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- Preface xv
A Special Note to Students xxv
Part one An Introduction to Economics
Economics: The Study of Choice
Getting Started: A Quick Look at Economics 1 (1)
Economics: An Introduction 1 (3)
The Scope of Economics: A Day in the Life 1 (2)
of the Nation
Scarcity, Choice, and Cost 3 (1)
Case in Point: Searching for Grizzlies 4 (2)
The Field of Economics 6 (4)
The Economic Way of Thinking 6 (2)
Microeconomics and Macroeconomics 8 (1)
Putting Economics to Work 8 (2)
Case in Point: Three Economicsts: In 10 (1)
Business, in Government, and in Academe
Economics and the Scientific Method 11 (3)
Models in Economics 12 (1)
Testing Hypotheses in Economics 12 (2)
Case in Point: Smoking, Health, and Murder 14 (6)
Appendix 1 Graphs in Economics
How to Construct and Interpret Graphs 20 (7)
Drawing a Graph 20 (2)
The Slope of a Curve 22 (1)
A Graph Showing a Negative Relationship 23 (1)
Shifting a Curve 24 (1)
Rotating a Curve 25 (2)
Nonlinear Relationships and Graphs Without 27 (4)
Numbers
Graphs of Nonlinear Relationships 27 (2)
Graphs Without Numbers 29 (2)
Using Graphs and Charts to Show Values of 31 (7)
Variables
Time-Series Graphs 31 (2)
Descriptive Charts 33 (5)
Confronting Scarcity: Choices in Production
Getting Started: An Army Base Becomes a 38 (1)
College Campus
Factors of Production 38 (3)
Labor 39 (1)
Capital 39 (1)
Natural Resources 40 (1)
Technology and the Entrepreneur 40 (1)
Case in Point: Technology Cuts Costs, 41 (1)
Boosts Productivity and Profits
The Production Possibilities Curve 42 (6)
Constructing a Production Possibilities 42 (2)
Curve
Comparative Advantage and the Production 44 (1)
Possibilities Curve
The Law of Increasing Opportunity Cost 45 (1)
Movements Along the Production 45 (1)
Possibilities Curve
Producing On Versus Producing Inside the 46 (2)
Production Possibilities Curve
Specialization 48 (1)
Case in Point: The Cost of the Great 48 (1)
Depression
Applications of the Production 49 (2)
Possibilities Model
Comparative Advantage and International 49 (2)
Trade
Economic Growth 51 (2)
Arenas for Choice: A Comparison of 53 (2)
Economic Systems
Government in a Market Economy 55
Case in Point: The Expansion of Free Trade 51 (9)
Demand and Supply
Getting Started: Crazy for Coffee 60 (1)
Demand 60 (5)
Price and the Demand Curve 61 (1)
Changes in Demand 62 (3)
Case in Point: The Oprah Effect 65 (2)
Supply 67 (4)
Price and the Supply Curve 67 (1)
Changes in Supply 68 (3)
Case in Point: The Monks of St. Benedicts's 71 (1)
Get Out of the Egg Business
Demand, Supply, and Equilibrium 72 (5)
The Determination of Price and Output 72 (2)
Shifts in Demand and Supply 74 (4)
An Overview of Demand and Supply: The 78
Circular Flow Model
Case in Point: El Nino Means More Work for 77 (7)
Roofers
Applications of Demand and Supply
Getting Started: A Composer Logs On 84 (1)
Putting Demand and Supply to Work 85 (4)
The Personal Computer Market 85 (1)
The Stock Market 86 (3)
Case in Point: Internet Stock Prices Soar 89 (1)
on News of Falling Personal Computer Prices
Government Intervention in Market Prices: 89 (2)
Price Floors and Price Ceilings
Agricultural Price Floors 90 (2)
Rental Price Ceilings 92
Case in Point: Dairy Floor Milked 91 (3)
Customers, Boosted Producers: Where Will It
End?
The Market for Health-Care Services 94 (3)
The Demand and Supply of Health Care 95 (2)
The Health-Care Spending Dilemma 97 (1)
Case in Point: The Oregon Plan 97 (6)
Part two Basic Tools of Microeconomics
Elasticity: A Measure of Response
Getting Started: Raise Fares? Lower Fares? 103 (1)
What's Public Transit Manager to Do?
