Here you will find the key objectives and concepts for each of the chapters we have studied.
Chapter One The Role and Method of Economics
SECTION 1.1 ECONOMICS: A BRIEF INTRODUCTION
SECTION 1.7 SPECIALIZATION AND TRADE
SECTION 1.8 MARKET PRICES COORDINATE ECONOMIC ACTIVITY
Appendix: Working with Graphs
Chapter Two: Scarcity, Trade-offs, and Production Possibilities
SECTION 2.1 THE THREE ECONOMIC QUESTIONS EVERY SOCIETY FACES
SECTION 2.2 THE CIRCULAR FLOW MODEL
SECTION 2.3 THE PRODUCTION POSSIBILITIES CURVE
SECTION 2.4 ECONOMIC GROWTH AND THE PRODUCTION POSSIBILITIES CURVE
Chapter Three: Supply and Demand
SECTION 3.3 SHIFTS IN THE DEMAND CURVE
SECTION 3.5 SHIFT IN THE SUPPLY CURVE
Chapter Four: Bringing Supply and Demand Together
SECTION 4.1 MARKET EQUILIBRIUM PRICE AND QUANTITY
SECTION 4.2 CHANGES IN EQUILIBRIUM PRICE AND QUANTITY
Chapter Five: Introduction to the Macroeconomy
SECTION 5.1 MACROECONOMIC GOALS
SECTION 5.2 EMPLOYMENT AND UNEMPLOYMENT
SECTION 5.3 DIFFERENT TYPES OF UNEMPLOYMENT
SECTION 5.5 ECONOMIC FLUCTUATIONS
Chapter Six: Measuring Economic Performance
SECTION 6.1 NATIONAL INCOME ACCOUNTING:MEASURING ECONOMIC PERFORMANCE
SECTION 6.2 THE EXPENDITURE APPROACH TO MEASURING GDP
SECTION 6.3 THE INCOME APPROACH TO MEASURING GDP
SECTION 6.4 PROBLEMS IN CALCULATING AN ACCURATE GDP
SECTION 6.5 PROBLEMS WITH GDP AS A MEASURE OF ECONOMIC WELFARE
Chapter Seven: Economic Growth in The Global Economy
SECTION 7.2 DETERMINANTS OF ECONOMIC GROWTH
SECTION 7.3 PUBLIC GROWTH AND ECONOMIC POLICY
SECTION 7.4 POPULATION AND ECONOMIC GROWTH