This example is an in-class market simulation conducted with paper cards assigning …
This example is an in-class market simulation conducted with paper cards assigning each student a buyer or seller role and a reservation price. This example is appropriate for both upper and lower division courses. Open Outcry Market was developed by Barry P. Keating at the University of Notre Dame.
This video is 3 minutes long and will enforce the understanding of …
This video is 3 minutes long and will enforce the understanding of the role government plays in a command economy. This video will enforce the standards EPF. 1 (e)
This 9 minute video will explain the example of how price floors …
This 9 minute video will explain the example of how price floors create a surplus using minimum wage as the example. This video will aid in the mastery of EPF. 3 (d)
Principles of Macroeconomics 2e covers the scope and sequence of most introductory …
Principles of Macroeconomics 2e covers the scope and sequence of most introductory economics courses. The text includes many current examples, which are handled in a politically equitable way. The outcome is a balanced approach to the theory and application of economics concepts. The second edition has been thoroughly revised to increase clarity, update data and current event impacts, and incorporate the feedback from many reviewers and adopters.Changes made in Principles of Macroeconomics 2e are described in the preface and the transition guide to help instructors transition to the second edition.
By the end of this section, you will be able to: Explain …
By the end of this section, you will be able to:
Explain demand, quantity demanded, and the law of demand Identify a demand curve and a supply curve Explain supply, quantity supplied, and the law of supply Explain equilibrium, equilibrium price, and equilibrium quantity
By the end of this section, you will be able to: Explain …
By the end of this section, you will be able to:
Explain the national saving and investment identity in terms of demand and supply Evaluate the role of budget surpluses and trade surpluses in national saving and investment identity
By the end of this section, you will be able to: Explain …
By the end of this section, you will be able to:
Explain merchandise trade balance, current account balance, and unilateral transfers Identify components of the U.S. current account balance Calculate the merchandise trade balance and current account balance using import and export data for a country
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