Economics : Principles in Action

, by Hall, Robert Ernest

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ISBN: 9780134373294 | 0134373294
Cover: Hardcover
Copyright: 9/1/2000

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Unit 1 Introduction to Economics

xvi

What Is Economics?

(20)

Scarcity and the Factors of Production

(5)

Opportunity Cost

(5)

Production Possibilities Graphs

(9)

Case Study: Safety at Any Cost?

(1)

Chapter 1 Assessment

(2)

Economic Systems

(28)

Answering the Three Economic Questions

(5)

The Free Market

(6)

Centrally Planned Economies

(6)

Case Study: Russia in Crisis

(1)

Modern Economies

(10)

Chapter 2 Assessment

(4)

American Free Enterprise

(26)

Preserving Economic Freedoms

(6)

Providing a Safety Net

(5)

Providing Public Goods

(5)

Promoting Growth and Stability

(9)

Case Study: Government and the Interstate Highway System

(1)

Chapter 3 Assessment

(2)

The Wall Street Journal Classroom Edition Debating Current Issues: Toxic-Waste Cleanup

(2)

Introducing Microeconomics:

Unit 2 How Markets Work

(106)

Demand

(22)

Understanding Demand

(6)

Shifts of the Demand Curve

(5)

Elasticity of Demand

(10)

Case Study: What Makes a Person an Entrepreneur?

(1)

Chapter 4 Assessment

(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

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