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Principles of Economics By Betsey Stevenson

Principles of Economics by Betsey Stevenson

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Betsey Stevenson and Justin Wolfers present a new synthesis of economic principles for a new generation of students.

Principles of Economics Summary

Principles of Economics by Betsey Stevenson

Betsey Stevenson and Justin Wolfers present a new synthesis of economic principles for a new generation of students. Their focus on useful economics employs compelling explanations and real-life examples to help students develop economic intuition and apply it to everyday decisions. The authors provide a fresh take on a wide range of principles topics and develop macroeconomics from its microfoundations in an engaging presentation that has drawn enthusiastic reviews from hundreds of instructors and thousands of students in pre-publication class-tests.

In Principles of Economics, students will learn how the basic tools of economics can be applied to decisions that range from personal and professional goals to public policy and the broader economy. Combining fundamental theory with modern applications, familiar examples, and plenty of opportunities to practice using economic tools, Principles of Economics helps students to develop economic insight.

Principles of Economics is available with SaplingPlus online learning system. Our integrated, online learning system combines powerful multimedia resources with an integrated e-Book, robust homework, and a wealth of interactives, creating an extraordinary new learning resource for students.

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  • Online homework helps students get better grades with targeted instructional feedback tailored to the individual.
  • Step-by-Step graphs break complex graphs and other figures into their component parts to help students understand how graphs are built and what they represent. Captions on each step help the students to understand what's happening as the figures change.
  • Decision Points allow students to explore their own decision-making process and how economic principles and thinking can inform their decisions. Students work step-by-step through decision-making scenarios, receiving feedback about how the economic principles did (or did not) play into their choices. Decision Points help students apply economic insights to their everyday lives.

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About Betsey Stevenson

Betsey Stevenson is a professor of public policy and economics at the University of Michigan. Her research focuses on the impact of public policies on the labor market, and explores women's labor market experiences, the economic forces shaping the modern family, and the role of subjective well-being data for public policy. She serves on the Executive Committee of the American Economic Association, and is also a research associate with the National Bureau of Economic Research, a fellow of the Institute for Economic Research in Munich, a visiting professor of economics at the University of Sydney, and a research Fellow in the Public Economics Program of the Centre for Economic Policy Research. She served as a member of the Council of Economic Advisers from 2013 to 2015, where she advised President Obama on social policy, labor market, and trade issues. She also served as the chief economist of the U.S. Department of Labor from 2010 to 2011. Betsey is also an occasional editorialist for Bloomberg, and a trusted presence in the public debate. Betsey earned a BA in economics and mathematics from Wellesley College and an AM and PhD in economics from Harvard University.
Justin Wolfers is a professor of economics and public policy at the University of Michigan. His research interests include labor economics, macroeconomics, political economy, social policy, law and economics, and behavioral economics. Previously, Wolfers was an associate professor of business and public policy at the University of Pennsylvania and a visiting professor at Princeton University. He is a research associate with the National Bureau for Economic Research, a fellow of the Brookings Institution, a research affiliate with the Centre for Economic Policy Research in London, and an international research fellow at the Kiel Institute for the World Economy in Germany. Justin earned a BA in economics from the University of Sydney and his AM and PhD in economics from Harvard University.

Table of Contents

Preface.- A Quick Review of Math and Graphing.- PART I - Foundations of Economics.- 1 The Core Principles of Economics.- 2 Demand: Thinking Like a Buyer.- 3 Supply: Thinking Like a Seller.- 4 Where Supply Meets Demand.- PART II - Analyzing Markets.- 5 Elasticity: Measuring Responsiveness.- 6 When Governments Intervene In Markets.- 7 Welfare and Efficiency.- 8 The Gains From Trade.- PART III - Applications and Policy Issues.- 9 International Trade.- 10 Externalities.- 11 The Labor Market.- 12 Wages, Workers, and Management.- 13 Inequality, Social Insurance and Redistribution.- PART IV - Market Structure and Business Strategy.- 14 Market Structure and Market Power.- 15 Entry, Exit, and Long Run Profits.- 16 Business Strategy.- 17 Sophisticated Pricing Strategies.- 18 Game Theory & Strategic Choices.- PART V - Advanced Decisions.- 19 Decisions under Uncertainty.- 20 Decisions with Private Information.- PART VI - Economic Growth in the Long Run.- 21 Sizing Up the Economy.- 22 Economic Growth.- 23 Unemployment.- 24 Inflation.- PART VII - Micro Foundations of Macroeconomics.- 25 Consumption and Saving.- 26 Investment.- 27 The Financial Sector.- 28 International Finance and the Exchange Rate.- PART VIII - The Business Cycle.- 29 Business Cycles.- 30 IS-MP Analysis: Interest Rates and Output.- 30A Aggregate Expenditure and the Multiplier.- 31 The Phillips Curve.- 32 The Fed Model: Linking Interest Rates, Output, and Inflation.- 33 Aggregate Demand and Aggregate Supply.- PART IX - Macroeconomic Policy.- 34 Monetary Policy.- 35 Government Spending, Taxes, and Fiscal Policy.

Additional information

Principles of Economics by Betsey Stevenson
Worth Publishers Inc.,U.S.
Book picture is for illustrative purposes only, actual binding, cover or edition may vary.
This is a new book - be the first to read this copy. With untouched pages and a perfect binding, your brand new copy is ready to be opened for the first time

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