Economics:
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| Main Authors: | , |
|---|---|
| Format: | Book |
| Language: | English |
| Published: |
New York, NY
Worth
2009
|
| Edition: | 2. ed., 3. print. |
| Subjects: | |
| Online Access: | Inhaltsverzeichnis Inhaltsverzeichnis |
| Item Description: | Previous ed.: New York: Worth, 2006 |
| Physical Description: | XLV, 940, [89] S. zahlr. Ill. u. graph. Darst., Kt. |
| ISBN: | 0716771586 9780716771586 9781429238069 |
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MARC
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Record in the Search Index
| _version_ | 1804142935338385408 |
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| adam_text | SECOND EDITION IMAO PRINCETON UNIVERSITY WORTH PUBLISHERS PART 1 WHAT IS
ECONOMICS? INTRODUCTION THE ORDINARY BUSINESS OF LIFE 1 CHAPTER 1 FIRST
PRINCIPLES 5 CHAPTER 2 ECONOMIC MODELS: TRADE-OFFS AND TRADE 23 GRAPHS
IN ECONOMICS 45 SUPPLY AND DEMAND SUPPLY AND DEMAND 61 CONSUMER AND
PRODUCER SURPLUS 93 THE MARKET STRIKES BACK 117 ELASTICITY 143
INDIVIDUALS AND MARKETS TAXES 167 INTERNATIONAL TRADE 195 ECONOMICS AND
DECISION MAKING MAKING DECISIONS 225 THE CONSUMER THE RATIONAL CONSUMER
249 CONSUMER PREFERENCES AND CONSUMER CHOICE 271 THE PRODUCTION
DECISION BEHIND THE SUPPLY CURVE: INPUTS AND COSTS 303 PERFECT
COMPETITION AND THE SUPPLY CURVE 329 MARKET STRUCTURE: BEYOND PERFECT
COMPETITION MONOPOLY 355 OLIGOPOLY 387 MONOPOLISTIC COMPETITION AND
PRODUCT DIFFERENTIATION 415 MICROECONOMICS AND PUBLIC POLICY
EXTERNALITIES 433 PUBLIC GOODS AND COMMON RESOURCES 459 THE ECONOMICS OF
THE WELFARE STATE 479 PART 9 FACTOR MARKETS AND RISK CHAPTER 20 FACTOR
MARKETS AND THE DISTRIBUTION OF INCOME 509 APPENDIX INDIFFERENCE CURVE
ANALYSIS OF LABOR SUPPLY 537 CHAPTER 21 UNCERTAINTY, RISK, AND PRIVATE
INFORMATION 543 PART 10 INTRODUCTION TO MACROECONOMICS CHAPTER 22
MACROECONOMICS: THE BIG PICTURE 569 CHAPTER 23 TRACKING THE MACROECONOMY
589 CHAPTER 24 UNEMPLOYMENT AND INFLATION 615 PART 11 LONG-RUN ECONOMIC
GROWTH CHAPTER 25 LONG-RUN ECONOMIC GROWTH 641 CHAPTER 26 SAVINGS,
INVESTMENT SPENDING, AND THE FINANCIAL SYSTEM 673 PART 12 SHORT-RUN
ECONOMIC FLUCTUATIONS CHAPTER 27 INCOME AND EXPENDITURE 703 APPENDIX
DERIVING THE MULTIPLIER ALGEBRAICALLY 730 CHAPTER 28 AGGREGATE DEMAND
AND AGGREGATE SUPPLY 731 PARTLB STABILIZATION POLICY CHAPTER 29 FISCAL
POLICY 767 APPENDIX TAXES AND THE MULTIPLIER 795 CHAPTER 30 MONEY,
BANKING, AND THE FEDERAL RESERVE SYSTEM 797 CHAPTER 31 MONETARY POLICY
831 APPENDIX RECONCILING THE TWO MODELS OF THE INTEREST RATE 855 CHAPTER
32 INFLATION, DISINFLATION, AND DEFLATION 859 PART 14 EVENTS AND IDEAS 1
CHAPTER 33 MACROECONOMICS: EVENTS AND IDEAS 885 PARTLS THE OPEN ECONOMY
CHAPTER 34 OPEN-ECONOMY MACROECONOMICS 909 SOLUTIONS TO CHECK YOUR
UNDERSTANDING QUESTIONS S-L GLOSSARY G-I INDEX L-I IX SECOND EDITION S
PAUL KRUGMAN I ROBIN WELLS PRINCETON UNIVERSITY 3 P WORTH PUBLISHERS
,».IL NI ,.: ;N WHAT IS ECONOMICS? INTRODUCTION THE ORDINARY BUSINESS OF
LIFE 1 CHAPTER 1 FIRST PRINCIPLES 5 CHAPTER 2 ECONOMIC MODELS:
TRADE-OFFS AND TRADE 23 GRAPHS IN ECONOMICS 45 SUPPLY AND DEMAND SUPPLY
AND DEMAND 61 CONSUMER AND PRODUCER SURPLUS 93 THE MARKET STRIKES BACK
117 ELASTICITY 143 INDIVIDUALS AND MARKETS TAXES 167 INTERNATIONAL TRADE
195 ECONOMICS AND DECISION MAKING MAKING DECISIONS 225 THE CONSUMER THE
RATIONAL CONSUMER 249 CONSUMER PREFERENCES AND CONSUMER CHOICE 271 THE
PRODUCTION DECISION BEHIND THE SUPPLY CURVE: INPUTS AND COSTS 303
PERFECT COMPETITION AND THE SUPPLY CURVE 329 MARKET STRUCTURE: BEYOND
PERFECT COMPETITION MONOPOLY 355 OLIGOPOLY 387 MONOPOLISTIC COMPETITION
AND PRODUCT DIFFERENTIATION 415 MICROECONOMICS AND PUBLIC POLICY
EXTERNALITIES 433 PUBLIC GOODS AND COMMON RESOURCES 459 THE ECONOMICS OF
THE WELFARE STATE 479 PART 9 FACTOR MARKETS AND RISK CHAPTER 20 FACTOR
MARKETS AND THE DISTRIBUTION OF INCOME 509 APPENDIX INDIFFERENCE CURVE
ANALYSIS OF LABOR SUPPLY 537 CHAPTER 21 UNCERTAINTY, RISK, AND PRIVATE
INFORMATION 543 PART 10 INTRODUCTION TO MACROECONOMICS CHAPTER 22
MACROECONOMICS: THE BIG PICTURE 569 CHAPTER 23 TRACKING THE MACROECONOMY
589 CHAPTER 24 UNEMPLOYMENT AND INFLATION 615 PART 11 LONG-RUN ECONOMIC
GROWTH CHAPTER 25 LONG-RUN ECONOMIC GROWTH 641 CHAPTER 26 SAVINGS,
INVESTMENT SPENDING, AND THE FINANCIAL SYSTEM 673 PART 12 SHORT-RUN
ECONOMIC FLUCTUATIONS CHAPTER 27 INCOME AND EXPENDITURE 703 APPENDIX
DERIVING THE MULTIPLIER ALGEBRAICALLY 730 CHAPTER 28 AGGREGATE DEMAND
AND AGGREGATE SUPPLY 731 PART 13 STABILIZATION POLICY CHAPTER 29 FISCAL
POLICY 767 APPENDIX TAXES AND THE MULTIPLIER 795 CHAPTER 30 MONEY,
BANKING, AND THE FEDERAL RESERVE SYSTEM 797 CHAPTER 31 MONETARY POLICY
831 APPENDIX RECONCILING THE TWO MODELS OF THE INTEREST RATE 855 CHAPTER
32 INFLATION, DISINFLATION, AND DEFLATION 859 PART 14 EVENTS AND IDEAS
CHAPTER 33 MACROECONOMICS: EVENTS AND IDEAS 885 PART 15 THE OPEN ECONOMY
CHAPTER 34 OPEN-ECONOMY MACROECONOMICS 909 SOLUTIONS TO CHECK YOUR
UNDERSTANDING QUESTIONS S-I GLOSSARY G-I INDEX L-I IX L» CHAPTER 1
PREFACE ................................XXV PART 1 WHAT IS ECONOMICS?
