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| About the book |
The purpose of Economics Is Everywhere by Daniel S. Hamermesh is to illustrate the wide range of daily activities to which an economic way of thinking can be applied. The 400 vignettes were inspired by news stories, television shows, movies, music, family events, and other facets of daily life. Some vignettes were suggested by students or colleagues. The book is organized into three parts to follow the topical arrangement of a typical introductory microeconomic textbook. These vignettes apply what students learn in their introductory microeconomics textbook. They focus on the student's ability to apply formal analysis with myriad of examples that come out of their daily activities. After studying this applications/issues book, students will be able to read a newspaper or magazine and understand their own daily activities in a new, economic way--and as a result, understand the economics at work around them. |
| Table of contents |
Introduction. Thinking About Economics Everywhere Part I. Trade-Offs, Demand and Supply, and the Consumer Chapter 1. Trade-offs and Opportunity Cost Chapter 2. Demand and Supply Curves Chapter 3. Demand and Supply Together'Quantity and Price in Unrestricted Markets Chapter 4. Demand and Supply'Quantity and Price in Restricted Markets Chapter 5. The Consumer'Elasticity and Incentives Chapter 6. The Consumer'How to Choose Tips on Hunting for Economics Everywhere in Part I Part II. Costs, Production, and Markets Chapter 7. Cost and Production Chapter 8. The Firm in the Short Run'Fixed and Variable Costs Chapter 9. Competitive Markets in the Long Run Chapter 10. Competitive Markets'Responses to Shocks Chapter 11. Social Optima Chapter 12. Monopoly and Monopolistic Competition Chapter 13. Price Discrimination Chapter 14. Oligopoly (including Game Theory) Tips on Hunting for Economics Everywhere in Part II Part III. Input Markets, the Public Sector, and International Markets Chapter 15. Present Value and Discounting Chapter 16. Wage Differences Chapter 17. Labor Market Behavior and Poverty Chapter 18. Externalities, Public Goods, and Property Rights Chapter 19. Taxes and Public Expenditures Chapter 20. International Economics Tips on Hunting for Economics Everywhere in Part III Glossary/Index (combined) |
