Test Bank for Principles of Microeconomics 5th Edition by Frank

This is completed downloadable of Test Bank for Principles of Microeconomics 5th Edition by Frank

Product Details:

• ISBN-10 ‏ : ‎ 0077464362
• ISBN-13 ‏ : ‎ 978-0077464363
• Author:  Robert Frank (Author), Ben Bernanke (Author)

In recent years, innovative texts in mathematics, science, foreign languages, and other fields have achieved dramatic pedagogical gains by abandoning the traditional encyclopedic approach in favor of teaching a shorter list of core principles in depth. Two well-respected writers and researchers, Bob Frank and Ben Bernanke, have shown that the less-is-more approach affords similar gains in introductory economics. The authors introduce a coherent short list of core principles and reinforce them by illustrating and applying each in numerous contexts. With engaging questions, explanations and exercises, the authors help students relate economic principles to a host of everyday experiences such as going to the ATM or purchasing airline tickets. Throughout this process, the authors encourage students to become economic naturalists: people who employ basic economic principles to understand and explain what they observe in the world around them.

Principles of Microeconomics, fifth edition, is thoroughly updated with examples that connect to current events such as the financial crisis of 2008 and Great Recession of 2007-2009 as well as other topics commonly discussed in the media. In addition, the text is paired with McGraw-Hill–s market-leading online assignment and assessment solution Connect Economics, providing tools to enhance course management and student learning.

Table of Content:

Part 1 Introduction
1. Thinking Like an Economist
2. Comparative Advantage: The Basis for Exchange
3. Supply and Demand: An Introduction

Part 2 Competition and the Invisible Hand
4. Elasticity
5. Demand: The Benefit Side of the Market
6. Perfectly Competitive Supply: The Cost Side of the Market
7. Efficiency and Exchange
8. The Quest for Profit and the Invisible Hand

Part 3 Market Imperfections
9. Monopoly and Other Forms of Imperfect Competition
10. Thinking Strategically
11. Externalities and Property Rights
12. The Economics of Information

Part 4 Economics of Public Policy
13. Labor Markets, Poverty, and Income Distribution
14. The Environment, Health, and Safety
15. Public Goods and Tax Policy

Part 5 International Trade
16. International Trade and Trade Policy

Part 6 Macroeconomics: Issues and Data
17. Macroeconomics: The Bird’s-Eye View of the Economy
18. Measuring Economic Activity: GDP and Unemployment
19. Measuring the Price Level and Inflation

Part 7 The Long Run
20. Economic Growth, Productivity, and Living Standards
21. Workers, Wages, and Unemployment in the Modern Economy
22. Saving and Capital Formation
23. Money, Prices, and the Federal Reserve
24. Financial Markets and International Capital Flows

Part 8 The Short Run
25. Short-term Economic Fluctuations: An Introduction
26. Aggregate Demand and Output in the Short Run
27. Stabilizing Aggregate Demand: The Role of the Fed
28. Inflation and Aggregate Supply

Part 9 The International Economy
29. Exchange Rates and the Open Economy

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