INTRODUCTION THE ORDINARY BUSINESS OF LIFE......................1 ANY
GIVEN SUNDAY 1 THE INVISIBLE HAND 2 MY BENEFIT, YOUR COST 3 GOOD TIMES,
BAD TIMES 3 ONWARD AND UPWARD 4 AN ENGINE FOR DISCOVERY 4 FIRST
PRINCIPLES .............5 COMMON GROUND 5 INDIVIDUAL CHOICE: THE CORE OF
ECONOMICS 6 RESOURCES ARE SCARCE 6 THE REAL COST OF SOMETHING IS WHAT
YOU MUST GIVE UP TO GET IT 7 FOR INQUIRING MINDS: GOT A PENNY? 8 HOW
MUCH? IS A DECISION AT THE MARGIN 8 PEOPLE USUALLY EXPLOIT
OPPORTUNITIES TO MAKE THEMSELVES BETTER OFF 9 FOR INQUIRING MINDS: PAY
FOR GRADES? 10 INDIVIDUAL CHOICE: SUMMING IT UP 10 ECONOMICS CHAPTER
5L THE GAINS FROM TRADE 105 THE EFFICIENCY OF MARKETS 106 EQUITY AND
EFFICIENCY 109 ECONOMICS JN ACTION: EBAY AND EFFICIENCY 110 A MARKET
ECONOMY 110 WHY MARKETS TYPICALLY WORK SO WELL 111 A FEW WORDS OF
CAUTION 112 ECMQMICS.IN ACTION: A GREAT LEAPBACKWARD 112 A LOOK AHEAD
113 | THE MARKET STRIKES BACK .. 117 BIG CITY, NOT-SO-BRIGHT IDEAS 117
WHY GOVERNMENTS CONTROL PRICES 118 PRICE CEILINGS 118 MODELING A PRICE
CEILING 119 HOW A PRICE CEILING CAUSES INEFFICIENCY 120 FOR INQUIRING
MINDS: WINNERS, LOSERS, AND RENT CONTROL 122 FOR INQUIRING MINDS: RENT
CONTROL, MUMBAI STYLE 124 SO WHY ARE THERE PRICE CEILINGS? 125 ECONOMICS
JN ACTION: HARD SHOPPING IN CARACAS 126 PRICE FLOORS 127 FOR INQUIRING
MINDS: PRICE FLOORS AND SCHOOL LUNCHES 129 HOW A PRICE FLOOR CAUSES
INEFFICIENCY 129 PITFALLS: CEILINGS, FLOORS, AND QUANTITIES 129 SO WHY
ARE THERE PRICE FLOORS? 131 GLOBAL COMPARISON: CHECK OUT OUR LOW, LOW
WAGES! 131 ECONOMICS INACTION: BLACK LABOR IN SOUTHERN EUROPE 132
CONTROLLING QUANTITIES 133 THE ANATOMY OF QUANTITY CONTROLS 134 THE
COSTS OF QUANTITY CONTROLS 136 ECONOMICS INACTION: THE CLAMS OF NEW
JERSEY 137 A LOOK AHEAD 138 ELASTICITY.................143 MORE PRECIOUS
THAN A FLU SHOT 143 DEFINING AND MEASURING ELASTICITY 144 CALCULATING
THE PRICE ELASTICITY OF DEMAND 144 AN ALTERNATIVE WAY TO CALCULATE
ELASTICITIES: THE MIDPOINT METHOD 146 ECQNQMICS FACTION.. ESTIMATING
ELASTICITIES 147 INTERPRETING THE PRICE ELASTICITY OF DEMAND 148 HOW
ELASTIC IS ELASTIC? 148 PRICE ELASTICITY ALONG THE DEMAND CURVE 152 WHAT
FACTORS DETERMINE THE PRICE ELASTICITY OF DEMAND? 153 » CHAPTER 6 XII ?
? CHAPTER 7 EC0MM1W.N ACTJQN: RESPONDING TO YOUR TUITION BILL 154 OTHER
DEMAND ELASTICITIES 155 THE CROSS-PRICE ELASTICITY OF DEMAND 155 THE
INCOME ELASTICITY OF DEMAND 156 FOR INQUIRING MINDS: WHERE HAVE ALL THE
FARMERS GONE? 157 GLOBAL COMPARISON: FOOD S BITE IN WORLD BUDGETS 157
ECONOMCS INACTION: SPENDING IT 158 THE PRICE ELASTICITY OF SUPPLY 158
MEASURING THE PRICE ELASTICITY OF SUPPLY 159 WHAT FACTORS DETERMINE THE
PRICE ELASTICITY OF SUPPLY? 160 ^MQMCSMACTIQN: EUROPEAN FARM SURPLUSES
161 AN ELASTICITY MENAGERIE 161 A LOOK AHEAD 162 PART 3 INDIVIDUALS AND
MARKETS JTAXES.....................167 A TAX RIOT 167 THE ECONOMICS OF
TAXES: A PRELIMINARY VIEW 168 THE EFFECT OF AN EXCISE TAX ON QUANTITIES
AND PRICES 168 PRICE ELASTICITIES AND TAX INCIDENCE 171
ECONOMICSJNACTION: WHO PAYS THE FICA? 173 THE BENEFITS AND COSTS OF
TAXATION 174 THE REVENUE FROM AN EXCISE TAX 174 TAX RATES AND REVENUE
175 FOR INQUIRING MINDS: THE LAFFER CURVE 177 THE COSTS OF TAXATION 178
ELASTICITIES AND THE DEADWEIGHT LOSS OF A TAX 180 ECQMM.I.CSJN ACTION:
TAXING THE MARLBORO MAN 182 TAX FAIRNESS AND TAX EFFICIENCY 183 TWO
PRINCIPLES OF TAX FAIRNESS 183 EQUITY VERSUS EFFICIENCY 184 FOR
INQUIRING MINDS: KILLING THE LAWYERS 184 ECONOMICSJN ACTION: FEDERAL TAX
PHILOSOPHY 185 UNDERSTANDING THE TAX SYSTEM 186 TAX BASES AND TAX
STRUCTURE 186 EQUITY, EFFICIENCY, AND PROGRESSIVE TAXATION 187 TAXES IN
THE UNITED STATES 188 GLOBAL COMPARISON: YOU THINK YOU PAY HIGH TAXES?
189 DIFFERENT TAXES, DIFFERENT PRINCIPLES 189 FOR INQUIRING MINDS:
TAXING INCOME VERSUS TAXING CONSUMPTION 189 ECONOMICSUH[ACTION: THE TOP
MARGINAL INCOME TAX RATE 190 A LOOK AHEAD 191 *- CHARLTII 8
INTERNATIONAL TRADE .......195 A SEAFOOD FIGHT 195 COMPARATIVE ADVANTAGE
AND INTERNATIONAL TRADE 196 PRODUCTION POSSIBILITIES AND COMPARATIVE
ADVANTAGE, REVISITED 196 THE GAINS FROM INTERNATIONAL TRADE 199
COMPARATIVE ADVANTAGE VERSUS ABSOLUTE ADVANTAGE 200 GLOBAL COMPARISON:
PRODUCTIVITY AND WAGES AROUND THE WORLD 202 SOURCES OF COMPARATIVE
ADVANTAGE 202 FOR INQUIRING MINDS: INCREASING RETURNS TO SCALE AND
INTERNATIONAL TRADE 204 ECONOMICS IN ACTION: SKILL AND COMPARATIVE
ADVANTAGE 204 SUPPLY, DEMAND, AND INTERNATIONAL TRADE 205 THE EFFECTS OF
IMPORTS 206 THE EFFECTS OF EXPORTS 208 INTERNATIONAL TRADE AND WAGES 209
ECONOMICSJNACTION: TRADE, WAGES, AND LAND PRICES IN THE NINETEENTH
CENTURY 211 THE EFFECTS OF TRADE PROTECTION 211 THE EFFECTS OF A TARIFF
212 THE EFFECTS OF AN IMPORT QUOTA 214 ECONOMICSJNACTION: TRADE
PROTECTION IN THE UNITED STATES 214 THE POLITICAL ECONOMY OF TRADE
PROTECTION 215 ARGUMENTS FOR TRADE PROTECTION 215 * THE POLITICS OF
TRADE PROTECTION 216 INTERNATIONAL TRADE AGREEMENTS AND THE WORLD TRADE
ORGANIZATION 216 FOR INQUIRING MINDS: CHINESE PANTS EXPLOSION 217 OUB
NEW CHALLENGES TO GLOBALIZATION 218 I ECONOW.CSJN ACTION: THE DOHA
DEADLOCK 219 ) A LOOK AHEAD 220 PART 4 ECONOMICS AND DECISION MAKING ?
