Test Bank for Economic Development The Pearson Series in Economics 11th Edition Michael P Todaro

A complete, balanced introduction to the theory, issues, and latest research.
Economic Development–the leading textbook in this field–provides readers with a complete and balanced introduction to the requisite theory, driving policy issues, and latest research. Todaro and Smith take a policy-oriented approach, presenting economic theory in the context of critical policy debates and country-specific case studies so readers see how theory relates to the problems and prospects of developing countries.The eleventh edition offers new sections on the global financial crisis and violent conflict.

Table Of Contents:

PART I: INTRODUCTION

1. What is Economics?

2. The Economic Problem

PART II: HOW MARKETS WORK

3. Demand and Supply

4. Elasticity

5. Efficiency And Equity

6. Government Actions in Markets

7. Global markets in Action

PART III: HOUSEHOLDS’ CHOICES

8. Utility and Demand

9. Possibilities, Preferences, and Choices

PART IV: FIRMS AND MARKETS

10. Organizing Production

11. Output and Costs

12. Perfect Competition

13. Monopoly

14. Monopolistic Competition

15. Oligopoly

PART V: MARKET FAILURE AND GOVERNMENT

16. Public Choices, Public Goods, and Healthcare

17. Externalities

PART VI: FACTOR MARKETS, INEQUALITY, AND UNCERTAINTY

18. Markets for Factors of Production

19. Economic Inequality

20. Uncertainty and Information

PART VII: MONITORING MACROECONOMIC PERFORMANCE

21. Monitoring the Value of Production: GDP

22. Monitoring Jobs and Inflation

PART VIII: MACROECONOMIC TRENDS

23. Economic Growth

24. Finance, Saving, and Investment

25. Money, the Price Level, and Inflation

26. The Exchange Rate and the Balance of Payments

PART IX: MACROECONOMIC FLUCTUATIONS

27. Aggregate Supply and Aggregate Demand

28. Expenditure Multipliers

29. The Business Cycle, Inflation, and Deflation

PART X: MACROECONOMIC POLICY

30. Fiscal Policy

31. Monetary Policy