{"product_id":"invitation-to-economics-9781405183581","title":"Invitation to Economics","description":"\u003cb\u003eBook Synopsis\u003c\/b\u003e\u003cbr\u003e\u003cp\u003e\u003cb\u003e\u003ci\u003eInvitation to Economics\u003c\/i\u003e empowers the reader to spot naive and spurious economic arguments by inculcating an intuitive ''feel'' for economics.\u003c\/b\u003e\u003c\/p\u003e \u003cul\u003e \u003cli\u003eA unique and critical guide to understanding economic arguments in the media\u003c\/li\u003e \u003cli\u003eFocuses on microeconomics, specifically on the idea that economic policies often have important indirect effects\u003c\/li\u003e \u003cli\u003eKey ideas are applied repeatedly in numerous case studies drawn from newspapers and other media\u003c\/li\u003e \u003cli\u003eEconomic principles are presented in an accessible and non-rigorous format using case studies\u003c\/li\u003e \u003cli\u003eIncorporates the value judgments and political judgments that underlie economic policies\u003c\/li\u003e \u003c\/ul\u003e\u003cbr\u003e\u003cbr\u003e\u003cb\u003eTrade Review\u003c\/b\u003e\u003cbr\u003e“This well-written, clearly organized book presents a nontechnical, overarching view of economic theory and how it gets applied and interpreted” (\u003ci\u003eChoice Reviews\u003c\/i\u003e, June 2009)\u003cbr\u003e\u003cbr\u003e\u003cb\u003eTable of Contents\u003c\/b\u003e\u003cbr\u003eList of Boxes. \u003cp\u003ePreface.\u003c\/p\u003e \u003cp\u003e\u003cb\u003e1. Introduction.\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e1.1 What This Book Provides.\u003c\/p\u003e \u003cp\u003e1.2 Looking around Corners.\u003c\/p\u003e \u003cp\u003e1.3 Ideological Stance.\u003c\/p\u003e \u003cp\u003e1.4 Economics Embedded in Philosophy and Sociology.\u003c\/p\u003e \u003cp\u003e1.5 My Own Biases.\u003c\/p\u003e \u003cp\u003e1.6 What Is to Come?.\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePart I: The Subject of Economics:.\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e\u003cb\u003e2. What Economists Do.\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e2.1 What Economics Encompasses.\u003c\/p\u003e \u003cp\u003e2.2 How Economists Work.\u003c\/p\u003e \u003cp\u003e2.3 Some Characteristics of Economics.\u003c\/p\u003e \u003cp\u003eAppendix 2.1: Unrealistic Assumptions Can a Good Theory Make.\u003c\/p\u003e \u003cp\u003eAppendix 2.2: Is the Stock Market Efficient?.\u003c\/p\u003e \u003cp\u003e\u003cb\u003e3. How Well Do They Do It?.\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e3.1 Forecasting.\u003c\/p\u003e \u003cp\u003e3.2 Choosing the Right Policies: The Problem of Value Judgments.\u003c\/p\u003e \u003cp\u003e3.3 Implementing Economic Policies.\u003c\/p\u003e \u003cp\u003e3.4 Biases.\u003c\/p\u003e \u003cp\u003e3.5 Disagreement among Economists.\u003c\/p\u003e \u003cp\u003eAppendix 3.1: A Survey of American Academic Economists’ Opinions.\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePart II: Some Infrastructure:.\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e\u003cb\u003e4. Beguiling Words.\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e4.1 Some Widely Used Terms and Phrases.\u003c\/p\u003e \u003cp\u003e4.2 Some Terms and Phrases Relating to Economics and Politics.\u003c\/p\u003e \u003cp\u003e\u003cb\u003e5. Important Economic Ideas: Often Misunderstood.\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e5.1 Levels versus Rates of Change.