Best Book to Read in 2020 – Principles of Economics | Twelfth Edition | By Pearson
Posted On February 25, 2021
Price: ₹ 701.00 (as of Feb 25,2021 17:18:11 UTC – Details)
Reviewers tell us that case/fair/Oster is one of the all-time bestselling principles of economics texts because they trust it to be clear, thorough and complete. Readers of Principles of Economics, twelfth edition, global edition, come away with a basic understanding of how market economies function, an appreciation for the things they do well and a sense of things they do poorly. With the latest research and added exercises, students begin to learn the art and science of economic thinking and start to look at some policy and even personal decisions in a different way. Features Spotlights Recent Research Shows the power and breadth of economic models Introduction of a competitive market model first, followed by non-competitive market structures gives students a clear understanding of basic economic theory and how market opportunities operate. Keynesian Cross material is integrated throughout the text Incorporation of international examples and applications includes discussion of. The many countries that contributed to creating the iPod (Chapter 1). How UPS is using technology to speed worldwide delivery (Chapter 7). How high speed trains in Europe benefit travellers, the environment and the economies of communities served (Chapter 10). The world’s distribution of income and how technology affects distribution (Chapter 33). The world economy (Chapters 35 and 36)
Table of Contents Part I. Introduction to Economics 1. The Scope and method of economics 2. The economic problem. Scarcity and Choice 3. Demand, Supply and Market Equilibrium 4. Demand and Supply Applications 5. Elasticity Part II. the Market System 6. Household Behaviour and Consumer Choice 7. The Production Process. the Behaviour of Profit-Maximizing Firms 8. Short-Run Costs and Output Decisions 9. Long-Run Costs and Output Decisions 10. Input Demand. the Labour and Land Markets 11. Input Demand. the Capital Market and the Investment Decision 12. General Equilibrium and the Efficiency of Perfect Competition Part III. Market Imperfections and the Role of Government 13. Monopoly and Antitrust Policy 14. Oligopoly 15. Monopolistic Competition 16. Externalities, Public Goods and Common Resources 17. Uncertainty and Asymmetric Information 18. Income Distribution and Poverty 19. Public Finance. the Economics of Taxation Part IV. Concepts and Problems in Macroeconomics 20. Introduction to Macroeconomics 21. Measuring National Output and National Income 22. Unemployment, Inflation and Long-Run Growth Part V. The Core of Macroeconomic Theory 23. Aggregate Expenditure and Equilibrium Output 24. The Government and Fiscal Policy 25. Money, the Federal Reserve and the Interest Rate 26. The Determination of Aggregate Output, the Price Level and the Interest Rate 27. Policy Effects and Cost Shocks in the AS/AD Model 28. The Labour Market in the Macro economy Part VI. Further Macroeconomics Issues 29. Financial Crises, Stabilization and Deficits 30. Household and Firm Behaviour in the Macro economy. A Further Look 31. Long-Run Growth 32. Alternative Views in Macroeconomics Part VII. the World Economy 33. International Trade, Comparative Advantage and Protectionism 34. Open-Economy Macroeconomics. The Balance of Payments and Exchange Rates 35. Economic Growth in Developing Economies Part VIII. Methodology 36. Critical Thinking about Research.