000 33370cam a2207525 i 4500
001 160448
008 150410s20152015at a 001 0 eng
020 _a1285165950
_q(paperback)
020 _a9781285165950
_q(paperback)
040 _aDLC
_beng
_cDLC
_erda
_dDLC
041 0 _aeng
049 _aTR-IsMEF
050 0 0 _aHB171.5
_b.M263 2015
100 1 _aMankiw, N. Gregory,
_eauthor.
245 1 0 _aEssentials of Economics /
_cN. Gregory Mankiw.
250 _aSeventh Edition.
264 1 _aAustralia ;
_aStamford, CT :
_bCENGAGE Learning,
_c[2015].
300 _axxiv, 566 pages :
_billustrations ;
_c27 cm
336 _atext
_btxt
_2rdacontent
337 _aunmediated
_bn
_2rdamedia
338 _avolume
_bnc
_2rdacarrier
500 _aIncludes index.
650 0 _aEconomics.
900 _aMEF Üniversitesi Kütüphane katalog kayıtları RDA standartlarına uygun olarak üretilmektedir / MEF University Library Catalogue Records are Produced Compatible by RDA Rules
910 _aPandora
942 _2lcc
_cBKS
_04
970 0 1 _aPreface to the student,
_pvii.
970 0 1 _aAcknowledgments,
_pix.
970 1 2 _tIntroduction,
_p1.
970 1 1 _tTen principles of economics,
_p3.
970 1 1 _tHow people make decisions,
_p4.
970 1 1 _tPrincple 1: people face trade-offs,
_p4.
970 1 1 _tPrinciple 2: the cost of something is what you give up to get it,
_p5.
970 1 1 _tPrinciple 3: rational people think at the margin,
_p6.
970 1 1 _tPrinciple 4: people respond to incentives,
_p7.
970 1 1 _tThe incentive effects of gasoline prices,
_p8.
970 1 1 _tHow people interact,
_p9.
970 1 1 _tPrinciple 5: trade can make everyone better off,
_p9.
970 1 1 _tPrinciple 6: markets are usually a good way to organize economic activity,
_p10.
970 1 1 _tPrinciple 7: governments can sometimes improve market outcomes,
_p11.
970 1 1 _tAdam smith and the invisible hand,
_p11.
970 1 1 _tHow the economy as a whole works,
_p13.
970 1 1 _tPrinciple 8: a country's standard of living depends on its ability to produce goods and services,
_p13.
970 1 1 _tPrinciple 9: prices rise when the government prints too much money,
_p13.
970 1 1 _tWhy you should study economics,
_p14.
970 1 1 _tPrinciple 10: society faces a short-run trade-off between inflation and unemployment,
_p15.
970 0 1 _a1-4 conclusion,
_p16.
970 0 1 _aSummary,
_p16.
970 0 1 _aKey concepts,
_p17.
970 0 1 _aQuestions for review,
_p17.
970 0 1 _aQuick check multiple choice,
_p17.
970 0 1 _aProblems and applications,
_p18.
970 1 2 _tThinking line an economist,
_p19.
970 1 1 _tThe economist as scientist,
_p20.
970 1 1 _tThe scientific method: observation, theory and more observation,
_p20.
970 1 1 _tThe role of assumptions,
_p21.
970 1 1 _tEconomic models,
_p22.
970 1 1 _tOur first model: the circular-flow diagram,
_p22.
970 1 1 _tOur second model: the production possibilities frontier,
_p24.
970 1 1 _tIf microeconomics and macroeconomics,
_p27.
970 1 1 _tThe economist as policy adviser,
_p27.
970 1 1 _tPositive versus normative analysis,
_p28.
970 1 1 _tEconomists in Washington,
_p28.
970 1 1 _tWhy economists disagree,
_p30.
970 1 1 _tDifferences in scientific judgements,
_p30.
970 1 1 _tDifferences in values,
_p31.
970 1 1 _tPerception versus reality,
_p31.
970 1 1 _tActual economists and virtual realities,
_p33.
970 0 1 _a2-4 let's get going,
_p34.
970 0 1 _aSummary,
_p34.
970 0 1 _aKey concepts,
_p34.
970 0 1 _aQuestions for review,
_p35.
970 0 1 _aQuick check multiple choice,
_p35.
970 0 1 _aProblems and applications,
_p35.
970 0 1 _aAppendix graphing: a brief review,
_p37.
970 1 1 _tGraphs of a single variable,
_p37.
970 1 1 _tGraphs of two variables: the coordinate system,
_p38.
970 1 1 _tCurves in the coordinate system,
_p39.
970 1 1 _tSlope,
_p41.
970 1 1 _tCause and effect,
_p43.
970 1 2 _tInterpendence and the gains from trade,
_p47.
970 1 1 _tA parable for the modern economy,
_p48.
970 1 1 _tProduction possibilities,
_p48.
