Economics Is Everywhere
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Hamermesh (economics, U. of Texas at Austin) presents 400 vignettes inspired by everyday events from news articles, films, family, and popular culture. These vignettes help students apply what they are learning in introductory microeconomics courses by formally analyzing economics examples found in everyday life. Vignettes cover topics such as opportunity cost and trade-offs, supply and demand, elasticity, competitive markets, and monopoly behavior. Each vignette is followed by an analytical question, and some ask for the drawing of graphs to further illustrate the key concept presented. Annotation ©2004 Book News, Inc., Portland, OR
Introduction. Thinking About Economics EverywherePart I. Trade-Offs, Demand and Supply, and the ConsumerChapter 1. Trade-offs and Opportunity CostChapter 2. Demand and Supply CurvesChapter 3. Demand and Supply Together—Quantity and Price in Unrestricted MarketsChapter 4. Demand and Supply—Quantity and Price in Restricted MarketsChapter 5. The Consumer—Elasticity and IncentivesChapter 6. The Consumer—How to Choose Tips on Hunting for Economics Everywhere in Part IPart II. Costs, Production, and MarketsChapter 7. Cost and ProductionChapter 8. The Firm in the Short Run—Fixed and Variable CostsChapter 9. Competitive Markets in the Long RunChapter 10. Competitive Markets—Responses to ShocksChapter 11. Social OptimaChapter 12. Monopoly and Monopolistic CompetitionChapter 13. Price DiscriminationChapter 14. Oligopoly (including Game Theory) Tips on Hunting for Economics Everywhere in Part IIPart III. Input Markets, the Public Sector, and International MarketsChapter 15. Present Value and DiscountingChapter 16. Wage DifferencesChapter 17. Labor Market Behavior and PovertyChapter 18. Externalities, Public Goods, and Property RightsChapter 19. Taxes and Public ExpendituresChapter 20. International Economics Tips on Hunting for Economics Everywhere in Part IIIGlossary/Index (combined)
