INSEAD Library

Doriot: for 2020-2021 courses

Digitized

Principles of economics PART 1 CHAPTER 1 CHAPTER 2 CHAPTER 3 INTRODUCTION 1 PART 8 CHAPTER 23 CHAPTER 24 Ten Principles of Economics 3 Thinking Like an Economist 19 Interdependence and the Gains from Trade 47 THE DATA OF MACROECONOMICS 505 Measuring a Nation's Income 507 Measuring the Cost of Living 529 PART 9 PART 2 CHAPTER 4 CHAPTER 5 CHAPTER 6 HOW MARKETS WORK 61 CHAPTER 25 CHAPTER 26 CHAPTER 27 CHAPTER 28 THE REAL ECONOMY IN THE LONG RUN 547 Production and Growth 549 Saving, Investment, and the Financial System 575 The Basic Tools of Finance 597 Unemployment 613 The Market Forces of Supply and Demand 63 Elasticity and Its Application 89 Supply, Demand, and Government Policies 113 PART 3 CHAPTER 7 CHAPTER 8 CHAPTER 9 MARKETS AND WELFARE 135 PART 10 CHAPTER 29 CHAPTER 30 Consumers, Producers, and the Efficiency of Markets 137 Application: The Costs of Taxation 159 Application: International Trade 177 MONEY AND PRICES IN THE LONG RUN 639 The Monetary System 641 Money Growth and Inflation 661 PART 11 PART 4 CHAPTER 10 CHAPTER 11 CHAPTER 12 THE ECONOMICS OF THE PUBLIC SECTOR THE MACROECONOMICS OF OPEN ECONOMIES 689 Open-Economy Macroeconomics: Basic Concepts 691 A Macroeconomic Theory of the Open Economy 715 201 CHAPTER 31 CHAPTER 32 Externalities 203 Public Goods and Common Resources 223 The Design of the Tax System 241 PART 12 PART 5 CHAPTER 13 CHAPTER 14 CHAPTER 15 CHAPTER 16 CHAPTER 17 FIRM BEHAVIOR AND THE ORGANIZATION OF INDUSTRY The Costs of Production 267 Firms in Competitive Markets 289 Monopoly 311 Oligopoly 345 Monopolistic Competition 373 SHORTRUN ECONOMIC FLUCTUATIONS 737 Aggregate Demand and Aggregate Supply 739 The Influence of Monetary and Fiscal Policy on Aggregate Demand 777 The Short-Run Tradeoff between Inflation and Unemployment 801 265 CHAPTER 33 CHAPTER 34 CHAPTER 35 PART 6 CHAPTER 18 CHAPTER 19 CHAPTER 20 THE ECONOMICS OF LABOR MARKETS PART 13 391 CHAPTER 36 FINAL THOUGHTS 831 The Markets for the Factors of Production 393 Earnings and Discrimination 413 Income Inequality and Poverty 431 Five Debates over Macroeconomic Policy 833 857 Appendix: Quick Quiz Answers Glossary 873 PART 7 CHAPTER 21 CHAPTER 22 TOPICS FOR FURTHER STUDY The Theory of Consumer Choice 455 Frontiers of Microeconomics 483 453 Index 879