Study Guide for Economics

by Robinson, Bill

• ISBN13: 9780324019001
• ISBN10: 0324019009
• Edition: 5th
• Format: Paperback
• Copyright: 2000-08-30
• Publisher: South-Western College Pub

Summary

Each chapter of the study guide offers chapter objectives, a chapter outline, key terms to know, multiple-choice and true/false self test questions, and when appropriate additional graphing problems. The answers for each problem are located at the end of the study guide.

Table of Contents

What Economics Is About	1	(12)
Trade, Tradeoffs, and Economic Systems	12	(11)
Supply, Demand, and Price: The Theory	23	(11)
Applications of Supply and Demand: Using Supply and Demand to Explain Market and Nonmarket Behavior	34	(12)
Macroeconomic Measurements, Part I: Prices and Unemployment	46	(12)
Macroeconomic Measurements, Part II: GDP and Real GDP	58	(12)
Aggregate Demand and Aggregate Supply	70	(11)
The Self-Regulating Economy	81	(9)
Economic Instability: A Critique of the Self-Regulating Economy	90	(10)
Fiscal Policy	100	(9)
Taxes, Deficits, Surpluses, and the Public Debt	109	(7)
Money and Banking	116	(9)
The Federal Reserve System	125	(10)
Money and the Economy	135	(11)
Monetary Policy	146	(10)
Expectations Theory and the Economy	156	(11)
Economic Growth: Resources, Technology, and Ideas	167	(10)
Elasticity	177	(9)
The Logic of Consumer Choice	186	(9)
The Firm	195	(9)
Production and Costs	204	(13)
Perfect Competition	217	(11)
Monopoly	228	(8)
Monopolistic Competition and Oligopoly	236	(10)
Government and Product Markets: Antitrust and Regulation	246	(9)
Agriculture: Farmers' Problems, Government Policies, and Unintended Effects	255	(8)
Factor Markets: With Emphasis on the Labor Market	263	(9)
Wages, Unions, and Labor	272	(9)
The Distribution of Income and Poverty	281	(9)
Interest, Rent, and Profit	290	(9)
Market Failure: Externalities, Public Goods, and Asymmetric Information	299	(9)
Public Choice: Economic Theory Applied to Politics	308	(8)
International Trade	316	(10)
International Finance	326	(10)
International Economic Development	336	(7)
Answer Key	343