Super Review

by Fogiel, M.

• ISBN13: 9780878911899
• ISBN10: 0878911898
• Format: Paperback
• Copyright: 2000-08-01
• Publisher: Research & Education Assn

Summary

Get all you need to know with Super Reviews! Each Super Review is packed with in-depth, student-friendly topic reviews that fully explain everything about the subject. The Macroeconomics Super Review includes economic problems, demand and supply, economic systems, gross national product, income-expenditure models, fiscal-policy issues, money and banking, inflation, and economic growth. Take the Super Review quizzes to see how much you've learned - and where you need more study. Makes an excellent study aid and textbook companion. Great for self-study!DETAILS- From cover to cover, each in-depth topic review is easy-to-follow and easy-to-grasp - Perfect when preparing for homework, quizzes, and exams!- Review questions after each topic that highlight and reinforce key areas and concepts- Student-friendly language for easy reading and comprehension- Includes quizzes that test your understanding of the subject

Table of Contents

Introduction to Economics
What is Economics?	1	(1)
Economic Analysis	2	(2)
The Economic Way of Thinking	4	(1)
Other Important Economic Concepts and Terms	5	(2)
The Economic Problem
Universality of the Problem of Scarcity	7	(1)
Universal Problems Caused by Scarcity	8	(1)
Universal Economic Goals	9	(2)
Production Possibilities Curve	11	(4)
Demand and Supply
Demand	15	(2)
Supply	17	(3)
Market Equilibrium	20	(1)
Shifts in Demand	21	(3)
Shifts in Supply	24	(3)
Price Controls	27	(7)
Quiz: Introduction to Economics--Demand and Supply	30	(4)
Economic Systems
Types of Systems	34	(2)
Circular Flow	36	(1)
How a Market Economy Works	37	(5)
Adam Smith and The Wealth of Nations	42	(1)
Conditions That Must Be Met for a Market Economy to Achieve Allocative and Technical Efficiency	43	(2)
Aptness of the Market Economy Model	45	(2)
The Private Sector of the American Economy
Private Sector	47	(1)
Households	47	(1)
Types of Business Organization	47	(3)
Distribution of Income and Wealth	50	(7)
The Public Sector of the American Economy
Public Sector	57	(1)
Government Spending	57	(2)
Taxes	59	(2)
Characteristics of a Good Tax	61	(2)
Principles of Taxation	63	(2)
Deficits, Surpluses, and the Public Debt	65	(1)
Role of Government	65	(7)
Quiz: Economic Systems - The Public Sector of the American Economy	68	(4)
Gross National Product
Measuring GNP	72	(3)
Nominal versus Real Values	75	(3)
Problems with Measuring GNP	78	(1)
Components of GNP and GNI	79	(3)
Other Measures of Income	82	(2)
Macroeconomic Problems of the American Economy
The Business Cycle	84	(2)
Unemployment	86	(5)
Inflation	91	(10)
Quiz: Gross National Product--Macroeconomic Problems of the American Economy	97	(4)
Macroeconomic Models
What a Good Macroeconomic Model Should Be Able to Do	101	(1)
The Classical Model	101	(3)
The Keynesian Model (Income-Expenditure Model)	104	(6)
Quiz: Macroeconomic Models	107	(3)
The Income-Expenditure Model
Consumption Spending	110	(5)
Investment	115	(3)
Government Spending	118	(1)
Net Exports	118	(1)
Equilibrium in a Closed Private Economy	119	(3)
The Multiplier	122	(4)
Macroeconomic Problems	126	(2)
Fiscal Policy	128	(9)
Quiz: The Income-Expenditure Model	133	(4)
Fiscal Policy Issues
Stabilization Policy	137	(1)
Deficits and the Public Debt	138	(7)
Money and Banking
What Money Is and Does	145	(3)
The United States' Money Supply	148	(3)
The Financial System	151	(3)
The Money Creation Process	154	(10)
Quiz: Fiscal Policy Issues--Money and Banking	160	(4)
Monetary Policy
The Federal Reserve System	164	(7)
The Demand for Money	171	(1)
Transmission Mechanism for Monetary Policy	172	(1)
Monetarism	173	(5)
Inflation
Theory of Inflation	178	(8)
Aggregate Demand and Aggregate Supply Model	186	(5)
Anti-Inflation Policy	191	(5)
Economic Growth
Fundamentals of Economic Growth	196	(2)
Supply-Side Economics	198	(6)
Quiz: Monetary Policy---Economic Growth	200	(4)
International Economics
Income-Expenditure Model with Foreign Sector	204	(1)
International Trade	205	(9)
International Finance	214	(11)
Quiz: International Economics	225

Excerpts

What This Book Will Do For You...

REA's SUPER REVIEWS provides all you need to know to excel in class and succeed on midterms, finals, and even pop quizzes.

Think of this book as giving you access to your own private tutor. Here, right at your fingertips, is a brisk review to help you
not only understand your textbook but also pick up where even some of the best lectures leave off.

Outstanding features include...
- Comprehensive yet concise coverage
- Targeted preparation for subject tests
- Easy-to-follow & format that helps you master the subject matter
- End-of-chapter quizzes that provide pretest tune-up

We think you'll agree that, whether you're prepping for your next test or want to be a stronger contributor in class, REA's truly provides all you need to know!


Larry B. Kling
Super Review Program Director