Economics
Author: Joseph E Stiglitz
For the Third Edition, 2001 Nobel laureate Joseph Stiglitz joins forces with new co-author Carl Walsh, who brings both macroeconomic expertise and teaching savvy to the project. Together, Stiglitz and Walsh thoroughly integrate contemporary economics into the traditional curriculum. Since the publication of Economics, Second Edition, in 1997, the explosive development of information technologies has altered the economic landscape in important ways. In Economics, Third Edition, Stiglitz and Walsh embrace the information revolution as an opportunity to revitalize the presentation of economics by linking fundamental concepts and basic models to examples in the "new economy." Supplemented by powerful emedia offerings, outstanding ancillary resources, and comprehensive pedagogy, Economics, Third Edition, promises to be the most complete, authoritative principles package on the market.
Author Biography: Joseph E. Stiglitz is professor of economics, business, and international and public affairs at Columbia University. Known throughout the world for his groundbreaking research, Joseph Stiglitz received the Nobel Prize in Economic Sciences in 2001. Carl E. Walsh is professor of economics at the University of California at Santa Cruz. He is widely known for his research in monetary economics and is the author of a leading graduate text, Monetary Theory and Policy (MIT Press).
Booknews
This text provides a treatment of the basic competitive model, presenting macroeconomics in a manner that builds on the way economic researchers and economists in policymaking positions frame their analysis. The text can be used for a one-semester course covering principles of micro- and macroeconomics, or for a one-quarter course devoted solely to micro- or macroeconomics. This third edition integrates recent developments associated with innovation and the digital economy. There are new optional chapters on areas such as the labor and capital markets and investing. Stiglitz teaches economics, business, and international and public affairs at Columbia University. Walsh teaches economics at the University of California-Santa Cruz. Annotation c. Book News, Inc., Portland, OR (booknews.com)
Table of Contents:
Pt. 1 | Introduction | |
1 | The Automobile and Economics | 1 |
2 | Thinking Like an Economist | 27 |
3 | Trade | 52 |
4 | Demand, Supply, and Price | 71 |
5 | Using Demand and Supply | 96 |
6 | Time and Risk | 122 |
7 | The Public Sector | 143 |
Pt. 2 | Perfect Markets | |
8 | The Consumption Decision | 171 |
9 | Labor Supply and Savings | 199 |
10 | A Student's Guide to Investing | 226 |
11 | The Firm's Costs | 250 |
12 | Production | 281 |
13 | Competitive Equilibrium | 309 |
Pt. 3 | Imperfect Markets | |
14 | Monopolies and Imperfect Competition | 335 |
15 | Oligopolies | 363 |
16 | Government Policies Toward Competition | 388 |
17 | Technological Change | 411 |
18 | Imperfect Information in the Product Market | 430 |
19 | Imperfections in the Labor Market | 454 |
20 | Financing, Controlling, and Managing the Firm | 475 |
Pt. 4 | Policy Issues | |
21 | Externalities and the Environment | 505 |
22 | Taxes, Transfers, and Redistribution | 522 |
23 | Public Decision Making | 543 |
Pt. 5 | Full-Employment Macroeconomics | |
24 | Macroeconomic Goals and Measures | 563 |
25 | The Full-Employment Model | 590 |
26 | Using the Full-Employment Model | 617 |
Pt. 6 | Unemployment Macroeconomics | |
27 | Overview of Unemployment Macroeconomics | 639 |
28 | Aggregate Demand | 662 |
29 | Consumption and Investment | 690 |
30 | Money, Banking, and Credit | 717 |
31 | Monetary Theory | 746 |
32 | Fiscal and Monetary Policy | 772 |
Pt. 7 | Dynamics and Macro Policy | |
33 | Inflation: Wage and Price Dynamics | 791 |
34 | Unemployment: Understanding Wage Rigidities | 821 |
35 | Inflation vs. Unemployment: Approaches to Policy | 843 |
Pt. 8 | Issues in Macroeconomic Policy | |
36 | Growth and Productivity | 873 |
37 | Deficits and Deficit Reduction | 903 |
38 | Trade Policy | 924 |
39 | Alternative Economic Systems | 947 |
40 | Development | 971 |
Glossary | A-1 |
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Author: Joel S Demski
The second edition reflects Dr. Demski's experience teaching to undergraduates, masters and doctoral students. He emphasizes economic fundamentals as the guiding foundation coupled with an artful application of those fundamentals. This applies to product costing, decision making and evaluation art. Dr. Demski also removed a great deal of traditional minutiae, in order to keep this theme in constant focus. This thematic approach, in his experience, works in dramatic fashion, and stands in sharp contrast to more traditional presentations of this material.
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