Test Bank for Essentials of Economics, 8th Edition, N. Gregory Mankiw

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Product details:

• ISBN-10 ‏ : ‎ 129223959X
• ISBN-13 ‏ : ‎ 978-1292239590
• Author: John Sloman; Dean Garratt

Essentials of Economics, 8^th edition by John Sloman and Dean Garratt is the latest edition of the ultimate introductory guide in the field, thoroughly updated to reflect the latest changes in all major socio-economic issues.

This edition is designed to help you understand this fascinating subject as clearly as possible and make sense of today’s key economic topics, from theory to action. The text considers some of the major problems of today’s economic growth, such as unemployment, financialinequality, the environment, Brexit, and Behavioural Economics. It also offers an in-depth analysis of economic behaviour and choices on micro and macroeconomic levels, encouraging you to think and act like an economist.

Using a clear structure and straightforward, engaging writing style, the book’s friendly layout and wealth of pedagogical, classic features support your learning and understanding of the issues introduced, making it easy to follow. It also helps you develop critical thinking skills, both individually and as a member of your group discussions in class.

Table of Contents

Part I: INTRODUCTION.
1. Ten Principles of Economics.
2. Thinking Like an Economist.
3. Interdependence and the Gains from Trade.
Part II: HOW MARKETS WORK.
4. The Market Forces of Supply and Demand.
5. Elasticity and Its Application.
6. Supply, Demand, and Government Policies.
Part III: MARKETS AND WELFARE.
7. Consumers, Producers, and the Efficiency of Markets.
8. Application: The Costs of Taxation.
9. Application: International Trade.
Part IV: THE ECONOMICS OF THE PUBLIC SECTOR.
10. Externalities.
11. Public Goods and Common Resources.
Part V: Firm Behavior and the Organization of Industry.
12. The Costs of Production.
13. Firms in Competitive Markets.
14. Monopoly.
Part VI: THE DATA OF MACROECONOMICS.
15. Measuring a Nation’s Income.
16. Measuring the Cost of Living.
Part VII: THE REAL ECONOMY IN THE LONG RUN.
17. Production and Growth.
18. Saving, Investment, and the Financial System.
19. The Basic Tools of Finance.
20. Unemployment and Its Natural Rate.
Part VIII: MONEY AND PRICES IN THE LONG RUN.
21. The Monetary System.
22. Money Growth and Inflation.
Part IX: SHORT-RUN ECONOMIC FLUCTUATIONS.
23. Aggregate Demand and Aggregate Supply.
24. The Influence of Monetary and Fiscal Policy on Aggregate Demand.
Glossary.
Index.

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