Professional Documents
Culture Documents
Full Download Ebook Ebook PDF Microeconomics 12th Global Edition by Michael Parkin PDF
Full Download Ebook Ebook PDF Microeconomics 12th Global Edition by Michael Parkin PDF
8
BriEf conTEnTs
ParT ThrEE
hoUsEholds’ choicEs 215
chaPTEr 8 Utility and Demand 215
chaPTEr 9 Possibilities, Preferences, and
Choices 239
ParT foUr
firMs and MarkETs 261
chaPTEr 10 Organizing Production 261
chaPTEr 11 Output and Costs 285
chaPTEr 12 Perfect Competition 309
chaPTEr 13 Monopoly 335
chaPTEr 14 Monopolistic Competition 361
chaPTEr 15 Oligopoly 379
9
This page intentionally left blank
alTErnaTivE PaThways ThroUGh ThE chaPTErs
Flexibility
Chapter 13
Chapter 14
Chapter 8 Chapter 20
Monopolistic
Uncertainty and Competition
Utility and Demand
Information
Chapter 9 Chapter 15
Possibilities, Oligopoly
Preferences, and
Choices
Chapter 18
Start here ... … then jump to … and jump to any of these after
any of these … doing the pre-requisites indicated
11
This page intentionally left blank
dETailEd conTEnTs
13
14 detailed contents
■ EconoMics in ThE nEws, 128, 131, 136 is the competitive Market Efficient? 150
Efficiency of Competitive Equilibrium 150
Market Failure 152
Sources of Market Failure 152
Alternatives to the Market 153
is the competitive Market fair? 154
It’s Not Fair if the Result Isn’t Fair 154
It’s Not Fair if the Rules Aren’t Fair 156
Case Study: A Generator Shortage in a Natural
Disaster 156
■ EconoMics in acTion, 151
■ aT issUE, 157
ParT Two Wr a P -u P ◆
Understanding how Markets work
The Amazing Market 213
Talking with
Susan Athey 214
detailed contents 17
■ aT issUE, 468
From the starting point on the river to the levee the distance is
about five hundred feet; here the water was shallow and the route
full of stumps. It took one whole day to pass this point. Then they cut
in the levee. Here the fall was over two feet, and the rush of water
tremendous. The largest boat was dropped through with five lines
out ahead. Then a corn field, overflowed from a cut in the levee,
where a channel was cut by the swift water, and floated them onward
nearly a quarter of a mile to the woods. Here was great labor—two
straight and long miles to the nearest point in the bayou. It took
eight days to get through this distance. Then came Wilson’s Bayou,
East Bayou, and St. John’s Bayou, which empties into the Mississippi
at New Madrid. It sometimes took twenty men a whole day to get out
a half sunken tree across the bayou; and as none of the rafts or flats
could get by, this always detained the whole fleet. The water, after
they got in the woods, was about six feet deep, with a gentle current
setting across the peninsula. In the East Bayou the current was
tremendous, and the boats had to be checked down with heavy head
lines. Here they found some obstructions, caused by heaps of
driftwood, but a few sturdy blows dislodged some of the logs and
sent the whole mass floating down the current.
While the engineers were engaged in this herculean enterprise, the
gunboat Carondelet ran safely by the rebel batteries on the island,
and reached New Madrid on the night of April 4th. On the
succeeding night another boat, the Pittsburg, ran the gauntlet of the
enemy’s fire unscathed, in time to convoy the transports as they
entered the river.
On the 6th of April the two gunboats attacked and destroyed four
batteries erected by the rebels on the Tennessee shore. On the 7th, by
daylight, the divisions of Generals Paine and Stanley were marched
to Tiptonville, fifteen miles down the river from New Madrid. The
rebels had retreated in that direction the afternoon before, and it was
thought that they were endeavoring to cross over Reelfoot lake. The
troops were pushed forward with all possible speed, and at night
encamped at Tiptonville and Merriwether’s, while a strong force was
posted at the only point where by any possibility the rebels could
cross the lake, some four miles from the town. Squads of rebel
soldiers kept in sight of the Union pickets during the night, and at
times would come boldly up and surrender themselves as prisoners
of war. At daylight General Pope and staff, and Assistant Secretary of
War Scott, went down to the locality, and General Pope assumed the
full command. It was expected that some resistance would be made,
and no one surmised that the enemy, who it was learned had
marched over from Island No. 10, had concluded to give himself up.
