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Table Of Contents

Introduction
1.1 Economics defined 1
1.1 Economics defined
1.2 The scope of economics
1.3 Allocating resources
1.4 Adam Smith and the invisible hand of free enterprise
1.5 Economic performance: An overview
1.6 Prospectus
Production Possibilities
2.1 Overview
2.2 The production transformation curve
2.3 Opportunity cost and the MRT
2.4 Linear programming
2.5 The gains from trade
2.6 Methodological note
Appendix 2.1. Alternative proof of a fundamental proposition
3.1 Overview
3.2 The Middletown housing market, a parable
3.3 The Econoland corn market
3.4 Demand and supply curve shifters
3.5 Elasticity
3.6 Some applications
3.7 Foreign exchange rates
3.8 Taxes
Maximizing Satisfaction
4.1 Introduction
4.2 One good and two consumers
4.3 Two goods and one consumer
4.4 Indifference curve applications
4.5 The box diagram — Two goods and two consumers
Appendix 4.1. Lagrangian Multipliers
5.1 Introduction
5.2 Organization of the firm
5.3 Profits and accounting
5.4 The technological constraint
5.5 Maximizing profit
5.6 Management science illustrated: OLS & JIT
Market Structure
6.1 Overview
6.2 Competitive markets
6.3 Monopoly versus competition
6.4 Monopolistic competition
6.5 Oligopoly
6.6 Antitrust action
Distribution: Who Gets What?
7.1 Overview
7.2 Measuring inequality
7.3 Rewards: Wages, productivity, exploitation and monopsony
7.4 Government and the distribution of income
Monitoring Economic Performance
8.1 Overview — Macro versus micro 333
8.1 Overview — Macro versus micro
8.2 An economic report card
8.3 Unemployment
8.4 Inflation arithmetic
8.5 How to live with inflation
8.6 Business cycles
Appendix 8.1. Compound interest
GDP Accounting and the Multiplier
9.1 Overview
9.2 GDP, disposable income and consumption spending
9.3 The simple multiplier: Depression economics
9.4 A simple model of the business cycle
9.5 Critique and qualifications — Shrinking multipliers
Money, Prices and Output
10.1 Overview
10.2 Explaining investment and the IS curve
10.3 The money supply
10.4 Money and interest rates
10.5 Aggregate demand — Aggregate supply
10.6 Monetarists versus Keynesians
Dynamics, Expectations and Inflation
11.1 Introduction 497
11.1 Introduction
11.2 Market dynamics
11.3 Inflation, unemployment and the Phillips curve
11.4 Rational expectations
11.5 What should central bankers do?
Appendix 11.1. Solving first order linear difference equations
12.4 Growth accounting — The sources of economic growth
12.5 A neo-classical model of the growth process
12.6 Population trends
12.7 Exhaustible resources
12.8 Renewable resources — Over-fishing
12.9 Conclusions
Appendix 1. Further Reading
Appendix 2. Web Resources
Index
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031 World Scientific,.Economics With Calculus[1]

031 World Scientific,.Economics With Calculus[1]

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Published by Arianne Dumayas

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Published by: Arianne Dumayas on Aug 05, 2011
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08/06/2011

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