A STREAMLINED COURSE FOR STUDENTS and BUSINESS PEOPLE &ndash 2ND (Catlett, VA)

A STREAMLINED COURSE FOR STUDENTS and BUSINESS PEOPLE &ndash 2ND

BARRON S BUSINESS REVIEW SERIESKingston Books 15 IMG_6287Author Walter W. WesselsPublisher Barron s Business Review SeriesCharts Graphs and TablesPREFACEThe goal of this text is singular to help you understand economics so that you will do better in class and in business and to do this as clearly and concisely as possible. The strong positive response for the first edition shows that this goal was achieved. We have revised this text to bring you up-to-date with current economic understanding. Some of the new topics covered are game theory real business cycle models total quality management the random walk model of the stock market and the economic role of financial markets.Both students taking economics who want to do better in economic class and business professionals who want to understand better the economic environment they compete in will find this book beneficial. Unlike most texts we test your understanding throughout each chapter with problems and answers so that small misunderstandings do not grow. And unlike most study guides we give you complete explanations and useful examples to help you do these problems.Throughout this guide you will find it easy to learn the essentials of economics especially if you follow the procedure outlined Learn the Definitions and Main Points. Work Each Example and Graph. Do All Problems. Understand the Assumptions Being Made. An understanding of economics is essential for understanding the economic events that affect us all. Carefully studying this book in the way I ve outlined will help you gain that understanding.Provides an overview of the essential concepts of economics discusses microeconomics and macroeconomics and includes a section on international trade.ESSENTIALS OF ECONOMICSContents in BriefWHAT IS ECONOMICS ALL ABOUT HOW TO USE GRAPHS IN ECONOMICS SUPPLY AND DEMAND PART ONE SUPPLY AND DEMAND PART TWO MACROECONOMICS AGGREGATE SUPPLY AND DEMANDMEASURING NATIONAL OUTPUT INFLATION AND UNEMPLOYMENT AGGREGATE DEMAND AND SUPPLY THE KEY TO MACROECONOMICS AGGREGATE DEMAND IN THE PRIVATE SECTOR THE KEYNESIAN MODEL AGGREGATE SUPPLY AND GETTING TO FULL EMPLOYMENT MACROECONOMICS FISCAL AND MONETARY POLICYFISCAL POLICY GOVERNMENT SPENDIG AND TAXATION THE SUPPLY OF MONEY MONEY AND THE AGGREGATE DEMAND KEYNESIAN MODEL MONEY AND THE AGGREGATE DEMAND MONETARIST MODEL INFLATION AND UNEMPLOYMENT RATIONAL EXPECTATIONS AND OTHER MODELS OF THE BUSINESS CYCLE MICROECONOMICS CONSUMER AND COSTELASTICITY THE THEORY OF DEMAND COST AND OUTPUT MICROECONOMICS COMPETITION AND MONOPOLYCOMPETITIVE SUPPLY MARKETS COMPETITION AND GROWTH MONOPOLIES BETWEEN MONOPOLY AND COMPETITION EFFICIENCY AND REGULATION MICROECONOMICS WHAT PEOPLE EARNFACTOR DEMAND AND PRODUCTIVITY WAGES LABOR MARKETS AND UNIONS RENT INTEREST AND PROFITS MICROECONOMICS GOVERNMENT AND THE ECONOMYPUBLIC CHOICE AND EXTERNALITIES GOVERNMENT SPENDING AND TAXATION INTERNATIONAL TRADEINTERNATIONAL TRADE EXCHANGE RATES AND THE INTERNATIONAL MONETARY SYSTEM APPENDIXGlossaryList of AbbreviationsElements of Accounting The Balance Sheet The Income Statement How to Overstate ProfitSources of Economic DataBusiness Cycle IndicatorsReview and Additional Material The Geometry of Profit Maximizing The Algebra of Income Determination in the Keynesian Model Summary of Macroeconomic ModelsINDEXPaperback 516 pages ISBN 0-8120-1392-1