Economics by Example 2nd Edition by David 1319020887 9781319020880

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ISBN 10: 1319020887
ISBN 13: 9781319020880
Author: David A. Anderson

Economics by Example introduces the principles of economics with enticing, real-life applications. The goal is to help readers understand how their lives are immersed in economics as they learn critical concepts. The thirty chapters address hot topics such as globalization, Internet piracy, legal reform, outsourcing, environmental policy, immigration, and big-box retailing, all within the framework of economic principles. In a refreshing pedagogical approach, stories rather than diagrams explain economic concepts in the context of choices and policies relevant to today

Economics by Example 2nd Table of contents:

PART 1: INTRODUCTION

CHAPTER 1 What’s to Love about Economics? Virtues of the Economic Way of Thinking

CHAPTER 2 Why Did the Cashier Let Biff Henderson Eat All the Free Mints? An Introduction to the Powe

PART 2: SUPPLY AND DEMAND

CHAPTER 3 The Coffee Market’s Hot; Why Are Bean Prices Not? Insights into Supply and Demand

CHAPTER 4 Why Was the Great Newspaper Heist So Easy? Diminishing Marginal Utility and the Price Elas

PART 3: MARKETS AND DECISIONS

CHAPTER 5 How Can Economics Influence Your Choice of a Spouse? Supply, Demand, and Price Signals in

CHAPTER 6 Is Adam Smith Rolling Over in His Grave? Perfect Competition, Efficiency, and the Father o

PART 4: PRODUCTION

CHAPTER 7 Why Are There More Members of a Band Than Professors in a Class? Diminishing Marginal Retu

CHAPTER 8 Could the Future Cost of Energy Change Life as We Know It? Production Costs and the Inesca

PART 5: CONSUMER CHOICE

CHAPTER 9 Why Is Cash the Ultimate Gift? Optimal Consumption, Deadweight Loss, and the Virtues of Fl

CHAPTER 10 Why Should We Pay for What We Throw Away? Incentives for Efficiency from Pay-per-Unit Pri

PART 6: EFFICIENCY

CHAPTER 11 Why Not Split the Check? A Briefing on Market Failure

CHAPTER 12 How Gullible Are We? Information Problems and Their Applications to Schools of Economic T

PART 7: MARKET POWER

CHAPTER 13 What’s Behind the Music Industry’s Woes? The Sound of Market Power

CHAPTER 14 Walmart: Friend or Foe? Economies of Scale, Low Prices, Low Wages, and Thinking Outside t

PART 8: RISK, UNCERTAINTY, AND THE MARKET

CHAPTER 15 What Is the Value of Human Life? Reasons and Methods for Placing Finite Values on Unident

CHAPTER 16 Do Potential Criminals Contemplate Their Fates? Making Incentives Matter in the Face of R

PART 9: PUBLIC POLICY

CHAPTER 17 Should Damage Awards in Lawsuits Be Capped? Benefits and Costs of Limiting the Burden of

CHAPTER 18 What’s to Love about Taxes? Free Riding on Public Goods, Deadweight Loss, and the Lesse

PART 10: TECHNOLOGY AND INNOVATION

CHAPTER 19 Will Technology Put Us All Out of Work? Unemployment, Creative Destruction, and Quality o

CHAPTER 20 Do Pharmaceutical Patents Cost Lives or Save Them? Balancing Incentives for Innovation wi

PART 11: THE MACROECONOMY

CHAPTER 21 Why Do We Neglect Leisure and Cheer for Divorce? The Divergence of Gross Domestic Product

CHAPTER 22 Does the Money Supply Matter? Money, the Fed, and the Debate over Optimal Monetary Policy

PART 12: GROWTH AND EMPLOYMENT

CHAPTER 23 What’s to Like about Outsourcing? The Influence of International Labor Markets

CHAPTER 24 Do Tree Huggers Deter Growth and Employment? Myths, Labor Markets, and Environmentalism

PART 13: MACROECONOMIC POLICY

CHAPTER 25 How Much Debt Is Too Much? Expenditure Smoothing, Ricardian Equivalence, Crowding Out, an

CHAPTER 26 What Is the Role of Government? Political–Economic Systems, Snags in Private Solutions,

PART 14: INTERNATIONAL ECONOMICS

CHAPTER 27 Is Globalization a Bad Word? Comparative Advantage, Culture Clashes, and Organizations Me

CHAPTER 28 Why Are Some Nations Rich and Others Poor? Growth Models, Miracles, and the Determinants

PART 15: GLOBAL ISSUES

CHAPTER 29 Pollution: How Might Economics Help Save the Planet? Cap-and-Trade Programs as a Market S

CHAPTER 30 Immigration: How Welcoming Should Lady Liberty Be? The Costs and Benefits of Relatively O

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