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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.

Adjusting Nominal Values to Real Values

<para>By the end of this section, you will be able to:</para><ul><li>Contrast nominal GDP and real GDP</li><li>Explain GDP deflator</li><li>Calculate real GDP based on nominal GDP values</li></ul>

705 2014-12-29 02:28:38

The Uniform Distribution

705 2014-12-29 02:28:37

The Tradeoffs of Trade Policy

<para>By the end of this section, you will be able to:</para> <ul> <li>Asses the complexity of international trade</li> <li>Discuss why a market-oriented economy is so affected by international trade</li> <li>Explain disruptive market change</li> </ul>

705 2014-12-29 02:28:36

Microeconomics and Macroeconomics

<para>By the end of this section, you will be able to:</para> <ul> <li>Describe microeconomics</li> <li>Describe macroeconomics</li> <li>Contrast monetary policy and fiscal policy</li> </ul>

705 2014-12-29 02:28:35

Exponential and Logarithmic Models

In this section, you will: <ul> <li>Model exponential growth and decay.</li> <li>Use Newton’s Law of Cooling.</li> <li>Use logistic-growth models.</li> <li>Choose an appropriate model for data.</li> <li>Express an exponential model in base<m:math> <m:mrow> <m:mtext> </m:mtext><m:mi>e</m:mi> </m:mrow> </m:math>.</li> </ul>

705 2014-12-29 02:28:35

How Banks Create Money

<para>By the end of this section, you will be able to:</para> <ul> <li>Utilize the money multiplier formulate to determine how banks create money</li> <li>Analyze and create T-account balance sheets</li> <li>Evaluate the risks and benefits of money and banks</li> </ul>

705 2014-12-29 02:28:34

Appendix E: Solution Sheets

705 2014-12-29 02:28:34

Command-and-Control Regulation

<para>By the end of this section, you will be able to:</para> <ul> <li>Explain command-and-control regulation</li> <li>Evaluate the effectiveness of command-and-control regulation</li> </ul>

705 2014-12-29 02:28:33

The Safety Net

By the end of this section, you will be able to:<ul><li>Identify the antipoverty government programs that compose the safety net</li><li>Explain the primary goals of the safety net programs and how these programs have changed over time</li><li>Discuss the complexities of these safety net programs and why they can be controversial</li></ul>

705 2014-12-29 02:28:33

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