- January 2010
165.- Euro
2010. 560 Pages, Softcover
ISBN-10: 0-470-45009-6
ISBN-13: 978-0-470-45009-3 - John Wiley & Sons






Sample Chapter

Detailed description
Designed for the Survey of Economics course, Economics: Theory and Practice introduces students to basic economic concepts, institutions, relationships, and terminology. This text prepares students to use economic thinking in their classes, careers, and everyday lives.

Flexible in approach, instructor-friendly in structure, and student-friendly in language, the new 9th Edition contains an essential coverage of both microeconomics and macroeconomics, in any sequence. Whether addressing topics such as the effects of inflation on interest rates or an economy's response to a price increase in consumer goods, no survey of economics course is complete without Patrick and Gerry Welch's classic text.

From the contents
PART ONE: Introduction to Economics.

Chapter 1 Introduction Economics.

Chapter 2 Economic Decision Making and Economic Systems.

Chapter 3 Demand, Supply, and Price Determination.

PART TWO: The Macroeconomy.

Chapter 4 Goals and Problems of the Macroeconomy: Employment, Prices, and Production.

Chapter 5 Foundations of the Macroeconomy.

Chapter 6 The Role of Government in the Macroeconomy.

Chapter 7 Money, Financial Institutions, and the Federal Reserve.

Chapter 8 Money Creation, Monetary Theory, and Monetary Policy.

Chapter 9 Macroeconomic Viewpoints and Models.

PART THREE: The Microeconomy.

Chapter 10 Household and Businesses: An Overview.

Chapter 11 Benefits, Costs, and Maximization.

Chapter 12 Production and the Costs of Production.

Chapter 13 Competition and Market Structures.

Chapter 14 Government and the Markets.

Chapter 15 Labor Markets, Unions, and the Distribution of Income.

PART FOUR: The International Economy.

Chapter 16 International Trade.

Chapter 17 International Finance.

Glossary.

Answers to "Test Your Understanding".

Index.