Economics, 4th Edn

Contents:

Part 1 Introduction: Modern Economics • Thinking Like an Economist • Part 2 Perfect Markets: Demand, Supply, and Price • Using Demand and Supply • The Consumption Decision- The Firm's Costs • The Competitive Firm • Labor Markets • Capital Markets • The Efficiency of Competitive Markets • Part 3 Imperfect Markets: Introduction to Imperfect Markets • Monopoly, Monopolistic Competition, and Oligopoly • Government Policies Toward Competition • Strategic Behavior • Imperfect Information in the Product Market • Imperfections in the Labor Market • Part 4 Issues In Public Policy: The Public Sector • Environmental Economics • International Trade and Trade Policy • Technological Change • Part 5 Introduction To Macroeconomics: Macroeconomics and the Economic Perspective • Measuring Output and Unemployment • The Cost of Living and Inflation • Part 6 Full-Employment Macroeconomics: The Full-Employment Model • Government Finance at Full Employment • The Open Economy at Full Employment • Growth and Productivity • Money, the Price Level and the Federal Reserve • Part 7 Macroeconomic Fluctuations: Introduction to Macroeconomic Fluctuations • Aggregate Expenditures and Income • Aggregate Demand and Inflation • The Federal Reserve and Interest Rates • The Role of Macroeconomic Policy • Part 8 The Global Economy: The International Financial System • Policy in the Open Economy • Development and Transition • Part 9 Further Topics In Macroeconomics: Inflation and Unemployment • Controversies in Macroeconomic Policy • A Student's Guide to Investing

About the authors: 

Joseph E. Stiglitz of Columbia University was the co-recipient of the Nobel Prize in Economic Science in 2001, the highest honor possible for an economist. During the late 1990s he was the chairperson of President Clinton's Council of Economic Advisors and Chief Economist at the World Bank. The profound contributions that Professor Stiglitz has made to both the understanding and practice of economics are unequalled.

Carl E. Walsh of the University of California, Santa Cruz is internationally recognized as one of the leading monetary economists of his generation. He is one of the most sought-after experts on central banking, and his contributions have had an impact on both the theory and practice of central banks around the world. He is also an award-winning educator.