Economics A Tool for Critically Understanding Society

Economics: A Tool for Critically Understanding Society,9/e, offers a clear, simple introduction to economic analysis in a style that is ideal for a one-semester introductory course. The authors take a historical perspective, presenting economic theories and their connections to a wide variety of schools of thought. The goal is to help students use economic concepts to analyze todayrs"s issues, to think about everyday decisions, and to examine their preconceived ideas and beliefs.

Part 1: Economic Methodology, History, and the Development of Modern Economic Thought

Chapter 1: Economics as a Social Science
Chapter 2: The Evolution of Economic Systems
Chapter 3: Adam Smith, Classical Liberalism, and the Division of Labor
Chapter 4: Karl Marx and the Socialist Critique of Capitalism
Chapter 5: The Rise and Fall of Laissez-Faire in the U.S. Economy

Part 2: Microeconomics

Chapter 6: Scarcity: “You Can’t Always Get What You Want”
Chapter 7: The Theory of Markets
Chapter 8: Perfect Competition and Efficiency
Chapter 9: Noncompetitive Markets and Inefficiency
Chapter 10: Resource Markets and the Distribution of Income
Chapter 11: Corporations and Labor Unions
Chapter 12: The Economic Role of Government

Part 3: Macroeconomics

Chapter 13: Macroeconomics: Issues and Problems
Chapter 14: Macroeconomic Theory: Classical and Keynesian Models
Chapter 15: Fiscal Policy: Government Spending and Taxation
Chapter 16: Financial Markets, Money, and Monetary Policy
Chapter 17: Aggregate Demand and Aggregate Supply
Chapter 18: Unemployment, Inflation, and Stabilization Policy in a Global Economy

Part 4: International Economics and Finance

Chapter 19: International Trade and Interdependence
Chapter 20: International Finance
Chapter 21: The Economics of Developing Nations
Chapter 22: Modern Economic Systems