Principles of Economics by Rodney Thom (English) Paperback Book

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Focuses on seven core principles of economics, which help students to make the link between economic theory and practice. This book includes exercises, problems and examples, that help students to employ economics principles to understand and explain the world around them.

FORMATPaperback LANGUAGEEnglish CONDITIONBrand New Publisher Description

With an accessible approach, the third European edition of Principles of Economics provides students with the tools to analyze current economic issues. The book is underpinned by a focus on seven Core Principles, which help students to make the link between economic theory and practice. The 'economic naturalist' approach, supported by exercises, problems and examples, encourages students to employ economics principles to understand and explain the world around them.Developed from the well-regarded US textbook by Frank and Bernanke, it presents an intuitive approach to economics and is suitable for all students taking a Principles of Economics course.

Author Biography

Moore McDowell teaches at the University College Dublin.Rodney Thom teaches at the University College Dublin.Ivan Pastine teaches at the University College Dublin.Professor Heffetz received his B.A. in physics and philosophy from Tel Aviv University in 1999 and his Ph.D. in economics from Princeton University in 2005. He is an Associate Professor of Economics at the Samuel Curtis Johnson Graduate School of Management at Cornell University, where he has taught since 2005. Bringing the real world into the classroom, Professor Heffetz has created a unique macroeconomics course that introduces basic concepts and tools from economic theory and applies them to current news and global events. His popular classes are taken by hundreds of students every year, on the Cornell Ithaca campus and, via live videoconferencing, in dozens of cities across the U.S., Canada, and beyond. Professor Heffetz s research studies the social and cultural aspects of economic behavior, focusing on the mechanisms that drive consumers choices and on the links between economic choices, individual well-being, and policymaking. He has published scholarly work on household consumption patterns, individual economic decision making, and survey methodology and measurement. He was a visiting researcher at the Bank of Israel during 2011, is currently a Faculty Research Fellow at the National Bureau of Economic Research (NBER), and serves on the editorial board of Social Choice and Welfare.2022 Nobel Prize winner, Professor Bernanke received his B.A. in economics from Harvard University in 1975 and his Ph.D. in economics from MIT in 1979. He taught at the Stanford Graduate School of Business from 1979 to 1985 and moved to Princeton University in 1985, where he was named the Howard Harrison and Gabrielle Snyder Beck Professor of Economics and Public Affairs where he served as chair of the Economics Department. Professor Bernanke is currently a Distinguished Fellow in Residence with the Economic Studies Program at the Brookings Institution.Professor Bernanke was sworn in on February 1, 2006, as chair and a member of the Board of Governors of the Federal Reserve System; his second term expired January 31, 2014. Professor Bernanke also served as chair of the Federal Open Market Committee, the Fed s principal monetary policymaking body. Professor Bernanke was also chair of the President s Council of Economic Advisers from June 2005 to January 2006. Professor Bernanke s intermediate textbook, with Andrew Abel and Dean Croushore, Macroeconomics, 9th Edition (Addison-Wesley, 2017), is a best-seller in its field. He has authored numerous scholarly publications in macroeconomics, macroeconomic history, and finance. He has done significant research on the causes of the Great Depression, the role of financial markets and institutions in the business cycle, and measurement of the effects of monetary policy on the economy.Professor Bernanke has held a Guggenheim Fellowship and a Sloan Fellowship, and he is a Fellow of the Econometric Society and of the American Academy of Arts and Sciences. He served as the director of the Monetary Economics Program of the National Bureau of Economic Research (NBER) and as a member of the NBER s Business Cycle Dating Committee. From 2001 to 2004 he served as editor of the American Economic Review, and as president of the American Economic Association in 2019. Professor Bernanke s work with civic and professional groups includes having served two terms as a member of the Montgomery Township (New Jersey) Board of Education.In 2022, Dr. Bernanke, was awarded the Nobel Prize in Economics in Stockholm, Sweden. He was awarded the Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel 2022 for his work on bank runs and measures to prevent them. He changed our understanding of economic downturns. Dr. Bernanke s research showed how bank runs and failed monetary policy prolonged the Great Depression (1929-1939). Bernanke s work was invaluable during the 2008 global financial crisis when, as Fed Chair, he applied the lessons from the great depression and pioneered the emergency lending programs the central banks used to address the crisis.

Table of Contents

Part 1: Introduction1. Thinking Like An Economist2. Markets, Specialisation and Economic Efficiency3. Markets, Supply, Demand and ElasticityPart 2: Competition and the 'Invisible Hand'4. Demand: The Benefit Side of the Market5. Perfectly Competitive Supply: the Cost Side of the Market6. Efficiency and Exchange7. Profits, Entry and Exit: The Basis for the 'Invisible Hand'Part 3: Market Imperfections 1: Market Power8. Imperfect Competition and the Consequences of Market Power9. Thinking Strategically 1: Interdependence, Decision Making and the Theory of Games10. Thinking Strategically 2: Competition Among the FewPart 4: Market Imperfections 2: Externalities, Information, Distribution and the Role of the Government in a Market Economy11. Externalities and Property Rights12. The Economics of Information13. Labour Markets, Income Distribution, Wealth and Poverty14. Government in the Market Economy: Public Sector Production and Regulation15. The Credit Crunch and the Great Contraction: An Application of Some Micro-economics to Help Explain a Macro-economic Crisis Part 5: Macroeconomics: Issues and Data16. Macroeconomics: the Bird's Eye View of the Economy17. Measuring Economic Activity: Gross Domestic Product18. Measuring the Price Level and Inflation19. The Labour Market: Wages and UnemploymentPart 6: The Economy in the Long Run20. Economic Growth, Productivity and Living Standards21. Capital Markets: Saving, Investment and Financial Intermediaries Part 7: The Economy in the Short Run22. Short-Term Economic Fluctuations23. Money and Interest Rates24. The IS-LM Model25. Stabilising the Economy 1: the Role of Fiscal Policy26. Stabilising the Economy 2: the Role of Monetary Policy27. Aggregate Demand, Aggregate Supply and Inflation28. The New Keynesian Phillips Curve: Expectations and Inflation Policy Part 8: The International Economy29. Exchange Rates, Capital Flows and the Balance of Payments

Details ISBN0077132734 Year 2012 ISBN-10 0077132734 ISBN-13 9780077132736 Media Book Short Title PRINCIPLES OF ECONOMICS MOORE Language English Pages 864 Series Uk Higher Education Business Economics Publication Date 2012-03-16 Format Paperback UK Release Date 2012-03-16 Imprint McGraw Hill Higher Education Place of Publication London Country of Publication United States AU Release Date 2012-03-16 NZ Release Date 2012-03-16 US Release Date 2012-03-16 Author Moore McDowell Publisher McGraw-Hill Education - Europe Edition Description 3rd edition Edition 3rd DEWEY 330 Audience Tertiary & Higher Education We've got this

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