Principles of Economics Crash Course 1st Edition by Dominick Salvatore, Eugene Diulio ISBN 0071398732 9780071398732

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Product details:
ISBN 10: 0071398732
ISBN 13: 9780071398732
Author: Dominick Salvatore, Eugene Diulio

Principles of Economics Crash Course 1st Edition Table of contents:

Chapter 1: Introduction to Economics

• What is Economics?
• Basic Economic Problems and Scarcity
• The Economic Decision-Making Process
• The Role of Economics in Society
• Key Economic Questions: What, How, and For Whom?

Chapter 2: Supply and Demand Fundamentals

• The Law of Demand
• The Law of Supply
• Market Equilibrium
• Shifts in Supply and Demand Curves
• Price Controls and Market Outcomes (Price Floors & Ceilings)

Chapter 3: Elasticity and Its Applications

• Price Elasticity of Demand
• Price Elasticity of Supply
• Income Elasticity and Cross-Price Elasticity
• Applications of Elasticity in Real Markets
• Factors Influencing Elasticity

Chapter 4: Consumer Behavior and Utility Theory

• Understanding Consumer Preferences
• Marginal Utility and Diminishing Returns
• The Theory of Consumer Choice
• Budget Constraints and Indifference Curves
• Utility Maximization and Demand Curves

Chapter 5: Production and Costs

• The Production Function
• Short-Run vs. Long-Run Production
• Marginal Product and Diminishing Returns
• Total, Average, and Marginal Costs
• Economies and Diseconomies of Scale
• Cost Curves and Their Importance

Chapter 6: Perfect Competition and Market Structures

• Characteristics of Perfect Competition
• Short-Run and Long-Run Equilibrium in Perfect Competition
• Efficiency in Perfect Competition
• Other Market Structures: Monopoly, Monopolistic Competition, and Oligopoly
• Comparison of Market Structures and Their Impact on Prices and Output

Chapter 7: Market Failures and Government Intervention

• What Is a Market Failure?
• Externalities: Positive and Negative
• Public Goods and Common Resources
• Government Intervention: Taxes, Subsidies, and Regulation
• The Role of Antitrust Laws and Price Regulations

Chapter 8: National Income and Macroeconomic Indicators

• Gross Domestic Product (GDP): Measurement and Components
• Nominal vs. Real GDP
• Unemployment and Inflation
• The Consumer Price Index (CPI) and the GDP Deflator
• Business Cycles and Economic Fluctuations

Chapter 9: Money and Banking

• What Is Money?
• The Functions of Money
• The Banking System and Money Creation
• The Role of Central Banks and Monetary Policy
• The Federal Reserve and Interest Rates

Chapter 10: The Role of Government in the Economy

• Fiscal Policy: Government Spending and Taxation
• The Government’s Role in Redistributing Income
• Budget Deficits and National Debt
• Keynesian vs. Classical Economics
• Supply-Side Economics and Laffer Curve

Chapter 11: International Trade and Exchange Rates

• The Benefits of International Trade
• Comparative Advantage and Specialization
• The Theory of Absolute Advantage
• Trade Restrictions: Tariffs, Quotas, and Subsidies
• Exchange Rates and the Foreign Exchange Market

Chapter 12: Economic Growth and Development

• Theories of Economic Growth
• The Role of Capital Accumulation, Technology, and Labor
• Measuring Economic Development
• Policies to Promote Growth and Development
• The Challenges of Globalization

Chapter 13: The Economics of the Environment

• Market Failure in Environmental Issues
• The Economics of Pollution and Resource Depletion
• The Role of Government in Environmental Policy
• Green Economics and Sustainable Development
• International Cooperation on Environmental Issues

Chapter 14: The Global Economy and Financial Crises

• Understanding the Global Economy
• Causes and Effects of Financial Crises
• Case Studies: The 2008 Financial Crisis and Eurozone Crisis
• Global Financial Markets and Economic Integration
• The Role of International Financial Institutions (IMF, World Bank)

Chapter 15: Behavioral Economics and Decision Making

• Introduction to Behavioral Economics
• Bounded Rationality and Heuristics
• Prospect Theory and Risk Preferences
• Behavioral Insights for Economic Policy
• Applying Behavioral Economics to Real-World Problems

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