Economics

Theory and Practice

Patrick J. Welch, Gerry F. Welch

546 pages, parution le 05/06/2003 (7^eme édition)

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Résumé

Apply Economic Thinking to Everyday Life!

Inflation, price fluctuations, unemployment, population trends-economics is not a collection of abstract concepts, but a fascinating part of the world we live in. Reflecting the dynamic nature of the field, Patrick and Gerry Welch's Seventh Edition makes economic theories and practices engaging and relevant. With lucid writing, up-to-date coverage, and real-life examples, these authors help you master basic economic concepts. The end result is a text that shows you how to apply economic thinking to everyday life!

Highlights of the Seventh Edition

More relevant current examples: Concrete examples anchor abstract theories in real life.
Up-to-date content and data: The authors have updated the text with the most recent available data and have included new developments in the subject matter of each chapter.
Student-friendly approach: The authors have revised the content, making the book even more accessible and easier to read.
Hands-on pedagogy: Critical Thinking Cases, Up for Debate boxes, Applications, and Discussion Questions in each chapter help you develop a deep understanding of economics by using concepts rather than simply studying them.
Flexibility: Each of the book's four sections is a self-contained unit, so the book is easily tailored to any approach.
Balanced coverage of theory and institutions: The text's balanced presentation helps you make connections between economic theory and the world around you.

Introduction to Economics
- Introduction to Economics Appendix: Graphing
- Economic Decision Making and Economic Systems
- Demand, Supply, and the Determination of Price
The Macroeconomy
- Goals and Problems of the Macroeconomy: Employment, Prices, and Production
- Foundations of the Macroeconomy
- The Role of Government in the Macroeconomy
- Money, Financial Institutions, and the Federal Reserve
- Money Creation, Monetary Theory, and Monetary Policy
- Macroeconomic View-Points and Models
The Microeconomy
- Households and Businesses: An Overview
- Benefits, costs, and Maximization
- Production and the costs of Production
- Appendix: A Further Look at Short-Run Average and Marginal Costs
- Appendix: Determining the Profit-Maximizing Price and Output for a Firm
- Government and the Markets
- Labor Markets, Unions, and the Distribution of Income
The International Economy
- International Trade
- International Finance
- Glossary

Caractéristiques techniques

	PAPIER
Éditeur(s)	Wiley
Auteur(s)	Patrick J. Welch, Gerry F. Welch
Parution	05/06/2003
Édition	7^eme édition
Nb. de pages	546
Format	20 x 25
Couverture	Broché
Poids	1000g
Intérieur	Noir et Blanc
EAN13	9780470000281