Understanding economic equilibrium : making your way through an interdependent world / Thomas J. Cunningham and Mike Shaw.

Format:

Book

Author/Creator:

Cunningham, Thomas Johnson, 1958- author.

Shaw, Mike, author.

Series:

Economics and public policy collection. 2163-7628

Economics and public policy collection, 2163-7628

Language:

English

Subjects (All):

Equilibrium (Economics).

Economics.

Physical Description:

1 online resource (224 pages)

Edition:

First edition.

Place of Publication:

New York, New York : Business Expert Press, [2021]

System Details:

Mode of access: World Wide Web.

System requirements: Adobe Acrobat reader.

Summary:

Understanding Economic Equilibrium reveals how all markets fit together, and how we as individuals fit into that bigger picture. Economic agents all over the world are trying to maximize their returns given their efforts, resources, and opportunities. They come together in markets that ultimately allocate goods and services among many competing interests. We can readily see how individual markets behave; it's more difficult, but exponentially more important, to recognize the general equilibrium across all markets. Disturbances in one market have implications for others. These interrelationships are particularly important to understand when policy changes are being considered where actions in one market will impose changes on other markets, and not always in obvious or pleasant ways. Understanding Economic Equilibrium reveals how all markets fit together, and how we as individuals fit into that bigger picture.

Contents:

Cover

Half-Title

Title

Copyright

Description

Contents

Preface

Acknowledgement

Part I: The Equilibrium Principle:A Natural Dynamic State

Chapter 1: What Happens There Matters Here

Chapter 2: It's the Global Economy

Chapter 3: Politics and the Economy

Part II: GDP and Consumption

Chapter 4: GDP: The Perfectly Imperfect Measurement

Chapter 5: Consumers and Consumption: Follow the Money

Chapter 6: Shifting Sands: Consumers Prefer Services

Chapter 7: Great Expectations

Chapter 8: Saving and Investing: Equilibrium at Work

Chapter 9: Real Estate: Is It Still Location, Location, Location?

Chapter 10: Lighten Up: Capital Expenditure and Intellectual Property

Chapter 11: Inventories: The Buffer Between Production and Consumption

Chapter 12: State and Local Governments: Where Spending Gets Done

Chapter 13: Stabilization and Procyclicality: How Governments Balance Spending With Taxes

Chapter 14: Federal Spending: Budgets and Deficit Spending

Chapter 15: Jimmy Stewart, Oz, and the Road to a Federal Reserve

Chapter 16: The Stop Sign (or Toll Booth) at the Border: Trade and Tariffs

Chapter 17: The Compensation Principle: Should We Pay the Losers?

Chapter 18: Domestic Imbalance: A Role for Trade Balances

Chapter 19: As the World Turns

Part III: The Economy and You

Chapter 20: COVID-19: How the Pandemic Changed Business

Chapter 21: Climate Change: "Is It Hot in Here or Is It Me?" (Joan of Arc)

Chapter 22: Health Care Costs: A Steady Climb

Chapter 23: First Fridays: Monthly Job Reports

Chapter 24: A Shrinking Workforce: Jobs and Work in the Twenty-First Century

Chapter 25: Wages: Minimum and More

Chapter 26: Measuring Prices: How Much Is a Dollar?

Chapter 27: Productivity and Wages: What We Make for What We Earn.

Chapter 28: Money Illusion: The Distinction Between Income and Buying Power

Chapter 29: Baumol Cost Disease: The Relationship Between Wages and Productivity

Chapter 30: Exchange Rates and Purchasing Power

Chapter 31: The Fed's Job: A Stable Economy

Chapter 32: What the Financial Markets Reveal

Chapter 33: The Yield Curve: What Is It Saying?

Chapter 34: The Dollar Versus Everything Else

Chapter 35: Buy Low, Sell High: Efficient Markets

Chapter 36: An Expert Wife's Advice

Epilogue

Glossary of Terms

About the Authors

Index

Adpage

Backcover.

Notes:

Includes index.

Description based on print version record.

ISBN:

9781637420393

1637420390

OCLC:

1249470987