CHAPTER 9 | MAKING DECISIONS...... A TALE OF TWO INVASIONS 225
OPPORTUNITY COST AND DECISIONS 226 EXPLICIT VERSUS IMPLICIT COSTS 226
FOR INQUIRING MINDS: FAMOUS COLLEGE DROPOUTS 227 ACCOUNTING PROFIT
VERSUS ECONOMIC PROFIT 227 ECONOMICS JNACTION: FARMING IN THE SHADOW OF
SUBURBIA 229 225 XNI CHAPTER 10 MAKING HOW MUCH DECISIONS: THE ROLE OF
MARGINAL ANALYSIS 230 MARGINAL COST 230 PITFALLS: TOTAL COST VERSUS
MARGINAL COST 232 MARGINAL BENEFIT 232 MARGINAL ANALYSIS 233 GLOBAL
COMPARISON: PORTION SIZES 236 PITFALLS: MUDDLED AT THE MARGIN 236 A
PRINCIPLE WITH MANY USES 236 ECONOMICS JNACTION: THE COST OF A LIFE 237
SUNK COSTS 238 ECONOMICS INACTION: A BILLION HERE, A BILLION THERE
...238 THE CONCEPT OF PRESENT VALUE 239 BORROWING, LENDING, AND INTEREST
239 DEFINING PRESENT VALUE 240 USING PRESENT VALUE 242 ECONOMICS IN
ACTION: HOW BIG IS THAT JACKPOT, ANYWAY? 243 A LOOK AHEAD 244 PART 5 THE
CONSUMER | THE RATIONAL CONSUMER .. 249 A CLAW TOO FAR 249 UTILITY:
GETTING SATISFACTION 250 UTILITY AND CONSUMPTION 250 THE PRINCIPLE OF
DIMINISHING MARGINAL UTILITY 251 FOR INQUIRING MINDS: 7S MARGINAL
UTILITY REALLY DIMINISHING? 252 ECONOMICS[INACTION: OYSTERS VERSUS
CHICKEN 252 BUDGETS AND OPTIMAL CONSUMPTION 253 BUDGET CONSTRAINTS AND
BUDGET LINES 253 OPTIMAL CONSUMPTION CHOICE 255 FOR INQUIRING MINDS:
FOOD FOR THOUGHT ON BUDGET CONSTRAINTS 256 ECONOMICS JNACTION: THE
CONSUMPTION POSSIBILITIES OF AMERICAN WORKERS, 1895-2000 257 SPENDING
THE MARGINAL DOLLAR 258 PITFALLS: THE RIGHT MARGINAL COMPARISON 259
MARGINAL UTILITY PER DOLLAR 259 OPTIMAL CONSUMPTION 260 FOR INQUIRING
MINDS: BUT ARE CONSUMERS REALLY RATIONAL? 262 ECONOMICS IN ACTION:
BUYING YOUR WAY OUT OF TEMPTATION 262 FROM UTILITY TO THE DEMAND CURVE
263 MARGINAL UTILITY, THE SUBSTITUTION EFFECT, AND THE LAW OF DEMAND 263
CHAPTER 11 THE INCOME EFFECT 264 FOR INQUIRING MINDS: GIFFIN GOODS 265
ECONOMICS IN ACTION: MORTGAGE RATES AND CONSUMER DEMAND 265 A LOOK AHEAD
266 CONSUMER PREFERENCES AND CONSUMER CHOICE........271 A TALE OF TWO
CITIES 271 MAPPING THE UTILITY FUNCTION 272 INDIFFERENCE CURVES 272 FOR
INQUIRING MINDS: ARE UTILS USEFUL? 275 PROPERTIES OF INDIFFERENCE CURVES
275 1 INDIFFERENCE CURVES AND CONSUMER CHOICE 277 THE MARGINAL RATE OF
SUBSTITUTION 277 THE TANGENCY CONDITION 280 THE SLOPE OF THE BUDGET LINE
281 PRICES AND THE MARGINAL RATE OF SUBSTITUTION 283 PREFERENCES AND
CHOICES 284 ECONOMICS IN ACTION: RATS AND RATIONAL CHOICE 285 USING
INDIFFERENCE CURVES: SUBSTITUTES AND COMPLEMENTS 286 PERFECT SUBSTITUTES
287 PERFECT COMPLEMENTS 288 LESS EXTREME CASES 289 ECONOMICS JNACTION:
PUBLICITY OR PIRACY? 290 PRICES, INCOME, AND DEMAND 290 THE EFFECTS OF A
PRICE INCREASE 291 PITFALLS: OTHER THINGS EQUAL, REVISITED 291 INCOME
AND CONSUMPTION 292 INCOME AND SUBSTITUTION EFFECTS 295 ECONOMICS IN
ACTION: HOW MUCH HOUSING? 297 A LOOK AHEAD 298 PART 6 THE PRODUCTION
DECISION » CHAPTER 12 IHIND THE SUPPLY CURVE: INPUTS AND
COSTS.........303 THE FARMER S MARGIN 303 THE PRODUCTION FUNCTION 304
INPUTS AND OUTPUT 304 GLOBAL COMPARISON: WHEAT YIELDS AROUND THE WORLD
306 PITFALLS: WHAT S A UNIT? 307 FOR INQUIRING MINDS: WAS MALTHUS RIGHT?
308 FROM THE PRODUCTION FUNCTION TO COST CURVES 309 XIV - CHAPTER 13
ECONOMICS JNACTION: THE MYTHICAL MAN-MONTH 310 TWO KEY CONCEPTS:
MARGINAL COST AND AVERAGE COST 312 MARGINAL COST 312 AVERAGE COST 314
MINIMUM AVERAGE TOTAL COST 316 DOES THE MARGINAL COST CURVE ALWAYS SLOPE
UPWARD? 317 ECONOMICS JNACTION: DON T PUT OUT THE WELCOME MAT 318
SHORT-RUN VERSUS LONG-RUN COSTS 319 RETURNS TO SCALE 322 SUMMING UP
COSTS: THE SHORT AND LONG OF IT 323 TCOW.M!.CS[INACTION: THERE S NO
BUSINESS LIKE SNOW BUSINESS 324 A LOOK AHEAD 324 PERFECT COMPETITION AND
THE SUPPLY CURVE............329 DOING WHAT COMES NATURALLY 329 PERFECT
COMPETITION 330 DEFINING PERFECT COMPETITION 330 TWO NECESSARY
CONDITIONS FOR PERFECT COMPETITION 331 FREE ENTRY AND EXIT 331 FOR
INQUIRING MINDS: WHAT S A STANDARDIZED PRODUCT? 332 ECONOMICS IN[ACTION:
THE PAIN OF COMPETITION 332 PRODUCTION AND PROFITS 333 USING MARGINAL
ANALYSIS TO CHOOSE THE PROFIT-MAXIMIZING QUANTITY OF OUTPUT 334
PITFALLS: WHAT IF MARGINAL REVENUE AND MARGINAL COST AREN T EXACTLY
EQUAL? 335 WHEN IS PRODUCTION PROFITABLE? 336 PITFALLS: ECONOMIC PROFIT,
AGAIN 342 THE SHORT-RUN PRODUCTION DECISION 340 CHANGING FIXED COST 342
SUMMING UP: THE PERFECTLY COMPETITIVE FIRM S PROFITABILITY AND
PRODUCTION CONDITIONS 343 ECONQMCSJN ACTION: PRICES ARE UP... BUT SO ARE
COSTS 344 THE INDUSTRY SUPPLY CURVE 344 THE SHORT-RUN INDUSTRY SUPPLY
CURVE 345 THE LONG-RUN INDUSTRY SUPPLY CURVE 346 THE COST OF PRODUCTION
AND EFFICIENCY IN LONG-RUN EQUILIBRIUM 349 ECONOMICS IN ACTION: A
CRUSHING REVERSAL 350 A LOOK AHEAD 351 PART 7 MARKET STRUCTURE: BEYOND
PERFECT COMPETITION EVERYBODY MUST GET STONES 355 TYPES OF MARKET
STRUCTURE 356 THE MEANING OF MONOPOLY 357 MONOPOLY: OUR FIRST DEPARTURE
FROM PERFECT COMPETITION 357 WHAT MONOPOLISTS DO 358 WHY DO MONOPOLIES
