Survey of Economics Principles Applications and Tools 7th Edition OSullivan Test Bank

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Product details:

• ISBN-10 ‏ : ‎ 0134089030
• ISBN-13 ‏ : ‎ 978-0134089034
• Author: Arthur O’Sullivan; Steven M. Sheffrin; Stephen J. Perez

Introduces Readers to the Basic Concepts of Economics with Timely, Engaging Stories and Applications

Readers hoping to gain a better understanding of economics and the world around them often leave with their questions unanswered. Survey of Economics: Principles, Applications, and Tools is built upon the author’s philosophy of using the basic concepts of economics to explain a wide variety of timely, engaging, real-world economic applications. The Seventh Edition incorporates updated figures and data, while also emphasizing current topics of interest―including the severe economic downturn of recent years and the latest developments in economic thinking. It also includes newly refined Learning Objectives that introduce the concepts explored in each chapter, along with new applications and chapter-opening stories related to the most up-to-date developments in economics. Covering both macroeconomics and microeconomics in one concise paperback volume, this book shows readers how to think and act like an economist by showing them how to use economic concepts in their everyday lives and careers.

Table Of Contents:

1. Introduction: What is Economics?

2. Key Principles of Economics

3. Demand, Supply, and Market Equilibrium

4. Elasticity: A Measure of Responsiveness

5. Production Technology and Cost

6. Perfect Competition

7. Monopoly and Price Discrimination

8. Market Entry, Monopolistic Competition, and Oligopoly

9. Market Failure: Imperfect Information, External Benefits, and External Costs

10. The Labor Market and the Distribution of Income

11. Measuring a Nation’s Production and Income

12. Unemployment and Inflation

13. Why Do Economies Grow?

14. Aggregate Demand and Aggregate Supply

15. Fiscal Policy

16. Money and the Banking System

17. Monetary Policy and Inflation

18. International Trade and Finance

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