\u003c\/p\u003e \u003cp\u003e5.2 Stocks versus Flows.\u003c\/p\u003e \u003cp\u003e5.3 Real versus Nominal.\u003c\/p\u003e \u003cp\u003e5.4 Future versus Current Dollars.\u003c\/p\u003e \u003cp\u003e5.5 The Price Level versus Relative Prices.\u003c\/p\u003e \u003cp\u003e5.6 Stable Prices versus Low Prices.\u003c\/p\u003e \u003cp\u003e5.7 Gross versus Net and Single versus Double Counting.\u003c\/p\u003e \u003cp\u003e5.8 Opportunity Costs versus Monetary Costs.\u003c\/p\u003e \u003cp\u003e5.9 Cost--Benefit Analysis.\u003c\/p\u003e \u003cp\u003e5.10 Wage Rates versus Labor Costs.\u003c\/p\u003e \u003cp\u003e5.11 Capital Goods versus Human Capital.\u003c\/p\u003e \u003cp\u003e5.12 Marginal versus Average Utility.\u003c\/p\u003e \u003cp\u003e5.13 Marginal versus Average Costs.\u003c\/p\u003e \u003cp\u003e5.14 Big Business versus Market Power.\u003c\/p\u003e \u003cp\u003e5.15 Pro-market versus Pro-business.\u003c\/p\u003e \u003cp\u003e6.16 \"Should\" and \"Can\" versus \"Will\".\u003c\/p\u003e \u003cp\u003e5.17 Comparative versus Absolute Advantage.\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePart III: Economic Theory and Policy:.\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e\u003cb\u003e6. The Crown Jewel of Economics: The Price Mechanism.\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e6.1 An Overview of the Price Mechanism.\u003c\/p\u003e \u003cp\u003e6.2 Equilibrium.\u003c\/p\u003e \u003cp\u003e6.3 Shortages.\u003c\/p\u003e \u003cp\u003e6.4 A Digression: The Equilibrium of the Firm.\u003c\/p\u003e \u003cp\u003e6.5 What Happens in the Absence of a Price Mechanism?.\u003c\/p\u003e \u003cp\u003e6.6 The Dark Side of the Price Mechanism.\u003c\/p\u003e \u003cp\u003e6.7 The Upshot.\u003c\/p\u003e \u003cp\u003eAppendix 6.1: More on Supply and Demand.\u003c\/p\u003e \u003cp\u003e\u003cb\u003e7. Risk Taking and Incentives.\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e7.1 Risk Bearing and Entrepreneurship.\u003c\/p\u003e \u003cp\u003e7.2 Incentives.\u003c\/p\u003e \u003cp\u003e\u003cb\u003e8. Looking around Corners.\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e8.1 Do Easier Bankruptcy Laws Help the Poor?.\u003c\/p\u003e \u003cp\u003e8.2 Should Artists Receive a Share of the Capital Gain When Their Work Is Resold?.\u003c\/p\u003e \u003cp\u003e8.3 Do We Want Fewer People Exploiting the Poor?.\u003c\/p\u003e \u003cp\u003e8.4 Cut the Gas Tax to Slow the Rise of Soaring Gas Prices?.\u003c\/p\u003e \u003cp\u003e8.5 A Costless Way to Alleviate Destitution in Third World Countries?.\u003c\/p\u003e \u003cp\u003e8.6 Ban or Fine All Speculators?.\u003c\/p\u003e \u003cp\u003e8.7 Is Limiting Tobacco Advertising an Effective Policy?.\u003c\/p\u003e \u003cp\u003e8.8 Would Importing Pharmaceuticals from Canada Substantially Lower Drug Prices?.\u003c\/p\u003e \u003cp\u003e8.9 An Efficient and Humane Way to Reduce Cocaine Production?.\u003c\/p\u003e \u003cp\u003e8.10 Protecting Lives by Requiring Use of Seatbelts?.\u003c\/p\u003e \u003cp\u003e8.11 Do You Really Want Your Bid to Win?.\u003c\/p\u003e \u003cp\u003e8.12 Is Fast Chinese Growth Bad for the United States?.\u003c\/p\u003e \u003cp\u003e8.13 In Emergencies Should Prices Ration Supply, Thus Letting the Rich Outbid the Poor?.\u003c\/p\u003e \u003cp\u003e8.14 Is Gaining from Someone’s Misfortune a Moral Wrong?.\u003c\/p\u003e \u003cp\u003e8.15 Should Those Close at Hand Have a Special Responsibility to Alleviate Misery?.