This textbook utilizes the ideas and concepts that made the international edition a valued companion to economics students and lecturers the world over, but tailors its language and illustrations to better suit its Arab readers. Regional case studies, photographs and examples bring the principles and concepts of economics to life for Arab learners, who are encouraged to apply the information and data contained in Economics to their own environment and experiences.
FLEXIBILITY CHART xxii features matrix xxiv Preface xxviii Acknowledgments xlv Part 1: Introduction Chapter 1: Economics: Foundations and Models 2 Chapter 1: Appendix: Using Graphs and Formulas 24 Chapter 2: Trade-Offs, Comparative Advantage, and the Market System 36 Chapter 3: Where Prices Come From: The Interaction of Demand and Supply 66 Chapter 4: Economic Efficiency, Government Price Setting, and Taxes 100 Chapter 4: Appendix: Quantitative Demand and Supply Analysis 133 Chapter 5: Elasticity: The Responsiveness of Demand and Supply 138 Chapter 6: Consumer Choice and Behavioral Economics 174 Chapter 6: Appendix: Using Indifference Curves and Budget Lines to Understand Consumer Behavior 205 Chapter 7: Technology, Production, and Costs 220 Chapter 7: Appendix: Using Isoquants and Isocosts to Understand Production and Cost 251 Chapter 8: Firms in Perfectly Competitive Markets 264 Chapter 9: Monopolistic Competition: The Competitive Model in a More Realistic Setting 300 Chapter 10: Oligopoly: Firms in Less Competitive Markets 328 Chapter 11: Monopoly and Antitrust Policy 356 Chapter 12: Pricing Strategy 388 Chapter 13: Externalities, Environmental Policy, and Public Goods 416 Chapter 14: Comparative Advantage and the Gains from International Trade 452 Chapter 15: Measuring Total Production and Income 490 Chapter 16: Unemployment and Inflation 518 Chapter 17: Economic Growth, the Financial System, and Business Cycles 550 Chapter 18: The Markets for Labor and Other Factors of Production 580 Chapter 19: Output and Expenditure in the Short Run 616 Chapter 19: Appendix: The Algebra of Macroeconomic Equilibrium 655 Chapter 20: Aggregate Demand and Aggregate Supply Analysis 658 Chapter 20: Appendix: Macroeconomic Schools of Thought 69 Chapter 21: Money, Banks, and the Central Bank 696 Chapter 22: Monetary Policy 728 Chapter 23: Fiscal Policy 760 Chapter 23: Appendix: A Closer Look at the Multiplier 795 Chapter 24: Inflation, Unemployment, and Central Bank Policy 802 Chapter 25: Macroeconomics in an Open Economy 832 REFERENCES R-1 English-Arabic Glossary G-1 Index I-1 Credits C-1
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