The Price Elasticity of Demand 103 (6)
Computing the Price Elasticity of Demand 104 (1)
Price Elasticities Along A Linear Demand 105 (1)
Curve
The Price Elasticity of Demand and 106 (3)
Changes in Total Revenue
Constant Elasticity Demand Curves 109 (2)
Determinants of the Price Elasticity of 111
Demand
Case in Point: Bad Weather Boosts Farm 109 (3)
Revenue; Good Weather Lowers It
Case in Point: Elasticity and the Drug War 112 (1)
Responsiveness of Demand to Other Factors 113 (3)
Income Elasticity of Demand 113 (1)
Cross Price Elasticity of Demand 114 (2)
Case in Point: Cigarette Taxes and Teen 116 (1)
Smoking
Price Elasticity of Supply 116 (8)
Time: An Important Determinant of the 117 (1)
Elasticity of Supply
Elasticity of Labor Supply: A Special 118 (6)
Application
Markets, Maximizers, and Efficiency
Getting Started: A Drive in the Country 124 (1)
The Logic of Maximizing Behavior 124 (6)
The Analysis of Maximizing Behavior 125 (5)
Case in Point: Preventing Oil Spills 130 (2)
Maximizing in the Marketplace 132 (1)
Achieving Efficiency 132 (2)
Producer and Consumer Surplus 134 (2)
Efficiency and Equity 136
Case in Point: Saving the Elephant Through 133 (4)
Exchange
Market Failure 137 (3)
Noncompetitive Markets 137 (1)
Public Goods 137 (1)
External Costs and Benefits 138 (2)
Common Property Resources 140 (1)
Case in Point: Externalities, Cigarettes, 140 (5)
and Alcohol
The Analysis of Consumer Choice
Getting Started: A Day at the Grocery Store 145 (1)
The Concept of Utility 145 (2)
Total Utility 146 (1)
Marginal Utility 146 (2)
Maximizing Utility 148
Case in Point: Channel Zapping 147 (4)
Utility Maximization and Demand 151 (3)
Deriving an Individual's Demand Curve 151 (1)
From Individual to Market Demand 151 (1)
Substitution and Income Effects 152 (2)
Normal and Inferior Goods 154 (1)
Case in Point: Found! An Upward-Sloping 154 (2)
Demand Curve (For Rats Only)
Indifference Curve Analysis: An Alternative 156 (4)
Approach to Understanding Consumer Choice
The Budget Line 157 (1)
Indifference Curves 158 (1)
The Utility-Maximizing Solution 159 (1)
Utility Maximization and the Marginal 160 (1)
Decision Rule
Utility Maximization and Demand 162
Case in Point: Preferences Prevail in 161 (6)
P.O.W. Camps
Production and Cost
Getting Started: Street Cleaning Around the 167 (1)
World
Production Choices and Costs: The Short Run 167 (4)
The Short-Run Production Function 168 (4)
Costs in the Short Run 172
Case in Point: The Production of Fitness 171 (5)
Production Choices and Costs: The Long Run 176 (3)
Choosing the Factor Mix 176 (2)
Costs in the Long Run 178 (1)
Case in Point: The Maquiladoras 179 (1)
Case in Point: Wal-Mart: Taking Advantage 180 (5)
of Small Markets and Economies of Scale
Part Three Market Structures
Competitive Markets for Goods and Services
Getting Started: Life on the Farm 185 (1)
Perfect Competition: A Model 185 (3)
Assumptions of the Model 186 (1)
Perfect Competition and the Real World 187 (1)
Case in Point: A Price Taker's Lament 188 (1)
Output Determination in the Short Run 188 (7)
Price and Revenue 189 (2)
Economic Profit in the Short Run 191 (1)
Applying the Marginal Decision Rule 192 (1)
Economic Losses in the Short Run 192 (3)
Marginal Cost and Supply 195 (1)
Case in Point: Kitty Litter Reopens a 195 (2)
Bentonite Plant
Perfect Competition in the Long Run 197 (5)
