Study Guide to accompany Economics / Edition 6 available in Paperback
- Pub. Date:
- Cengage Learning
Written and updated by text author Roger Arnold, this thorough Study Guide reinforces student learning with a list of key concepts and terms, review questions and problems, short-answer exercises asking "what is wrong" or "what has been overlooked" in a list of statements, and multiple-choice, true/false, and fill-in-the-blank practice questions.
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About the Author
Roger A. Arnold is Professor of Economics at California State University San Marcos, where his fields of specialization include general microeconomic theory and monetary theory. A widely respected authority on economic issues, Dr. Arnold is regularly featured on talk radio to discuss the state of the economy. He is also a proven author who has written numerous academic articles, hundreds of newspaper columns, as well as the popular Economics In Our Times textbook and principles of economics supplementary text How to Think Like an Economist. Dr. Arnold has been a member of the economics faculty at California State University Northridge, University of Oklahoma, Hillsdale College, University of Nevada Las Vegas, and California State University San Marcos. He served as chair of the economics department for two years at University of Nevada Las Vegas and for seven years at California State University San Marcos. During his tenure at UNLV he was regularly one of the top five finalists for the teacher of the year honor (in the College of Business and Economics), and in 1987 he received the best researcher of the year award. Dr. Arnold earned a B.S. in economics in 1974 from the University of Birmingham in England and received his M.A. in 1976 and his Ph.D. in 1979 from Virginia Polytechnic Institute and State University.
Table of ContentsAN INTRODUCTION TO ECONOMICS. PART ONE: ECONOMICS: THE SCIENCE OF SCARCITY. 1. What Economics is About. Appendix A: Working with Diagrams. 2. Trade, Tradeoffs, and Economics Systems. 3. Supply, Demand, and Price: The Theory. 4. Applications of Supply and Demand: Explaining and Predicting Market and Nonmarket Behavior. MACROECONOMICS. PART TWO: MACROECONOMIC FUNDAMENTALS. 5. Macroeconomic Measurements, Part 1: Prices and Unemployment. 6. Macroeconomic Measurements, Part 2: GDP and Real GDP. PART THREE: MACROECONOMIC STABILITY, INSTABILITY, AND FISCAL POLICY. 7. Aggregate Demand and Aggregate Supply. 8. The Self-Regulating Economy. 9. Economic Instabilty: A Critique of the Self-Regulating Economy. 10. Fiscal Policy. 11. Taxes, Deficits, Surpluses, and the Public Debt. PART FOUR: MONEY, THE ECONOMY, AND MONETARY POLICY. 12. Money and Banking. 13. The Federal Reserve System. 14. Money and the Economy. 15. Monetary Policy. PART FIVE: EXPECTATIONS AND GROWTH. 16. Expectations Theory and the Economy. 17. Economic Growth: Resources, Technology, and Ideas. MICROECONOMICS. PART SIX: MICROECONOMIC FUNDAMENTALS. 18. Elasticity. 19. The Logic of Consumer Choice. Appendix B: Budget Constraint and Indifference Curve Analysis. 20. The Firm. 21. Production and Costs. PART SEVEN: PRODUCT MARKETS AND POLICIES. 22. Perfect Competition. 23. Monopoly. 24. Monopolistic Competition and Oligopoly. 25. Government and Product Markets: Antitrust and Regulation. 26. Agriculture: Farmers' Problems, Government Policies, and Unintended Effects. PART EIGHT: FACTOR MARKETS AND RELATED ISSUES. 27. Factor Markets: With Emphasis on the Labor Market.28. Wages, Unions, and Labor. 29. The Distribution of Income and Poverty. 30. Interest, Rent, and Profit. PART NINE: MARKET FAILURE AND PUBLIC CHOICE. 31. Market Failure: Externalities, Public Goods, and Asymmetric Information. 32. Public Choice: Economic Theory Applied to Politics. THE WORLD ECONOMY. PART TEN: INTERNATIONAL ECONOMICS: THEORY AND POLICY. 33. International Trade. 34. International Finance. 35. International Economic Development.