In Survey of Economics, Rittenberg covers topics that provide students with the tools to understand the economic way of thinking in a shorter amount of time. Using applications from sports, politics, campus life, and current events, Rittenberg links theoretical principles and common experiences.
Author(s): Libby Rittenberg and Timothy Tregarthen
Edition: 2.0
Publisher: Flatworld
Year: 2017
Language: English
Pages: 548
Tags: Econ, Economics, Survey of Economics
Agreement
About the Authors
Acknowledgments
Preface
1. Economics: The Study of Choice
1.1. Start Up: Economics in the News
1.2. Defining Economics
1.3. The Field of Economics
1.4. The Economists’ Tool Kit
1.5. Review and Practice
2. Confronting Scarcity: Choices in Production
2.1. Start Up: An Attempt to Produce Safer Air Travel
2.2. Factors of Production
2.3. The Production Possibilities Curve
2.4. Applications of the Production Possibilities Model
2.5. Review and Practice
3. Demand and Supply
3.1. Start Up: Crazy for Coffee
3.2. Demand
3.3. Supply
3.4. Demand, Supply, and Equilibrium
3.5. Government Intervention in Market Prices: Price Floors and Price Cielings
3.6. Review and Practice
4. Elasticity: A Measure of Response
4.1. Start Up: Raise Fares? Lower Fares? What’s a Public Transit Manager To Do?
4.2. The Price Elasticity of Demand
4.3. Responsiveness of Demand to Other Factors
4.4. Price Elasticity of Supply
4.5. Review and Practice
5. Markets, Maximizers, and Efficiency
5.1. Start Up: A Drive in the Country
5.2. The Logic of Maximizing Behavior
5.3. Maximizing in the Marketplace
5.4. Market Failure
5.5. Review And Practice
6. Production, Cost, and Market Models
6.1. Start Up: Street Cleaning Around the World
6.2. Production Choices and Costs: The Short Run
6.3. Production Choices and Costs: The Long Run
6.4. An Overview of Models of Market Organization
6.5. Review and Practice
7. Competitive Markets for Goods and Services
7.1. Start Up: Life on the Farm
7.2. Perfect Competition: A Model
7.3. Output Determination in the Short Run
7.4. Perfect Competition in the Long Run
7.5. Review and Practice
8. Monopoly and Its Regulation
8.1. Start Up: Surrounded by Monopolies
8.2. The Nature of Monopoly
8.3. The Monopoly Model
8.4. Comparing Monopoly to Other Forms of Market Organization
8.5. Antitrust Laws and Their Interpretation
8.6. Review and Practice
9. Wages and Employment in Perfect Competition
9.1. Start Up: College Pays
9.2. The Demand for Labor
9.3. The Supply of Labor
9.4. Labor Markets at Work
9.5. Review and Practice
10. Inequality, Poverty, and Discrimination
10.1. Start Up: Occupy Wall Street and the World
10.2. Income Inequality
10.3. The Economics of Poverty
10.4. The Economics of Discrimination
10.5. Review and Practice
11. Macroeconomics: The Big Picture
11.1. Start Up: Economy Limps Along
11.2. Growth of Real GDP and Business Cycles
11.3. Price-Level Changes
11.4. Unemployment
11.5. Review and Practice
12. Measuring Total Output and Income
12.1. Start Up: The Lockup
12.2. Measuring Total Output
12.3. Measuring Total Income
12.4. GDP and Economic Well-Being
12.5. Review and Practice
13. Aggregate Demand and Aggregate Supply
13.1. Start Up: The Great Warning
13.2. Aggregate Demand
13.3. Aggregate Demand and Aggregate Supply: The Long Run and the Short Run
13.4. Recessionary and Inflationary Gaps and Long-Run Macroeconomic Equilibrium
13.5. Review and Practice
14. Economic Growth
14.1. Start Up: How Important Is Economic Growth?
14.2. The Significance of Economic Growth
14.3. Growth and the Long-Run Aggregate Supply Curve
14.4. Determinants of Economic Growth
14.5. Review and Practice
15. The Nature and Creation of Money
15.1. Start Up: How Many Macks Does It Cost?
15.2. What Is Money?
15.3. The Banking System and Money Creation
15.4. The Federal Reserve System
15.5. Review and Practice
16. Financial Markets, the Fed, and Monetary Policy
16.1. Start Up: The Fed's Extraordinary Challenges in 2008
16.2. The Bond and Foreign Exchange Markets
16.3. Demand, Supply, and Equilibrium in the Money Market
16.4. Monetary Policy in the United States
16.5. Problems and Controversies of Monetary Policy
16.6. Review and Practice
17. Government and Fiscal Policy
17.1. Start Up: A Massive Stimulus
17.2. Government and the Economy
17.3. The Use of Fiscal Policy to Stabilize the Economy
17.4. Issues in Fiscal Policy
17.5. Review and Practice
18. A Brief History of Macroeconomic Thought and Policy
18.1. Start Up: Three Revolutions in Macroeconomic Thought
18.2. The Great Depression and Keynesian Economics
18.3. Keynesian Economics in the 1960s and 1970s
18.4. Macroeconomics for the 21st Century
18.5. Review and Practice
19. Appendix A: Graphs in Economics
19.1. How to Construct and Interpret Graphs
19.2. Nonlinear Relationships and Graphs without Numbers
19.3. Using Graphs and Charts to Show Values of Variables
