dreamliner; Who Makes The Dreamliner?; Eye on the Global Economy; Differences in How We Produce; Eye on your Life; The U.S. and Global Economies in Your Life; Eye on the Past; Growing Government; Eye on the Global Economy; The Ups and Downs in International Trade; Chapter 3 The Economic Problem; Chapter Checklist; 3.1 Production Possibilities; Production Possibilities Frontier; How the PPF Illustrates Scarcity and Its Consequences; Checkpoint 3.1; 3.2 Opportunity Cost; The Opportunity Cost of a Smartphone. Opportunity Cost and the Slope of the PPFOpportunity Cost Is a Ratio; Increasing Opportunity Costs are Everywhere; Your Increasing Opportunity Cost; Checkpoint 3.2; 3.3 Economic Growth; Checkpoint 3.3; 3.4 Specialization and Trade; Absolute Advantage and Comparative Advantage; Comparative Advantage: A Model; Achieving Gains from Trade; The Economy's Production Possibilities Frontier; Checkpoint 3.4; Chapter Summary; Chapter Checkpoint; Eye on Your Life; Your Production Possibilities Frontier; Eye on the Environment; Is Wind Power Free?; Eye on the U.S. Economy.
Subject
Macroeconomics
Other name(s)
Parkin, Michael
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Macroeconomics
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Authors:
Bade, Robin
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Parkin, Michael
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