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Exploring Economics

Eighth Edition

by Robert L. Sexton

Student Resources

The Role and Method of Economics
Eight Powerful Ideas
Scarcity, Trade-Offs, and Production Possibilities
Demand, Supply, and Market Equilibrium
Market in Motion and Price Controls
Elasticities
Market Efficiency and Welfare
Market Failure
Public Finance and Public Choice
Consumer Choice Theory
The Firm: Production and Costs
Firms in Perfectly Competitive Markets
Monopoly and Antitrust
Monopolistic Competition and Product Differentiation
Oligopoly and Strategic Behavior
The Markets for Labor, Capital, and Land
Income, Poverty and Health Care
Introduction to Macroeconomics: Unemployment, Inflation, and Economic Fluctuations
Measuring Economic Performance
Economic Growth in the Global Economy
Financial Markets, Saving, and Investment
Aggregate Demand and Aggregate Supply
The Aggregate Expenditure Model
Fiscal Policy
Money, Banking, and the Federal Reserve System
Monetary Policy
Issues in Macroeconomic Theory and Policy
International Trade
International Finance

Learning Objectives

Define oligopoly.
Describe and explain collusion and cartels.
Define and explain price leadership, mergers, and entry deterrence.
Use game theory to explain strategic decisions.

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