970 1 1 _tSpecialization and trade,
_p50.
970 1 1 _tComparative advantage: the driving force of specialization,
_p52.
970 1 1 _tComparative advantage and trade,
_p53.
970 1 1 _tThe price of the trade,
_p54.
970 1 1 _tThe legacy of Adam Smith and David Ricardo,
_p55.
970 1 1 _tApplication of comparative advantage,
_p55.
970 1 1 _tShould Tom Brady mow his own lawn?,
_p55.
970 1 1 _tEconomics within a marriage,
_p56.
970 1 1 _tShould the United States trade with other countries?,
_p57.
970 0 1 _a3-4 conclusion,
_p58.
970 0 1 _aSummary,
_p59.
970 0 1 _aKey concepts,
_p59.
970 0 1 _aQuestions for review,
_p59.
970 0 1 _aQuick check multiple choice,
_p59.
970 0 1 _aProblems and applications,
_p60.
970 1 2 _tHow markets work,
_p63.
970 1 2 _tThe market forces of supply and demand,
_p65.
970 1 1 _tMarkets and competition,
_p66.
970 1 1 _tWhat is a market?,
_p66.
970 1 1 _tWhat is competition?,
_p66.
970 1 1 _tDemand,
_p67.
970 1 1 _tThe demand curve: the relationship between price and quantity demanded,
_p67.
970 1 1 _tMarket demand versus individual demand,
_p68.
970 1 1 _tShifts in the demand curve,
_p69.
970 1 1 _tTwo ways to reduce the quantity of smoking demanded,
_p71.
970 1 1 _tSupply,
_p73.
970 1 1 _tThe supply curve-the relationship between price and quantity supplied,
_p73.
970 1 1 _tMarket supply versus individual supply,
_p74.
970 1 1 _tShifts in the supply curve,
_p75.
970 1 1 _tSupply and demand together,
_p77.
970 1 1 _tEquilibrium,
_p77.
970 1 1 _tThree steps to analyzing changes in equilibrium,
_p79.
970 1 1 _tConclusion: how prices alicote resources,
_p83.
970 1 1 _tPrice increase after disasters,
_p84.
970 0 1 _aSummary,
_p84.
970 0 1 _aKey concepts,
_p86.
970 0 1 _aQuestions for review,
_p86.
970 0 1 _aQuick check multiple choice,
_p86.
970 0 1 _aProblems and applications,
_p87.
970 1 2 _tElasticity and its application,
_p89.
970 1 1 _tThe elasticity of demand,
_p90.
970 1 1 _tThe price elasticity of demand and its determinants,
_p90.
970 1 1 _tComputing the price elasticity of demand,
_p91.
970 1 1 _tThe midpoint method: a better way to calculate percentage changes and elasticities,
_p91.
970 1 1 _tThe variety of demand curves,
_p92.
970 1 1 _tTotal revenue and the price elasticity of demand,
_p94.
970 1 1 _tA few elasticities from the real world,
_p94.
970 1 1 _tElasticity and total revenue along a linear demand curve,
_p96.
970 1 1 _tOther demand elasticities,
_p97.
970 1 1 _tThe elasticity of supply,
_p98.
970 1 1 _tThe price elasticity of supply and its determinants,
_p98.
970 1 1 _tComputing the price elasticity of supply,
_p99.
970 1 1 _tThe variety of supply curves,
_p99.
970 1 1 _tThree applications of supply, demand and elasticity,
_p101.
970 1 1 _tCan good news for farming be bad new for farmers?,
_p102.
970 1 1 _tWhy did OPEC Fail to keep the price of oil high?,
_p104.
970 1 1 _tDoes drug interdiction or decrease drug-related crime?,
_p105.
970 0 1 _a5-4 conclusion,
_p107.
970 0 1 _aSummary,
_p107.
970 0 1 _aKey concepts,
_p108.
970 0 1 _aQuestions for review,
_p108.
970 0 1 _aQuick check multiple choice,
_p108.
970 0 1 _aProblems and applications,
_p109.
970 1 2 _tSupply, demand and government policies,
_p111.
970 1 1 _tControls on prices,
_p112.
970 1 1 _tHow price cellings affect market outcomes,
_p112.
970 1 1 _tLines at the gas pump,
_p114.
970 1 1 _tRent control in the short run and the long run,
_p115.
970 1 1 _tHow price floors affect market outcomes,
_p116.
970 1 1 _tThe minimum wage,
_p117.
970 1 1 _tEvaluting price controls,
_p119.
970 1 1 _tVenezuela versus the market,
_p120.
970 1 1 _tTaxes,
_p121.
970 1 1 _tHow taxes on sellers affect market outcomes,
_p122.
970 1 1 _tHow taxes on buyers affect market outcomes,
_p123.
970 1 1 _tCan congress distribute the burden of a payroll tax?,
_p125.
970 1 1 _tElasticity and tax incidence,
_p126.
