Principles of Economics 5th Edition Frank Test Bank
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Principles of Economics 5th Edition Frank Test Bank
Product details
- ISBN-10 : 0073511404
- ISBN-13 : 978-0073511405
- Author: Robert H. Frank
In recent years, innovative texts in mathematics, science, foreign languages, and other fields have achieved dramatic pedagogical gains by abandoning the traditional encyclopedic approach in favor of teaching a shorter list of core principles in depth. Two well-respected writers and researchers, Bob Frank and Ben Bernanke, have shown that the less-is-more approach affords similar gains in introductory economics. The authors introduce a coherent short list of core principles and reinforce them by illustrating and applying each in numerous contexts. With engaging questions, explanations and exercises, the authors help students relate economic principles to a host of everyday experiences such as going to the ATM or purchasing airline tickets. Throughout this process, the authors encourage students to become “economic naturalists:” people who employ basic economic principles to understand and explain what they observe in the world around them.
Table contents
Chapter 1: Thinking Like an Economist
Chapter 2: Comparative Advantage
Chapter 3: Supply and Demand
Chapter 4: Elasticity
Chapter 5: Demand
Chapter 6: Perfectly Competitive Supply
Chapter 7: Efficiency, Exchange, and the Invisible Hand in Action
Chapter 8: Monopoly, Oligopoly, and Monopolistic Competition
Chapter 9: Games and Strategic Behavior
Chapter 10: An Introduction to Behavioral Economics
Chapter 11: Externalities, Property Rights, and the Environment
Chapter 12: The Economics of Information
Chapter 13: Labor Markets, Poverty, and Income Distribution
Chapter 14: Public Goods and Tax Policy
Chapter 15: International Trade and Trade Policy
Chapter 16: Macroeconomics: The Bird’s-Eye View of the Economy
Chapter 17: Measuring Economic Activity: GDP and Unemployment
Chapter 18: Measuring the Price Level and Inflation
Chapter 19: Economic Growth, Productivity, and Living Standards
Chapter 20: The Labor Market: Workers, Wages, and Unemployment
Chapter 21: Saving and Capital Formation
Chapter 22: Money, Prices, and the Federal Reserve
Chapter 23: Financial Markets and International Capital Flows
Chapter 24: Short-Term Economic Fluctuations: An Introduction
Chapter 25: Spending and Output in the Short Run
Chapter 26: Stabilizing the Economy: The Role of the Fed
Chapter 27: Aggregate Demand, Aggregate Supply, and Inflation
Chapter 28: Exchange Rates and the Open Economy
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