Microeconomics

Principles of Microeconomics covers the scope and sequence for a one-semester economics course. The text also includes many current examples, including; the Keystone Pipeline, Occupy Wall Street, and ...

Macroeconomics

Principles of Macroeconomics covers the scope and sequence for a one-semester economics course. The text also includes many current examples, including: the housing bubble and housing crisis, Zimbabwe’s ...

Fiscal Policy, Investment, and Economic Growth

By the end of this section, you will be able to:

• Explain crowding out and its effect on physical capital investment
• Explain the relationship between budget deficits ...
  Science and Technology OpenStaxCollege 2085 2014-12-29 02:29:45

Insurance and Imperfect Information

By the end of this section, you will be able to:

• Explain how insurance works
• Identify and evaluate various forms of government and social insurance
• Discuss the problems caused by ...
  Science and Technology OpenStaxCollege 1619 2014-12-29 02:29:42

How Government Borrowing Affects Investment and the Trade Balance

By the end of this section, you will be able to:

• Explain the national saving and investment identity in terms of demand and supply
• Evaluate the role ...
  Science and Technology OpenStaxCollege 2635 2014-12-29 02:29:41

How Individuals Make Choices Based on Their Budget Constraint

By the end of this section, you will be able to:

• Calculate and graph budgets constraints
• Explain opportunity sets and opportunity costs
• Evaluate the law of diminishing ...
  Science and Technology OpenStaxCollege 1741 2014-12-29 02:29:41

What Happens When a Country Has an Absolute Advantage in All Goods

By the end of this section, you will be able to:

• Show the relationship between production costs and comparative advantage
• Identify situations of mutually beneficial trade
• Identify ...
  Science and Technology OpenStaxCollege 2760 2014-12-29 02:29:39

Fiscal Policy and the Trade Balance

By the end of this section, you will be able to:

• Discuss twin deficits as they related to budget and trade deficit
• Explain the relationship between budget ...
  Science and Technology OpenStaxCollege 1387 2014-12-29 02:29:36

How Changes in the Cost of Living are Measured

By the end of this section, you will be able to:

• Use the Consumer Price Index (CPI) to calculate U.S. inflation rates
• Identify several ways the Bureau ...
  Science and Technology OpenStaxCollege 1378 2014-12-29 02:29:35

The Problem of Imperfect Information and Asymmetric Information

By the end of this section, you will be able to:

• Analyze the impact of both imperfect information and asymmetric information
• Evaluate the role of advertisements in creating imperfect information
• Identify ...
  Science and Technology OpenStaxCollege 1258 2014-12-29 02:29:35

The Relatively Recent Arrival of Economic Growth

By the end of this section, you will be able to:

• Explain the conditions that have allowed for modern economic growth in the last two centuries
• Analyze the influence of ...
  Science and Technology OpenStaxCollege 1561 2014-12-29 02:29:35

How the Unemployment Rate is Defined and Computed

By the end of this section, you will be able to:

• Calculate the labor force percentage and the unemployment rate
• Explain hidden unemployment and what it means ...
  Science and Technology OpenStaxCollege 1476 2014-12-29 02:29:34