970 1 1 _tWho pays the luxury tax?,
_p128.
970 0 1 _a6-3 conclusion,
_p128.
970 0 1 _aSummary,
_p129.
970 0 1 _aKey concepts,
_p129.
970 0 1 _aQuestions for review,
_p129.
970 0 1 _aQuick check multiple choice,
_p129.
970 0 1 _aProblems and applications,
_p130.
970 1 2 _tMarkets and welfare,
_p133.
970 1 2 _tConsumers, producers and the efficiency of markets,
_p135.
970 1 1 _tConsumer surplus,
_p136.
970 1 1 _tWillingness to pay,
_p136.
970 1 1 _tUsing the demand curve to measure consumer surplus,
_p137.
970 1 1 _tHow a lower price raises consumer surplus,
_p138.
970 1 1 _tWhat does consumer surplus measure?,
_p139.
970 1 1 _tProducer surplus,
_p141.
970 1 1 _tCost and the wilingness to sell,
_p141.
970 1 1 _tUsing the supply curve to measure producer surplus,
_p142.
970 1 1 _tHow a higher price raises producer surplus,
_p143.
970 1 2 _tMarket efficiency,
_p144.
970 1 1 _tThe benevolent social planner,
_p145.
970 1 1 _tEvaluating the market equilibrum,
_p146.
970 1 1 _tThe invisible hand cand park your car,
_p148.
970 1 1 _tShould there be a market in organs?,
_p148.
970 0 1 _a7-4 conclusion: market efficiency and market failure,
_p150.
970 0 1 _aSummary,
_p151.
970 0 1 _aKey concepts,
_p151.
970 0 1 _aQuestions for review,
_p151.
970 0 1 _aProblems and applications,
_p152.
970 1 2 _tApplication: the costs of taxation,
_p155.
970 1 1 _tThe deadwight loss of taxation,
_p156.
970 1 1 _tHow a tax affects market participants,
_p157.
970 1 1 _tDeadweight losses and the gains from trade,
_p159.
970 1 1 _tThe determinants of the deadweight loss,
_p160.
970 1 1 _tThe deadweight loss debate,
_p162.
970 1 1 _tDeadweight loss and tax revenue as taxes vary,
_p163.
970 1 1 _tThe laffer curve and supply-side economics,
_p164.
970 1 1 _tThe tax debate,
_p166.
970 0 1 _a8-4 conclusion,
_p168.
970 0 1 _aSummary,
_p168.
970 0 1 _aKey concept,
_p168.
970 0 1 _aQuestions for review,
_p168.
970 0 1 _aQuick check multiple choice,
_p169.
970 0 1 _aProblems and applications,
_p169.
970 1 2 _tApplication: international trade,
_p171.
970 1 1 _tThe determinants of trade,
_p172.
970 1 1 _tThe equilibrium without trade,
_p172.
970 1 1 _tThe world price and comparative advantage,
_p173.
970 1 1 _tThe winners and losers from trade,
_p174.
970 1 1 _tThe gains and losses of an exporting country,
_p174.
970 1 1 _tThe gains and losses of an importing country,
_p175.
970 1 1 _tThe effects of a tariff,
_p177.
970 1 1 _tImport quotas: another way to restrict trade,
_p179.
970 1 1 _tThe lessons for trade policy,
_p179.
970 1 1 _tOther benefits of international trade,
_p180.
970 1 1 _tThreats to free trade,
_p181.
970 1 1 _tThe arguments for restricting trade,
_p182.
970 1 1 _tShould the winners from free-trade compensate the losers?,
_p183.
970 1 1 _tThe jobs argument,
_p183.
970 1 1 _tThe national-security argument,
_p184.
970 1 1 _tSecond thoughts about free trade,
_p184.
970 1 1 _tThe infant-industry argument,
_p185.
970 1 1 _tThe unfair-competition argument,
_p186.
970 1 1 _tThe protection-as-a bargaining-chip argument,
_p186.
970 1 1 _tTrade agreements and the world trade organization,
_p187.
970 0 1 _a9-4 conclusion,
_p188.
970 0 1 _aSummary,
_p189.
970 0 1 _aKey concepts,
_p189.
970 0 1 _aQuestions for review,
_p189.
970 0 1 _aQuick check multiple choice,
_p189.
970 0 1 _aProblems and applications,
_p190.
970 1 2 _tThe economics of the public sector,
_p193.
970 1 2 _tExternalities,
_p195.
970 1 1 _tExternalities and market inefficiency,
_p197.
970 1 1 _tWelfare economics a recap,
_p197.
970 1 1 _tNegative externalities,
_p198.
970 1 1 _tPositive externalities,
_p199.
970 1 1 _tThe externalities of country living,
_p200.
970 1 1 _tTechnology spilovers, industrial policy, and patent protection,
_p201.
970 1 1 _tPublic policies toward externalities,
_p202.