EXIST? 359 GLOBAL COMPARISON: THE PRICE WE PAY 361 ECONOMICS JNACTION:
LOW SUPPLY AND SOARING DEMAND: A DIAMOND PRODUCER S BEST FRIEND 362 HOW
A MONOPOLIST MAXIMIZES PROFIT 363 THE MONOPOLIST S DEMAND CURVE AND
MARGINAL REVENUE 363 THE MONOPOLIST S PROFIT-MAXIMIZING OUTPUT AND PRICE
366 PITFALLS: FINDING THE MONOPOLY PRICE 367 MONOPOLY VERSUS PERFECT
COMPETITION 367 PITFALLS: 7S THERE A MONOPOLY SUPPLY CURVE? 368 FOR
INQUIRING MINDS: MONOPOLY BEHAVIOR AND THE PRICE ELASTICITY OF DEMAND
368 MONOPOLY: THE GENERAL PICTURE 369 ECONOMICS IN ACTION: CALIFORNIA
POWER PLAY 369 MONOPOLY AND PUBLIC POLICY 370 WELFARE EFFECTS OF
MONOPOLY 371 PREVENTING MONOPOLY 372 DEALING WITH NATURAL MONOPOLY 372
ECONOMICS IN ACTION: CABLE DILEMMAS 375 PRICE DISCRIMINATION 376 THE
LOGIC OF PRICE DISCRIMINATION 376 PRICE DISCRIMINATION AND ELASTICITY
378 PERFECT PRICE DISCRIMINATION 378 ECONOMICS JNACTION: SALES, FACTORY
OUTLETS, AND GHOST CITIES 381 A LOOK AHEAD 382 IGOPOLY
...............387 CAUGHT IN THE ACT 387 THE PREVALENCE OF OLIGOPOLY 388
ECONOMICS JNACTION: IS IT AN OLIGOPOLY OR NOT? 389 UNDERSTANDING
OLIGOPOLY 390 A DUOPOLY EXAMPLE 390 COLLUSION AND COMPETITION 391 GLOBAL
COMPARISON: EUROPE LEVELS THE PLAYING FIELD FOR COKE AND PEPSI 393
CHAPTER 15L1 XV HAPTER 16 COMPETING IN PRICES VERSUS COMPETING IN
QUANTITIES 393 ECONOMICS IN ACTION: THE GREAT VITAMIN CONSPIRACY 395
GAMES OLIGOPOLISTS PLAY 396 THE PRISONERS DILEMMA 396 PITFALLS: PLAYING
FAIR IN THE PRISONERS DILEMMA 398 OVERCOMING THE PRISONERS DILEMMA:
REPEATED INTERACTION AND TACIT COLLUSION 398 FOR INQUIRING MINDS:
PRISONERS OF THE ARMS RACE 400 THE KINKED DEMAND CURVE 401 ECONOMICS
JNACTION: THE RISE AND FALL AND RISE OF OPEC 402 OLIGOPOLY IN PRACTICE
404 THE LEGAL FRAMEWORK 404 TACIT COLLUSION AND PRICE WARS 405 FOR
INQUIRING MINDS: THE ART OF CONSPIRACY 407 PRODUCT DIFFERENTIATION AND
PRICE LEADERSHIP 407 ECONOMICS JNACTION: THE PRICE WARS OF CHRISTMAS 408
HOW IMPORTANT IS OLIGOPOLY? 409 A LOOK AHEAD 410 MONOPOLISTIC
COMPETITION AND PRODUCT DIFFERENTIATION ..415 FAST-FOOD DIFFERENTIATION
415 THE MEANING OF MONOPOLISTIC COMPETITION 416 LARGE NUMBERS 416
DIFFERENTIATED PRODUCTS 416 FREE ENTRY AND EXIT IN THE LONG RUN 417
PRODUCT DIFFERENTIATION 417 DIFFERENTIATION BY STYLE OR TYPE 417
DIFFERENTIATION BY LOCATION 418 DIFFERENTIATION BY QUALITY 418 FOR
INQUIRING MINDS: CAN T BUY LOVE 418 ECONOMICS IN ACTION- ANY COLOR, SO
LONG AS IT S BLACK 419 UNDERSTANDING MONOPOLISTIC COMPETITION 420
MONOPOLISTIC COMPETITION IN THE SHORT RUN 420 MONOPOLISTIC COMPETITION
IN THE LONG RUN 422 FOR INQUIRING MINDS: HITS AND FLOPS 423 ECONOMICS IN
ACTION: THE LAST STAND OF THE 6-PERCENTERS? 424 MONOPOLISTIC COMPETITION
VERSUS PERFECT COMPETITION 425 PRICE, MARGINAL COST, AND AVERAGE TOTAL
COST 425 IS MONOPOLISTIC COMPETITION INEFFICIENT? 426 CONTROVERSIES
ABOUT PRODUCT DIFFERENTIATION 427 XVI » CHAPTER 17 THE ROLE OF
ADVERTISING 427 BRAND NAMES 428 ECONOMICS IN ACTION: ABSOLUT
IRRATIONALITY 429 A LOOK AHEAD 430 PART 8 MICROECONOMICS AND PUBLIC
POLICY | EXTERNALITIES.............433 WHO LL STOP THE RAIN? 433 THE
ECONOMICS OF POLLUTION 434 COSTS AND BENEFITS OF POLLUTION 435 PITFALLS:
SO HOW DO YOU MEASURE THE MARGINAL SOCIAL COST OF POLLUTION? 435
PITFALLS: SO HOW DO YOU MEASURE THE MARGINAL SOCIAL BENEFIT OF
POLLUTION? 436 POLLUTION: AN EXTERNAL COST 436 FOR INQUIRING MINDS:
TALKING AND DRIVING 437 THE INEFFICIENCY OF EXCESS POLLUTION 437 PRIVATE
SOLUTIONS TO EXTERNALITIES 438 ECONOMICSJNACTIQN: THANK YOU FOR NOT
SMOKING 439 POLICIES TOWARD POLLUTION 440 ENVIRONMENTAL STANDARDS 440
GLOBAL COMPARISON: ECONOMIC GROWTH AND GREENHOUSE GASES IN FIVE
COUNTRIES 441 EMISSIONS TAXES 442 TRADABLE EMISSIONS PERMITS 444
ECONOMICS JNACTION: CAP AND TRADE 445 PRODUCTION, CONSUMPTION, AND
EXTERNALITIES 446 PRIVATE VERSUS SOCIAL BENEFITS 446 PRIVATE VERSUS
SOCIAL COSTS 449 ECONOMICSJN ACTION: THE IMPECCABLE ECONOMIC LOGIC OF
EARLY CHILDHOOD INTERVENTION PROGRAMS 450 NETWORK EXTERNALITIES 451
TYPES OF NETWORK EXTERNALITY 451 ECONOMICS IN ACTION: THE MICROSOFT CASE
453 A LOOK AHEAD 454 PUBLIC GOODS AND COMMON RESOURCES...............459
THE GREAT STINK 459 PRIVATE GOODSAND OTHERS 460 CHARACTERISTICS OF
GOODS 460 WHY MARKETS CAN SUPPLY ONLY PRIVATE GOODS EFFICIENTLY 461
PITFALLS: MARGINAL COST OF WHAT EXACTLY? 462 ECONOMICS INACTION: A
POLICEMAN S LOT 463 PUBLIC GOODS 463 PROVIDING PUBLIC GOODS 463 HOW MUCH
OF A PUBLIC GOOD SHOULD BE PROVIDED? 464 » CHAPTER 18 ? CHAPTER 19 FOR
INQUIRING MINDS: VOTING AS A PUBLIC GOOD 467 GLOBAL COMPARISON: VOTING
AS A PUBLIC GOOD: THE GLOBAL PERSPECTIVE 467 COST-BENEFIT ANALYSIS 468
ECONOMICS; /AI ACTION: OLD MAN RIVER 468 COMMON RESOURCES 469 THE
PROBLEM OF OVERUSE 470 FOR INQUIRING MINDS: A WATER FIGHT IN MAINE 471
THE EFFICIENT USE AND MAINTENANCE OF A COMMON RESOURCE 471 ECONOMICS IN
ACTION: A TALE OF TWO FISHERIES 472 ARTIFICIALLY SCARCE GOODS 473
ECONOMICS IN ACTION: BLACKED-OUT GAMES 474 A LOOK AHEAD 475 THE
