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Full Description
Improve YOUR world. Dean Karlan and Jonathan Morduch's Economics 3e is built around the central concept that economics is a powerful and positive tool that students can use right now to improve their world. Economics uses examples and issues that resonate with students' experience to draw them in and frame ideas to help develop their economic intuition.
- Using a balanced approach, students are able to sharpen their own understanding of topics by focusing on the data and evidence behind the effects they see. Students are equipped to understand and respond to real-life situations thought their new economic lens and challenged to decided how they will improve their world.
-The third edition delivers core economic concepts along with exciting new ideas in economic though and strives to keep students engaged by confronting issues that are important in the world
-This text combines a familiar curriculum with material from new research and applied areas such as finance, behavioral economics, and the political economy. Students and faculty will find content that breaks down barriers between what takes place in the classroom and what happens in our nation and our world, with applications that are driven by empirical evidence, data, and research.
- Karlan and Morduch show students that economics is a tool to improve one'sown life and promote better public and business policies in the world. At the same time, this third edition challenges students to reach their own conclusions about how they will improve their world.
Contents
Part 1 The Power of Economics
1Economics and Life
2Specialization and Exchange
Part 2 Supply and Demand
3Markets
4Elasticity
5Efficiency
6Government Intervention
Part 3 Individual Decisions
7Consumer Behavior
8Behavioral Economics: A Closer Look at Decision Making
9Game Theory and Strategic Thinking
10Information
11Time and Uncertainty
Part 4 Firm Decisions
12The Costs of Production
13Perfect Competition
14Monopoly
15Monopolist Competition and Oligopoly
16The Factors of Production
17International Trade
Part 5 Public Economics
18Externalities
19Public Goods and Common Resources
20Taxation and the Public Budget
21Poverty, Inequality, and Discrimination
22Political Choices
23Public Policy and Choice Architecture
Part 6 The Data of Macroeconomics
24Measuring GDP
25The Cost of Living
Part 7 Labor Markets and Economic Growth
26Unemployment and the Labor Market
27Economic Growth
Part 8 The Economy in the Short and Long Run
28Aggregate Expenditure
29Aggregate Demand and Aggregate Supply
30Fiscal Policy
Part 9 The Financial System and Institutions
31The Basics of Finance
32Money and the Monetary System
33Inflation
34Financial Crisis
Part 10 International Policy Issues
35Open-Market Macroeconomics
36Development Economics