970 1 1 _tCommand-and-control policies regulation,
_p202.
970 1 1 _tMarket-based policy 1: corrective taxes and subsidies,
_p203.
970 1 1 _tWhy is gasoline taxed so heavily?,
_p204.
970 1 1 _tMarket-based policy 2: tradable pollution premits,
_p205.
970 1 1 _tObjections to the economic analysis of pollution,
_p207.
970 1 1 _tWhat should we do about climate change?,
_p208.
970 1 1 _tPrivate solutions to externalities,
_p208.
970 1 1 _tThe types of private solutions,
_p208.
970 1 1 _tThe coase theorem,
_p209.
970 1 1 _tWhy private solutions do not always work,
_p211.
970 0 1 _a10-4 conclusion,
_p211.
970 0 1 _aSummary,
_p212.
970 0 1 _aKey concepts,
_p212.
970 0 1 _aQuestions for review,
_p212.
970 0 1 _aQuick check multiple choice,
_p213.
970 0 1 _aProblems and applications,
_p213.
970 1 2 _tPublic goods and common resources,
_p215.
970 1 1 _tThe different kinds of goods,
_p216.
970 1 1 _tPublic goods,
_p218.
970 1 1 _tThe free-rider problem,
_p218.
970 1 1 _tSome important public goods,
_p218.
970 1 1 _tAre ligthouses public goods?,
_p221.
970 1 1 _tThe difficult job of cost-benefit analysis,
_p221.
970 1 1 _tHow much is a life worth?,
_p222.
970 1 1 _tCommon resources,
_p223.
970 1 1 _tThe tragedy of the commons,
_p223.
970 1 1 _tThe case for toll roads,
_p224.
970 1 1 _tSome important common resources,
_p225.
970 1 1 _tWhy the cow is not extinct,
_p227.
970 0 1 _a11-4 conclusion: the importance of friperty rights,
_p228.
970 0 1 _aSummary,
_p228.
970 0 1 _aKey concepts,
_p229.
970 0 1 _aQuestions for review,
_p229.
970 0 1 _aQuick check multiple choice,
_p229.
970 0 1 _aProblems and applications,
_p229.
970 1 2 _tFirm behavior and the organization of industry,
_p233.
970 1 1 _tThe costs of production,
_p235.
970 1 1 _tWhat are costs?,
_p236.
970 1 1 _tTotal revenue, total cost, and profit,
_p236.
970 1 1 _tCosts as opportunity costs,
_p236.
970 1 1 _tThe costs of capital as an opportunity cost,
_p237.
970 1 1 _tEconomic profit versus accounting profit,
_p238.
970 1 1 _tProduction and costs,
_p239.
970 1 1 _tThe production function,
_p239.
970 1 1 _tFrom the production function to the total-cost curve,
_p241.
970 1 1 _tThe various measures of cost,
_p241.
970 1 1 _tFixed and variable costs,
_p242.
970 1 1 _tAverage and marginal cost,
_p243.
970 1 1 _tCost curves and their shapes,
_p244.
970 1 1 _tTypical cost curves,
_p246.
970 1 1 _tCosts in the short run and in the long-run,
_p247.
970 1 1 _tThe relationship between short-run and long-run average total cost,
_p247.
970 1 1 _tEconomies and diseconomies of scale,
_p248.
970 1 1 _tLessons from a pin factory,
_p249.
970 0 1 _a12-5 conclusion,
_p250.
970 0 1 _aSummary,
_p250.
970 0 1 _aKey concepts,
_p251.
970 0 1 _aQuestions for review,
_p251.
970 0 1 _aQuick check multiple choice,
_p251.
970 0 1 _aProblems and applications,
_p252.
970 1 2 _tFirms in competitive markets,
_p255.
970 1 1 _tWhat is a competitive market?,
_p256.
970 1 1 _tThe meaning of competition,
_p256.
970 1 1 _tThe revenue of a competitive firm,
_p256.
970 1 1 _tProfit maximixation and the competitive firm's supply curve,
_p258.
970 1 1 _tA simple example of profit maximization,
_p258.
970 1 1 _tThe marginal-cost curve and the firm's supply decision,
_p259.
970 1 1 _tThe firm's short-run decision to shut down,
_p261.
970 1 1 _tSpilt milk and other sunk costs,
_p262.
970 1 1 _tNear-empty restaurants and off-season miniature golf,
_p263.
970 1 1 _tThe firm's long-run decision to exit or enter a market,
_p264.
970 1 1 _t2f measuring profit in our graph for the competive firm,
_p264.
970 1 1 _tThe supply curve in a competitive market,
_p265.
970 1 1 _tThe short run: market supply with a fixed number of firms,
_p266.
970 1 1 _tThe long run: market supply with entry and exit,
_p266.
970 1 1 _tWhy do competitive firms stay in business if they make zero profit?,
_p268.