ECONOMICS OF THE WELFARE STATE............479 INSURING CHILDREN S HEALTH
479 POVERTY, INEQUALITY, AND PUBLIC POLICY 480 THE LOGIC OF THE WELFARE
STATE 480 FOR INQUIRING MINDS: JUSTICE AND THE WELFARE STATE 481 THE
PROBLEM OF POVERTY 481 FOR INQUIRING MINDS: DEFINING POVERTY 482 GLOBAL
COMPARISON: POOR PEOPLE IN RICH COUNTRIES 483 ECONOMIC INEQUALITY 484
ECONOMIC INSECURITY 487 ECONOMICSJT I ACTION: LONG-TERM TRENDS IN INCOME
INEQUALITY IN THE UNITED STATES 487 THE U.S. WELFARE STATE 490
MEANS-TESTED PROGRAMS 490 SOCIAL SECURITY AND UNEMPLOYMENT INSURANCE 491
THE EFFECTS OF THE WELFARE STATE ON POVERTY AND INEQUALITY 491 ECONOMICS
JNACTION: BRITAIN S WAR ON POVERTY 492 THE ECONOMICS OF HEALTH CARE 493
THE NEED FOR HEALTH INSURANCE 494 FOR INQUIRING MINDS: A CALIFORNIA
DEATH SPIRAL 495 GOVERNMENT HEALTH INSURANCE 496 THE PROBLEM OF THE
UNINSURED 496 HEALTH CARE IN OTHER COUNTRIES 498 THE HEALTH CARE CRISIS
AND PROPOSALS FOR REFORM 499 ECONOMICS[IN ACTION: THE TROUBLE WITH
MEDICAL PROGRESS 501 THE DEBATE OVER THE WELFARE STATE 502 PROBLEMS WITH
THE WELFARE STATE 502 THE POLITICS OF THE WELFARE STATE 503 ECONOMICS
INACTION: FRENCH FAMILY VALUES 504 A LOOK AHEAD 505 » CHAPTER 20 509
PART 9 FACTOR MARKETS AND RISK [ FACTOR MARKETS AND THE DISTRIBUTION OF
INCOME THE VALUE OF A DEGREE 509 THE ECONOMY S FACTORS OF PRODUCTION 510
THE FACTORS OF PRODUCTION 510 WHY FACTOR PRICES MATTER: THE ALLOCATION
OF RESOURCES 510 PITFALLS: WHAT IS A FACTOR, ANYWAY? 510 FACTOR INCOMES
AND THE DISTRIBUTION OF INCOME 511 FOR INQUIRING MINDS: THE FACTOR
DISTRIBUTION OF INCOME AND SOCIAL CHANGE IN THE INDUSTRIAL REVOLUTION
511 ECONOMICS JN ACTION: THE FACTOR DISTRIBUTION OF INCOME IN THE UNITED
STATES 512 MARGINAL PRODUCTIVITY AND FACTOR DEMAND 513 VALUE OF THE
MARGINAL PRODUCT 513 VALUE OF THE MARGINAL PRODUCT AND FACTOR DEMAND 515
SHIFTS OF THE FACTOR DEMAND CURVE 516 THE MARGINAL PRODUCTIVITY THEORY
OF INCOME DISTRIBUTION 518 THE MARKETS FOR LAND AND CAPITAL 519
PITFALLS: GETTING MARGINAL PRODUCTIVITY RIGHT 521 ECONOMICS JNACTION:
HELP WANTED! 522 IS THE MARGINAL PRODUCTIVITY THEORY OF INCOME
DISTRIBUTION REALLY TRUE? 522 WAGE DISPARITIES IN PRACTICE 523 MARGINAL
PRODUCTIVITY AND WAGE INEQUALITY 524 ..... MARKET POWER 525 EFFICIENCY
WAGES 526 I J DISCRIMINATION 526 SO DOES MARGINAL PRODUCTIVITY THEORY
WORK? 527 ECONOMICS JNACTION: THE ECONOMICS OF APARTHEID 527 , THE
SUPPLY OF LABOR 528 ( WORK VERSUS LEISURE 528 WAGES AND LABOR SUPPLY 529
FOR INQUIRING MINDS: WHY YOU CAN T FIND A CAB WHEN IT S RAINING 531
SHIFTS OF THE LABOR SUPPLY CURVE 531 GLOBAL COMPARISON: THE OVERWORKED
AMERICAN? 532 ECONOMICS IN ACTION: THE DECLINE OF THE SUMMER JOB 532 A
LOOK AHEAD 533 CHAPTER 20 APPENDIX INDIFFERENCE CURVE ANALYSIS OF
LABOR SUPPLY............537 THE TIME ALLOCATION BUDGET LINE 537 THE
EFFECT OF A HIGHER WAGE RATE 538 INDIFFERENCE CURVE ANALYSIS 540 XVII
»CHAPTER 21 UNCERTAINTY, RISK, AND PRIVATE INFORMATION .............543
THE YEAR OF THE HURRICANE 543 THE ECONOMICS OF RISK AVERSION 544
EXPECTATIONS AND UNCERTAINTY 544 THE LOGIC OF RISK AVERSION 545 FOR
INQUIRING MINDS: THE PARADOX OF GAMBLING 550 PITFALLS: BEFORE THE FACT
VERSUS AFTER THE FACT 550 PAYING TO AVOID RISK 550 ECONOMICS IN ACTION:
WARRANTIES 551 BUYING, SELLING, AND REDUCING RISK 551 TRADING RISK 552
MAKING RISK DISAPPEAR: THE POWER OF DIVERSIFICATION 554 FOR INQUIRING
MINDS: THOSE PESKY EMOTIONS 557 THE LIMITS OF DIVERSIFICATION 557
ECONOMICS IN ACTION: WHEN LLOYD S ALMOST HOST IT 558 PRIVATE
INFORMATION: WHAT YOU DON T KNOW CAN HURT YOU 559 ADVERSE SELECTION: THE
ECONOMICS OF LEMONS 559 MORAL HAZARD 561 ECONOMICS IN ACTION: FRANCHISE
OWNERS TRY HARDER 562 A LOOK AHEAD 563 PART 10 INTRODUCTION TO
MACROECONOMICS MACROECONOMICS: THE BIG PICTURE..........569 HOOVERVILLES
569 THE NATURE OF MACROECONOMICS 570 MACROECONOMIC QUESTIONS 570 CHAPTER
22I MACROECONOMICS: THE WHOLE IS GREATER THAN THE SUM OF ITS PARTS 571
MACROECONOMICS: THEORY AND POLICY 572 ECONOMICS IN ACTION: WHY GEORGE W.
BUSH WASN T HERBERT HOOVER 572 THE BUSINESS CYCLE 574 CHARTING THE
BUSINESS CYCLE 575 FOR INQUIRING MINDS: DEFINING RECESSIONS AND
EXPANSIONS 576 THE PAIN OF RECESSION 576 TAMING THE BUSINESS CYCLE 577
GLOBAL COMPARISON: INTERNATIONAL BUSINESS CYCLES 577 ECONOMICS IN
ACTION: COMPARING RECESSIONS 578 LONG-RUN ECONOMIC GROWTH 578 FOR
INQUIRING MINDS: WHEN DID LONG-RUN GROWTH START? 580 ECONOMICS JNACTION:
A TALE OF TWO COLONIES 581 INFLATION AND DEFLATION 581 THE CAUSES OF
INFLATION AND DEFLATION 582 THE PAIN OF INFLATION AND DEFLATION 582
ECONOMICS INACTION: A FAST (FOOD) MEASURE OF INFLATION 582 INTERNATIONAL
IMBALANCES 583 ECONOMICS JNACTION: ESTONIA S MIRACULOUS DEFICIT 584 A
LOOK AHEAD 584 ? ? CHAPTER 23 TRACKING THE MACROECONOMY 589 AFTER THE
REVOLUTION 589 THE NATIONAL ACCOUNTS 590 THE CIRCULAR-FLOW DIAGRAM,
REVISITED AND EXPANDED 590 GROSS DOMESTIC PRODUCT 593 CALCULATING GDP
594 FOR INQUIRING MINDS: OUR IMPUTED LIVES 595 PITFALLS: GDP: WHAT S IN
