Cover image for Economics : principles and tools
Economics : principles and tools
O'Sullivan, Arthur.
Personal Author:
Second edition.
Publication Information:
Upper Saddle River, N.J. : Prentice Hall, [2001]

Physical Description:
xxxi, 704 31 unnumbered pages : color illustrations ; 26 cm + 1 computer optical disc (4 3/4 in.).
Subject Term:
Added Author:

Format :


Call Number
Material Type
Home Location
Item Holds
HB171.5 .O84 2001 Book and Software Set Non-Fiction Area

On Order



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Table of Contents

Prefacep. xxi
Part 1 Introduction and Key Principlesp. 1
1 Introduction: What Is Economics?p. 1
2 Key Principles of Economicsp. 23
3 Markets and Government in the Global Economyp. 41
4 Supply, Demand, and Market Equilibriump. 63
Part 2 A Closer Look at Supply and Demandp. 95
5 Elasticity: A Measure of Responsivenessp. 95
6 Market Efficiency and Government Interventionp. 119
7 Consumer Choicep. 145
Part 3 Market Structures and Pricingp. 163
8 Production and Costp. 163
9 Perfect Competition: Short Run and Long Runp. 187
10 Monopolyp. 213
11 Entry and Monopolistic Competitionp. 235
12 Oligopoly and Strategic Behaviorp. 251
13 Using Market Power: Price Discrimination and Advertisingp. 277
14 Controlling Market Power: Antitrust Policy and Deregulationp. 293
Part 4 Spillovers and Informationp. 311
15 Imperfect Information and Disappearing Marketsp. 311
16 Public Goods, Taxes, and Public Choicep. 329
17 Environmental Policyp. 349
Part 5 The Labor Market and Economic Challengesp. 371
18 The Labor Marketp. 371
19 Economic Challenges: Poverty, Aging, and Health Carep. 399
Part 6 The Basic Concepts in Macroeconomicsp. 417
20 Measuring a Nation's Production and Incomep. 417
21 Unemployment and Inflationp. 437
Part 7 The Economy in the Long Runp. 453
22 Classical Economics: The Economy at Full Employmentp. 453
23 Why Do Economies Grow?p. 475
Part 8 Economic Fluctuationsp. 501
24 Aggregate Demand and Aggregate Supplyp. 501
25 Keynesian Economics and Fiscal Policyp. 521
26 Investment and Financial Intermediationp. 553
Part 9 Money, Banking, and Monetary Policyp. 571
27 Money, the Banking System, and the Federal Reservep. 571
28 Monetary Policy in the Short Runp. 591
Part 10 Inflation, Unemployment, and Economic Policyp. 611
29 From the Short Run to the Long Runp. 611
30 The Dynamics of Inflation and Unemploymentp. 629
31 Current Issues in Macroeconomic Policyp. 651
Part 11 The International Economyp. 669
32 International Trade and Public Policyp. 669
33 The World of International Financep. 691
Glossaryp. 1
Answers to Odd Numbered Problems and Discussion Questionsp. 1
Indexp. 1
Photo Creditsp. 1