970 1 1 _tA shift in demand in the short run and long run,
_p269.
970 1 1 _tWhy the long-run supply curve might slope upward,
_p269.
970 0 1 _a13-4 conclusion: behind the supply curve,
_p271.
970 0 1 _aSummary,
_p272.
970 0 1 _aKey concepts,
_p272.
970 0 1 _aQuestions for review,
_p272.
970 0 1 _aQuick check multiple choice,
_p272.
970 0 1 _aProblems and applications,
_p273.
970 1 2 _tMonopoly,
_p275.
970 1 1 _tWhy monopolies arise,
_p276.
970 1 1 _tMonopoly resoruces,
_p277.
970 1 1 _tGovernment-created monopolies,
_p277.
970 1 1 _tNatural monopolies,
_p278.
970 1 1 _tHow monopolies make production and pricing decisions,
_p279.
970 1 1 _tMonopoly versus competition,
_p279.
970 1 1 _tA monopoly's revenue,
_p280.
970 1 1 _tProfit maximization,
_p282.
970 1 1 _tA monopoly's profit,
_p284.
970 1 1 _tWhy a monopoly does not have supply curve,
_p284.
970 1 1 _tMonopoly drugs versus generic drugs,
_p285.
970 1 1 _tThe welfare cost of monopolies,
_p286.
970 1 1 _tThe deadweight loss,
_p287.
970 1 1 _tThe monopoly's profit: a social cost?,
_p289.
970 1 1 _tPrice discrimination,
_p290.
970 1 1 _tA parable about pricing,
_p290.
970 1 1 _tThe moral of the story,
_p291.
970 1 1 _tThe analytics of price discrimination,
_p291.
970 1 1 _tExample of price discrimination,
_p293.
970 1 1 _tPrice discrimination in higher education,
_p294.
970 1 1 _tPublic policy toward monopolies,
_p295.
970 1 1 _tIncreasing competition with antirust laws,
_p295.
970 1 1 _tRegulation,
_p295.
970 1 1 _tPublic ownership,
_p297.
970 1 1 _tDoing nothing,
_p297.
970 0 1 _a14-6 conclusion: the prevalence of monopolies,
_p298.
970 0 1 _aSummary,
_p299.
970 0 1 _aKey concepts,
_p299.
970 0 1 _aQuestions for review,
_p299.
970 0 1 _aQuick check multiple choice,
_p300.
970 0 1 _aProblems and applications,
_p300.
970 1 2 _tThe data of macroeconomics,
_p305.
970 1 2 _tMeasuring a nation's income,
_p307.
970 1 1 _tThe economy's income and expenditure,
_p308.
970 1 1 _tThe measurement of GDP,
_p310.
970 1 1 _t"GDP is the market value...",
_p310.
970 1 1 _t"...of all...",
_p310.
970 1 1 _t"...final...",
_p311.
970 1 1 _t"...goods and services...",
_p311.
970 1 1 _t"....produced...",
_p311.
970 1 1 _t"....within a country...",
_p311.
970 1 1 _t"...in a given period of time...",
_p311.
970 1 1 _tThe components of GDP,
_p312.
970 1 1 _tOther measures of income,
_p313.
970 1 1 _tConsumption,
_p313.
970 1 1 _tInvestment,
_p313.
970 1 1 _tGovernment pruchases,
_p314.
970 1 1 _tNet exports,
_p314.
970 1 1 _tThe components of U.S. GDP,
_p315.
970 1 1 _tReal versus nominal GDP,
_p315.
970 1 1 _tThe bea changes the definitions of investment and GDP,
_p316.
970 1 1 _tA numerical example,
_p316.
970 1 1 _tThe GDP deflator,
_p318.
970 1 1 _tReal GDP over recent history,
_p319.
970 1 1 _tIs GDP a good measure of economic well-being?,
_p320.
970 1 1 _tInternational differences in GDP and the quality of life,
_p321.
970 1 1 _tThe underground economy,
_p322.
970 1 1 _tMeasuring macroeconomic well-being,
_p324.
970 0 1 _a15-6 conclusion,
_p324.
970 0 1 _aSummary,
_p326.
970 0 1 _aKey concepts,
_p326.
970 0 1 _aQuestions for review,
_p326.
970 0 1 _aQuick check multiple choice,
_p326.
970 0 1 _aProblems and applications,
_p327.
970 1 2 _tMeasuring the cost of living,
_p329.
970 1 1 _tThe consumer price index,
_p330.
970 1 1 _tHow the CPI is calculated,
_p330.
970 1 1 _tWhat is in the CPI's basket?,
_p332.
970 1 1 _tProblems in measuring the cost of living,
_p333.
970 1 1 _tMonitoring inflation in the internet age,
_p334.
970 1 1 _tThe GDP deflator versus the consumer price index,
_p336.
970 1 1 _tCorrecting economic variables for the effects of inflation,
_p337.
