Principles of Economics Australia and New Zealand 6th Edition Gans Test Bank

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Product details:

• ISBN-10 ‏ : ‎ 9780170248532
• ISBN-13 ‏ : ‎ 978-0170248532
• Author: Stephen King

Show the power of economic tools, and the importance of economic ideas! The latest edition of this text continues to focus on important concepts and analyses necessary for students in an introductory economics course. In keeping with the authors philosophy of showing students the power of economic tools and the importance of economic ideas, this edition pays careful attention to regional and global policies and economic issues such as climate change and resource taxation, the impacts of the ongoing global financial crisis, inflation, unemployment, interest rates, monetary and fiscal policy. Principles of Economics 6th edition combines microeconomics and macroeconomics into one volume for students who take a full years course. Each new print book includes access to online Student Resources CourseMate Express and Search Me! Economics. Aplia is also available for this book.

Table of contents:

Microeconomics
Part 1 Introduction
1. Ten lessons from economics
2. Thinking like an economist
3. Interdependence and the gains from trade

Part 2 Supply and demand I: How markets work
4. The market forces of supply and demand
5. Elasticity and its application
6. Supply, demand and government policies

Part 3 Supply and demand II: Markets and welfare
7. Consumers, producers and the efficiency of markets
8. Application: The costs of taxation
9. Application: International trade

Part 4 The economics of the public sector
10. Externalities
11. Public goods and common resources
12. The design of the tax system

Part 5 Firm behaviour and the organisation of industry
13. The costs of production
14. Firms in competitive markets
15. Monopoly
16. Monopolistic competition
17. Oligopoly and business strategy

Part 6 The economics of labour markets
18. The markets for the factors of production
19. Earnings, unions and discrimination
20. Income inequality and poverty

Part 7 Topics for further study
21. The theory of consumer choice
22. Frontiers of microeconomics

Part 8: The data of macroeconomics
23. Measuring a nation’s income
24. Measuring the cost of living

Part 9: The real economy in the long run
25. Production and growth
26. Saving, investment and the financial system
27. The natural rate of unemployment

Part 10: Money and prices in the long run
28. The monetary system
29. Inflation: Its causes and costs

Part 11: The macroeconomics of open economies
30. Open-economy macroeconomics: Basic concepts
31. A macroeconomic theory of the open economy

Part 12: Short-run economic fluctuations
32. Aggregate demand and aggregate supply
33. The influence of monetary and fiscal policy on aggregate demand
34. The short-run trade-off between inflation and unemployment
35. Contemporary macroeconomic topics

Part 13: Final thoughts
36. Five debates over macroeconomic policy

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