Essential Foundations of Economics 8th Edition Bade Test Bank

Essential Foundations of Economics 8th Edition Bade Test Bank

Product details:

• ISBN-10 ‏ : ‎ 0134491971
• ISBN-13 ‏ : ‎ 978-0134491974
• Author: Robin Bade

Essential Foundations of Economics, 8th Edition introduces readers to the economic principles they can use to navigate the financial decisions of their futures. Each chapter concentrates on a manageable number of ideas, usually 3 to 4, with each reinforced several times throughout the text. This patient approach helps guide individuals through unfamiliar terrain and focus them on the most important concepts.

The text does four core things to help readers grasp and apply economic principles: it motivates with compelling issues and questions, focuses on core ideas, offers concise points, and encourages learning with activities and practice questions. After completing this text, readers will have the foundational knowledge of how the economy works and can apply it to their lives going forward.

Table contents:

Part 1: Introduction 

1. Getting Started

2. The U.S. and Global Economies

3. The Economic Problem

4. Demand and Supply

Part 2: A Closer Look at Markets 

5. Elasticities of Demand and Supply

6. Efficiency and Fairness of Markets

7. Government Actions in Markets

8. Global Markets in Action

9. Externalities: Pollution, Education, and Healthcare

Part 3: Prices, Profits, and Industry Performance

10. Production and Cost

11. Perfect Competition

12. Monopoly

13. Monopolistic Competition and Oligopoly

Part 4: Monitoring the Macroeconomy

14. GDP: A Measure of Total Production and Income

15. Jobs and Unemployment

16. The CPI and the Cost of Living

Part 5: Understanding the Macroeconomy 

17. Potential GDP and Economic Growth

18. Money and Inflation

19. Aggregate Supply and Aggregate Demand

20. Fiscal Policy and Monetary Policy

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