Economics » (9th Edition)

Roger A. Arnold is Professor of Economics at California State University, San Marcos, where his fields of specialization include general microeconomic theory and monetary theory. A widely respected authority on economic issues, Dr. Arnold is a regularly featured expert on talk radio discussing the state of the economy. He is also a proven author who has written numerous academic articles, hundreds of newspaper columns, as well as the popular Economics In Our Times textbook and principles of economics supplementary text How to Think Like an Economist. Dr. Arnold has been a member of the economics faculty at California State University Northridge, University of Oklahoma, Hillsdale College, University of Nevada Las Vegas, and California State University San Marcos. He served as chair of the economics department for two years at University of Nevada Las Vegas and for seven years at California State University San Marcos. During his tenure at UNLV he was regularly one of the top five finalists for the teacher of the year honor (in the College of Business and Economics), and in 1987 he received the best researcher of the year award. Dr. Arnold earned a B.S. in economics in 1974 from the University of Birmingham in England and received his M.A. in 1976 and his Ph.D. in 1979 from Virginia Polytechnic Institute and State University.

With coverage of macroeconomics, microeconomics, and globalization, this introductory textbook outlines basic principles and controversies in the discipline. Specific chapters discuss topics like supply and demand, prices and unemployment, GDP and real GDP, instability, fiscal policy, taxes and government spending, money and banking, the Federal Reserve system, monetary policy, expectations theory, growth, elasticity, consumer choice, production and costs, perfect competition, monopoly, game theory, the labor market, unions, poverty, interest and profit, market failure, international trade, and international finance. Arnold teaches at California State University at San Marcos. Annotation (c)2003 Book News, Inc., Portland, OR

Library Journal

Why are there no taxes in Kathmandu? Why is rent in Manhattan so high? And who really pays taxes? These and many other questions about economics of interest to a lay audience form the basis of this excellent set, which is tailor-made for public and high school libraries. The staff editors do not provide an academic treatise on the complex, technical details of economic theory or principles. Instead, they focus on translating economics into an easily understood language, making this work highly useful for students--especially at the high school level. The six volumes cover money, banking, and finance; the citizen and the economy; business operations; the U.S. economy and the world; economic theory; and economic history. With the exception of Volume 5 (on economic theory), the volumes contain numerous well-organized chapters that adequately cover the topic. Volume 5 is arranged as an A-Z encyclopedia of shorter articles about fundamental concepts in economics and can be used as both a reference to the other volumes and a stand-alone reference. Numerous charts, diagrams, figures, and glossy photos are used to clarify concepts, and the set's glossary, reading list, and index are re-produced in each of the six volumes, making for easier cross-referencing. With the ever-changing nature of finance law and regulations, this well-prepared reference set will need regular updates, but it remains the resource of choice on economics for its targeted audience.--Dale Farris, Groves, TX Copyright 2000 Cahners Business Information.\

PART I ECONOMICS THE SCIENCE OF SCARCITY. 1 What Economics Is About. Appendix A: Working with Diagrams. Appendix B: Should You Major in Economics? 2 Production Possibilities Frontier. 3 Supply and Demand: Theory. 4 Prices: Free, Controlled, and Relative. 5 Supply, Demand, and Price: Applications. PART II MACROECONOMIC FUNDAMENTALS. 6 Macroeconomic Measurements, Part I: Prices and Unemployment. 7 Macroeconomic Measurements, Part II: GDP and Real GDP. PART III MACROECONOMIC STABILITY, INSTABILITY, AND FISCAL POLICY. 8 Aggregate Demand and Aggregate Supply. 9 Classical Macroeconomics and the Self-Regulating Economy. 10 Keynesian Macroeconomics and Economic Instability: A Critique of the Self-Regulating Economy. 11 Fiscal Policy and the Federal Budget. PART IV MONEY, THE ECONOMY, AND MONETARY POLICY. 12 Money, Banking and the Financial System. 13 The Federal Reserve System. 14 Money and the Economy. 15 Monetary Policy. Appendix C: Bond Prices and Interest Rates. PART V EXPECTATIONS AND GROWTH. 16 Expectations Theory and the Economy. 17 Economic Growth: Resources, Technology, Ideas and Institutions. PART VI THE FINANCIAL CRISIS OF 2007-2009. 18 The Financial Crisis of 2007-2009. PART VII GOVERNMENT AND THE ECONOMY. 19 Debates in Macroeconomics Over the Role and Effects of Government. PART VIII MICROECONOMIC FUNDAMENTALS. 20 Elasticity. 21 Consumer Choice and Behavioral Economics. Appendix D: Budget Constraint and Indifference Curve Analysis. Part IX Product Markets and Policies. 22 Perfect Competition. 23 Monopoly. 24 Monopolistic Competition, Oligopoly, and Game Theory. 25 Government and Product Markets: Antitrust and Regulation. PART X FACTOR MARKETS AND RELATED ISSUES. 26 Factor Markets: With Emphasis on the Labor Market. 27 Wages, Unions, and Labor. 28 The Distribution of Income and Poverty. 29 Interest, Rent, and Profit. PART XI MARKET FAILURE, PUBLIC CHOICE, AND SPECIAL-INTEREST-GROUP POLITICS. 30 Market Failure: Externalities, Public Goods, and Asymmetric Information. 31 Public Choice and Special-Interest-Group Politics. PART XII GOVERNMENT AND MARKETS. 32 The Economic Case For and Against Government: Five Topics Considered. PART XIII: INTERNATIONAL ECONOMICS AND GLOBALIZATION 33 International Trade. 34 International Finance. 35 Globalization and International Impacts on the Economy. PART XIV: FINANCIAL MATTERS. 36 Stocks, Bonds, Futures, and Options. PART XV: WEB CHAPTER. 37 Agriculture: Problems, Policies, and Unintended Effects.