Description
Barron's Business Review Books make fine supplements to college textbooks. They are also popular as main texts in adult education courses and business brush-up programs. This new edition of Economics defines and distinguishes between macroeconomics and microeconomics. It discusses the law of supply and demand, which is fundamental to understanding economic principles. A Macroeconomics section covers national output, inflation, types and costs of unemployment, aggregate demand and supply, the Keynesian model, fiscal and monetary policy, open-market macroeconomics, and more. Microeconomics topics covered include monopolies, forces that promote competition, game theory, labor markets and unions, economic profits, government spending and taxation, and more. This book contains question-and-answer sections in each chapter. FIFTH EDITION
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This supplement to a college text can also be used as a main text in an adult education or business review course. Notable for its succinct coverage, plain language, and larger type size, the book will appeal to economics students and business professionals. Coverage progresses from the basis for economics though inflation and unemployment, fiscal policy, monopoly and competition, and international trade. There are two chapters on supply and demand and three chapters on macroeconomics. Pedagogical features include chapter review, concept and application questions with explained answers, plus key terms, concepts, and equations. About 40 pages of reference appendices offer an extensive glossary, websites, sources of economic data, math reviews, and a summary of economic models. This fifth edition contains new material on game theory, international capital markets, the random walk model of the stock market, and the economic role of financial markets. Wessels teaches economics at North Carolina State University. Annotation ©2012 Book News, Inc., Portland, OR (booknews.com)
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