Solu琀椀on’s Manual
Table of Contents
Content Grid................................................................................................................................................2
Chapter 1: What Economics is About..........................................................................................................5
Answers to Chapter Ques琀椀ons and Problems.........................................................................................5
Answers to Problems in the Working With Numbers and Graphs Sec琀椀on............................................14
,Content Grid
ECONOMICS MACR MICRO
O
An Introduction to Economics
Part I Economics: The Science of Scarcity Part 1 Part 1
Chapter 1 What Economics Is About 1 1
Appendix A Working with Diagrams A A
Appendix B Should You Major in Economics? B B
Chapter 2 Production Possibilities Frontier 2 2
Chapter 3 Supply and Demand: Theory 3 3
Chapter 4 Prices: Free, Controlled, and Relative 4 4
Chapter 5 Supply, Demand, and Price: Applications 5 5
Part 2 Macroeconomic Fundamentals Part 2
Chapter 6 Macroeconomic Measurements, Part I: Prices and 6
Unemployment
Chapter 7 Macroeconomic Measurements, Part II: GDP and Real GDP 7
Part 3 Macroeconomic Stability, Instability, and Fiscal Policy Part 3
Chapter 8 Aggregate Demand and Aggregate Supply 8
Chapter 9 Classical Macroeconomics and the Self-Regulating Economy 9
Chapter 10 Keynesian Macroeconomics and Economic Instability: A 10
Critique of the Self-Regulating Economy
Chapter 11 Fiscal Policy and the Federal 11
Part 4 Money, the Economy, and Monetary Policy Part 4
Chapter 12 Money, Banking, and the Financial System 12
Chapter 13 The Federal Reserve System 13
Chapter 14 Money and the Economy 14
Chapter 15 Monetary Policy 15
Appendix C: Bond Prices and Interest Rates C
Part 5 Expectations and Growth Part 5
Chapter 16 Expectations Theory and the Economy 16
,Chapter 17 Economic Growth: Resources, Technology, Ideas, and 17
Institutions
Part 6 Creative Destruction and Crony Capitalism Part 6 Part 6
Chapter 18 Creative Destruction and Crony Capitalism: Two Forces on the 18 20
Economic Landscape Today
MICROECONOMICS Part 2
Part 7 Microeconomic Fundamentals
Chapter 19 Elasticity 6
Chapter 20 Consumer Choice: Maximizing Utility and Behavioral 7
Economics
Appendix D Budget Constraint and Indifference Curve Analysis
C
Chapter 21 Production and Costs 8
Part 8 Product Markets and Policies Part 3
Chapter 22 Perfect Competition 9
Chapter 23 Monopoly 10
Chapter 24 Monopolistic Competition, Oligopoly, and Game Theory 11
Chapter 25 Government and Product Markets: Antitrust and Regulation 12
Part 9 Factor Markets and Related Issues Part 4
Chapter 26 Factor Markets: With Emphasis on the Labor Market 13
Chapter 27 Wages, Unions, and Labor 14
Chapter 28 The Distribution of Income and Poverty 15
Chapter 29 Interest, Rent, and Profit 16
Part 10 Health Economics Part 5
Chapter 30 Health Economics 17
Part 11 Market Failure, Public Choice, and Special-Interest Group Part 6
Politics
Part 11 Public Choice and Special-Interest-Group Politics
Chapter 31 Market Failure: Externalities, Public Goods, and Asymmetric 18
Information
Chapter 32 Public Choice and Special-Interest-Group Politics 19
Part 12 Economic Theories and Research Part 7 Part 7
, Chapter 33 New Frontiers in Economic Research: Casual Inference and 19 21
Machine Learning
The Global Economy Part 8 Part 8
Part 13 International Trade and Finance
Chapter 34 International Trade 20 22
Chapter 35 International Finance 21 23
Table of Contents
Content Grid................................................................................................................................................2
Chapter 1: What Economics is About..........................................................................................................5
Answers to Chapter Ques琀椀ons and Problems.........................................................................................5
Answers to Problems in the Working With Numbers and Graphs Sec琀椀on............................................14
,Content Grid
ECONOMICS MACR MICRO
O
An Introduction to Economics
Part I Economics: The Science of Scarcity Part 1 Part 1
Chapter 1 What Economics Is About 1 1
Appendix A Working with Diagrams A A
Appendix B Should You Major in Economics? B B
Chapter 2 Production Possibilities Frontier 2 2
Chapter 3 Supply and Demand: Theory 3 3
Chapter 4 Prices: Free, Controlled, and Relative 4 4
Chapter 5 Supply, Demand, and Price: Applications 5 5
Part 2 Macroeconomic Fundamentals Part 2
Chapter 6 Macroeconomic Measurements, Part I: Prices and 6
Unemployment
Chapter 7 Macroeconomic Measurements, Part II: GDP and Real GDP 7
Part 3 Macroeconomic Stability, Instability, and Fiscal Policy Part 3
Chapter 8 Aggregate Demand and Aggregate Supply 8
Chapter 9 Classical Macroeconomics and the Self-Regulating Economy 9
Chapter 10 Keynesian Macroeconomics and Economic Instability: A 10
Critique of the Self-Regulating Economy
Chapter 11 Fiscal Policy and the Federal 11
Part 4 Money, the Economy, and Monetary Policy Part 4
Chapter 12 Money, Banking, and the Financial System 12
Chapter 13 The Federal Reserve System 13
Chapter 14 Money and the Economy 14
Chapter 15 Monetary Policy 15
Appendix C: Bond Prices and Interest Rates C
Part 5 Expectations and Growth Part 5
Chapter 16 Expectations Theory and the Economy 16
,Chapter 17 Economic Growth: Resources, Technology, Ideas, and 17
Institutions
Part 6 Creative Destruction and Crony Capitalism Part 6 Part 6
Chapter 18 Creative Destruction and Crony Capitalism: Two Forces on the 18 20
Economic Landscape Today
MICROECONOMICS Part 2
Part 7 Microeconomic Fundamentals
Chapter 19 Elasticity 6
Chapter 20 Consumer Choice: Maximizing Utility and Behavioral 7
Economics
Appendix D Budget Constraint and Indifference Curve Analysis
C
Chapter 21 Production and Costs 8
Part 8 Product Markets and Policies Part 3
Chapter 22 Perfect Competition 9
Chapter 23 Monopoly 10
Chapter 24 Monopolistic Competition, Oligopoly, and Game Theory 11
Chapter 25 Government and Product Markets: Antitrust and Regulation 12
Part 9 Factor Markets and Related Issues Part 4
Chapter 26 Factor Markets: With Emphasis on the Labor Market 13
Chapter 27 Wages, Unions, and Labor 14
Chapter 28 The Distribution of Income and Poverty 15
Chapter 29 Interest, Rent, and Profit 16
Part 10 Health Economics Part 5
Chapter 30 Health Economics 17
Part 11 Market Failure, Public Choice, and Special-Interest Group Part 6
Politics
Part 11 Public Choice and Special-Interest-Group Politics
Chapter 31 Market Failure: Externalities, Public Goods, and Asymmetric 18
Information
Chapter 32 Public Choice and Special-Interest-Group Politics 19
Part 12 Economic Theories and Research Part 7 Part 7
, Chapter 33 New Frontiers in Economic Research: Casual Inference and 19 21
Machine Learning
The Global Economy Part 8 Part 8
Part 13 International Trade and Finance
Chapter 34 International Trade 20 22
Chapter 35 International Finance 21 23
