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9780134078779

Principles of Economics 12th Edition by Karl E. Case

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Author
Karl Case
Edition
12th
Publisher
Pearson
ISBN
978-0134078779
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Description

A trusted resource for generations, Principles of Economics, Twelfth Edition, by Karl E. Case, offers a clear, thorough, and complete exploration of economic principles. Reviewers consistently praise the Case/Fair/Oster series as one of the all-time bestselling texts in the field, renowned for its clarity and comprehensiveness.

Readers of this highly regarded work gain a fundamental understanding of how market economies operate, appreciating their strengths and identifying areas of inefficiency. With the incorporation of the latest research and new exercises, the book cultivates economic thinking, enabling readers to approach policy and even personal financial decisions with a fresh perspective.

Key Topics Covered:

  • The Scope and Method of Economics
  • The Economic Problem: Scarcity and Choice
  • Demand, Supply, and Market Equilibrium
  • Demand and Supply Applications
  • Elasticity
  • Household Behavior and Consumer Choice
  • The Production Process: The Behavior of Profit-Maximizing Firms
  • Short-Run Costs and Output Decisions
  • Long-Run Costs and Output Decisions
  • Input Demand: The Labor and Land Markets
  • Input Demand: The Capital Market and the Investment Decision
  • General Equilibrium and the Efficiency of Perfect Competition
  • Monopoly and Antitrust Policy
  • Oligopoly
  • Monopolistic Competition
  • Externalities, Public Goods, and Common Resources
  • Uncertainty and Asymmetric Information
  • Income Distribution and Poverty
  • Public Finance: The Economics of Taxation
  • Introduction to Macroeconomics
  • Measuring National Output and National Income
  • Unemployment, Inflation, and Long-Run Growth
  • Aggregate Expenditure and Equilibrium Output
  • The Government and Fiscal Policy
  • Money, the Federal Reserve, and the Interest Rate
  • The Determination of Aggregate Output, the Price Level, and the Interest Rate
  • Policy Effects and Cost Shocks in the AS/AD Model
  • The Labor Market in the Macroeconomy
  • Financial Crises, Stabilization, and Deficits
  • Household and Firm Behavior in the Macroeconomy: A Further Look
  • Long-Run Growth
  • Alternative Views in Macroeconomics
  • International Trade, Comparative Advantage, and Protectionism
  • Open-Economy Macroeconomics: The Balance of Payments and Exchange Rates
  • Economic Growth in Developing Economies
  • Critical Thinking about Research

Book Details:

  • Title: Principles of Economics
  • Author: Karl E. Case (part of the acclaimed Case/Fair/Oster author team)
  • Edition: 12th
  • Publisher: Pearson
  • Publication Date: January 7, 2016
  • ISBN-10: 9780134078779
  • ISBN-13: 978-0134078779