970 1 1 _tDollar figures from different times,
_p338.
970 1 1 _tIndexation,
_p338.
970 1 1 _tMr. Index goes to hollywood,
_p339.
970 1 1 _tReal and nominal interest rates,
_p339.
970 1 1 _tInterest rates in the U.S. economy,
_p341.
970 0 1 _a16-3 conclusion,
_p342.
970 0 1 _aSummary,
_p342.
970 0 1 _aKey concepts,
_p343.
970 0 1 _aQuestions for review,
_p343.
970 0 1 _aQuick check multiple choice,
_p343.
970 1 1 _aProblems and applications,
_p343.
970 1 2 _tThe real economy in the long run,
_p345.
970 1 2 _tProduction and growth,
_p347.
970 1 1 _tEconomic growth around the world,
_p348.
970 1 1 _tProductivity: its role and determinants,
_p350.
970 1 1 _tAre you richer than the richest American?,
_p350.
970 1 1 _tWhy productivity is so important,
_p351.
970 1 1 _tHow productivity is determined,
_p351.
970 1 1 _tA picture is worth a thousand statistics,
_p352.
970 1 1 _tThe production function,
_p355.
970 1 1 _tAre natural resources a limit to growth?,
_p356.
970 1 2 _tEconomic growth and public policy,
_p356.
970 1 1 _tSaving and investment,
_p357.
970 1 1 _tDiminishing returns and the catch-up effect,
_p357.
970 1 1 _tInvestment from Abroad,
_p359.
970 1 1 _tEducation,
_p360.
970 1 1 _tHealth and nutrition,
_p360.
970 1 1 _tProperty rights and political stability,
_p361.
970 1 1 _tDoes food aid help or hurt?,
_p362.
970 1 1 _tFree trade,
_p363.
970 1 1 _tResearch and development,
_p364.
970 1 1 _tPopulation growth,
_p364.
970 1 1 _tOne economist's answer,
_p366.
970 0 1 _a17-4 conclusion: the important of long-run growth,
_p368.
970 0 1 _aSummary,
_p369.
970 0 1 _aKey concepts,
_p369.
970 0 1 _aQuestions for review,
_p369.
970 0 1 _aQuick check multiple choice,
_p369.
970 0 1 _aProblems and applications,
_p370.
970 1 2 _aSaving, investment, and the financial system,
_p371.
970 1 1 _tFinancial institutions in the U.S. economy,
_p372.
970 1 1 _tFinancial markets,
_p372.
970 1 1 _tFinancial intermediaters,
_p374.
970 1 1 _tKey numbers for stock watchers,
_p375.
970 1 1 _tShould students sell equity in themselves,
_p377.
970 1 1 _tSaving and investment in the national income accounts,
_p378.
970 1 1 _tSome important identitiles,
_p378.
970 1 1 _tThe meaning of saving and investment,
_p380.
970 1 1 _tThe market for loanable funds,
_p380.
970 1 1 _tSupply and demand for loanable funds,
_p381.
970 1 1 _tPolicy 1: saving incentives,
_p382.
970 1 1 _tPolicy 2: investment incentives,
_p384.
970 1 1 _tPolicy 3: government budget deficits and surpluses,
_p385.
970 1 1 _tThe history of U.S. government debt,
_p387.
970 1 1 _tFinancial crises,
_p389.
970 0 1 _a18-4 conclusion,
_p389.
970 0 1 _aSummary,
_p390.
970 0 1 _aKey concepts,
_p390.
970 0 1 _aQuestions for review,
_p390.
970 0 1 _aQuick check multiple choice,
_p391.
970 0 1 _aProblems and application,
_p391.
970 1 2 _tThe basic tools of finance,
_p393.
970 1 1 _tPresent value: measuring the time value of money,
_p394.
970 1 1 _tThe magic of compounding and the rule of 70,
_p396.
970 1 1 _tManaging risk,
_p396.
970 1 1 _tRisk aversion,
_p396.
970 1 1 _tThe markets for insurance,
_p397.
970 1 1 _tDiversification of firm-specific risk,
_p398.
970 1 1 _tThe trade-off between risk and return,
_p399.
970 1 1 _tAsset valuation,
_p400.
970 1 1 _tFundamental analysis,
_p401.
970 1 1 _tThe efficient markets hypothesis,
_p401.
970 1 1 _tRandom walks and index funds,
_p402.
970 1 1 _tMarket irrationality,
_p403.
970 1 1 _tIs the efficient markets hypothesis kaput?,
_p404.
970 0 1 _a19-4 conclusion,
_p405.
970 0 1 _aSummary,
_p405.
970 0 1 _aKey concepts,
_p405.
970 0 1 _aQuestions for review,
_p405.
970 0 1 _aQuick check multiple choice,
_p406.
970 0 1 _aProblems and applications,
_p406.
970 1 2 _tUnemployment,
_p409.