AND WHAT S OUT 596 FOR INQUIRING MINDS: GROSS WHAT? 598 WHAT GDP TELLS
US 598 ECONOMICS IN ACTION: CREATING THE NATIONAL ACCOUNTS 599 REAL GDP:
A MEASURE OF AGGREGATE OUTPUT 600 CALCULATING REAL GDP 600 WHAT REAL GDP
DOESN T MEASURE 601 GLOBAL COMPARISON: GDP AND THE MEANING OF LIFE 602
ECONOMICS.IN[ACTION: MIRACLE IN VENEZUELA? 603 PRICE INDEXES AND THE
AGGREGATE PRICE LEVEL 603 MARKET BASKETS AND PRICE INDEXES 604 THE
CONSUMER PRICE INDEX 605 OTHER PRICE MEASURES 606 FOR INQUIRING MINDS:
IS THE CPI BIASED? 607 ECONOMICS JNACTION: INDEXING TO THE CPI 608 A
LOOK AHEAD 609 CHAPTER 24 UNEMPLOYMENT AND INFLATION............615
DEFEATED INCUMBENTS 615 THE UNEMPLOYMENT RATE 616 DEFINING AND MEASURING
UNEMPLOYMENT 616 THE SIGNIFICANCE OF THE UNEMPLOYMENT RATE 617 GROWTH
AND UNEMPLOYMENT 619 ECONOMICS JNACTION: ROCKY MOUNTAIN LOW 621 THE
NATURAL RATE OF UNEMPLOYMENT 622 JOB CREATION AND JOB DESTRUCTION 623
FRICTIONAL UNEMPLOYMENT 623 XVIII STRUCTURAL UNEMPLOYMENT 624 THE
NATURAL RATE OF UNEMPLOYMENT 626 GLOBAL COMPARISON: UNEMPLOYMENT AROUND
THE OECD 627 CHANGES IN THE NATURAL RATE OF UNEMPLOYMENT 628 FOR
INQUIRING MINDS: AN UNEMPLOYMENT LOCKDOWN? 629 ECONOMICS IN ACTION;
STRUCTURAL UNEMPLOYMENT IN EASTERN GERMANY 629 INFLATION AND DEFLATION
630 THE LEVEL OF PRICES DOESN T MATTER... 630 ... BUT THE RATE OF CHANGE
OF PRICES DOES 631 WINNERS AND LOSERS FROM INFLATION 633 INFLATION IS
EASY; DISINFLATION IS HARD 634 ECONOMICS IN ACTION: ISRAEL S EXPERIENCE
WITH INFLATION 635 A LOOK AHEAD 636 PART 11 LONG-RUN ECONOMIC GROWTH »
CHAPTER 25 LONG-RUN ECONOMIC GROWTH..................641 TALL TALES 641
COMPARING ECONOMIES ACROSS TIME AND SPACE 642 REAL GDP PER CAPITA 642
PITFALLS: CHANGE IN LEVELS VERSUS RATE OF CHANGE 644 GROWTH RATES 644
ECONOMICS IN ACTION: INDIA TAKES OFF 645 THE SOURCES OF LONG-RUN GROWTH
646 THE CRUCIAL IMPORTANCE OF PRODUCTIVITY 646 EXPLAINING GROWTH IN
PRODUCTIVITY 647 ACCOUNTING FOR GROWTH: THE AGGREGATE PRODUCTION
FUNCTION 647 FOR INQUIRING MINDS: THE WAL-MART EFFECT 649 PITFALLS: IT
MAY BE DIMINISHED . . . BUT IT S STILL POSITIVE 650 WHAT ABOUT NATURAL
RESOURCES? 651 ECONOMICS IN ACTION: THE INFORMATION TECHNOLOGY PARADOX
652 WHY GROWTH RATES DIFFER 654 CAPITAL, TECHNOLOGY, AND GROWTH
DIFFERENCES 654 FOR INQUIRING MINDS: INVENTING R&D 655 GLOBAL
COMPARISON: OLD EUROPE AND NEW TECHNOLOGY 656 THE ROLE OF GOVERNMENT IN
PROMOTING ECONOMIC GROWTH 656 ECONOMICS INACTION: THE BRAZILIAN
BREADBASKET 658 SUCCESS, DISAPPOINTMENT, AND FAILURE 658 EAST ASIA S
MIRACLE 659 LATIN AMERICA S DISAPPOINTMENT 660 AFRICA S TROUBLES 660
CHAPTER 26 ECONOMICS IN ACTION.; ARE ECONOMIES CONVERGING? 661 IS WORLD
GROWTH SUSTAINABLE? 663 NATURAL RESOURCES AND GROWTH, REVISITED 663
ECONOMIC GROWTH AND THE ENVIRONMENT 665 FOR INQUIRING MINDS: COAL
COMFORT ON RESOURCES 665 ECONOMICSJN ACTION: THE COST OF CLIMATE
PROTECTION 667 A LOOK AHEAD 668 SAVINGS, INVESTMENT SPENDING, AND THE
FINANCIAL SYSTEM .................673 A HOLE IN THE GROUND 673 MATCHING
UP SAVINGS AND INVESTMENT SPENDING 674 PITFALLS: INVESTMENT VERSUS
INVESTMENT SPENDING 674 THE SAVINGS-INVESTMENT SPENDING IDENTITY 674
PITFALLS: THE DIFFERENT KINDS OF CAPITAL 676 GLOBAL COMPARISON:
AMERICA S LOW SAVINGS 677 FOR INQUIRING MINDS: WHO ENFORCES THE
ACCOUNTING? 678 THE MARKET FOR LOANABLE FUNDS 678 ECONOMICS JNACTION:
FIFTY YEARS OF U.S. INTEREST RATES 685 THE FINANCIAL SYSTEM 686 THREE
TASKS OF A FINANCIAL SYSTEM 687 TYPES OF FINANCIAL ASSETS 689 FINANCIAL
INTERMEDIARIES 691 ECONOMICS JN[ACTIQN: BANKS AND THE SOUTH KOREAN
MIRACLE 693 FINANCIAL FLUCTUATIONS 693 THE DEMAND FOR STOCKS AND OTHER
ASSETS 693 FOR INQUIRING MINDS: HOW NOW, DOW JONES? 694 ASSET PRICE
EXPECTATIONS 695 ASSET PRICES AND MACROECONOMICS 696 ECONOMICSJN ACTION:
THE GREAT AMERICAN HOUSING BUBBLE 697 A LOOK AHEAD 698 PART 12 SHORT-RUN
ECONOMIC FLUCTUATIONS INCOME AND EXPENDITURE.............703 FROM BOOM
TO BUST 703 THE MULTIPLIER: AN INFORMAL INTRODUCTION 704 ECONOMICS
JNACTION: THE MULTIPLIER AND THE GREAT DEPRESSION 707 CONSUMER SPENDING
707 » CHAPTER 27 R .* CURRENT DISPOSABLE INCOME AND CONSUMER SPENDING
708 SHIFTS OF THE AGGREGATE CONSUMPTION FUNCTION 711 ECONOMICSJNACTIQN:
FAMOUS FIRST FORECASTING FAILURES 712 INVESTMENT SPENDING 714 THE
INTEREST RATE AND INVESTMENT SPENDING 714 EXPECTED FUTURE REAL GDP,
PRODUCTION CAPACITY, AND INVESTMENT SPENDING 715 INVENTORIES AND
UNPLANNED INVESTMENT SPENDING 716 ECONOMICS JN ACTION- INTEREST RATES
AND THE U.S. HOUSING BOOM 717 THE INCOME-EXPENDITURE MODEL 718 PLANNED
AGGREGATE SPENDING AND REAL GDP 719 INCOME-EXPENDITURE EQUILIBRIUM 720
THE MULTIPLIER PROCESS AND INVENTORY ADJUSTMENT 722 ECONOMICS JN
ACTION.. INVENTORIES AND THE END OF A RECESSION 725 A LOOK AHEAD 726
CHAPTER 27 APPENDIX DERIVING THE MULTIPLIER ALGEBRAICALLY .. 730 CHAPTER
28 AGGREGATE DEMAND AND AGGREGATE SUPPLY... 731 SHOCKS TO THE SYSTEM 731
AGGREGATE DEMAND 732 WHY IS THE AGGREGATE DEMAND CURVE DOWNWARD SLOPING?
