Instant download Economics Today 18th Edition Roger LeRoy Miller Test Bank pdf docx epub after payment.
Product Details:
- ISBN-10 : 0133882284
- ISBN-13 : 978-0133882285
- Author:
Table of contents:
Part 1 Introduction
- 1 The Nature of Economics
- Learning Objectives
- The Power of Economic Analysis
- Defining Economics
- Microeconomics versus Macroeconomics
- Example Microeconomic and Macroeconomic Implications of the Gig Economy
- For Critical Thinking
- The Three Basic Economic Questions and Two Opposing Sets of Answers
- The Three Basic Questions
- Two Opposing Sets of Answers
- Centralized Command and Control
- The Price System
- Mixed Economic Systems
- The Economic Approach: Systematic Decisions
- The Rationality Assumption
- Responding to Incentives
- International Policy Example Greece Discovers That Higher Tax Rates Encourage More Tax Evasion
- For Critical Thinking
- Defining Self-Interest
- Behavioral Example Why Doesn’t Higher Pay Persuade Some Women to Avoid Traditional Gender Roles?
- For Critical Thinking
- Economics as a Science
- Models and Realism
- Assumptions
- Example Getting Directions
- For Critical Thinking
- The Ceteris Paribus Assumption: All Other Things being Equal
- Deciding on the Usefulness of a Model
- Models of Behavior, Not Thought Processes
- Behavioral Economics and Bounded Rationality
- Bounded Rationality
- Rules of Thumb
- Behavioral Economics Goes Mainstream
- Positive versus Normative Economics
- Distinguishing between Positive and Normative Economics
- A Warning: Recognize Normative Analysis
- What You Should Know
- Problems
- References
- Appendix A Reading and Working with Graphs
- Direct and Inverse Relationships
- Constructing a Graph
- A Number Line
- Combining Vertical and Horizontal Number Lines
- Graphing Numbers in a Table
- The Slope of a Line (A Linear Curve)
- Slopes of Linear (Straight-Line) Curves
- Slopes of Nonlinear Curves
- Slope Varies along a Nonlinear Curve
- Measuring Slope at a Point along a Nonlinear Curve
- What You Should Know
- Problems
- 2 Scarcity and the World of Trade-Offs
…
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