Economics: Principles and Practices,9780028235561

Economics: Principles and Practices

by
ISBN13: 9780028235561
ISBN10: 0028235568
Format: Hardcover
Pub. Date: 1999-01-01
Publisher(s): Glencoe/McGraw-Hill School Pub Co
List Price: $125.96

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Table of Contents

UNIT 1 FUNDAMENTAL ECONOMIC CONCEPTS 4(74)
What Is Economics?
6(24)
Scarcity and the Science of Economics
8(6)
Trade-Offs and Opportunity Costs
14(5)
Basic Economic Concepts
19(11)
Economic Systems and Decision Making
30(22)
Economic Systems
32(6)
Evaluating Economic Performance
38(5)
Capitalism and Free Enterprise
43(9)
Business Organizations and Economic Institutions
52(26)
Business Organizations
54(10)
Business Growth and Expansion
64(5)
Other Organizations and Institutions
69(9)
UNIT 2 MICROECONOMICS 78(100)
Demand
80(22)
What Is Demand?
82(4)
The Law of Demand
86(6)
Elasticity of Demand
92(10)
Supply
102(24)
What Is Supply?
104(7)
The Theory of Production
111(6)
Supply and the Role of Cost
117(9)
Prices and Decision Making
126(24)
Prices as Signals
128(6)
How Prices Are Determined
134(6)
The Price System at Work
140(10)
Competition, Market Structures, and the Role of Government
150(28)
Competition and Market Structures
152(11)
Market Failures
163(6)
The Role of Government
169(9)
UNIT 3 MACROECONOMICS: INSTITUTIONS 178(166)
Employment, Labor, and Wages
180(28)
The Labor Movement
182(7)
Resolving Union and Management Differences
189(5)
Labor and Wages
194(4)
Employment Trends and Issues
198(10)
Sources of Government Revenue
208(28)
The Economics of Taxation
210(6)
The Federal Tax System
216(6)
State and Local Tax Systems
222(6)
Current Tax Issues
228(8)
Government Spending
236(28)
The Economics of Government Spending
238(5)
Federal Government Expenditures
243(6)
State and Local Government Expenditures
249(4)
Federal Deficits and the National Debt
253(11)
Money and Banking
264(28)
The Evolution of Money
266(6)
Early Banking and Monetary Standards
272(7)
The Development of Modern Banking
279(5)
Crisis, Reform, and Evolution in the 1980s
284(8)
The Federal Reserve System and Monetary Policy
292(26)
The Federal Reserve System
294(8)
Monetary Policy
302(7)
Monetary Policy, Banking, and the Economy
309(9)
Financial Investments, Markets, and Equities
318(26)
Savings and the Financial System
320(5)
Investing in Financial Assets
325(9)
Investing in Equities, Futures, and Options
334(10)
UNIT 4 MACROECONOMICS: POLICIES 344(100)
Gross Domestic Product
346(22)
Measuring the Nation's Output
348(6)
Measuring the Nation's Income
354(7)
GDP and Changes in the Price Level
361(7)
Population, Economic Growth, and Business Cycles
368(24)
Population
370(6)
Economic Growth
376(7)
Business Cycles and Fluctuations
383(9)
Unemployment, Inflation, and Poverty
392(24)
Unemployment
394(5)
Inflation
399(6)
Poverty and the Distribution of Income
405(11)
Achieving Economic Stability
416(28)
The Cost of Economic Instability
418(4)
Macroeconomic Equilibrium
422(5)
Stabilization Policies
427(9)
Economics and Politics
436(8)
UNIT 5 INTERNATIONAL AND GLOBAL ECONOMICS 444(96)
International Trade
446(24)
Absolute and Comparative Advantage
448(5)
Barriers to International Trade
453(8)
Financing and Trade Deficits
461(9)
Comparative Economic Systems
470(26)
The Spectrum of Economic Systems
472(5)
The Rise and Fall of Communism
477(6)
The Transition to Capitalism
483(5)
The Various Faces of Capitalism
488(8)
Developing Countries
496(22)
Economic Development
498(6)
A Framework for Development
504(5)
Financing Economic Development
509(9)
Global Economic Challenges
518(22)
The Global Demand for Resources
520(7)
Economic Incentives and Resources
527(5)
Applying the Economic Way of Thinking
532(8)
Appendix 540(67)
World Map
542(2)
United States Map
544(2)
Life Skills
546(10)
Glossary
556(14)
Spanish Handbook
570(37)
Spanish Glossary
570(16)
Spanish Chapter Digests
586(21)
Index 607(19)
Acknowledgments 626

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