Economics

by Hall, Robert Ernest

• ISBN13: 9780134373294
• ISBN10: 0134373294
• Format: Hardcover
• Copyright: 2000-09-01
• Publisher: PRENTICE HALL SCHOOL GROUP

Table of Contents

Unit 1 Introduction to Economics	xvi
What Is Economics?	2	(20)
Scarcity and the Factors of Production	3	(5)
Opportunity Cost	8	(5)
Production Possibilities Graphs	13	(9)
Case Study: Safety at Any Cost?	19	(1)
Chapter 1 Assessment	20	(2)
Economic Systems	22	(28)
Answering the Three Economic Questions	23	(5)
The Free Market	28	(6)
Centrally Planned Economies	34	(6)
Case Study: Russia in Crisis	39	(1)
Modern Economies	40	(10)
Chapter 2 Assessment	46	(4)
American Free Enterprise	50	(26)
Preserving Economic Freedoms	51	(6)
Providing a Safety Net	57	(5)
Providing Public Goods	62	(5)
Promoting Growth and Stability	67	(9)
Case Study: Government and the Interstate Highway System	71	(1)
Chapter 3 Assessment	72	(2)
The Wall Street Journal Classroom Edition Debating Current Issues: Toxic-Waste Cleanup	74	(2)
Introducing Microeconomics:
Unit 2 How Markets Work	76	(106)
Demand	78	(22)
Understanding Demand	79	(6)
Shifts of the Demand Curve	85	(5)
Elasticity of Demand	90	(10)
Case Study: What Makes a Person an Entrepreneur?	97	(1)
Chapter 4 Assessment	98	(2)
Supply	100	(24)
Understanding Supply	101	(7)
Costs of Production	108	(8)
Changes in Supply	116	(8)
Case Study: Are Baseball Players Paid Too Much?	121	(1)
Chapter 5 Assessment	122	(2)
Prices	124	(26)
Combining Supply and Demand	125	(8)
Changes in Market Equilibrium	133	(6)
The Role of Prices	139	(11)
Case Study: What Made Beanie Babies So Successful?	145	(1)
Chapter 6 Assessment	146	(4)
Market Structures	150	(32)
Perfect Competition	151	(5)
Monopoly	156	(10)
Monopolistic Competition and Oligopoly	166	(6)
Regulation and Deregulation	172	(10)
Case Study: Regulating Cable Television	177	(1)
Chapter 7 Assessment	178	(2)
The Wall Street Journal Classroom Edition Debating Current Issues: The Minimum Wage	180	(2)
Unit 3 Business and Labor	182	(58)
Business Organizations	184	(26)
Sole Proprietorships	185	(5)
Partnerships	190	(5)
Corporations, Mergers, and Multinationals	195	(6)
Other Organizations	201	(9)
Case Study: How Do Nonprofits Change With the Times?	205	(1)
Chapter 8 Assessment	206	(4)
Labor	210	(30)
Organized Labor	211	(9)
Case Study: Air-Traffic Controllers Strike	219	(1)
Labor and Wages	220	(9)
Labor Market Trends	229	(11)
Chapter 9 Assessment	236	(2)
The Wall Street Journal Classroom Edition Debating Current Issues: Child Labor	238	(2)
Unit 4 Money, Banking, and Finance	240	(58)
Money and Banking	242	(28)
Money	243	(7)
The History of American Banking	250	(8)
Banking Today	258	(12)
Case Study: Big Banks and Small	265	(1)
Chapter 10 Assessment	266	(2)
The Wall Street Journal Classroom Edition Debating Current Issues: The Future of Money	268	(2)
Financial Markets	270	(28)
Saving and Investing	271	(6)
Bonds and Other Financial Assets	277	(8)
Case Study: The Value of Junk Bonds	284	(1)
The Stock Market	285	(13)
Chapter 11 Assessment	294	(4)
Introducing Macroeconomics:
Unit 5 Measuring Economic Performance	298	(58)
Gross Domestic Product and Growth	300	(30)
Gross Domestic Product	301	(9)
Business Cycles	310	(8)
Economic Growth	318	(12)
Case Study: How Has Technology Affected Productivity?	325	(1)
Chapter 12 Assessment	326	(4)
Economic Challenges	330	(26)
Unemployment	331	(7)
Inflation	338	(7)
Poverty	345	(11)
Case Study: Unemployment in a Booming Economy	351	(1)
Chapter 13 Assessment	352	(2)
The Wall Street Journal Classroom Edition Debating Current Issues: Welfare and Work	354	(2)
Unit 6 Government and the Economy	356	(82)
Taxes and Government Spending	358	(28)
What Are Taxes?	359	(6)
Federal Taxes	365	(6)
Federal Spending	371	(4)
State and Local Taxes and Spending	375	(11)
Case Study: Shutting Down the Government	381	(1)
Chapter 14 Assessment	382	(4)
Fiscal Policy	386	(28)
Understanding Fiscal Policy	387	(8)
Fiscal Policy Options	395	(8)
Budget Deficits and the National Debt	403	(11)
Case Study: Will Social Security Survive?	409	(1)
Chapter 15 Assessment	410	(2)
The Wall Street Journal Classroom Edition Debating Current Issues: Tax Credits	412	(2)
The Federal Reserve and Monetary Policy	414	(24)
The Federal Reserve System	415	(5)
Federal Reserve Functions	420	(5)
Monetary Policy Tools	425	(5)
Monetary Policy and Macroeconomic Stabilization	430	(8)
Case Study: Banking, Monetary Policy, and the Great Depression	435	(1)
Chapter 16 Assessment	436	(2)
Unit 7 The Global Economy	438	(110)
International Trade	440	(30)
Why Nations Trade	441	(8)
Trade Barriers and Agreements	449	(9)
Measuring Trade	458	(12)
Case Study: NAFTA: Is Free Trade a Good Idea?	465	(1)
Chapter 17 Assessment	466	(4)
Economic Development and Transition	470	(78)
Levels of Development	471	(7)
Issues in Development	478	(7)
Financing Development	485	(4)
Transitions to Free Enterprise	489	(11)
Case Study: The World Bank and Economic Assistance	495	(1)
Chapter 18 Assessment	496	(2)
The Wall Street Journal Classroom Edition Debating Current Issues: A Strong Dollar	498	(2)
Reference Section
Table of Contents	500	(2)
Personal Finance Handbook	502	(30)
Economic Atlas and Databank	532	(16)
Glossary	548	(11)
Spanish Glossary	559	(14)
Index	573	(18)
Acknowledgments	591