Principles of Economics Textbook


Principles of Economics TextbookPrinciples of Economics TextbookPrinciples of Economics TextbookPrinciples of Economics TextbookPrinciples of Economics Textbook

Principles of Economics by OpenStax plus MCQ, Essay Questions Key Terms

Principles of Economics covers scope and sequence requirements for a two-semester introductory economics course. The authors take a balanced method to micro- and macroeconomics, to both Keynesian and classical views, and to the theory and application of economics concepts. The text also includes many current examples, which are dealt with in a politically equitable method.

* Complete Textbook by OpenStax

* Multiple Choices Questions (MCQ)

* Essay Questions Flash Cards

* Key-Terms Flash Cards

Powered by the leading online quiz creator

1. Welcome to Economics!

1.1. What Is Economics, and Why Is It Important?

1.2. Microeconomics and Macroeconomics

1.3. How Economists Use Theories and Models to Understand Economic Issues

1.4. How Economies Can Be Organized: An Overview of Economic Systems

2. Choice in a World of Scarcity

2.1. How Individuals Make Choices Based on Their Budget Constraint

2.2. The Production Possibilities Frontier and Social Choices

2.3. Confronting Objections to the Economic Approach

3. Demand and Supply

3.1. Demand, Supply, and Equilibrium in Markets for Goods and Services

3.2. Shifts in Demand and Supply for Goods and Services

3.3. Changes in Equilibrium Price and Quantity: The Four-Step Process

3.4. Price Ceilings and Price Floors

3.5. Demand, Supply, and Efficiency

4. Labor and Financial Markets

4.1. Demand and Supply at Work in Labor Markets

4.2. Demand and Supply in Financial Markets

4.3. The Market System as an Efficient Mechanism for Information

5. Elasticity

5.1. Price Elasticity of Demand and Price Elasticity of Supply

5.2. Polar Cases of Elasticity and Constant Elasticity

5.3. Elasticity and Pricing

5.4. Elasticity in Areas Other Than Price

6. Consumer Choices

6.1. Consumption Choices

6.2. How Changes in Income and Prices Affect Consumption Choices

6.3. Labor-Leisure Choices

6.4. Intertemporal Choices in Financial Capital Markets

7. Cost and Industry Structure

7.1. Explicit and Implicit Costs, and Accounting and Economic Profit

7.2. The Structure of Costs within the Short Run

7.3. The Structure of Costs within the Long Run

8. Perfect Competition

8.1. Perfect Competition and Why It Matters

8.2. How Perfectly Competitive Firms Make Output Decisions

8.3. Entry and Exit Decisions in the Long Run

8.4. Efficiency in Perfectly Competitive Markets

9. Monopoly

9.1. How Monopolies Form: Barriers to Entry

9.2. How a Profit-Maximizing Monopoly Chooses Output and Price

10. Monopolistic Competition and Oligopoly

10.1. Monopolistic Competition

10.2. Oligopoly

11. Monopoly and Antitrust Policy

11.1. Corporate Mergers

11.2. Regulating Anticompetitive Behavior

11.3. Regulating Natural Monopolies

11.4. The Great Deregulation Experiment

12. Environmental Protection and Negative Externalities

12.1. The Economics of Pollution

12.2. Command-and-Control Regulation

12.3. Market-Oriented Environmental Tools

12.4. The Benefits and Costs of U.S. Environmental Laws

12.5. International Environmental Issues

12.6. The Tradeoff between Economic Output and Environmental Protection

13. Positive Externalities and Public Goods

14. Poverty and Economic Inequality

15. Issues in Labor Markets: Unions, Discrimination, Immigration

16. Information, Risk, and Insurance

17. Financial Markets

18. Public Economy

19. The Macroeconomic Perspective

20. Economic Growth

21. Unemployment

22. Inflation

23. The International Trade and Capital Flows

24. The Aggregate Demand/Aggregate Supply Model

25. The Keynesian Perspective

26. The Neoclassical Perspective

27. Money and Banking

28. Monetary Policy and Bank Regulation

29. Exchange Rates and International Capital Flows

30. Government Budgets and Fiscal Policy

31. The Impacts of Government Borrowing

32. Macroeconomic Policy Around the World

33. International Trade

34. Globalization and Protectionism

Principles of Economics Textbook Tags
Similar Apps


Principles of Macroeconomics covers the scope and sequence necessities of most introductory macroeconomics programs. The textual content additionally contains many present examples, that are dealt with in a politically equitable means. The consequence is a balanced method to each...


Principles of Microeconomics covers the scope and sequence of most introductory microeconomics courses. The textual content contains many present examples, that are handled in a politically equitable way. The outcome is a balanced approach to the idea and application of economics...


Economics is the social science that studies how people work together with issues of worth; specifically, the manufacturing, distribution, and consumption of goods and providers. Economics focuses on the behaviour and interactions of financial agents and how economies work. Microeconomi...


Biology is designed to cover the scope and sequence necessities of a typical two-semester biology course for science majors. The textual content supplies complete coverage of foundational research and core biology concepts through an evolutionary lens. Biology includes rich features that inter...


University Physics is a three-volume assortment that meets the scope and sequence requirements for two- and three-semester calculus-based physics programs. Volume 1 covers mechanics, sound, oscillations, and waves. Volume 2 covers thermodynamics, electrical energy and magnetism, ...


Anatomy and Physiology is a dynamic textbook for the two-semester human anatomy and physiology course for all times science and allied well being majors. The guide is organized by body system and covers commonplace scope and sequence necessities. Its lucid text, strategically constructed artwo...


Siyavula Textbooks: Grade 11 Physical Science* Complete Textbook by Siyavula* Multiple Choices Questions (MCQ)* Essay Questions Flash Cards* Key-Terms Flash CardsPowered by the leading on-line quiz creator https://www.quizover.comAt...


Introduction to Sociology 2e adheres to the scope and sequence of a typical, one-semester introductory sociology course. It presents complete protection of core ideas, foundational scholars, and emerging theories. The textbook presents part critiques with rich questions, discussions that help ...


Psychology is designed to fulfill scope and sequence necessities for the single-semester introduction to psychology course. The e-book offers a complete treatment of core concepts, grounded in both traditional studies and present and emerging research. The textual content also contains coverag...


Siyavula textbooks: grade 12 bodily science* Complete Textbook by OpenStax* Multiple Choices Questions (MCQ)* Essay Questions Flash Cards* Key-Terms Flash CardsPowered by the main online quiz creator https://www.quizover.com1. Organ...