970 1 1 _tIdentifying unemployment,
_p410.
970 1 1 _tHow is unemployment measured?,
_p410.
970 1 1 _tLabor-force participation of men and women in the U.S. economy,
_p413.
970 1 1 _tDoes the unemployment rate measure what we want it to?,
_p414.
970 1 1 _tHow long are the unemployed without work?,
_p416.
970 1 1 _tWhy are there always some people unemployed?,
_p416.
970 1 1 _tThe jobs number,
_p417.
970 1 1 _tJob search,
_p417.
970 1 1 _tWhy some fictional unemployment is inevitable,
_p418.
970 1 1 _tPublic policy and job search,
_p418.
970 1 1 _tUnemployment insurance,
_p419.
970 1 1 _tWhy has employment declined?,
_p420.
970 1 1 _tMinimum-wage laws,
_p420.
970 1 1 _tUnions and collective bargaining,
_p422.
970 1 1 _tWho earns the minimum wage?,
_p423.
970 1 1 _tThe econmics of unions,
_p423.
970 1 1 _tAre unions good or bad for the economy?,
_p424.
970 1 1 _tThe theory of efficiency wages,
_p425.
970 1 1 _tWorker health,
_p425.
970 1 1 _tWorker turnover,
_p426.
970 1 1 _tWorker quality,
_p426.
970 1 1 _tWorker effort,
_p427.
970 1 1 _tHenry Ford and the very generous $5-a day wage,
_p427.
970 0 1 _a20-6 conclusion,
_p428.
970 0 1 _aSummary,
_p428.
970 0 1 _aKey concepts,
_p428.
970 0 1 _aQuestions for review,
_p429.
970 0 1 _aQuick check multiple choice,
_p429.
970 0 1 _aProblems and applications,
_p429.
970 1 2 _tMoney and prices in the long run,
_p431.
970 1 2 _tThe monetary system,
_p433.
970 1 1 _tThe meaning of money,
_p434.
970 1 1 _tThe functions of money,
_p435.
970 1 1 _tThe kinds of money,
_p435.
970 1 1 _tWhy gold?,
_p436.
970 1 1 _tMoney in the U.S. economy,
_p437.
970 1 1 _tWhere is all the currency?,
_p439.
970 1 1 _tThe federal reserve system,
_p439.
970 1 1 _tThe fed's organization,
_p439.
970 1 1 _tThe federal open market committee,
_p440.
970 1 1 _tBanks and the money supply,
_p441.
970 1 1 _tThe simple case of 100-percent-reserve banking,
_p441.
970 1 1 _tMoney creation with fractional-reserve banking,
_p442.
970 1 1 _tThe money multiplier,
_p443.
970 1 1 _tBank capital, leverage, and the financial crisis of 2008-2009,
_p444.
970 1 1 _tThe fed's tools of monetary control,
_p446.
970 1 1 _tHow the fed influences the quantity of reserves,
_p446.
970 1 1 _tHow the fed influences the reserve ratio,
_p447.
970 1 1 _tProblems in controlling the money supply,
_p448.
970 1 1 _tBank runs and the money supply,
_p449.
970 1 1 _tBernanke on the Fed's toolbox,
_p450.
970 1 1 _tThe federal funds rate,
_p452.
970 0 1 _a21-5 Conclusion,
_p453.
970 0 1 _aSummary,
_p453.
970 0 1 _aKey concepts,
_p453.
970 0 1 _aQuestions for review,
_p454.
970 0 1 _aQuick check multiple choice,
_p454.
970 0 1 _aProblems and applications,
_p454.
970 1 2 _tMoney growth and inflation,
_p457.
970 1 1 _tThe classical theory of inflation,
_p458.
970 1 1 _tThe level of prices and the value of money,
_p459.
970 1 1 _tMoney supply, money demand, and monetary equilibrium,
_p459.
970 1 1 _tThe effects of a monetary injection,
_p461.
970 1 1 _tA brief look at the adjustment process,
_p462.
970 1 1 _tThe classical dichotomy and monetary neutrality,
_p463.
970 1 1 _tVelocity and the quantity equation,
_p464.
970 1 1 _tMoney and prices during four hyperinflations,
_p466.
970 1 1 _tThe inflation tax,
_p466.
970 1 1 _tThe fisher effect,
_p468.
970 1 1 _tHyperinflation in Zimbabwe,
_p468.
970 1 1 _tThe costs of inflation,
_p470.
970 1 1 _tA fall in pruchasing power? the inflation fallacy,
_p471.
970 1 1 _tShoeleather costs,
_p471.
970 1 1 _tMenu costs,
_p472.
970 1 1 _tRelative-price variability and the misallocation of resources,
_p472.
970 1 1 _tInflation-induced tax distortions,
_p473.
970 1 1 _tConfusion and inconvenience,
_p474.
970 1 1 _tA special cost of unexpected inflation: arbitary redistributions of wealth,
_p475.