But shortly after sunrise General Pope received a message from the
General commanding the Confederates, stating that he had
surrendered the island and fortifications to Commodore Foote the
night before, and that the forces under his command were ready to
follow the “fortunes of war;” and he requested General Pope to
receive and march them into camp. General Pope gave directions for
the Confederate troops to come into camp and go through the
formula. Accordingly about four thousand rebels were marched in
and stacked their arms.
On the same day Island No. 10 was surrendered to Commodore
Foote, with all its war material; and all the gunboats and transports
fell into the hands of the victors.
BATTLE OF WINCHESTER, VA.
Up to this time the armies had not been much nearer to each other
than three hundred yards, unless in some few instances. The wood
was soon cleared at the point of the bayonet, the Unionists
discharging their pieces at twenty and even five yards distance from
the rebels, and then dashing at them with the bayonet.
The rebels fought well. They contested the ground foot by foot, and
marked every yard of their retreat with blood. They retired behind
the stone wall, on the ridge, but the Unionists jumped over, and
drove them in the greatest confusion and with fearful slaughter upon
their centre. The panic was contagious. Kimble ordered a charge
along the whole line, and for a short time the fighting was desperate.
The roar of the cannon was no longer heard, unless in occasional
bursts, but the rattle of musketry was more deafening than ever.
The rout of the rebels had fairly commenced; two of their guns and
four caissons were taken, and though many of them turned and fired
again and again at the pursuing host, many more threw away
muskets and bayonets without hesitation. Darkness and the extreme
fatigue of the Union troops, however, saved them for the time, and
the Federals retired about two miles and bivouacked.
At daybreak General Shields ordered the rebel position to be
attacked, and the enemy, after replying by a few shots from his
artillery, continued his retreat. Meantime General Banks, who had
been at Harper’s Ferry, arrived, and taking command of the troops in
person, continued the pursuit with about ten thousand men, and
pressed the rebels beyond Middleburg, cutting off many stragglers.
The object was to capture his whole force, if possible. General
Williams, with his forces, arrived on the field, too late to participate
in the action. They joined in the chase.
The loss of the enemy in killed and wounded was six hundred. The
number of prisoners taken was three hundred.
The Union loss in killed was one hundred, and about four hundred
wounded. Though the enemy had a much larger force, four pieces of
cannon more than the Federals, the selection of fighting ground, and
every other advantage, yet all the trophies of the occasion belong to
the Union army.
The rebels had an Irish battalion of one hundred and fifty men, of
whom forty were killed on the field, and many of the rest wounded.
Their commander, Captain Jones, was captured, having lost both
eyes by a bullet.
The loss on the Union side was heaviest in the Eighty-fourth
Pennsylvania regiment. Of the five companies of three hundred men,
in all, engaged, they lost Colonel Murray, a brave officer; one captain,
one lieutenant, twenty-three privates and non-commissioned officers
killed, and sixty-three wounded. The loss in the Eighth and Fifth
Ohio regiments was about seventy-five and sixty, respectively, killed
and wounded.
Lieutenant-Colonel Thorburn, of the Third Virginia, was among
the wounded. These were the only field officers killed or wounded in
the Union forces.
The battle-field after the struggle was a terrible sight. The night
was dark and cold. After the battle the ambulances were busily
engaged removing the wounded. The enemy carried off most of their
wounded and some of their dead. The wounded were intermingled
with the dead, and their sufferings before they were removed to the
hospitals were heart-rending. The next day was spent in burying the
dead. The ghastly aspect of the field after the wounded were
removed, and before the dead were interred, was appalling.
BATTLE OF PITTSBURG LANDING.