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Introduction to Economic Reasoning

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With a goal of encouraging readers to become informed decision-makers, Introduction to Economic Reasoning, Seventh Edition, provides a non-technical, concise introduction to basic economic theories that is ideal for a short introduction to economics.

Scarcity and the Economic The Study of Economics; Economic Systems. Markets, Prices, and the Role of Demand and Price Determination in Competitive Markets; Applications using Demand and Supply; Costs and Decision Making; Price The Purely Competitive Firm; Price The Firm with Market Power; Industry Structure and Public Policy; Market Failure. The Economy as a Measuring Aggregate Performance; Aggregate Demand and The Model of the Self-Correcting Economy; Fiscal Policy; Money, Banking, and Monetary Policy; The Activist-Nonactivist Debate; Economic The Importance of the Long Run. International Trade, Exchange Rates, and the Role of Trade International Trade.

For all readers interested in one-semester economics.

560 pages, Paperback

First published January 1, 1989

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About the author

William D. Rohlf Jr.

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