Economic Profit and Economic Loss 197 (3)
Changes in Demand and in Production Cost 200 (2)
Case in Point: Easy Entry and Videocassette 202 (5)
Rentals
Monopoly
Getting Started: Surrounded by Monopolies 207 (1)
The Nature of Monopoly 207 (3)
Sources of Monopoly 208 (1)
The Fragility of Monopoly Power 209 (1)
Case in Point: The Stirrup and the Rise and 210 (1)
Fall of the Roman Empire
The Monopoly Model 211 (6)
Monopoly and Market Demand 211 (1)
Total Revenue and Elasticity 212 (1)
Demand and Marginal Revenue 213 (2)
Monopoly Equilibrium: Applying the 215 (2)
Marginal Decision Rule
Case in Point: Profit-Maximizing Hockey 217 (1)
Teams
Assessing Monopoly 217 (4)
Efficiency, Equity, and Concentration of 217 (4)
Power
Case in Point: Breakin' Up Is Hard To Do 221 (3)
The World of Imperfect Competition
Getting Started: Between Idealized Extremes 224 (1)
Monopolistic Competition: Competition Among 224 (4)
Many
Profit Maximization 225 (1)
Excess Capacity: The Price of Variety 226 (2)
Oligopoly: Competition Among the Few 228 (3)
Measuring Concentration in Oligopoly 228 (1)
The Collusion Model 229 (1)
Game Theory and Oligopoly Behavior 230 (1)
Case in Point: The Matzo Fix 231 (3)
Extensions of Imperfect Competition: 234 (3)
Advertising and Price Discrimination
Advertising 235 (1)
Price Discrimination 236 (1)
Case in Point: The Ban on Cigarette 237 (6)
Advertising
Part four Factor Markets
Wages and Employment in Perfect Competition
Getting Started: College Pays 243 (1)
The Demand for Labor 244 (5)
Marginal Revenue Product and Marginal 245 (2)
Factor Cost
Shifts in Labor Demand 247 (2)
Case in Point: Where Have All the Tellers 249 (1)
Gone?
The Supply of Labor 250 (3)
Income and Substitution Effects 251 (1)
Wage Changes and the Slope of the Supply 252 (1)
Curve
Shifts in Labor Supply 253 (1)
Case in Point: Celebrities Supply 253 (2)
Check-Cashing Effort
Labor Markets at Work 255 (4)
Changes in Demand and Supply 256 (1)
Competitive Labor Markets and the Minimum 257 (2)
Wage
Case in Point: Technology, Capital, and the 259 (4)
Wage Gap
Interest Rates and the Markets for Capital
and Natural Resources
Getting Started: Building the ``Internet in 263 (1)
the Sky''
Time and Interest Rates 263 (4)
The Nature of Interest Rates 264 (1)
Interest Rates and Present Value 264 (3)
Case in Point: Waiting, AIDS, and Life 267 (1)
Insurance
Interest Rates and Capital 267 (3)
The Demand for Capital 267 (4)
The Market for Loanable Funds 271 (2)
Capital and the Loanable Funds Market 273
Case in Point: The Net Present Value of an 270 (5)
MBA
Natural Resources and Conservation 275 (2)
Exhaustible Natural Resources 275 (3)
Renewable Natural Resources 278
Case in Point: The Doomsday Bet 277 (7)
Imperfectly Competitive Markets for Factors
of Production
Getting Started: Not Playing Ball 284 (1)
Price-Setting Buyers: The Case of Monopsony 284 (4)
Monopsony Equilibrium and the Marginal 285 (1)
Decision Rule
Monopoly and Monopsony: A Comparison 286 (1)
Monopsony in the Real World 286 (4)
Monopsony and the Minimum Wage 290
Case in Point: Salaries of Baseball Players 288 (3)
Surge as Monopsony Ends
Price Setters on the Supply Side 291 (3)
Monopoly Suppliers 291 (1)
Unions
기본정보
ISBN | 9781572594180 ( 1572594187 ) |
---|---|
발행(출시)일자 | 1999년 12월 23일 |
쪽수 | 준비중 |
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