13089cam a2200493 a 4500 ocm32312202 OSt 20240717075916.0 950329s1996 nyua b 001 0 eng 95013487 GB9657769 bnb 9780070468146 (alk. paper) 0071145044 (pbk.) 9780071145046 (pbk.) HEBIS 051145731 NZ1 1593250 YDXCP 41377 AU@ 000073429250 (OCoLC)32312202 (OCoLC)35209045 (OCoLC)318938423 (OCoLC)1021297909 (OCoLC)1027879452 (OCoLC)1110241647 (OCoLC)1198536006 DLC eng DLC MLX BTCTA YDXCP OCLCG UKM BAKER TULIB HDC OKH OCLCO GBVCP OCLCF OCLCQ I8M OCLCO OCLCQ OCLCA GILDS OCLCO CPO OCLCO PZS OCLCQ OCLCO OCLCQ OCLCO OCLCA DCHUA OCLCO OCLCL HB171.5 .M24 McConnell, Campbell R. Economics : principles, problems, and policies / Campbell R. McConnell, Stanley L. Brue. 13th ed. New York : McGraw-Hill, �1996. 1 volume (various pagings) : color illu ; 27 cm text txt rdacontent unmediated n rdamedia volume nc rdacarrier Includes bibliographical references and index. To the Student -- 1 The Nature And Method of Economics 1 -- The Age of the Economist -- Methodology -- Pitfalls to Objective Thinking -- The Economic Perspective -- Fast-Food Lines: An Economic Perspective -- Appendix to Chapter 1: Graphs and Their Meaning -- 2 The Economizing Problem 21 -- The Foundation of Economics -- Economics: Employment and Efficiency -- Unemployment, Growth, and the Future -- The "Isms" -- The Circular Flow Model -- The Diminishing Production Possibilities of Castro's Cuba -- 3 Understanding Individual Markets: Demand And Supply 39 -- Markets Defined -- Demand -- Supply -- Supply and Demand: Market Equilibrium -- Ticket Scalping: A Bum Rap? -- 4 Pure Capitalism And The Market System 58 -- Capitalist Ideology -- Other Characteristics -- The Competitive Market System -- The Five Fundamental Questions -- The Market System at Work -- Back to Barter -- 5 The Mixed Economy: Private And Public Sectors 74 -- Households as Income Receivers -- Households as Spenders -- The Business Population -- Legal Forms of Businesses -- Economic Functions of Government -- Legal and Social Framework -- Maintaining Competition -- Redistribution of Income -- Reallocation of Resources -- The Circular Flow Revisited -- Government Finance -- Federal Finance -- State and Local Finance -- The Financing of Corporate Activity -- 6 The United States In The Global Economy 96 -- Growth of World Trade -- Back to the Circular Flow -- Specialization and Comparative Advantage -- Foreign Exchange Market -- Government and Trade -- Multilateral Agreements and Free-Trade Zone -- Can American Firms Compete? -- Buy American: The Global Refrigerator -- Part 2 National Income, Employment, and Fiscal Policy -- 7 Measuring Domestic Output, National Income, And The Price Level 119 -- Macroeconomic Measurement -- Gross Domestic Product -- Expenditures Approach -- Income Approach -- Other Social Accounts -- Measuring the Price Level -- Nominal and Real GDP -- GDP and Social Welfare -- The CPI: Does It Overstate Inflation -- 8 Mactoeconomic Instability: Unemployment and Inflation 143 -- The Business Cycle -- Unemployment -- Inflation: Defined and Measured -- Redistributive Effects of Inflation -- Output Effects of Inflation -- The Stock Market and Macroeconomic Instability -- 9 Building the Aggregate Expenditures Model 166 -- Historical Backdrop -- Simplifications -- Tools of the Aggregate -- Expenditures Theory -- Consumption and Saving -- Investment -- Equilibrium GDP: Expenditures-Output Approach -- Equilibrium GDP: Leakages-Injections Approach -- Planned versus Actual Investment -- John Maynard Keynes (1883-1946) -- 10 Aggregate Expenditures: The Multiplier, Net Exports, and Government 191 -- Changes in Equilibrium GDP and the Multiplier -- International Trade and Equilibrium Output -- Adding the Public Sector -- Equilibrium versus Full-Employment GDP -- Historical Applications -- Critique and Preview -- Squaring the Economic Circle -- 11 Aggregate Demand and Aggregate Supply 213 -- Aggregate Demand -- Aggregate Supply -- Equilibrium: Real Output and the Price Level -- Changes in Equilibrium -- Why Is Unemployment in Europe So High? -- 12 Fiscal Policy 234 -- Legislative Mandates -- Discretionary Fiscal Policy -- Nondiscretionary Fiscal Policy: Built-in Stabilizers -- Problems, Criticisms, and Complications -- The Leading Indicators -- Part 3 Money, Banking, and Monetary Policy -- 13 Money and Banking 253 -- The Functions of Money -- The Supply of Money -- What "Backs" the Money Suppy? -- The Demand for Money -- The Money Market -- The United States Financial System -- Bank and Thrift Failures -- The Global Greenback -- 14 How Banks Create Money 276 -- The Balance Sheet of a Commercial Bank -- Prologue: The Goldsmiths -- A Single Commercial Bank -- The Banking System: Multiple-Deposit Expansion -- The Bank Panics of 1930-1933 -- 15 The Federal Reserve Banks and Monetary Policy 293 -- Goals of Monetary Policy -- Consolidated Balance Sheet of the Federal Reserve Banks -- Tools of Monetary Policy -- Monetary Policy, Real GDP, and the Price Level -- Effectiveness of Monetary Policy -- The "Big Picture" -- For the Fed, Life Is a Metaphor -- Part 4 Problems and Controversies in Macroeconomics -- 16 Alternative Views on Macro Theory and Policy 317 -- Classics and Keynes: AD-AS -- Interpretation -- Keynesians and Monetarism -- Rational Expectations Theory -- Absorption into the Mainstream -- "Real" Business Cycle Theory -- 17 The Inflation-Unemployment Relationship 338 -- The Phillips Curve -- Stagflation: A Shifting Phillips Curve? -- Natural Rate Hypothesis -- Aggregate Supply Revisited -- Demand-Pull and Cost-Push Inflation -- Employment and Training Policy -- Wage-Price (Incomes) Policies -- Supply-Side Economics -- Recap: Alternative Macroeconomic Perspectives -- Profit Sharing: Making Wages Flexible -- 18 Budget Deficits and the Public Debt 362 -- Deficits and Debt: Definitions -- Budget Philosophies -- The Public Debt: Facts and Figures -- Economic Implications: False Issues -- Implications and Issues -- Recent Federal Deficits -- Budget Deficits and Trade Deficits -- Cut Entitlements to Reduce the Deficit? -- 19 Economic Growth 379 -- Growth Economics -- Ingredients of Growth -- Graphical Analysis -- United States Growth -- Accounting for Growth -- The Productivity Slowdown -- Doomsday Models -- Growth Policies -- Is Growth Desirable? -- Part 5 Microeconomics of Product Markets -- 20 Demand and Supply: Elasticities And Applications 399 -- Price Elasticity of Demand -- Price Elasticity of Supply -- Applications: Legal Prices -- Market Forces and the Value of Education -- 21 Consumer Behavior And Utility Maximization 418 -- Two Explanations of the Law of Demand -- Theory of Consumer Behavior -- Marginal Utility and the Demand Curve -- Applications and Extentions -- The Inefficiency of Christmas Gift-Giving -- Appendix to Chapter 21: Indifference Curve Analysis -- 22 The Costs of Production 436 -- Economic Costs -- Short-Run Production Costs -- Production Costs in the Long Run -- Economies of Scale and Industrial Concentration -- 23 Price and Output Determination: Pure Competition 457 -- Four Market Models -- Pure Competition: Concept and Occurrence -- Demand to a Competitive Seller -- Profit Maximization in the Short Run: Two Approaches -- Profit Maximization in the Long Run -- Pure Competition and Efficiency -- "Creative Destruction" as a Competitive Force -- 24 Price and Output Determination: Pure Monopoly 484 -- Pure Monopoly: Introduction -- Barriers to Entry -- Monopoly Demand -- Output and Price Deterrmination -- Effects of Monopoly -- Price Discrimination -- Regulated Monopoly -- De Beers' Diamonds: Are Monopolies Forever? -- 25 Price and Output Determination: Monopolistic Competition 506 -- Monopolistic Competition: Concept and Occurrence -- Price and Output Determination -- Monopolistic Competition and Economic Inefficiency -- Nonprice Competition -- The Economics of Advertising -- Monopolistic competition and economic analysis -- The Market for Principles of Economics Textbooks -- 26 Price and Output Determination: Oligopoly 520 -- Oligopoly: Concept and Occurrence -- Oligopoly Behavior: A Game Theory Overview -- Four