Book Description
Designed for the Survey of Economics course, Economics: Theory and Practice introduces students to basic economic concepts, institutions, relationships, and terminology.
This text prepares students to use economic thinking in their classes, careers, and everyday lives. Flexible in approach, instructor-friendly in structure, and student-friendly in language, Economics: Theory and Practice contains an essential coverage of both microeconomics and macroeconomics, in any sequence.
Whether addressing topics such as the effects of inflation on interest rates or an economy's response to a price increase in consumer goods, no Survey of Economics course is complete without Patrick and Gerry Welch's classic text.
Table of Contents
- Cover
- Title
- Copyright
- Wiley
- Preface
- Brief Contents
- Contents
- PART ONE Introduction to Economics
-
PART TWO The Macroeconomy
- CHAPTER 4 Goals and Problems of the Macroeconomy: Employment, Prices, and Production
- CHAPTER 5 Foundations of the Macroeconomy
- CHAPTER 6 The Role of Government in the Macroeconomy
- CHAPTER 7 Money, Financial Institutions, and the Federal Reserve
- CHAPTER 8 Money Creation, Monetary Theory, and Monetary Policy
- CHAPTER 9 Macroeconomic Viewpoints and Models
- PART THREE The Microeconomy
- PART FOUR The International Economy
- Glossary
- Answers to “Test Your Understanding”
- Index