Core Economics 1st Edition by Gerald Stone ISBN 0716799006 9780716799009

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ISBN 10: 0716799006 
ISBN 13: 9780716799009
Author: Gerald Stone

This is an introductory textbook focusing on the core topics of Economics. It is an innovative core text. It is accompanied by integrated unique supplements. It includes the usual textbook apparatus, including key terms and definitions. It also includes a set of innovative end-of-chapter questions and problems, many of which have been drawn from today’s headlines and the business press.

Core Economics 1st Table of contents:

• Economic Systems and Decision Making

  • Types of Economic Systems: Market, Command, and Mixed Economies
  • The Role of Government in the Economy
  • Decision Making: Households, Firms, and Governments
  • Central Planning vs. Market Coordination

• Supply and Demand

  • The Law of Demand
  • The Law of Supply
  • Market Equilibrium and the Price Mechanism
  • Elasticity: How Responsive Are Buyers and Sellers?

• Consumer Behavior and Utility Theory

  • Understanding Utility and Consumer Preferences
  • The Concept of Marginal Utility
  • Budget Constraints and Consumer Choices
  • Consumer Surplus and Welfare

• Production and Costs

  • The Theory of the Firm
  • Factors of Production: Land, Labor, and Capital
  • Production Functions and the Law of Diminishing Returns
  • Cost Structures: Fixed, Variable, and Total Costs

• Market Structures

  • Perfect Competition
  • Monopoly and Market Power
  • Monopolistic Competition
  • Oligopoly and Strategic Behavior

• Factor Markets and Income Distribution

  • The Labor Market: Supply and Demand for Labor
  • Capital and Land Markets
  • Wage Determination and Income Inequality
  • The Role of Unions and Labor Organizations

• Macroeconomics: An Overview

  • Introduction to Macroeconomics
  • Measuring Economic Performance: GDP and Beyond
  • Unemployment and Inflation
  • The Business Cycle and Economic Growth

• Fiscal Policy

  • Government Budget and Taxation
  • Public Spending and Deficits
  • The Role of Fiscal Policy in Stabilizing the Economy
  • Fiscal Policy and Economic Inequality

• Monetary Policy and the Banking System

  • The Role of Money in the Economy
  • Central Banks and Monetary Policy
  • Inflation Targeting and Interest Rates
  • The Banking System and Money Creation

• International Trade and Finance

  • The Benefits of International Trade
  • Trade Theories: Comparative Advantage and Absolute Advantage
  • Exchange Rates and International Financial Markets
  • Globalization and Trade Policy

• Economic Development

  • Theories of Economic Development
  • Poverty, Inequality, and Development Challenges
  • Role of Government and Institutions in Development
  • Sustainable Development and Environmental Economics

• Economic Policy and Current Issues

  • The Role of Economic Policy in Addressing Social Issues
  • The Economics of Climate Change
  • Healthcare Economics
  • Economics of Technology and Innovation

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