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What does CORE mean? CoreEconomics is based on an extensive survey conducted by the author, Gerald Stone. Professor Stone asked several hundred instructors which chapters of their principles books they actually cover in their courses. Two important points emerged: - One chapter/one week. Instructors typically cover one chapter per week, or 15 chapters in a 15-week semester. - The majority of instructors teach the same 2/3 of a standard economics textbook. The overwhelming majority of instructors covers the same chapters in the bulk of their course and then spend minimal time covering additional chapters. Over 90% of professors cover a maximum of 15 chapters in their microeconomics or macroeconomics text, which typically includes 19-22 chapters. Based on this he decided to write a textbook that covers the core topics of economics in the sequence they are most commonly taught. The result is CoreEconomics, a text that provides everything you need to cover in your course in one chapter per week at 2/3 the cost of the average principles of Economics text. In this sense, core does not mean brief or abridged. Rather, it means that the textbook contains the chapters that most instructors need, but very few additional chapters or special-interest topics, such as agricultural economics, urban economics, insurance, and risk. Because CoreEconomics focuses on the core principles, it includes very few boxes, sidebars, or additional features. Rather, examples are incorporated into the main narrative of each chapter. The result is a more satisfying reading and learning experience for the student.

Tabla de contenidos provista por Syndetics

• Note: Each chapter concludes with a Chapter Summary and Questions and Problems
• Chapter 1 Exploring Economics What is Economics About?
• Microeconomics versus
• Macroeconomics Economic
• Theories and Reality Equity vs
• Efficiency Key Ideas of Economics
• Choice and Scarcity Force Tradeoffs
• Opportunity Costs Dominate
• Our Lives Rational Behavior Requires
• Thinking at the Margin People Follow Incentives
• Markets are Efficient Government
• Must Deal with Market Failure
• Information is Important Specialization and Trade
• Improve Our Lives Productivity
• Determines Our Standard of Living
• Government can Smooth the Fluctuations in the Overall Economy
• Appendix: Working with Graphs and Formulas
• Chapter 2 Production, Economic Growth and Trade Basic
• Economic Questions and Production
• Basic Economic Questions Resources, Production and Efficiency
• Production Possibilities and Economic Growth Specialization, Comparative Advantage, and Trade Absolute and Comparative Advantage
• The Gains from Trade Limits on Trade and Globalization
• Is There a Moral Dimension to Economic Growth?
• Chapter 3 Supply and Demand Markets
• The Price System Demand
• The Relationship Between Quantity Demanded and Price
• The Law of Demand The Demand Curve Market
• Demand Curves Determinants of Demand Changes in Demand Versus Changes in Quantity
• Demanded Supply
• The Relationship Between Quantity
• Supplied and Price The Law of Supply
• The Supply Curve Market Supply Curves
• Determinants of Supply Changes in Supply Versus Changes in Quantity Supplied
• Market Equilibrium Moving to a New Equilibrium: Changes in Supply and Demand Putting Supply and
• Demand to Work Excess Grape Supply and Two-Buck Chuck Trek Bicycles and Lance Armstrong
• Chapter 4 Market Efficiency, Market Failure, and Government Intervention
• Markets and Efficiency Efficient
• Market Requirements
• The Discipline of Markets Consumer and Producer Surplus: A Tool for Measuring Economic
• Efficiency Market Failures
• 1 Accurate Information is Not Widely Available: Asymmetric Information
• 2 Problems with Property Rights
• 3 Contract Enforcement Is Problematical
• 4 There Are Significant External Costs or Benefits: Externalities
• 5 Competitive Markets do Not Prevail: Monopoly Power Government Controlled Prices Price Ceilings Price Floors Taxes and Deadweight Loss Who Is Watching Your Money? Bank Regulation and Information Problems
• Chapter 5 Elasticity Elasticity of Demand
• Elasticity as an Absolute Value Measuring
• Elasticity with Percentages Elastic and Inelastic Demand
• Determinants of Elasticity Computing Price Elasticities
• Elasticity and Total Revenue Other Elasticities of Demand
• Elasticity of Supply Time and Price
• Elasticity of Supply Taxes and Elasticity
• Elasticity of Demand and Tax Bur