Economics. ([2017])

• Record Type: Book
• Authors: Parkin, Michael, 1939-; Powell, Melanie; Matthews, Kent
• Contents: Cover -- Title page -- Copyright page -- About the Authors -- Brief Contents -- Contents -- Guided Tour for Students -- Preface -- Publisher'sAcknowledgments -- Part 1 The Scope of Economics -- Chapter 1 What Is Economics? -- A Definition of Economics -- Two Big Economic Questions -- What, How and For Whom? -- Does the Pursuit of Self-Interest Unintentionally Promote the Social Interest? -- The Economic Way of Thinking -- A Choice Is a Trade-Off -- Making a Rational Choice -- Benefi t: What You Gain -- Cost: What You Must Give Up -- How Much? Choosing at the Margin Choices Respond to Incentives -- Economics as a Social Science and Policy Tool -- Economist as Social Scientist -- Economist as Policy Adviser -- Chapter 1 Appendix: Graphs in Economics -- Graphing Data -- Scatter Diagrams -- Breaks in the Axes -- Misleading Graphs -- Correlation and Causation -- Graphs Used in Economic Models -- Variables That Move in the Same Direction -- Variables That Move in Opposite Directions -- Variables That Have a Maximum or a Minimum -- Variables That Are Unrelated -- The Slope of a Relationship -- The Slope of a Straight Line -- The Slope of a Curved Line Graphing Relationships Among More Than Two Variables -- Ceteris Paribus -- When Other Things Change -- Mathematical Note Equations of Straight Lines -- Chapter 2 The Economic Problem -- Production Possibilities and Opportunity Cost -- Production Possibilities Frontier -- Production Efficiency -- Trade-Off Along the PPF -- Opportunity Cost -- Using Resources Effi ciently -- The PPF and Marginal Cost -- Preferences and Marginal Benefit -- Effi cient Use of Resources -- Economic Growth -- The Cost of Economic Growth -- Gains from Trade -- Comparative Advantage and Absolute Advantage Achieving the Gains from Trade -- Economic Coordination -- Firms -- Markets -- Property Rights -- Money -- Circular Flows Through Markets -- Coordinating Decisions -- Economics in the News Expanding Production Possibilities -- Part 2 How Markets Work -- Chapter 3 Demand and Supply -- Markets and Prices -- A Competitive Market -- Demand -- The Law of Demand -- Demand Curve and Demand Schedule -- A Change in Demand -- A Change in the Quantity Demanded versus a Change in Demand -- Supply -- The Law of Supply -- Supply Curve and Supply Schedule -- A Change in Supply A Change in the Quantity Supplied versus a Change in Supply -- Market Equilibrium -- Price as a Regulator -- Price Adjustments -- Predicting Changes in Price and Quantity -- An Increase in Demand -- A Decrease in Demand -- An Increase in Supply -- A Decrease in Supply -- Changes in Both Demand and Supply -- Economics in the News Demand and Supply: The Market for Bananas -- Mathematical Note Demand, Supply and Equilibrium -- Price Elasticity of Demand -- Calculating Price Elasticity of Demand -- Inelastic and Elastic Demand -- The Factors That Influence the Elasticity of Demand
• Edition: Tenth European edition
• Publisher Details: Harlow, England : Pearson
• Publication Date: 2017
• Copyright Date: 2017
• Extent: 1 online resource (xxxii, 797 pages), illustrations (black and white, and colour)
• Subjects: 330; Economics; Economics; Économie politique; economics; Economics; Electronic books
• Languages: English
• ISBNs: 1292147857; 9781292147857
• Related ISBNs: 1292147822
• Notes: Note: Print version record.
• Access Rights: Legal Deposit; Only available on premises controlled by the deposit library and to one user at any one time; The Legal Deposit Libraries (Non-Print Works) Regulations (UK).
• Access Usage: Restricted: Printing from this resource is governed by The Legal Deposit Libraries (Non-Print Works) Regulations (UK) and UK copyright law currently in force.