1 option
Economic literacy : basic economics with an attitude / Frederick S. Weaver.
Lippincott Library HB171.5 .W3 2002
Available
- Format:
- Book
- Author/Creator:
- Weaver, Frederick Stirton, 1939-
- Language:
- English
- Subjects (All):
- Economics.
- Physical Description:
- xii, 244 pages : illustrations ; 24 cm
- Place of Publication:
- Lanham, MD : Rowman & Littlefield, [2002]
- Summary:
- With wit and verve, this book explains the logic, language, and worldview of economic theory and engagingly describes the organization and performance of the U.S. economy. Its combination of theory and description is essential for understanding debates about current affairs, penetrating the literature of economics, and reflecting on the usefulness and limits of economic analysis. A capstone chapter on the international economy puts Bretton Woods in contemporary context. Visit our website for sample chapters!
- Contents:
- I Microeconomics and the Theory of Markets
- 1 Demand and Supply 13
- Income and Wealth 15
- Prices of Other Goods 15
- Tastes 16
- Expectations 16
- Supply 17
- Prices of Inputs 18
- Technology 18
- Expectations 18
- Market Equilibrium 23
- Elasticity 35
- Sales Taxes 45
- 2 The Theory of the Firm, Market Structures, Factor Markets, and the Distribution of Income 49
- Perfect Competition 53
- Market Failure 58
- Monopoly 61
- Price Discrimination 62
- Monopolistic Competition 64
- Oligopoly 66
- The End of Oligopoly? 70
- Deregulation 71
- The Theory of Factor Pricing 73
- The Distribution of Income 81
- II Macroeconomics
- 3 The Economy as a Whole: Definitions and Analyses 103
- Why Macroeconomics? 104
- How Gross Is the Gross Domestic Product? 107
- Effective Demand 116
- Households and Consumption 117
- The Business Sector and Investment 120
- The Public Sector 126
- 4 Fiscal Policy, Monetary Policy, Recession, and Inflation 139
- Fiscal Policy: Taxing and Spending 139
- Money Is as Money Does 145
- Financial Markets, the Federal Reserve System, and Monetary Policy 147
- Monetary Policy 148
- Business Cycles, Inflation, and Unemployment 154
- Up, Up, Up,... 156
- Down, Down, Down,... 162
- Additional Aspects of Stabilization Policy 166
- Doubts about Inflation-Unemployment Trade-Off 169
- Implications of Greater International Integration 171
- III International Economics and National Economies
- 5 International Economics and Comparative Advantage 177
- The Idea of Comparative Advantage 178
- Exchange Rates and Adjustment Mechanisms 180
- Gold Standard 184
- Flexible Exchange Rates 186
- International Investment and the Balance of Payments 189
- Government Policy and the International Economy: Tariffs, Quotas, and Exchange Rates 193
- Free Trade Determining Public Policy 197
- 6 The International Economy: The Rise and Fall of Bretton Woods 201
- The Dollar Exchange Standard, 1944-1971 203
- Transnational Corporations 209
- The Transformation of the International Economy 211
- The End of the Bretton Woods Payments System 211
- The Beginning of a New International Economy 214
- The New International Economy 216
- A Final Note on the Place of the United States in the Global Economy 226
- Appendix Input-Output Economics 231.
- Notes:
- Includes bibliographical references and index.
- ISBN:
- 0742516660
- 0742516679
- OCLC:
- 47973359
The Penn Libraries is committed to describing library materials using current, accurate, and responsible language. If you discover outdated or inaccurate language, please fill out this feedback form to report it and suggest alternative language.