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Contemporary Economics

Contemporary Economics - 05 edition

ISBN13: 978-0538437004

Cover of Contemporary Economics 05 (ISBN 978-0538437004)
ISBN13: 978-0538437004
ISBN10: 0538437006
Cover type: Hardback
Edition/Copyright: 05
Publisher: South-Western Publishing Co.
Published: 2005
International: No

List price: $143.00

Contemporary Economics - 05 edition

ISBN13: 978-0538437004

William A. McEachern

ISBN13: 978-0538437004
ISBN10: 0538437006
Cover type: Hardback
Edition/Copyright: 05
Publisher: South-Western Publishing Co.

Published: 2005
International: No
Summary

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, and extensive print and media teaching tools.

Table of Contents

UNIT 1 INTRODUCTION TO ECONOMICS

Chapter 1 What Is Economics?

1.1 The Economic Problem
1.2 Economic Theory
1.3 Opportunity Cost and Choice

Chapter 2 Economic Systems and Economic Tools

2.1 Economic Questions and Economic Systems
2.2 Production Possibilities Frontier
2.3 Comparative Advantage

Chapter 3 U.S. Private and Public Sectors

3.1 The U.S. Private Sector
3.2 Regulating the Private Sector
3.3 Public Goods and Externalities
3.4 Providing a Safety Net

UNIT 2 THE MARKET ECONOMY

Chapter 4 Demand

4.1 The Demand Curve
4.2 Elasticity of Demand
4.3 Changes in Demand

Chapter 5 Supply

5.1 The Supply Curve
5.2 Shifts of the Supply Curve
5.3 Production and Cost

Chapter 6 Market Forces

6.1 Price, Quantity, and Market Equilibrium
6.2 Shifts of Demand and Supply Curves
6.3 Market Efficiency and Gains from Exchange

Chapter 7 Market Structure

7.1 Perfect Competition and Monopoly
7.2 Monopolistic Competition and Oligopoly
7.3 Antitrust, Economic Regulation, and Competition

UNIT 3 MARKET INSTITUTIONS

Chapter 8 Businesses

8.1 Entrepreneurs
8.2 Sole Proprietorships and Partnerships
8.3 Corporations and Other Organizations

Chapter 9 Labor Markets

9.1 Demand and Supply of Resources
9.2 Wage Determination
9.3 Labor Unions

Chapter 10 Financial Markets and Business Growth

10.1 Production, Consumption, and Time
10.2 Banks, Interest, and Corporate Finance
10.3 Business Growth

UNIT 4 THE NATIONAL ECONOMY

Chapter 11 Economic Performance

11.1 Gross Domestic Product
11.2 Limitations of GDP Estimation
11.3 Business Cycles
11.4 Aggregate Demand and Aggregate Supply

Chapter 12 Economic Growth

12.1 Investment in Human and Physical Capital
12.2 Labor Productivity and Living Standards
12.3 Technological Change

Chapter 13 Economic Challenges

13.1 Unemployment
13.2 Inflation
13.3 Slow Growth and Instability
13.4 Poverty

UNIT 5 PUBLIC POLICY AND THE NATIONAL ECONOMY

Chapter 14 Government Spending, Revenue, and Debt

14.1 Size and Growth of Government
14.2 Sources of Government Revenue
14.3 Economics of Public Choice

Chapter 15 Fiscal Policy

15.1 What is Fiscal Policy?
15.2 Fiscal Policy in Short and Long Runs
15.3 Deficits, Surpluses, and the National Debt

Chapter 16 Money and Banking

16.1 Evolution of Money
16.2 How Banks Work
16.3 Banking Today

Chapter 17 The Federal Reserve System and Monetary Policy

17.1 The Federal Reserve System
17.2 Monetary Policy Tools
17.3 Monetary Policy in Short and Long Runs

UNIT 6 THE INTERNATIONAL ECONOMY

Chapter 18 International Trade

18.1 Benefits of Trade
18.2 Specialization and Comparative Advantage
18.3 Trade Restrictions and Agreements
18.4 Financing Trade

Chapter 19 Developing and Transitional Economies

19.1 Economic Development
19.2 Transition to Market Economies
19.3 Are Economies Converging?