This course begins by covering the basic tools of nonlinear optimization. Students will then study partial equilibrium analyses of economic topics that include producer behavior, consumer behavior, choice under uncertainty, and an introduction to welfare analysis.
For the two-semester course in Principles of Economics. Readers of Principles of Economics, Twelfth Edition come away with a basic understanding of how market economies function, an appreciation for the things they do well, and a sense of things they do poorly.
With the latest research and added exercises, readers begin to learn the art and science of economic thinking and start to look at some policy and even personal decisions in a different way.
Within its structured environment, students practice what they learn, test their understanding, and pursue a personalized study plan that helps them better absorb course material and understand difficult concepts.
You are purchasing a standalone product; MyEconLab does not come packaged with this content. If you would like to purchase both the physical text and MyEconLab search for: Introduction To Economics 1. The Scope and Method of Economics 2. Scarcity and Choice 3.
Demand, Supply, and Market Equilibrium 4. Demand and Supply Applications 5. The Market System 6. Household Behavior and Consumer Choice 7. The Behavior of Profit-Maximizing Firms 8. Short-Run Costs and Output Decisions 9.
Long-Run Costs and Output Decisions The Labor and Land Markets The Capital Market and the Investment Decision Market Imperfections and the Role of Government Monopoly and Antitrust Policy Externalities, Public Goods, and Common Resources Uncertainty and Asymmetric Information Income Distribution and Poverty Concepts and Problems in Macroeconomics Introduction to Macroeconomics Measuring National Output and National Income The Core of Macroeconomic Theory Aggregate Expenditure and Equilibrium Output The Government and Fiscal Policy Money, the Federal Reserve, and the Interest Rate Further Macroeconomics Issues Financial Crises, Stabilization, and Deficits Household and Firm Behavior in the Macroeconomy: A Further Look The World Economy International Trade, Comparative Advantage, and Protectionism The Balance of Payments and Exchange Rates Economic Growth in Developing Economies Critical Thinking about Research This title is also sold in the various packages listed below.
Before purchasing one of these packages, speak with your professor about which one will help you be successful in your course. Includes this title packaged with:Example crowd behaviour, unemployment problem, paradox of thrift Circular Flow of Income Model• Functioning of an Economy• A model to understand the functioning of a macro economic system or the economy as a whole is called the ‘Circular Flow of Income Model’ An introduction to the issue of teen parents Tips an introduction to the general model of economic behaviour in macroseconomics For Testifying In Court.
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Jan 26, · A quick review and summary of the Production Function Model for Intermediate Macroeconomics. We go over notation and what the model represents at .