Instant download Economics 5th Edition Hubbard Test Bank pdf docx epub after payment.
Product Details:
- ISBN-10 : 0133455440
- ISBN-13 : 978-0133455441
- Author:
One of the challenges of teaching Principles of Economics is fostering interest in concepts that may not seem applicable to students’ lives. Economics, Fifth Edition makes economics relevant by demonstrating how real businesses use economics to make decisions every day. Regardless of their future career path—opening an art studio, trading on Wall Street, or bartending at the local pub—students will benefit from understanding the economic forces behind their work.
Table of contents:
- PART 1: INTRODUCTION
- Chapter 1: Economics: foundations and ideas
- Learning objectives
- Three key economic ideas
- Learning objective
- People are rational
- People respond to economic incentives
- Optimal decisions are made at the margin
- Scarcity, trade-offs and the economic problem that every society must solve
- Learning objective
- What goods and services will be produced?
- How will the goods and services be produced?
- Who will receive the goods and services produced?
- Centrally planned economies versus market economies
- The modern ‘mixed’ economy
- Efficiency and equity
- Economic models
- Learning objective
- The role of assumptions in economic models
- Forming and testing hypotheses in economic models
- Normative and positive analysis
- Economics as a social science
- Microeconomics and Macroeconomics
- Learning objective
- Economic skills and economics as a career
- Learning objective
- Conclusion
- Chapter summary and problems
- Key terms
- Three key economic ideas
- Scarcity, trade-offs and the economic problem that every society must solve
- Economic models
- Microeconomics and macroeconomics
- Economic skills and economics as a career
- Appendix
- Using graphs and formulas
- Graphs of one variable
- Graphs of two variables
- Slopes of lines
- Taking into account more than two variables on a graph
- Positive and negative relationships
- Determining cause and effect
- Are graphs of economic relationships always straight lines?
- Slopes of non-linear curves
- Formulas
- Formula for a percentage change
- Formulas for the areas of a rectangle and a triangle
- Summary of using formulas
- Appendix Problems
- Using graphs and formulas
- Problems and applications
- Endnotes
…
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