Introductory Economics

Emphasizing fundamental concepts in the study of economics, this textbook features 29 one-topic chapters, yet highlights the relationships between the ideas discussed in the various chapters. Organized around themes like "the economic problem," "price determination," "behind the supply curve," "the level of income," "money," and "trade," the chapters focus on topics like production, demand, supply, market equilibrium, price elasticity, diminishing returns, cost, revenue, profit, perfectly competitive supply, monopoly, imperfect competition, unemployment and inflation, gross domestic product, price indexes, business cycles, consumption and investment, macro equilibrium, government, fiscal policy, monetary tools, and economic policy. Arleen Hoag teaches at Owens Community College. John Hoag teaches at Bowling Green State University. Annotation copyrighted by Book News, Inc., Portland, OR