Economics: A Basic Course
Edition: 1
Copyright: 2022
Edition: 1
Copyright: 2022
Pages: 632
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Economics: A Basic Course provides students with the information they will need to evaluate situations that affect their economic lives. Such matters include issues relating to taxation, unemployment, prices and business costs, as well as information on the global economy. The material also provides students with the background they will need should they pursue more advanced courses in economics.
Gaining some insightfulness in economics will give students a better understanding of many of our society’s economic limitations, as well as an awareness of the arguments that underly many of our political debates, for we firmly believe that without an understanding of economics our understanding of political life is blurred.
The content, based on lecture notes that have been refined and delivered over a combined teaching period of seventy five years, features a narrative style - rather than the more formulaic style that’s followed by most other textbooks.
In addition, the text features minimal distracting photos / and images and utilizes bullets rather than longer paragraphs in order to promote a cleaner expression of ideas.
Overall, this is an economics text that is much less forbidding than others. Even its graphs are clear. They do not appear as mathematical abstractions but rather as valuable learning tools because they are all closely linked to real life examples.
Preface
Unit 1- Introduction
Chapter 1- What Economics Is About
Unit 2- Microeconomics
Chapter 2- Supply/Demand Part 1 - How Prices Are Established
Chapter 3- Supply/Demand Part 2 - Shifting Curves
Chapter 4- Price Elasticity Of Demand
Chapter 5- The Firm - Determining Output and Measuring Costs
Chapter 6- The Four Firm Structures
Unit 3-Macroeconomics
Chapter 7- GDP and Per Capita GDP
Chapter 8- The Federal Budget, Taxation and Equity
Chapter 9- Inflation
Chapter 10- Unemployment
Chapter 11- The Federal Reserve System
Chapter 12- Monetary Policy
Chapter 13- Keynes And Fiscal Policy
Unit 4- The Global Economy
Chapter 14- The GATT, WTO, and Trade Laws
Chapter 15- International Economics - Creating A Currency To Facilitate Trade
APPENDIX 1- Two Great Competing Systems - Capitalism and Socialism
APPENDIX 2- Profit Maximizing
GLOSSARY
James Marsis taught economics at both the undergraduate and graduate levels at Salve Regina University for twenty five years. He has also taught at the New England Institute of Technology and has taught courses at Rhode Island College, where his focus has recently become their introductory course. This text has grown out of that course. As a student, he studied at Providence College and at NYU
Economics: A Basic Course provides students with the information they will need to evaluate situations that affect their economic lives. Such matters include issues relating to taxation, unemployment, prices and business costs, as well as information on the global economy. The material also provides students with the background they will need should they pursue more advanced courses in economics.
Gaining some insightfulness in economics will give students a better understanding of many of our society’s economic limitations, as well as an awareness of the arguments that underly many of our political debates, for we firmly believe that without an understanding of economics our understanding of political life is blurred.
The content, based on lecture notes that have been refined and delivered over a combined teaching period of seventy five years, features a narrative style - rather than the more formulaic style that’s followed by most other textbooks.
In addition, the text features minimal distracting photos / and images and utilizes bullets rather than longer paragraphs in order to promote a cleaner expression of ideas.
Overall, this is an economics text that is much less forbidding than others. Even its graphs are clear. They do not appear as mathematical abstractions but rather as valuable learning tools because they are all closely linked to real life examples.
Preface
Unit 1- Introduction
Chapter 1- What Economics Is About
Unit 2- Microeconomics
Chapter 2- Supply/Demand Part 1 - How Prices Are Established
Chapter 3- Supply/Demand Part 2 - Shifting Curves
Chapter 4- Price Elasticity Of Demand
Chapter 5- The Firm - Determining Output and Measuring Costs
Chapter 6- The Four Firm Structures
Unit 3-Macroeconomics
Chapter 7- GDP and Per Capita GDP
Chapter 8- The Federal Budget, Taxation and Equity
Chapter 9- Inflation
Chapter 10- Unemployment
Chapter 11- The Federal Reserve System
Chapter 12- Monetary Policy
Chapter 13- Keynes And Fiscal Policy
Unit 4- The Global Economy
Chapter 14- The GATT, WTO, and Trade Laws
Chapter 15- International Economics - Creating A Currency To Facilitate Trade
APPENDIX 1- Two Great Competing Systems - Capitalism and Socialism
APPENDIX 2- Profit Maximizing
GLOSSARY
James Marsis taught economics at both the undergraduate and graduate levels at Salve Regina University for twenty five years. He has also taught at the New England Institute of Technology and has taught courses at Rhode Island College, where his focus has recently become their introductory course. This text has grown out of that course. As a student, he studied at Providence College and at NYU