Economics Is Everywhere

2nd Edition

By Daniel Hamermesh

Publication Date: Mar 23, 2005

ISBN:0072982608 / 9780072982602

Language: English

This product will be shipped to you.

more info

Imprint: McGraw-Hill/Irwin Publisher: McGraw-Hill Education Dimensions: 8.4 X 5.5 Inches (US)

Summary
Table of Contents

Main Description

The purpose of Economics Is Everywhere by Daniel S. Hamermesh is to illustrate the wide range of daily activities to which an economic way of thinking can be applied. The 400 vignettes were inspired by news stories, television shows, movies, music, family events, and other facets of daily life. Some vignettes were suggested by students or colleagues. The book is organized into three parts to follow the topical arrangement of a typical introductory microeconomic textbook. These vignettes apply what students learn in their introductory microeconomics textbook. They focus on the student's ability to apply formal analysis with myriad of examples that come out of their daily activities. After studying this applications/issues book, students will be able to read a newspaper or magazine and understand their own daily activities in a new, economic way--and as a result, understand the economics at work around them.

Introduction. Thinking About Economics Everywhere

Part I. Trade-Offs, Demand and Supply, and the Consumer

Chapter 1. Trade-offs and Opportunity Cost

Chapter 2. Demand and Supply Curves

Economics Is Everywhere

Introduction. Thinking About Economics Everywhere

Part I. Trade-Offs, Demand and Supply, and the Consumer

Chapter 1. Trade-offs and Opportunity Cost

Chapter 2. Demand and Supply Curves

Chapter 3. Demand and Supply Together—Quantity and Price in Unrestricted Markets

Chapter 4. Demand and Supply—Quantity and Price in Restricted Markets

Chapter 5. The Consumer—Elasticity and Incentives

Chapter 6. The Consumer—How to Choose

Tips on Hunting for Economics Everywhere in Part I

Part II. Costs, Production, and Markets

Chapter 7. Cost and Production

Chapter 8. The Firm in the Short Run—Fixed and Variable Costs

Chapter 9. Competitive Markets in the Long Run

Chapter 10. Competitive Markets—Responses to Shocks

Chapter 11. Social Optima

Chapter 12. Monopoly and Monopolistic Competition

Chapter 13. Price Discrimination

Chapter 14. Oligopoly (including Game Theory)

Tips on Hunting for Economics Everywhere in Part II

Part III. Input Markets, the Public Sector, and International Markets

Chapter 15. Present Value and Discounting

Chapter 16. Wage Differences

Chapter 17. Labor Market Behavior and Poverty

Chapter 18. Externalities, Public Goods, and Property Rights

Chapter 19. Taxes and Public Expenditures

Chapter 20. International Economics

Tips on Hunting for Economics Everywhere in Part III

Glossary/Index (combined)