970 1 1 _tInflation is bad, but defilation may be worse,
_p476.
970 1 1 _tThe wizard of Oz and the free-silver debate,
_p476.
970 0 1 _a22-3 conclusion,
_p478.
970 0 1 _aSummary,
_p478.
970 0 1 _aKey concepts,
_p478.
970 0 1 _aQuestions for review,
_p479.
970 0 1 _aQuick check multiple choice,
_p479.
970 0 1 _aProblems and applications,
_p479.
970 1 2 _tShort-run economic fluctuations,
_p481.
970 1 2 _tAggregate demand and aggregate supply,
_p483.
970 1 1 _tThree key facts about economic fluctuations,
_p484.
970 1 1 _tFact 1: economic fluctuations are irregular and unpredictable,
_p484.
970 1 1 _tFact 2: most macroeconmic quantaties fluctuate together,
_p486.
970 1 1 _tFact 3: as output falls, unemployment rises,
_p486.
970 1 1 _tExplaining short-run economic fluctations,
_p486.
970 1 1 _tThe assumptions of classical economics,
_p486.
970 1 1 _tThe reality of short-run influences of economic downturns,
_p488.
970 1 1 _tThe aggreagate-demand curve,
_p490.
970 1 1 _tWhy the aggregate-demand curve might shift,
_p493.
970 1 1 _tThe aggregate-supply curve,
_p495.
970 1 1 _tWhy the aggregate-supply curve is vertical in the long run,
_p496.
970 1 1 _tWhy the long-run aggregate-supply curve might shift,
_p497.
970 1 1 _tUsing aggregate demand and aggregate supply to depict long-run growth and inflation,
_p498.
970 1 1 _tWhy the aggregate-supply curve slopes upward in the short run,
_p499.
970 1 1 _tWhy the short-run aggregate-supply curve might shift,
_p503.
970 1 1 _tTwo causes of economic fluctuations,
_p504.
970 1 1 _tThe effects of a shift in aggregate demand,
_p505.
970 1 1 _tMonetary neutrality revisited,
_p507.
970 1 1 _tTwo big shifts in aggregate demand: the great depression and world war II,
_p508.
970 1 1 _tThe recession of 2008-2009,
_p509.
970 1 1 _tWhat have we learned?,
_p510.
970 1 1 _tThe effects of a shift in aggregate supply,
_p512.
970 1 1 _tOil and the economy,
_p514.
970 1 1 _tThe origins of the model of aggregate demand and aggregate supply,
_p515.
970 0 1 _a23-6 conclusion,
_p516.
970 0 1 _aSummary,
_p516.
970 0 1 _aKey concepts,
_p517.
970 0 1 _aQuestions for review,
_p517.
970 0 1 _aQuick check multiple choice,
_p518.
970 0 1 _aProbems and applications,
_p518.
970 1 2 _tThe influence of monetary and fiscal policy on aggregate demand,
_p521.
970 1 1 _tHow monetary policy influences aggregate demand,
_p522.
970 1 1 _tThe theory of liqiudity preference,
_p523.
970 1 1 _tThe downward slope of the aggregate-demand curve,
_p525.
970 1 1 _tInterest rates in the long run and the short run,
_p526.
970 1 1 _tChanges in the money supply,
_p527.
970 1 1 _tThe role of interest-rate targets in fed policy,
_p529.
970 1 1 _tThe zero lower bound,
_p529.
970 1 1 _tWhy the fed watches the stock market (and vice versa),
_p530.
970 1 1 _tHow fiscal policy influences aggregate demand,
_p531.
970 1 1 _tChanges in government purchases,
_p531.
970 1 1 _tThe multiplier effect,
_p532.
970 1 1 _tA formula for the spending multiplier,
_p533.
970 1 1 _tOther applications of the multiplier effect,
_p534.
970 1 1 _tThe crowding-out effect,
_p534.
970 1 1 _tChanges in taxes,
_p535.
970 1 1 _tHow fiscal policy might affect aggregate supply,
_p536.
970 1 1 _tUsing policy to stabilize the economy,
_p536
970 1 1 _tThe case for active stabilization policy,
_p537.
970 1 1 _tKeynesians in the white house,
_p538.
970 1 1 _tHow large is the fiscal policy multiplier?,
_p538.
970 1 1 _tThe case against active stabilization policy,
_p540.
970 1 1 _tAutomatic stabilizers,
_p540.
970 0 1 _a24-4 conclusion,
_p541.
970 0 1 _aSummary,
_p542.
970 0 1 _aKey concepts,
_p542.
970 0 1 _aQuestions for review,
_p542.
970 0 1 _aQuick check multiple choice,
_p543.
970 0 1 _aProblems and applications,
_p543.
970 0 1 _aGlossayr,
_p545.
970 0 1 _aIndex,
_p551.
999 _c4623
_d4623
003 KOHA