Principles of economics / by Karl E. Case, Ray C. Fair and Sharon M. Oster

Includes glossary, index and photo credits.

PART II: INTRODUCTON TO ECONOMICS -- The scope and method of economics -- The economic problem : scarcity and choice -- Demand, Supply and market equilibrium --Demand and supply applications -- Elasticity -- PART II : THE MARKET SYSTEM -- Household behavior and consumer choice -- The production process : the behavior of profit maximizing firms -- Short -run costs and output decisions -- Long -run costs and output decisions -- Input demand : the labour and land markets -- Input demand -- The capital market and the investment decision -- General equilibrium and the efficiency of perfect competition -- PART III : MARKET IMPERFECTIONS AND THE ROLE OF GOVERNMENT -- Monopoly and antitrustpolicy -- Oligopoly -- Monopolistic competition -- Externalities, public goods and common resources -- Uncertainty and asymmetric information -- Income distribution and poverty -- Public finance -- the economics of taxation -- PART IV : CONCEPTS AND PROBLEMS IN MACROECONOMICS -- Introduction to macroeconomics -- Measuring national output and national income -- Unemployment, inflation, and long run growth -- PART V : THE CORE OF MACROECONOMIC THEORY -- Aggregate expenditure and equilibrium output -- The government and fiscal policy -- Money, the federal reserve and the interest rate -- Policy effects and cost shocks in the AS/AD model -- The labor market in the macroeconomy -- PART IV : FURTHER MACROECONOMIC ISSUES -- Financial crises, stabilization and deficits -- Household and firm behavior in the macroeconomy : a further look -- Long-run growth -- Alternative views in macroeconomics -- PART VII : THE WORLD ECONOMY -- International trade,comparative advantage and protectionism -- Open economy macroeconomics : the balance of payments and exchange rates -- Economic growth in development economies -- PART VIII : METHODOLOGY -- Citical thinking about research