Oligopoly Models -- Nonprice Competition -- Oligopoly and Economic Efficiency -- Automobiles: A Case Study -- The Beer Industry: Oligopoly Brewing? -- Part 6 Microeconomics of Resource Markets -- 27 Production and the Demand for Resources 541 -- Significance of Resource Pricing -- Complexities of Resource Pricing -- Marginal Productivity Theory of Resource Demand -- Determinants of Resource Demand -- Elasticity of Resource Demand -- Optimal Combination of Resources -- Marginal Productivity Theory of Income Distribution -- Input Substitution: The Case of Cabooses -- 28 The Pricing And Employment of Resources: Wage Determination 558 -- Meaning of Wages -- General Level of Wages -- Wages in Particular Labor Markets -- Wage Differentials -- Pay and Performance -- Pay and Performance in Professional Baseball -- 29 The Pricing and Employment of Resources: Rent, Interest, and Profits 579 -- Economic Rent -- Interest -- Economic Profits -- Income Shares -- Determining the Price of Credit -- Part 7 Government and Current Economic Problems -- 30 Government and Market Failure: Public Goods, the Environment, and Information Problems 595 -- Public Goods: Extending the Analysis -- Externalities Revisited -- Pollution: A Closer Look -- Information Failures -- Used Cars: The Market for "Lemons" -- 31 Public Choice Theory and Texation 618 -- Revealing Preferences through Majority Voting -- Public Sector Failure -- Apportioning the Tax Burden -- Tax Incidence and Efficiency Loss -- Tax Reform -- The Issue of Freedom -- "Public Sector Failure" in the News -- 32 Antitrust, Regulation, and Industrial Policy 639 -- Industrial Concentration: Definitions -- Industrial Concentration: Beneficial or Harmful? -- The Antitrust Laws -- Antitrust: Issues and Impact -- Natural Monopolies and Their Regulation -- Deregulation -- Social Regulation -- Industrial Policy -- Deregulation of the Airlines -- 33 Agriculture: Economics and Policy 660 -- Economics of Agriculture -- Economics of Farm Policy -- Criticisms of Farm Policy -- The Politics of Farm Policy -- World Trade and Farm Policy -- Global View: Feast or Famine? -- The Sugar Program: A Sweet Deal -- 34 Income Inequality and Poverty 678 -- Income Inequality: Some Facts -- Two Adjustments -- Government and Redistribution -- Causes of Income Inequality -- Equality versus Efficiency -- The Dismal Economics of Poverty. Known for clarity, patience, balance and step-by-step presentations of difficult topics, "Economics" has defined excellence among textbooks and remains the best-selling Priciples of Economics Text. In this new edition, the authors have continued to consolidate material, keeping the text among the shortest available, while focusing on three primary areas of change: internationalization and thorough updating of the presentation; a comprehensive restructuring of macroecomonics; and the addition of new pedagogical features to help students get the most from every chapter. New coverage includes two new chapters: the United States in the global economy and health care economics. Many new "Last Word" mini-readings on topics such as Cuba's declining production possibilities, ticket scalping, the use of the dollar around the world, the DeBeer's diamond monopoly, physicians vs. economists on health care reform, and China as an emerging economic power have been added. In addition, the text will now feature new global perspective charts and tables in most chapters, comparing the US economy to other economies. -- From product description. Economics. Economics �Economie politique. economics. aat Economics. fast (OCoLC)fst00902116 Economics Brue, Stanley L., 1945- https://id.oclc.org/worldcat/entity/E39PBJh8R6BMtKq8wK63prX68C Online version: McConnell, Campbell R. Economics. 13th ed. New York : McGraw-Hill, �1996 (OCoLC)988902358 Table of contents http://www.gbv.de/dms/bowker/toc/9780070468146.pdf lcc BK 0 HELD BY GHUCC - 194 OTHER HOLDINGS 1160 1160 0 0 lcc 0 0 REF GAFC GAFC GEN 2024-07-17 0 HB171.5 .M24 2024-1868 2024-07-17 08:00:18 c.1 2024-07-17 BK