Principles of Economics 2e covers the scope and sequence of most introductory economics courses. The text includes many current examples, which are handled in a politically equitable way. The outcome is a balanced approach to the theory and application of economics concepts. The second edition has been thoroughly revised to increase clarity, update data and current event impacts, and incorporate the feedback from many reviewers and adopters. Changes made in Principles of Economics 2e are described in the preface and the transition guide to help instructors transition to the second edition.
Author(s): Eric Dodge, Cynthia Gamez, Andres Jauregui, Diane Keenan, Craig Richardson, Ralph Sonenshine, Dan MacDonald, Amyaz Moledina
Edition: 2nd
Publisher: Openstax
Year: 2017
Language: English
Pages: 974
Chapter 1: Welcome to Economics!
Chapter 2: Choice in a World of Scarcity
Chapter 3: Demand and Supply
Chapter 4: Labor and Financial Markets
Chapter 5: Elasticity
Chapter 6: Consumer Choices
Chapter 7: Cost and Industry Structure
Chapter 8: Perfect Competition
Chapter 9: Monopoly
Chapter 10: Monopolistic Competition and Oligopoly
Chapter 11: Monopoly and Antitrust Policy
Chapter 12: Environmental Protection and Negative Externalities
Chapter 13: Positive Externalities and Public Goods
Chapter 14: Poverty and Economic Inequality
Chapter 15: Issues in Labor Markets: Unions, Discrimination, Immigration
Chapter 16: Information, Risk, and Insurance
Chapter 17: Financial Markets
Chapter 18: Public Economy
Chapter 19: The Macroeconomic Perspective
Chapter 20: Economic Growth
Chapter 21: Unemployment
Chapter 22: Inflation
Chapter 23: The International Trade and Capital Flows
Chapter 24: The Aggregate Supply-Aggregate Demand Model
Chapter 25: The Keynesian Perspective
Chapter 26: The Neoclassical Perspective
Chapter 27: Money and Banking
Chapter 28: Monetary Policy and Bank Regulation
Chapter 29: Exchange Rates and International Capital Flows
Chapter 30: Government Budgets and Fiscal Policy
Chapter 31: The Macroeconomic Impacts of Government Borrowing
Chapter 32: Macroeconomic Policy Around the World
Chapter 33: International Trade
Chapter 34: Globalization and Protectionism
Chapter 35: The Use of Mathematics in Principles of Economics
Chapter 36: Demand, Supply, and Efficiency
Chapter 37: Indifference Curves
Chapter 38: Present Discounted Value
Chapter 39: The Expenditure-Output Model
