Frank/Bernanke also encourages students to become “Economic Naturalists,” by employing basic economic principles to understand and explain what they observe in the world around them. An economic naturalist understands, for example, that infant safety seats are required in cars but not in airplanes because the marginal cost of space to accommodate these seats is typically zero in cars but often hundreds of dollars in airplanes. Such examples engage student interest while teaching them to see each feature of their economic landscape as the reflection of an implicit or explicit cost-benefit calculation.
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Part I Introduction
Ch 1 Thinking Like an Economist
Ch 2 Comparative Advantage
Ch 3 Supply and Demand
Part II Macroeconomics: Data and Issues
Ch 4 Spending, Income, and GDP
Ch 5 Inflation and the Price Level
Ch 6 Wages and Unemployment
Part III The Economy in the Long Run
Ch 7 Economic Growth
Ch 8 Saving, Capital Formation, and Financial Markets
Ch 9 The Financial System, Money, and Prices
Part IV The Economy in the Short Run
Ch 10 Short-Term Fluctuations
Ch 11 Spending and Output in the Short Run
Ch 12 Stabilizing the Economy: The Role of the Federal Reserve
Ch 13 Aggregate Demand and Aggregate Supply
Ch 14 Macroeconomic Policy
Part V The International Economy
Ch 15 Exchange Rates and the Open Economy
Ch 16 International Trade and Capital Flows
Glossary
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Descrizione libro Paperback. Condizione: Brand New. 4th edition. 640 pages. 10.50x8.25x0.75 inches. In Stock. Codice articolo 0073362654