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A STREAMLINED COURSE FOR STUDENTS & BUSINESS PEOPLE – 2ND ED

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Contact:Howard Walker
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Description

BARRON’S BUSINESS REVIEW SERIES

Kingston – Books 15 – IMG_6287

Author: Walter W. Wessels

Publisher: Barron’s Business Review Series

Charts; Graphs and Tables

PREFACE

The goal of this text is singular: to help you understand economics so that you will do better in class and in business, and to do this as clearly and concisely as possible.  The strong positive response for the first edition shows that this goal was achieved.  We have revised this text to bring you up-to-date with current economic understanding.  Some of the new topics covered are game theory, real business cycle models, total quality management, the random walk model of the stock market, and the economic role of financial markets.

Both students taking economics who want to do better in economic class and business professionals who want to understand better the economic environment they compete in will find this book beneficial.  Unlike most texts, we test your understanding throughout each chapter with problems and answers, so that small misunderstandings do not grow.  And unlike most study guides, we give you complete explanations and useful examples to help you do these problems.

Throughout this guide, you will find it easy to learn the essentials of economics, especially if you follow the procedure outlined:

  1. Learn the Definitions and Main Points.
  2. Work Each Example and Graph.
  3. Do All Problems.
  4. Understand the Assumptions Being Made.

An understanding of economics is essential for understanding the economic events that affect us all.  Carefully studying this book in the way I’ve outlined will help you gain that understanding.

Provides an overview of the essential concepts of economics, discusses microeconomics and macroeconomics, and includes a section on international trade.

ESSENTIALS OF ECONOMICS

Contents in Brief

  1. WHAT IS ECONOMICS ALL ABOUT?
  2. HOW TO USE GRAPHS IN ECONOMICS
  3. SUPPLY AND DEMAND: PART ONE
  4. SUPPLY AND DEMAND: PART TWO

MACROECONOMICS: AGGREGATE SUPPLY AND DEMAND

  1. MEASURING NATIONAL OUTPUT
  2. INFLATION AND UNEMPLOYMENT
  3. AGGREGATE DEMAND AND SUPPLY; THE KEY TO MACROECONOMICS
  4. AGGREGATE DEMAND IN THE PRIVATE SECTOR; THE KEYNESIAN MODEL
  5. AGGREGATE SUPPLY AND GETTING TO FULL EMPLOYMENT

MACROECONOMICS: FISCAL AND MONETARY POLICY

  1. FISCAL POLICY: GOVERNMENT SPENDIG AND TAXATION
  2. THE SUPPLY OF MONEY
  3. MONEY AND THE AGGREGATE DEMAND; KEYNESIAN MODEL
  4. MONEY AND THE AGGREGATE DEMAND: MONETARIST MODEL
  5. INFLATION AND UNEMPLOYMENT
  6. RATIONAL EXPECTATIONS AND OTHER MODELS OF THE BUSINESS CYCLE

MICROECONOMICS: CONSUMER AND COST

  1. ELASTICITY
  2. THE THEORY OF DEMAND
  3. COST AND OUTPUT

MICROECONOMICS: COMPETITION AND MONOPOLY

  1. COMPETITIVE SUPPLY
  2. MARKETS, COMPETITION, AND GROWTH
  3. MONOPOLIES
  4. BETWEEN MONOPOLY AND COMPETITION
  5. EFFICIENCY AND REGULATION

MICROECONOMICS: WHAT PEOPLE EARN

  1. FACTOR DEMAND AND PRODUCTIVITY
  2. WAGES, LABOR MARKETS AND UNIONS
  3. RENT, INTEREST, AND PROFITS

MICROECONOMICS:  GOVERNMENT AND THE ECONOMY

  1. PUBLIC CHOICE AND EXTERNALITIES
  2. GOVERNMENT SPENDING AND TAXATION

INTERNATIONAL TRADE

  1. INTERNATIONAL TRADE
  2. EXCHANGE RATES AND THE INTERNATIONAL MONETARY SYSTEM

APPENDIX

Glossary

List of Abbreviations

Elements of Accounting

      The Balance Sheet

      The Income Statement

      How to Overstate Profit

Sources of Economic Data

Business Cycle Indicators

Review and Additional Material

      The Geometry of Profit Maximizing

      The Algebra of Income Determination in the Keynesian Model

      Summary of Macroeconomic Models

INDEX

Paperback  516 pages  ISBN: 0-8120-1392-1

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