Survey of Economics: Principles and Tools

Repeatedly emphasizing five key principles related to opportunity cost, marginal benefits relationship to marginal cost, diminishing returns, cost and benefits spillover, and the real value of money or income; this text introduces students to basic theories and methods of economics. Chapters discuss market equilibrium, measuring responsiveness, production and cost, monopolies, public goods, the labor market, unemployment and inflation, economic growth, aggregate supply and demand, Keynesian economics, the banking system and the Federal Reserve, monetary policy and inflation, and international trade and finance. The CD-ROM contains self-assessment quizes, tutorial walk-throughs of key graphs, and a graph builder application. Annotation c. Book News, Inc., Portland, OR (booknews.com)