Description: Part I: INTRODUCTION TO THE PRICE SYSTEM.1. Economics: The World Around You.1A. Appendix: Working with Graphs.2. Choice, Opportunity Costs, and Specialization.3. Markets, Demand and Supply, and the Price System.4. The Market System and the Private and Public Sectors.Part II: PRODUCT MARKET BASICS.5. Elasticity: Demand and Supply.5A. Appendix: Calculating Elasticity.6. Consumer Choice.6A. Appendix: Indifference Analysis.7. Supply: The Costs of Doing Business.7A. Appendix: The Mechanics of Going from Production to Costs.Part III: PRODUCT MARKETS.8. Profit Maximization.9. Perfect Competition.10. Monopoly.11. Monopolistic Competition and Oligopoly.12. Antitrust and Regulation.13. Government and Market Failure.Part IV: RESOURCE MARKETS.14. Resource Markets.15. The Labor Market.16. Capital Markets.17. The Land Market and Natural Resources.Part V: CURRENT ISSUES INVOLVING THE PUBLIC SECTOR AND THE MARKET ECONOMY.18. Aging, Social Security, and Health Care.19. Income Distribution, Poverty, and Government Policy.Part VI: ISSUES IN INTERNATIONAL TRADE AND FINANCE.20. World Trade Equilibrium.21. International Trade Restrictions.22. Exchange Rates and Financial Links Between Countries.

Please Wait