Test Bank for Principles of Economics, 5th Edition

Product details:

• ISBN-10 ‏ : ‎ 1111399115
• ISBN-13 ‏ : ‎ 978-1111399115
• Author: N. Gregory Mankiw

PRINCIPLES OF ECONOMICS continues to be the most popular and widely used text in economics classrooms today. The fifth edition features a strong revision of content in all 36 chapters while maintaining the clear, accessible writing style and precise presentation that are the hallmark of this highly respected author. Dozens of new applications emphasize the real-world relevance of economics for today’s students through interesting news articles, realistic case studies, and engaging problems. The new edition also features an expanded instructor’s resource package designed to assist in course planning and classroom presentation, as well as full integration of content with Aplia. “I have tried to put myself in the position of someone seeing economics for the first time. My goal is to emphasize the material that students should and do find interesting about the study of the economy.”–N. Gregory Mankiw.

Table contents:

Preface
1. The Big Ideas in Economics
2. The Power of Trade and Comparative Advantage

Part 1: Supply and Demand
3. Supply and Demand
4. Equilibrium: How Supply and Demand Determine Prices
5. Elasticity and Its Applications
6. Taxes and Subsidies

Part 2: The Price System
7. The Price System: Signals, Speculation, and Prediction
8. Price Ceilings and Floors
9. International Trade
10. Externalities: When the Price Is Not Right

Part 3: Firms and Factor Markets
11. Costs and Profit Maximization under Competition
12. Competition and the Invisible Hand
13. Monopoly
14. Price Discrimination and Pricing Strategy
15. Oligopoly and Game Theory
16. Networks, Platforms, and the Economics of “Free Goods”
17. Monopolistic Competition and Advertising
18. Labor Markets

Part 4: Government
19. Public Goods and the Tragedy of the Commons
20. Political Economy and Public Choice
21. Economics, Ethics, and Public Policy

Part 5: Decision Making for Businesses, Investors, and Consumers
22. Managing Incentives
23. Stock Markets and Personal Finance
24. Asymmetric Information: Moral Hazard and Adverse Selection
25 Consumer Choice

Part 6: Economic Growth
26. GDP and the Measurement of Progress
27. The Wealth of Nations and Economic Growth
28. Growth, Capital Accumulation, and the Economics of Ideas: Catching Up vs. the Cutting Edge
29. Saving, Investment, and the Financial System

Part 7: Business Fluctuations
30. Unemployment and Labor Force Participation
31. Inflation and the Quantity Theory of Money
32. Business Fluctuations: Aggregate Demand and Supply
33. Transmission and Amplification Mechanisms

Part 8: Macroeconomic Policy and Institutions
34. The Federal Reserve System and Open Market Operations
35. Monetary Policy
36. The Federal Budget: Taxes and Spending
37. Fiscal Policy

Part 9: International Economics
38. International Finance

APPENDIX A Reading Graphs and Making Graphs
APPENDIX B Solutions to Check Yourself
Glossary G-1
References R-1
Index I-1

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