Economics or The Political Economy of Trade Protection

Economics: Principles and Applications, 2006 Update (with InfoTrac)

Author: Robert E Hall

Because issues of policy and real applications are so important to your course, Hall and Lieberman have made their comprehensive, cutting edge text as current as today's headlines. ECONOMICS: PRINCIPLES AND APPLICATIONS, 3e, 2006 Update gives students a real-world, up-to-the-minute overview that presents economics as a unified discipline. Taking a no-nonsense approach to economic theory and application, the Update is very accessible, equipping readers with a solid foundation in economics that they can build upon wherever their career paths may lead. The Update's modern approach to theory is captivating and appeals to a broad range of teaching styles and philosophies. This proven author team focuses on core theoretical ideas and presents a systematic application of theoretical tools to real-world domestic and global issues, teaching students how to use analytical processes to develop and sharpen their own economic analysis skills. In addition, the book's innovative Aplia homework management solution provides the most integrated text and homework management system available.

Table of Contents:

PART I. PRELIMINARIES. 1. What Is Economics? 2. Scarcity, Choice, and Economic Systems. 3. Supply and Demand. 4. Working with Supply and Demand. PART II. MICROECONOMIC DECISION MAKERS. 5. Consumer Choice. 6. Production and Cost. 7. How Firms Make Decisions: Profit Maximization. PART III. PRODUCT MARKETS. 8. Perfect Competition. 9. Monopoly. 10. Monopolistic Competition and Oligopoly. PART IV. LABOR, CAPITAL, AND FINANCIAL MARKETS. 11. The Labor Market. 12. Economic Inequality. 13. Capital and Financial Markets. PART V. EFFICIENCY, GOVERNMENT, AND THE GLOBAL ECONOMY. 14. Economic Efficiency and the Role of Government. 15. Comparative Advantage and the Gains from International Trade. USING ALL THE THEORY: The Microeconomics Of Domestic Security. PART VI. MACROECONOMICS: BASIC CONCEPTS. 16. What Macroeconomics Tries to Explain. 17. Production, Income, and Employment. 18. The Monetary System, Prices, and Inflation. PART VII. LONG-RUN MACROECONOMICS. 19. The Classical Long-Run Model. 20. Economic Growth and Rising Living Standards. PART VIII. SHORT-RUN MACROECONOMICS. 21. Economic Fluctuations. 22. The Short-Run Macro Model. PART IX. MONEY, PRICES, AND THE MACROECONOMY. 23. The Banking System and the Money Supply. 24. The Money Market and the Interest Rate. 25. Aggregate Demand and Aggregate Supply. PART X. MACROECONOMIC POLICY. 26. Inflation and Monetary Policy. 27. Fiscal Policy: Taxes, Spending, and the Federal Budget. 28. Exchange Rates and Macroeconomic Policy. USING ALL THE THEORY: The Stock Market And The Macroeconomy.

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The Political Economy of Trade Protection

Author: Anne O Ed O Krueger

This clear, concise summary of the in-depth analyses presented in The Political Economy of American Trade Policy examines the level, form, and evolution of American trade protection.

In case studies of trade barriers imposed during the 1980s to help the steel, semiconductor, automobile, lumber, wheat, and textile and apparel industries, the contributors trace the evolution of efforts to obtain protection, protectionist measures, and their results. A chapter assessing the common themes that emerge from the studies concludes that the focus of current trade law is exclusively on the individual protection-seeking industries, with little regard for indirect effects on using industries or for consumers. Reform could usefully take these effects into account.

This volume will interest policymakers, business executives, and anyone interested in trade policy formulation and practice.