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Year: 2,012
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Edition: 3rd
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Pages: 1,200
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Pages In File: 1,158
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Language: English
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Topic: 305
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Library: Avaxhome
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Identifier: 1429251638,9781429251631
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Org File Size: 37,121,085
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Extension: pdf
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Tags: Финансово-экономические дисциплины Экономика
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Toc: Cover Page......Page 1Title Page......Page 5Copyright......Page 6Dedication......Page 7ABOUT THE AUTHORS......Page 9BRIEF CONTENTS......Page 11CONTENTS......Page 13Preface......Page 27ANY GIVEN SUNDAY......Page 51The Invisible Hand......Page 52Good Times, Bad Times......Page 53In Engine for Discovery......Page 54COMMON GROUND......Page 55Principle #1: Choices are necessary because resources are scarce......Page 56Principle #2: The true cost of something is its opportunity cost......Page 57Principle #3: “How much” is a decision at the margin......Page 58Principle #4: People usually respond to incentives, exploiting opportunities to make themselves better off......Page 59ECONOMICS IN ACTION Boy or Girl? It Depends on the Cost......Page 60Interaction: How Economies Work......Page 61Principle #5: There are gains from trade......Page 62Principle #6: Markets move toward equilibrium......Page 63Principle #7: Resources should be used efficiently to achieve society’s goals......Page 64Principle #8: Markets usually lead to efficiency......Page 65Principle #9: When markets don’t achieve efficiency, government intervention can improve society’s welfare......Page 66ECONOMICS IN ACTION Restoring Equilibrium on the Freeways......Page 67Principle #11: Overall spending sometimes gets out of line with the economy’s productive capacity......Page 68ECONOMICS IN ACTION Adventures in Babysitting......Page 69BUSINESS CASE: How Priceline.com Revolutionized the Travel Industry......Page 71FROM KITTY HAWK TO DREAMLINER......Page 75Models in Economics: Some Important Examples......Page 76Trade-offs: The production possibility frontier......Page 77Comparative advantage and gains from trade......Page 83Comparative advantage and international trade, in reality......Page 86Transactions: The circular-flow diagram......Page 87ECONOMICS IN ACTION Rich Nation, Poor Nation......Page 89Positive versus normative economics......Page 90When and why economists disagree......Page 91ECONOMICS