Economics: Theory and Practice - Softcover

Gerry F. Welch Patrick J. Welch

Softcover

ISBN 10: 0030244765 ISBN 13: 9780030244766

Publisher: Harcourt Brace College Publishers, 1997

Synopsis

The Sixth Edition of this book provides a thorough grounding in supply and demand theory and an introduction to institutions. Simple conceptual models are reinforced by institutional examples and real–world applications to help the reader understand key economic relationships and terms.

About this title

Synopsis

A concise treatment of all core topics in economics, the sixth edition of Economics: Theory and Practice provides a thorough grounding in supply and demand theory and an introduction to institutions. Simple conceptual models are reinforced by institutional examples and real-world applications helping students understand key economic relationships and terms. This balanced presentation of macro- and microeconomics is ideally suited for one-term courses in both two and four-year institutions. Features: * Balanced coverage of macroeconomics and microeconomics exposes students to all core concepts of economics. * Excellent pedagogical features include chapter objectives, discussion and review questions, and a marginal glossary of key terms. * In-depth coverage of price elasticity in Chapter 3 provides a solid background for understanding the chapters in microeconomics. * Two major sections on economic growth and alternative macroeconomic viewpoints (Chapter 9) include current, theoretically complete discussions of the classical, Keynesian, monetarist, and new classical and supply-side schools. * Although the book covers the macroeconomy first, it can easily be adapted for a Microeconomics first curriculum. * Applications cover a variety of international topics, including trade and finance. * "Test Your Understanding", "Up For Debate" boxes and "Critical Thinking Cases" are in each Chapter. New to this edition: * New four-colour design. * New Chapter 9 updates the coverage of the different Macro models and viewpoints, this allows the instructor to give students a thorough coverage of the different schools of thought or pick the one they want to emphasize. * New "Up for Debate" boxes now are in a Pro/Con format. * All data, graphs, and tables have been updated with the latest 1996 economics numbers.

About this edition

• Publisher: Harcourt Brace College Publishers
• Publication date: 1997
• ISBN 10: 0030244765
• ISBN 13: 9780030244766
• Binding: Paperback
• Number of pages: 678