Introductory EconomicsThis carefully constructed textbook empowers the reader with an understanding of fundamental economic concepts. There are 31 ?one-concept? chapters. Each short chapter highlights one economic principle. The student can study one concept and be reinforced by the learning process before proceeding to another. The writing is lucid and at the student's level. Self-review exercises conclude each chapter. The text is well integrated to show the relationship among the basic concepts and to offer a comprehensive overview of economics. The one-concept chapters provide organizational flexibility for the instructor. There are eight modules: The Economic Problem; Price Determination; Behind the Supply Curve; Measuring the Economy, The Level of Income; Money; Trade; Conclusion.A study guide is available on line without charge. Each chapter in the text has a corresponding chapter in the study guide as well as an introduction to graphing. |
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absolute advantage aggregate demand allocation amount average total cost bank bread business cycle buyers change in price chapter checkable deposits concepts consumer consumption decrease demand curve determined diminishing returns discussed dollar economic profit economists elasticity equilibrium level excess reserves fall Federal Reserve Figure fiscal policy full employment goals government spending impact increase inflation interest rate investment labor less level of income level of output macro marginal cost marginal product marginal propensity marginal revenue market basket market structure money supply monopolist monopoly normal profit occurs oligopoly open market opportunity cost oranges percent perfectly competitive firm Phillips curve potential equilibria price index price level production possibilities curve profit maximization purchase quantity demanded quantity supplied real GDP reduce reserve requirement rise saving sellers society stagflation supply curve Table taxes total output total revenue total spending total variable cost trade Uncle Effron unemployment unit variable input wage
References to this book
Kommunikative Fachdidaktik: Politik, Geschichte, Recht, Wirtschaft Tilman Grammes No preview available - 1998 |