733 THE AGGREGATE DEMAND CURVE AND THE INCOME- EXPENDITURE MODEL 734
SHIFTS OF THE AGGREGATE DEMAND CURVE 736 PITFALLS: CHANGES IN WEALTH: A
MOVEMENT ALONG VERSUS A SHIFT OF THE AGGREGATE DEMAND CURVE 738
GOVERNMENT POLICIES AND AGGREGATE DEMAND 738 ECONOMICSJNACTIQN: MOVING
ALONG THE AGGREGATE DEMAND CURVE, 1979-1980 739 AGGREGATE SUPPLY 740 THE
SHORT-RUN AGGREGATE SUPPLY CURVE 740 FOR INQUIRING MINDS: WHAT S TRULY
FLEXIBLE, WHAT S TRULY STICKY 742 SHIFTS OF THE SHORT-RUN AGGREGATE
SUPPLY CURVE 743 THE LONG-RUN AGGREGATE SUPPLY CURVE 745 FROM THE SHORT
RUN TO THE LONG RUN 747 PITFALLS: ARE WE THERE YET? WHAT THE LONG RUN
REALLY MEANS 748 ECONOMICS IN ACTION: PRICES AND OUTPUT DURING THE GREAT
DEPRESSION 749 » CHAPTER 29 THE AD-AS MODEL 750 SHORT-RUN MACROECONOMIC
EQUILIBRIUM 750 SHIFTS OF AGGREGATE DEMAND: SHORT-RUN EFFECTS 751 SHIFTS
OF THE SRAS CURVE 752 GLOBAL COMPARISON: THE SUPPLY SHOCK OF 2007-2008
754 LONG-RUN MACROECONOMIC EQUILIBRIUM 754 FOR INQUIRING MINDS: WHERE S
THE DEFLATION? 756 ECONOMICS JN ACTION: SUPPLY SHOCKS VERSUS DEMAND
SHOCKS IN PRACTICE 757 MACROECONOMIC POLICY 759 FOR INQUIRING MINDS:
KEYNES AND THE LONG RUN 759 POLICY IN THE FACE OF DEMAND SHOCKS 759
RESPONDING TO SUPPLY SHOCKS 760 ECONOMICS.JN[ACTION: IS STABILIZATION
POLICY STABILIZING? 761 A LOOK AHEAD 762 PART 13 STABILIZATION POLICY
FISCAL POLICY.............767 JUMPSTARTING THE ECONOMY? 767 FISCAL
POLICY: THE BASICS 768 TAXES, PURCHASES OF GOODS AND SERVICES,
GOVERNMENT TRANSFERS, AND BORROWING 769 THE GOVERNMENT BUDGET AND TOTAL
SPENDING 770 FOR INQUIRING MINDS: INVESTMENT TAX CREDITS 770
EXPANSIONARY AND CONTRACTIONARY FISCAL POLICY 771 A CAUTIONARY NOTE:
LAGS IN FISCAL POLICY 772 ECONOMICS INACTION: EXPANSIONARY FISCAL POLICY
IN JAPAN 773 FISCAL POLICY AND THE MULTIPLIER 774 MULTIPLIER EFFECTS OF
AN INCREASE IN GOVERNMENT PURCHASES OF GOODS AND SERVICES 774 MULTIPLIER
EFFECTS OF CHANGES IN GOVERNMENT TRANSFERS AND TAXES 775 HOW TAXES
AFFECT THE MULTIPLIER 777 ECONOMICS IN ACTION: ABOUT THAT STIMULUS
PACKAGE ... 778 THE BUDGET BALANCE 779 THE BUDGET BALANCE AS A MEASURE
OF FISCAL POLICY 779 THE BUSINESS CYCLE AND THE CYCLICALLY ADJUSTED
BUDGET BALANCE 780 SHOULD THE BUDGET BE BALANCED? 782 ECONOMICS IN
ACTION: STABILITY PACTOR STUPIDITY PACT? 783 LONG-RUN IMPLICATIONS OF
FISCAL POLICY 784 DEFICITS, SURPLUSES, AND DEBT 784 PITFALLS: DEFICITS
VERSUS DEBT 784 XX ?? CHAPTER 30 PROBLEMS POSED BY RISING GOVERNMENT
DEBT 784 GLOBAL COMPARISON: THE AMERICAN WAY OF DEBT 785 DEFICITS AND
DEBT IN PRACTICE 786 FOR INQUIRING MINDS: WHAT HAPPENED TO THE DEBT FROM
WORLD WAR II? 787 IMPLICIT LIABILITIES 788 ECONOMICS JN ACTION:
ARGENTINA S CREDITORS TAKE A HAIRCUT 789 A LOOK AHEAD 791 CHAPTER 29
APPENDIX TAXES AND THE MULTIPLIER.........795 MONEY, BANKING, AND THE
FEDERAL RESERVE SYSTEM .................797 FUNNY MONEY 797 THE MEANING
OF MONEY 798 WHAT IS MONEY? 798 ROLES OF MONEY 799 GLOBAL COMPARISON:
THE BIG MONEYS 800 TYPES OF MONEY 800 MEASURING THE MONEY SUPPLY 801
PITFALLS: WHAT S NOT IN THE MONEY SUPPLY 801 FOR INQUIRING MINDS: WHAT S
WITH ALL THE CURRENCY? 802 ECONOMICS JNACTION: THE HISTORY OF THE DOLLAR
803 THE MONETARY ROLE OF BANKS 804 WHAT BANKS DO 804 THE PROBLEM OF BANK
RUNS 805 BANK REGULATION 806 ECONOMICS JNACTION: IT S A WONDERFUL
BANKING SYSTEM 807 DETERMINING THE MONEY SUPPLY 808 HOW BANKS CREATE
MONEY 808 RESERVES, BANK DEPOSITS, AND THE MONEY MULTIPLIER 809 THE
MONEY MULTIPLIER IN REALITY 810 ECONOMICSJF [ACTION: MULTIPLYING MONEY
DOWN 811 THE FEDERAL RESERVE SYSTEM 812 THE STRUCTURE OF THE FED 812
WHAT THE FED DOES: RESERVE REQUIREMENTS AND THE DISCOUNT RATE 813
OPEN-MARKET OPERATIONS 814 FOR INQUIRING MINDS: WHO GETS THE INTEREST ON
THE FED S ASSETS? 816 THE EUROPEAN CENTRAL BANK 816 ECONOMICS IN ACTION:
THE FED S BALANCE SHEET, NORMAL AND ABNORMAL 817 » CHAPTER 31 AN
OVERVIEW OF THE TWENTY-FIRST CENTURY AMERICAN BANKING SYSTEM 818 CRISIS
IN AMERICAN BANKING AT THE TURN OF THE TWENTIETH CENTURY 819 RESPONDING
TO BANKING CRISES: THE CREATION OF THE FEDERAL RESERVE 820 THE SAVINGS
AND LOAN CRISIS OF THE 1980S 821 BACK TO THE FUTURE: THE FINANCIAL
CRISIS OF 2008 822 ECONOMICS IN ACTION: THE 2008 CRISIS AND THE FED 824
A LOOK AHEAD 825 MONETARY POLICY.........831 THE FED IS ASLEEP! 831 THE
DEMAND FOR MONEY 832 THE OPPORTUNITY COST OF HOLDING MONEY 832 FOR
INQUIRING MINDS: FEAR AND INTEREST RATES 833 THE MONEY DEMAND CURVE 834
SHIFTS OF THE MONEY DEMAND CURVE 835 ECONOMICS JNACTION: A YEN FOR CASH
836 MONEY AND INTEREST RATES 837 THE EQUILIBRIUM INTEREST RATE 837 TWO
MODELS OF INTEREST RATES? 839 PITFALLS: THE TARGET VERSUS THE MARKET 839
MONETARY POLICY AND THE INTEREST RATE 839 FOR INQUIRING MINDS: LONG-TERM
INTEREST RATES 840 ECONOMICS IN ACTION: THE FED REVERSES COURSE 841
MONETARY POLICY AND AGGREGATE DEMAND 842 * D EXPANSIONARY AND
CONTRACTIONARY MONETARY POLICY 842 MONETARY POLICY, INCOME, AND
EXPENDITURE 843 MONETARY POLICY IN PRACTICE 844 INFLATION TARGETING 845
GLOBAL COMPARISON: INFLATION TARGETS 846 ECONOMICS JNACTION: WHAT THE
FED WANTS, THE FED GETS 846 MONEY, OUTPUT, AND PRICES IN THE LONG RUN
847 SHORT-RUN AND LONG-RUN EFFECTS OF AN INCREASE IN THE MONEY SUPPLY
848 MONETARY NEUTRALITY 849 THE INTEREST RATE IN THE LONG RUN 849
ECONOMICS JNACTION: INTERNATIONAL EVIDENCE OF MONETARY NEUTRALITY 850 A
LOOK AHEAD 851 CHAPTER 31 APPENDIX RECONCILING THE TWO MODELS OF THE
INTEREST RATE......855 INTEREST RATES IN THE SHORT RUN 855 THE INTEREST
RATE IN THE LONG RUN 856 XXI » CHAPTER 32 INFLATION, DISINFLATION, AND
DEFLATION................859 BRINGING A SUITCASE TO THE BANK 859 MONEY
AND INFLATION 860 THE CLASSICAL MODEL OF MONEY AND PRICES 860 THE
INFLATION TAX 862 FOR INQUIRING MINDS: INDEXING TO INFLATION 863 THE
LOGIC OF HYPERINFLATION 864 ECONOMICS IN ACTION: ZIMBABWE S INFLATION
866 MODERATE INFLATION AND DISINFLATION 867 THE OUTPUT GAP AND THE
UNEMPLOYMENT RATE 867 FOR INQUIRING MINDS: OKUN S LAW 869 THE SHORT-RUN
PHILLIPS CURVE 869 FOR INQUIRING MINDS: THE AGGREGATE SUPPLY CURVE AND
THE SHORT-RUN PHILLIPS CURVE 871 INFLATION EXPECTATIONS AND THE
SHORT-RUN PHILLIPS CURVE 872 ECONOMICS[INACTION: FROM THE SCARY
SEVENTIES TO THE NIFTY NINETIES 873 INFLATION AND UNEMPLOYMENT IN THE