\u003c\/p\u003e \u003cp\u003e8.16 Seven Short Ones.\u003c\/p\u003e \u003cp\u003e8.17 On the Other Hand.\u003c\/p\u003e \u003cp\u003e\u003cb\u003e9. Natural Resources and Environmental Economics.\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e9.1 Running Out of Privately Owned Natural Resources.\u003c\/p\u003e \u003cp\u003e9.2 The Tragedy of the Commons.\u003c\/p\u003e \u003cp\u003e9.3 Pollution Permits and Taxes on Pollutants.\u003c\/p\u003e \u003cp\u003e9.4 Tail-pipe Pollution.\u003c\/p\u003e \u003cp\u003e9.5 Protecting Endangered Species.\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePart IV: Looking at Data:.\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e\u003cb\u003e10. Empirical Economics.\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e10.1 Role of Empirical Work in Economics.\u003c\/p\u003e \u003cp\u003e10.2 Types of Empirical Evidence.\u003c\/p\u003e \u003cp\u003e10.3 What to Watch Out for in Statistics: Some General Problems.\u003c\/p\u003e \u003cp\u003eAppendix 10.1: Survey Data.\u003c\/p\u003e \u003cp\u003eAppendix 10.2: Measuring GDP, Savings Rates, Price Indexes, Employment, and Poverty.\u003c\/p\u003e \u003cp\u003e\u003cb\u003e11. Some Simple (?) Ways of Presenting Data: Percentages, Figures, and Graphs.\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e11.1 Percentages.\u003c\/p\u003e \u003cp\u003e11.2 Figures and graphs.\u003c\/p\u003e \u003cp\u003e\u003cb\u003e12. Samples and Their Problems.\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e12.1 Selecting a Representative Sample.\u003c\/p\u003e \u003cp\u003e12.2 Watching for Inappropriate Samples.\u003c\/p\u003e \u003cp\u003e12.3 The Regression Fallacy: Building a Bias into the Sample.\u003c\/p\u003e \u003cp\u003e12.4 Sample Size and Coincidence.\u003c\/p\u003e \u003cp\u003e12.5 Sampling Error, Confidence Intervals, and Significance.\u003c\/p\u003e \u003cp\u003e12.6 Some Warnings about Significance Tests.\u003c\/p\u003e \u003cp\u003eAppendix 12.1: The Normal Distribution.\u003c\/p\u003e \u003cp\u003e\u003cb\u003e13. Regressions: The Workhorse of Empirical Economics.\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e13.1 The Regression Coefficient.\u003c\/p\u003e \u003cp\u003e13.2 How Well Does the Regression Fit the Data?.\u003c\/p\u003e \u003cp\u003e13.3 What Should You Look at in a Regression?.\u003c\/p\u003e \u003cp\u003e13.4 A Summing Up.\u003c\/p\u003e \u003cp\u003e13.5 Looking the Workhorse in the Mouth.\u003c\/p\u003e \u003cp\u003e13.6 In Conclusion.\u003c\/p\u003e \u003cp\u003e\u003cb\u003e14. The Workhorse in Action: Some Examples of Empirical Economics.\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e14.1 Consumption and Saving.\u003c\/p\u003e \u003cp\u003e14.2 Should You Choose a Large Mutual Fund?.\u003c\/p\u003e \u003cp\u003e14.3 The Slave Trade and African Economic Development.\u003c\/p\u003e \u003cp\u003e14.4 The Effect of Tax Changes on Real GDP.\u003c\/p\u003e \u003cp\u003eEpilogue.\u003c\/p\u003e \u003cp\u003eIndex\u003c\/p\u003e","brand":"John Wiley and Sons Ltd","offers":[{"title":"Default Title","offer_id":49407914836311,"sku":"9781405183581","price":84.5,"currency_code":"GBP","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0817\/1739\/5799\/files\/9781405183581.jpg?v=1730500943","url":"https:\/\/bookcurl.com\/products\/invitation-to-economics-9781405183581","provider":"Book Curl","version":"1.0","type":"link"}