Arthur O'Sullivan, Steven M. Sheffrin, Stephen J. Perez
8th ed
Boston :
Pearson,
c2014
xxiv, 432 p. :
col. ill. ;
28 cm
Includes bibliographical references and index
Introduction: what is economics? -- The key principles of economics -- Exchange and markets -- Demand, supply and market equilibrium -- Measuring a nation's production and income -- Unemployment and inflation -- The economy at full employment -- Why do economies grow? -- Aggregate demand and aggregate supply -- Fiscal policy -- The income-expenditure model -- Investment and financial markets -- Money and the banking system -- The federal reserve and monetary policy -- Modern macroeconomics: from the short run to the long run -- The dynamics of inflation and unemployment -- Macroeconomic policy debates -- International trade and public policy -- The world of international finance
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"Students come into their first Economics course thinking they will gain a better understanding of the economy around them. Unfortunately, they often leave with many unanswered questions. To ensure students actively internalize economics, O'Sullivan/Sheffrin/Perez use chapter-opening questions to spark interest on important economic concepts, applications that vividly illustrate those concepts, and chapter-ending tools that test and solidify understanding." --