Economics affects everyone. Whether you’re studying the economy or simply want to know more, Principles of Economics is a great resource. Therefore, the textbook highlights a wealth of economic topics that are essential to understanding different financial structures and their functions. The first half of the book explains many of the basic concepts readers need to know. For example, it introduces economics as “the study of choice.” Then, it describes some of these choices in the following chapters.
These include supply and demand, production and cost, and analysis of consumers’ choices. It also includes choices in competition, which is a large part of economics. Finally, in the second half, the book gets more concrete about how economies impact the world. For instance, readers will learn about income inequality, unemployment, and government policies in economics.
Chapters 1-17 of Principles of Economics
1 – Economics | 2 – Confronting Scarcity | 3 – Demand and Supply | 4 – Applications of Demand and Supply | 5 – Elasticity | 6 – Markets, Maximizers, and Efficiency | 7 – The Analysis of Consumer Choice | 8 – Production and Cost | 9 – Competitive Markets for Goods and Services | 10 – Monopoly | 11 – The World of Imperfect Competition | 12 – Wages and Employment in Perfect Competition | 13 – Interest Rates and the Markets for Capital and Natural Resources | 14 – Imperfectly Competitive Markets for Factors of Production | 15 – Public Finance and Public Choice | 16 – Antitrust Policy and Business Regulation | 17 – International Trade
Chapters 18-34 of Principles of Economics
18 – The Economics of the Environment | 19 – Inequality, Poverty, and Discrimination | 20 – Macroeconomics | 21 – Measuring Total Output and Income | 22 – Aggregate Demand and Aggregate Supply | 23 – Economic Growth | 24 – The Nature and Creation of Money | 25 – Financial Markets and the Economy | 26 – Monetary Policy and the Fed | 27 – Government and Fiscal Policy | 28 – Consumption and the Aggregate Expenditures Model | 29 – Investment and Economic Activity | 30 – Net Exports and International Finance | 31 – Inflation and Unemployment | 32 – A Brief History of Macroeconomic Thought and Policy | 33 – Economic Development | 34 – Socialist Economies in Transition
The author of Principles of Economics was removed by request of the publisher.