Understanding Economics 7th Edition Lovewell Test Bank

Instant download Understanding Economics 7th Edition Lovewell Test Bank pdf docx epub after payment.

Product Details:

• ISBN-10 ‏ : ‎ 9781259030802
• ISBN-13 ‏ : ‎ 978-1259030802
• Author: Mark Lovewell

Understanding Economics combines economic theory and application in an up-to-date, accessible, and appealing way. Designed and written for a one-semester economics principles course, this product helps students realize the power of economic theory in explaining the practical aspects of their lives.

Table of contents:

1. PART 1 Working with Economics
2. CHAPTER 1: The Economic Problem
3. 1.1 How Economists Think
4. 1.2 Economic Choice
5. 1.3 Economic Systems
6. Last Word
7. Problems
8. The Founder of Modern Economics: Adam Smith and the Invisible Hand
9. CHAPTER 2: Demand and Supply
10. 2.1 The Role of Demand
11. 2.2 The Role of Supply
12. 2.3 How Competitive Markets Operate
13. Last Word
14. Problems
15. Spoilt for Choice: William Stanley Jevons and Utility Maximization
16. CHAPTER 3: Elasticity
17. 3.1 Price Elasticity of Demand
18. 3.2 Price Elasticity of Supply
19. Last Word
20. Problems
21. Prophet of Capitalism’s Doom: The Economic Theories of Karl Marx
22. PART 2 Efficiency and Equity
23. CHAPTER 4: Costs of Production
24. 4.1 Production, Costs, and Profit
25. 4.2 Production in the Short Run
26. 4.3 Costs in the Short Run
27. 4.4 Production and Costs in the Long Run
28. Last Word
29. Problems
30. Critic of the Modern Corporation: John Kenneth Galbraith and the Role of Management
31. CHAPTER 5: Perfect Competition

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