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Contemporary Economics

ISBN: 9780538437004 | 0538437006
Edition: 1st
Format: Hardcover
Publisher: Cengage Learning
Pub. Date: 2/3/2004

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SummaryTable of Contents
Contemporary Economics provides solid coverage of fundamental economic topics. Concentrating on the NCEE (National Council on Economic Education) standards, the text moves students from the basic question of ?What Is Economics?? through clear and visual explanations of demand, supply, market equilibrium, decision making, market institutions, the national economy, government?s role, public policy, and the international economy. This brand new high school instructional package combines comprehensive economic content, sound instructional design, a... MORE
National Content Standards In Economicsxxiv
Social Studies Skillsxxvi
Reading Skillsxxxiv
Economic Measurement Skillsxxxvi
UNIT 1 INTRODUCTION TO ECONOMICS
... MORE
What Is Economics?
4(28)
The Economic Problem
5(5)
Economic Theory
10(9)
Opportunity Cost and Choice
19(13)
Chapter Assessment
28(4)
Economic Systems and Economic Tools
32(28)
Economic Questions and Economic Systems
33(8)
Production Possibilities Frontier
41(9)
Comparative Advantage
50(10)
Chapter Assessment
56(4)
U.S. Private and Public Sectors
60(38)
The U.S. Private Sector
61(7)
Regulating the Private Sector
68(7)
Public Goods and Externalities
75(7)
Providing a Safety Net
82(16)
Chapter Assessment
92(4)
Project 1 Investing in Your Future: Following the Dream
96(2)
UNIT 2 THE MARKET ECONOMY
98(124)
Demand
100(30)
The Demand Curve
101(8)
Elasticity of Demand
109(9)
Changes in Demand
118(12)
Chapter Assessment
126(4)
Supply
130(32)
The Supply Curve
131(9)
Shifts of the Supply Curve
140(7)
Production and Cost
147(15)
Chapter Assessment
158(4)
Market Forces
162(28)
Price, Quantity, and Market Equilibrium
163(6)
Shifts of Demand and Supply Curves
169(9)
Market Efficiency and Gains from Exchange
178(12)
Chapter Assessment
186(4)
Market Structure
190(32)
Perfect Competition and Monopoly
191(10)
Monopolistic Competition and Oligopoly
201(7)
Antitrust, Economic Regulation, and Competition
208(14)
Chapter Assessment
216(4)
Project 2 Investing in Your Future: Selecting a Life Horizon
220(2)
UNIT 3 MARKET INSTITUTIONS
222(96)
Businesses
224(30)
Entrepreneurs
225(8)
Sole Proprietorships and Partnerships
233(8)
Corporations and Other Organizations
241(13)
Chapter Assessment
250(4)
Labor Markets
254(32)
Demand and Supply of Resources
255(11)
Wage Determination
266(7)
Labor Unions
273(13)
Chapter Assessment
282(4)
Financial Markets and Business Growth
286(32)
Production, Consumption, and Time
287(7)
Banks, Interest, and Corporate Finance
294(9)
Business Growth
303(15)
Chapter Assessment
312(4)
Project 3 Investing in Your Future: Investing in Yourself
316(2)
UNIT 4 THE NATIONAL ECONOMY
318(108)
Economic Performance
320(36)
Gross Domestic Product
321(7)
Limitations of GDP Estimation
328(7)
Business Cycles
335(8)
Aggregate Demand and Aggregate Supply
343(13)
Chapter Assessment
352(4)
Economic Growth
356(30)
The PPF, Economic Growth, and Productivity
357(9)
Living Standards and Labor Productivity Growth
366(8)
Issues of Technological Change
374(12)
Chapter Assessment
382(4)
Economic Challenges
386(40)
Unemployment
387(10)
Inflation
397(6)
Economic Instability
403(9)
Poverty
412(14)
Chapter Assessment
420(4)
Project 4 Investing in Your Future: Keeping the Faith
424(2)
UNIT 5 PUBLIC POLICY AND THE NATIONAL ECONOMY
426(124)
Government Spending, Revenue, and Public Choice
428(30)
Public Goods and Taxation
429(8)
Federal, State, and Local Budgets
437(10)
Economics of Public Choice
447(11)
Chapter Assessment
454(4)
Fiscal Policy, Deficits, and Debt
458(30)
The Evolution of Fiscal Policy
459(9)
Fiscal Policy Reconsidered
468(7)
Federal Deficits and Federal Debt
475(13)
Chapter Assessment
484(4)
Money and Banking
488(30)
Origins of Money
489(7)
Origins of Banking and the Federal Reserve System
496(9)
Money, Near Money, and Credit Cards
505(13)
Chapter Assessment
514(4)
Money Creation, the Federal Reserve System, and Monetary Policy
518(32)
How Banks Work
519(6)
Monetary Policy in the Short Run
525(11)
Monetary Policy in the Long Run
536(14)
Chapter Assessment
544(4)
Project 5 Investing in Your Future: Shifting Perspectives
548(2)
UNIT 6 THE INTERNATIONAL ECONOMY
550(68)
International Trade
552(34)
Benefits of Trade
553(6)
Trade Restrictions and Free-Trade Agreements
559(8)
Balance of Payments
567(7)
Foreign Exchange Rates
574(12)
Chapter Assessment
582(4)
Economic Development
586(32)
Developing Economies and Industrial Market Economies
587(10)
Foreign Trade, Foreign Aid, and Economic Development
597(6)
Rules of the Game, Transition Economies, and Convergence
603(15)
Chapter Assessment
612(4)
Project 6 Investing in Your Future: Finding New Frontiers
616(2)
Economic Data618(10)
Glossary628(13)
Spanish Glossary641(12)
Index653(16)
Acknowledgments669

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