Title

Contemporary Economics: An Applications Approach

Document Type

Book

Department or Administrative Unit

Economics

Publication Date

2008

Abstract

This book includes sections on: Scarcity and choice, the microeconomy, market transactions, demand and supply analysis, demand and supply applications, production and the costs of production, competition and monopoly, imperfect competition, government and markets, labor markets, the macroeconomy, the mixed economy of the United States, Gross Domestic Product and economic growth, the business cycle, unemployment, and inflation, macroeconomic instability, fiscal policy and the federal budget, money and the banking system, the Federal Reserve and monetary policy, the international economy, the United States and the global economy, and international finance.