Economics : Private and Public Choice.

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Bibliographic Details
Main Author: Gwartney, James D.
Other Authors: Stroup, Richard
Format: eBook
Language:English
Published: Burlington : Elsevier Science, 2014.
Edition:2nd ed.
Subjects:
Online Access:Click for online access

MARC

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245 1 0 |a Economics :  |b Private and Public Choice. 
250 |a 2nd ed. 
260 |a Burlington :  |b Elsevier Science,  |c 2014. 
300 |a 1 online resource (936 pages) 
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505 0 |a Front Cover; Economics: Private and Public Choice; Copyright Page; Table of Contents; MYTHS OF ECONOMICS; OUTSTANDING ECONOMISTS; PERSPECTIVES IN ECONOMICS; SUGGESTED OUTLINES FOR ONE-SEMESTER COURSES; PREFACE; ACKNOWLEDGMENTS; PART ONE: THE ECONOMIC WAY OF THINKING -- AN INTRODUCTION; CHAPTER 1. THE ECONOMIC APPROACH; WHAT IS ECONOMICS ABOUT?; THE ECONOMIC WAY OF THINKING; POSITIVE ECONOMICS; NORMATIVE ECONOMICS; PITFALLS OF POSITIVE ECONOMICS; WHAT DO ECONOMISTS DO?; CHAPTER 2. SOME TOOLS OF THE ECONOMIST; OPPORTUNITY COST IS THE HIGHEST VALUED OPPORTUNITY LOST. 
505 8 |a The production possibilities curvetrade tips and comparative advantage; three economizing decisions facing all nations: what, how, and for whom?; two methods of making decisions-the market and government planning; chapter 3. supply, demand, and the market process; scarcity necessitates rationing; consumer choice and the law of demand; producer choice and the law of supply; markets and the coordination of supply and demand; the communicating, coordinating, and motivating functions of the market; chapter 4. a bird's-eye view of the public sector; ideal economic efficiency. 
505 8 |a Why might the invisible hand fail?government-a potential vehicle for gain; the market and the public sector-two methods of economic organization; conflicts between good economics and good politics; chapter 5. taxes and government spending; what do federal, state, and local governments buy?; how big is government?; the growth of government; taxes to pay for a growing government; politics, tax incidence, and the structure of taxes; who pays the tax bill?; the taxes paid in other countries; taxes and politics-a final word; part two: macroeconomics; chapter 6. taking the nation's economic pulse. 
505 8 |a The concept of the gnpthe circular flow of expenditures and resource costs; two ways of measuring gnp; the expenditure approach; the resource cost-income approach; gross national product or gross national cost?; five problems with gnp as a measuring rod; what gnp does not measure; the great contribution of gnp; other related income measures; the real income-real output link; chapter 7. unemployment, inflation, and business cycles; micro- and macroeconomics; swings in the economic pendulum; three different views of the business cycle; employment fluctuations in a dynamic economy. 
505 8 |a What is full employment?a closer look at the employment statistics; the economics of inflation; the cost of inflation; the economic way of thinking-discussion questions; chapter 8. aggregate equilibrium and a simple keynesian model; tools of the modern keynesian analysis; saving, investment, and the circular flow analysis; keynes and the view of classical economists; the determinants of consumption; the determinants of investment; equilibrium and the keynesian model; leakages and injections-another way of looking at equilibrium; the major message of keynes. 
500 |a Chapter 9. the multiplier, the accelerator, and a keynesian view of the business cycle. 
500 |a Economics. 
650 0 |a Economics. 
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650 7 |a BUSINESS & ECONOMICS  |x Reference.  |2 bisacsh 
650 7 |a Economics  |2 fast 
700 1 |a Stroup, Richard. 
776 0 8 |i Print version:  |a Gwartney, James D.  |t Economics : Private and Public Choice.  |d Burlington : Elsevier Science, ©2014  |z 9780123110404 
856 4 0 |u https://ebookcentral.proquest.com/lib/holycrosscollege-ebooks/detail.action?docID=1876887  |y Click for online access 
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