Schaum's Outline of Principles of Economics [Paperback]by Dominick Salvatore and Eugene A. Diulio
Usually ships within 3 to 5 working days Description of Schaum's Outline of Principles of EconomicsMaster the principles of economics with Schaum's - the high-performance study guide. It will help you cut study time, hone problem-solving skills, and achieve your personal best on exams! Students love "Schaum's Outlines" because they produce results. Each year, hundreds of thousands of students improve their test scores and final grades with these indispensable study guides. Get the edge on your classmates. Use Schaum's! If you don't have a lot of time but want to excel in class, this book helps you: brush up before tests; find answers fast Study quickly and more effectively; and, get the big picture without spending hours poring over lengthy textbooks. "Schaum's Outlines" give you the information your teachers expect you to know in a handy and succinct format - without overwhelming you with unnecessary details. You get a complete overview of the subject.Plus, you get plenty of practice exercises to test your skill. Compatible with any classroom text, Schaum's let you study at your own pace and remind you of all the important facts you need to remember - fast! And Schaum's are so complete, they're perfect for preparing for graduate or professional exams.Inside, you will find: hundreds of solved problems covering every aspect of economic principles courses, with step-by-step solutions; hundreds of additional practice problems, with answers supplied; an easy-to-understand overview of all central economic principles; a concise, focused presentation of concepts from basic formulas and theories to advanced topics; and, clear presentations of all the economic principles you need to know for your tests.If you want top grades and a thorough understanding of the principles of economics, this powerful study tool is the best tutor you can have! Chapters include: Demand, Supply, and Equilibrium; Unemployment, Inflation, and National Income; Consumption, Investment, and Net Exports; Keynesian Approach to Equilibrium Output; Fiscal Policy; Money and Banking; The Federal Reserve; Monetary and Fiscal Policy; Inflation; Unemployment, Deficits, and Debt; Economic Growth and Productivity; Demand, Supply, and Elasticity; Theory of Consumer Demand and Utility; Costs of Production; Price and Output; Oligopoly; Production and the Demand for Economic Resources; Wage Determination; and, Rent, Interest, and Profits. Title Information
Write a review of this book Customer Reviews from AmazonContents of Schaum's Outline of Principles of Economics1. Introduction to EconomicsThe Subject Matter of Economics The Methodology of Economics The Use of Tables, Graphs, and Equations 2. The Economic Problem The Problem of Scarcity The Production-Possibility Frontier The Principle of Increasing Costs Scarcity and the Market System 3. Demand, Supply, and Equilibrium Demand Shifting of a Market Demand Curve Supply Shifting of a Market Supply Curve Equilibrium Price and Quantity Equilibrium When Market Demand and/or Market Supply Curves Shift Government and Price Determination 4. Introduction to Macroeconomics Macroeconomics and Microeconomics Gross Domestic Product Aggregate Demand, Aggregate Supply, and Equilibrium Output Changes in Aggregate Output Business Cycles 5. Unemployment, Inflation, and National Income Unemployment and the Labor Force Cost of Unemployment The Price Level Inflation Cost of Inflation Measuring Domestic Output Measuring Personal Disposable Income 6. Consumption, Investment, and Net Exports Consumption The Consumption Function The Average and Marginal Propensity to Consume and Save Investment The Investment Demand Curve Gross Exports and Gross Imports 7. Traditional Keynesian Approach to Equilibrium Output The Keynesian Constant Price Level Model of Equilibrium Output The Income-Output Approach to Equilibrium Output The Leakage-Injection Approach to Equilibrium Output The Paradox of Spendthrift The Multiplier Changes in Equilibrium Output When Aggregate Supply is Positively Sloped 8. Fiscal Policy Government Net Tax Revenues and the Consumption Function Government Expenditures, Taxes, and the Level of Output Discretionary Fiscal Policy Fiscal Policy Multipliers Built-In Stabilizers Implementing Discretional Fiscal Policy 9. Money and Banking The Functions of Money Financial Instruments and Markets Depository Institutions Banks, Check-Writing Deposits, and the M1 Money Supply Creation and Control of the Check-Writing Deposit Component of the M1 Money Supply Determinants of the M1 Money Supply 10. The Federal Reserve and the Money Supply The Federal Reserve System The Federal Reserve's Monetary Tools Open-Market Operations and Short-Term Interest Rates Interest Rates and Total Spending The Equation of Exchange The Quantity Theory of Money 11.Monetary and Fiscal Policy Monetary and Fiscal Policy: A Recap Fiscal Policy and Crowding Out Predictability of Money Supply Changes upon Equilibrium Output Monetary and Fiscal Policy in an Aggregate Demand and Aggregate Supply Framework Monetary Policy or Fiscal Policy 12. Inflation, Unemployment, Deficits, and Debt Cost-Push Inflation Demand-Pull Inflation The Phillips Curve Government Deficits The Public Debt 13. Economic Growth and Productivity Concept of Economic Growth Population and Economic Growth Capital Accumulation and Economic Growth The Productivity Growth Slowdown in the United States Supply-Side Economics 14. Demand, Supply, and Elasticity Demand, Supply, and the Market Price Elasticity of Demand Elasticity and Total Revenue Elasticity of Supply Applications of Supply Applications of Elasticity 15. The Theory of Consumer Demand and Utility Substitution and Income Effects and the Downsloping Demand The Law of Diminishing Marginal Utility Utility Maximization and Consumer Equilibrium Derivation of an Individual's Demand Curve Consumer's Surplus 16. Costs of Production Explicit Costs, Implicit Costs, and Economic Profit The Law of Diminishing Returns Short-Run Total Costs Short-Run Per-Unit Costs Long-Run Production Costs Constant, Increasing, and Decreasing Returns to Scales 17. Price, and Output: Perfect Competition Perfect Competition Defined Profit Maximization in the Short Run: Total Approach Profit Maximization in the Short Run: Marginal Approach Short-Run Profit or Loss Firm's Short-Run Supply Curve Long-Run Equilibrium of the Competitive Firm Constant-, Increasing-, and Decreasing-Cost Industries 18. Price and Output: Monopoly Pure Monopoly Defined Demand and Marginal Revenue Profit Maximization Price Discrimination Efficiency Considerations Regulation of Monopoly 19. Price and Output: Monopolistic Competition and Oligopoly Monopolistic Competition Defined Profit Maximization Long-Run Efficiency Implications of Monopolistic Competition Oligopoly Defined The Kinked Demand Curve and Price Rigidity Collusion Long-Run Efficiency Implications of Oligopoly 20. Production and the Demand for Economic Resources Introduction to Resource Pricing Marginal Revenue Product under Perfect Competition Marginal Productivity and Resource Demand under Perfect Competition Marginal Productivity and Resource Demand under Imperfect Competition Changes in Resource Demand and Elasticity A Firm's Demand for Several Resources 21. Wage Determination General Level of Wages Wage Determination under Perfect Conditions Wage Determination under Imperfect Conditions The Effect of Unions on Wages Wage Differentials 22. Rent, Interest, and Profits Rent Interest Profits Income Shares Epilogue on Commodity and Resource Pricing 23. International Trade and Finance The Importance of International Trade The Basis and Gains from Trade: Comparative Advantage Obstacles to the Flow of Trade: Tariffs and Quotas The Balance of Payments The Flexible-Exchange-Rate System of Adjustment The International Monetary System and Current International Economic Problems Appendix A: Sample Screens From the Companion Interactive Outline Index |
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