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OpenStax College is a nonprofit organization committed to improving student access to quality learning materials. Our free textbooks are developed and peer-reviewed by educators to ensure they are readable, accurate, and meet the scope and sequence requirements of your course. Through our partnerships with companies and foundations committed to reducing costs for students, OpenStax College is working to improve access to higher education for all. OpenStax College is an initiative of Rice University and is made possible through the generous support of several philanthropic foundations.

Normal Distribution (Pinkie Length)

705 2014-12-29 02:29:18

The Economics of Pollution

<para>By the end of this section, you will be able to:</para> <ul> <li>Explain and give examples of positive and negative externalities</li> <li>Identify equilibrium price and quantity</li> <li>Evaluate how firms can contribute to market failure</li> </ul>

705 2014-12-29 02:29:17

Appendix A: Review Exercises (Ch 3-13)

705 2014-12-29 02:29:17

Modeling with Linear Functions

In this section, you will:<ul><li>Identify steps for modeling and solving.</li><li>Build linear models from verbal descriptions.</li><li>Build systems of linear models.</li></ul>

705 2014-12-29 02:29:16

Lab: One-Way ANOVA

705 2014-12-29 02:29:16

How Well GDP Measures the Well-Being of Society

<para>By the end of this section, you will be able to:</para><ul><li>Discuss how productivity influences the standard of living</li><li>Explain the limitations of GDP as a measure of the standard of living</li><li>Analyze the relationship between GDP data and fluctuations in the standard of living</li></ul>

705 2014-12-29 02:29:15

Comparing GDP among Countries

<para>By the end of this section, you will be able to:</para><ul><li>Explain how GDP can be used to compare the economic welfare of different nations</li><li>Calculate the conversion of GDP to a common currency by using exchange rates</li><li>Calculate GDP per capita using population data</li></ul>

705 2014-12-29 02:29:15

Tracking Inflation

<para>By the end of this section, you will be able to:</para> <ul> <li>Calculate the annual rate of inflation</li> <li>Explain and use index numbers and base years when simplifying the total quantity spent over a year for products</li> <li>Calculate inflation rates using index numbers</li> </ul>

705 2014-12-29 02:29:15

Introduction to Consumer Choices

705 2014-12-29 02:29:15

Trade Balances and Flows of Financial Capital

<para>By the end of this section, you will be able to:</para><ul><li>Explain the connection between trade balances and flows of financial capital</li><li>Calculate comparative advantage</li><li>Explain balanced trade in terms of investment and capital flows</li></ul>

705 2014-12-29 02:29:14

The Keynesian Perspective on Market Forces

By the end of this section, you will be able to:<ul><li>Explain the Keynesian perspective on market forces</li><li>Analyze the role of government policy in economic management</li></ul>

705 2014-12-29 02:29:14

Exchange Rate Policies

<para>By the end of this section, you will be able to:</para> <ul> <li>Differentiate among a floating exchange rate, a soft peg, a hard peg, and a merged currency</li> <li>Identify the tradeoffs that come with a floating exchange rate, a soft peg, a hard peg, and a merged currency</li> </ul>

705 2014-12-29 02:29:14

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