Economics: A Tool for Critically Understanding Society, 6/E
Tom Riddell, Smith College
Jean A Shackelford, Bucknell University
Steve C. Stamos, Bucknell University
Geoff Schneider, Bucknell University

ISBN-10: 0201704161
ISBN-13: 9780201704167

Publisher: Addison-Wesley
Copyright: 2002
Format: Paper; 592 pp
Status: Out of Print

Suggested retail price: $96.80
This item is out of print and is no longer available for purchase.

The Sixth Edition of Economics: A Tool for Critically Understanding Society develops fundamental economic analysis tools in clear, simple, and understandable terms. This one-semester text introduces students to economic theories and ideas and how those theories and ideas have changed over time. The text's overarching goal is to encourage critical thinking and to challenge students to examine preconceived ideas and beliefs. It exposes various and contending schools of economic thought and successfully gives students perspective on the historical changes in the material conditions, economic institutions, and social relations of human society. By providing students with an opportunity to use economic concepts in solving real-world problems, Economics: A Tool for Critically Understanding Society prepares a foundation for future and continued learning.

  • NEW - NEW! Sections on the stock market boom of the late nineties, the role of Greenspan's Fed, and the relationship between productivity and economic growth.
  • NEW - NEW! Section focusing on Joseph Schumpeter.
  • Revised “Thinking Critically” sections that present contrasting views of important economic issues.
  • Updated economic data and commentary on policy and issues.
  • Significantly revised Part III with a more focused discussion on choice and a new section on strategic behavior.
  • Continued emphasis in Part IV on the operation of the macroeconomy in an international context.
  • Continued focus in Part V on international trade, finance, development and transition economies.

I. ECONOMICS AS A TOOL FOR CRITICAL THINKING IN A CHANGING GLOBAL ECONOMY.

1. Economics as a Social Science.

2. Exploring the Emerging Global Economy.

II. ECONOMIC HISTORY AND THE DEVELOPMENT OF MODERN ECONOMIC THOUGHT.

3. The Evolution of Economic Systemst.

4. Property, Adam Smith, and the Division of Labor.

5. The Rise of Laissez-Faire.

6. The Marxian Critique of Capitalism.

III. MICROECONOMICS.

7. Scarcity: “You Can't Always Get What You Want”.

8. The Theory of Markets.

9. Perfect Competition and Efficiency.

10. Noncompetitive Markets and Inefficiency.

11. Resource Markets and the Distribution of Income.

12. Corporations and Labor Unions.

13. The Economic Role of Government.

IV. MACROECONOMICS.

14. Macroeconomics: Issues and Problems.

15. The Classical and Keynesian Models of the Macroeconomy.

16. Fiscal Policy: Government Spending and Taxation.

17. Financial Markets, Money, and Monetary Policy.

18. Aggregate Demand and Aggregate Supply.

19. Unemployment, Inflation, and Stabilization Policy in a Global Economy.

V. INTERNATIONAL ECONOMICS AND FINANCE.

20. International Trade and Interdependence.

21. International Finance.

22. The Economics of Developing Nations.

23. Economic Systems in Transition.

    Economics: A Tool for Critically Understanding Society offers a clear, simple introduction to economic analysis in a style that is ideal for a one-semester introductory course. The authors take a historical perspective, presenting economic theories and their connections to a wide variety of schools of thought. The goal is to help students use economic concepts to analyze today’s issues, to think about everyday decisions, and to examine their preconceived ideas and beliefs.
  • 0321423585Economics: A Tool for Critically Understanding Society, 8/E
    Riddell, Shackelford, Stamos & Schneider
    © 2008 | Addison-Wesley | Paper; 648 pages | Instock
    ISBN-10: 0321423585 | ISBN-13: 9780321423580
    Brief Description | Buy from myPearsonStore

For One-Semester Principles of Economics


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