LONG RUN 874 THE LONG-RUN PHILLIPS CURVE 875 THE NATURAL RATE OF
UNEMPLOYMENT, REVISITED 876 THE COSTS OF DISINFLATION 876 GLOBAL
COMPARISON: DISINFLATION AROUND THE WORLD 877 ECONOMICS IN ACTION: THE
GREAT DISINFLATION OF THE 1980S 877 DEFLATION 879 DEBT DEFLATION 879
EFFECTS OF EXPECTED DEFLATION 879 ECONOMICS IN ACTION: TURNING
UNCONVENTIONAL 881 A LOOK AHEAD 882 PART 14 EVENTS AND IDEAS » CHAPTER
33 MACROECONOMICS: EVENTS AND IDEAS..... ALL AVAILABLE TOOLS 885
CLASSICAL MACROECONOMICS 886 MONEY AND THE PRICE LEVEL 886 THE BUSINESS
CYCLE 887 ECONOMICSJ.N ACTION: WHEN DID THE BUSINESS CYCLE BEGIN? 887
THE GREAT DEPRESSION AND THE KEYNESIAN REVOLUTION 888 KEYNES S THEORY
888 FOR INQUIRING MINDS: THE POLITICS OF KEYNES 890 POLICY TO FIGHT
RECESSIONS 890 .885 ECONOMICS IN ACTION: THE END OF THE GREAT DEPRESSION
891 CHALLENGES TO KEYNESIAN ECONOMICS 892 THE REVIVAL OF MONETARY POLICY
892 MONETARISM 893 INFLATION AND THE NATURAL RATE OF UNEMPLOYMENT 895
THE POLITICAL BUSINESS CYCLE 896 ECONOMICS IN ACTION: THE FED S
FLIRTATION WITH MONETARISM 896 RATIONAL EXPECTATIONS, REAL BUSINESS
CYCLES, AND NEW CLASSICAL MACROECONOMICS 897 RATIONAL EXPECTATIONS 897
REAL BUSINESS CYCLES 898 FOR INQUIRING MINDS: SUPPLY-SIDE ECONOMICS 899
ECONOMICS INACTION: TOTAL FACTOR PRODUCTIVITY AND THE BUSINESS CYCLE 899
THE MODERN CONSENSUS 900 IS EXPANSIONARY MONETARY POLICY HELPFUL IN
FIGHTING RECESSIONS? 900 IS EXPANSIONARY FISCAL POLICY EFFECTIVE IN
FIGHTING RECESSIONS? 901 CAN MONETARY AND/OR FISCAL POLICY REDUCE
UNEMPLOYMENT IN THE LONG RUN? 901 SHOULD FISCAL POLICY BE USED IN A
DISCRETIONARY WAY? 902 SHOULD MONETARY POLICY BE USED IN A DISCRETIONARY
WAY? 902 THE CLEAN LITTLE SECRET OF MACROECONOMICS 904 ECONOMICS IN
ACTION: AFTER THE BUBBLE 904 A LOOK AHEAD 905 PART 15 THE OPEN ECONOMY »
CHAPTER 34 OPEN-ECONOMY MACROECONOMICS........909 HAPPY TOURISTS, SAD
TOURISTS 909 CAPITAL FLOWS AND THE BALANCE OF PAYMENTS 910 BALANCE OF
PAYMENTS ACCOUNTS 910 FOR INQUIRING MINDS: GDP, GNP, AND THE CURRENT
ACCOUNT 914 MODELING THE FINANCIAL ACCOUNT 914 GLOBAL COMPARISON:
CURRENT ACCOUNT SURPLUSES AND DEFICIT 915 UNDERLYING DETERMINANTS OF
INTERNATIONAL CAPITAL FLOWS 918 FOR INQUIRING MINDS: A GLOBAL SAVINGS
GLUT? 918 TWO-WAY CAPITAL FLOWS 919 ECONOMICS JNACTION: THE GOLDEN AGE
OF CAPITAL FLOWS 919 THE ROLE OF THE EXCHANGE RATE 920 XXN UNDERSTANDING
EXCHANGE RATES 920 PITFALLS: WHICH WAY IS UP? 921 THE EQUILIBRIUM
EXCHANGE RATE 921 INFLATION AND REAL EXCHANGE RATES 924 PURCHASING POWER
PARITY 926 FOR INQUIRING MINDS: BURGERNOMICS 926 ECONOMICS IN ACTION:
LOW-COST AMERICA 927 EXCHANGE RATE POLICY 928 EXCHANGE RATE REGIMES 929
HOW CAN AN EXCHANGE RATE BE HELD FIXED? 929 THE EXCHANGE RATE REGIME
DILEMMA 931 FOR INQUIRING MINDS: FROM BRETTON WOODS TO THE EURO 932
ECONOMICS JNACTION: CHINA PEGS THE YUAN 932 EXCHANGE RATES AND
MACROECONOMIC POLICY 933 DEVALUATION AND REVALUATION OF FIXED EXCHANGE
RATES 933 MONETARY POLICY UNDER FLOATING EXCHANGE RATES 934
INTERNATIONAL BUSINESS CYCLES 935 ECONOMICS INACTION: THE JOY OF A
DEVALUED POUND 936 SOLUTIONS TO CHECK YOUR UNDERSTANDING QUESTIONS S-L
GLOSSARY G-L INDEX 1-1 XXI
|
| any_adam_object | 1 |
| author | Krugman, Paul R. 1953- Wells, Robin 1959- |
| author_GND | (DE-588)121368033 (DE-588)131677853 |
| author_facet | Krugman, Paul R. 1953- Wells, Robin 1959- |
| author_role | aut aut |
| author_sort | Krugman, Paul R. 1953- |
| author_variant | p r k pr prk r w rw |
| building | Verbundindex |
| bvnumber | BV036449242 |
| classification_rvk | QC 072 |
| ctrlnum | (OCoLC)612053874 (DE-599)GBV598130969 |
| discipline | Wirtschaftswissenschaften |
| edition | 2. ed., 3. print. |
| format | Book |
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| genre | (DE-588)4123623-3 Lehrbuch gnd-content |
| genre_facet | Lehrbuch |
| id | DE-604.BV036449242 |
| illustrated | Illustrated |
| indexdate | 2024-07-09T22:39:40Z |
| institution | BVB |
| isbn | 0716771586 9780716771586 9781429238069 |
| language | English |
| lccn | 2009920558 |
| oai_aleph_id | oai:aleph.bib-bvb.de:BVB01-020321424 |
| oclc_num | 612053874 |
| open_access_boolean | 1 |
| owner | DE-739 DE-706 DE-20 |
| owner_facet | DE-739 DE-706 DE-20 |
| physical | XLV, 940, [89] S. zahlr. Ill. u. graph. Darst., Kt. |
| publishDate | 2009 |
| publishDateSearch | 2009 |
| publishDateSort | 2009 |
| publisher | Worth |
| record_format | marc |
| spelling | Krugman, Paul R. 1953- Verfasser (DE-588)121368033 aut Economics Paul Krugman ; Robin Wells 2. ed., 3. print. New York, NY Worth 2009 XLV, 940, [89] S. zahlr. Ill. u. graph. Darst., Kt. txt rdacontent n rdamedia nc rdacarrier Previous ed.: New York: Worth, 2006 Economics Wirtschaft Volkswirtschaftslehre (DE-588)4078943-3 gnd rswk-swf (DE-588)4123623-3 Lehrbuch gnd-content Volkswirtschaftslehre (DE-588)4078943-3 s DE-604 Wells, Robin 1959- Verfasser (DE-588)131677853 aut DE-601 pdf/application http://www.gbv.de/dms/zbw/598130969.pdf kostenfrei Inhaltsverzeichnis GBV Datenaustausch application/pdf http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=020321424&sequence=000001&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA Inhaltsverzeichnis |
| spellingShingle | Krugman, Paul R. 1953- Wells, Robin 1959- Economics Economics Wirtschaft Volkswirtschaftslehre (DE-588)4078943-3 gnd |
| subject_GND | (DE-588)4078943-3 (DE-588)4123623-3 |
| title | Economics |
| title_auth | Economics |
| title_exact_search | Economics |
| title_full | Economics Paul Krugman ; Robin Wells |
| title_fullStr | Economics Paul Krugman ; Robin Wells |
| title_full_unstemmed | Economics Paul Krugman ; Robin Wells |
| title_short | Economics |
| title_sort | economics |
| topic | Economics Wirtschaft Volkswirtschaftslehre (DE-588)4078943-3 gnd |
| topic_facet | Economics Wirtschaft Volkswirtschaftslehre Lehrbuch |
| url | http://www.gbv.de/dms/zbw/598130969.pdf http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=020321424&sequence=000001&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA |
| work_keys_str_mv | AT krugmanpaulr economics AT wellsrobin economics |
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