Principles of Economics
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Quizlet
Practice vocabulary with these Hawkes' verified Quizlet sets.
Chapter 1
1.1 What Is Economics, and Why Is It Important
1.2 Economic Theories, Models, and Systems
Chapter 1 Review
Chapter 2
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
Chapter 2 Review
Chapter 3
3.1 Demand, Supply, and Equilibrium in Markets for Goods and Services
3.2 Shifts in Demand and Supply for Goods and Services
3.4 Price Ceilings and Price Floors
3.5 Demand, Supply, and Efficiency
Chapter 3 Review
Chapter 4
4.2 Demand and Supply in Financial Markets
Chapter 4 Review
Chapter 5
5.1 Price Elasticity of Demand and Price Elasticity of Supply
5.2 Polar Cases of Elasticity and Constant Elasticity
5.4 Elasticity in Areas Other Than Price
Chapter 5 Review
Chapter 6
6.1 Consumption Choices
6.2 How Changes in Income and Prices Affect Consumption Choices
6.3 Behavioral Economics: An Alternative Framework for Consumer Choice
Chapter 6 Review
Chapter 7
7.1 Explicit and Implicit Costs, and Accounting and Economic Profit
7.2 Production in the Short Run
7.3 Costs in the Short Run
7.5 Costs in the Long Run
Chapter 7 Review
Chapter 8
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
Chapter 8 Review
Chapter 9
9.1 How Monopolies Form: Barriers to Entry
9.2 How a Profit-Maximizing Monopoly Chooses Output and Price
Chapter 9 Review
Chapter 10
10.1 Monopolistic Competition
10.2 Oligopoly
Chapter 10 Review
Chapter 11
11.1 Corporate Mergers
11.2 Regulating Anticompetitive Behavior
11.3 Regulating Natural Monopolies
Chapter 11 Review
Chapter 12
12.1 The Economics of Pollution
12.3 The Benefits and Costs of U.S. Enviromental Laws
12.5 The Tradeoff between Economic Output and Environmental Protection
Chapter 12 Review
Chapter 13
13.1 Why the Private Sector Underinvests in Innovation
13.3 Public Goods
Chapter 13 Review
Chapter 14
14.1 The Theory of Labor Markets
14.3 Market Power on the Supply Side of Labor Markets
14.4 Employment Discrimination
Chapter 14 Review
Chapter 15
15.1 Drawing the Poverty Line
15.3 The Safety Net
15.4 Income Inequality: Measurement and Causes
15.5 Government Policies to Reduce Income Inequality
Chapter 15 Review
Chapter 16
16.1 The Problem of Imperfect Information and Asymmetric Information
16.2 Insurance and Imperfect Information
Chapter 16 Review
Chapter 17
17.1 How Businesses Raise Financial Capital
17.2 How Households Supply Financial Capital
17.3 How to Accumulate Personal Wealth
Chapter 17 Review
Chapter 18
18.2 Special Interest Politics
18.3 Flaws in the Democratic System of Government
Chapter 18 Review
Chapter 19
19.1 Measuring the Size of the Economy: Gross Domestic Product
19.2 Adjusting Nominal Values to Real Values
19.3 Comparing GDP among Countries
Chapter 19 Review
Chapter 20
20.1 The Relatively Recent Arrival of Economic Growth
20.2 Labor Productivity and Economic Growth
20.3 Components of Economic Growth
Chapter 20 Review
Chapter 21
21.1 How Economists Define and Compute Unemployment Rate
21.3 What Causes Changes in Umemployment over the Short Run
21.4 What Causes Changes in Unemployment over the Long Run
Chapter 21 Review
Chapter 22
22.1 Tracking Inflation
22.2 How to Measure Changes in the Cost of Living
22.5 Indexing and Its Limitations
Chapter 22 Review
Chapter 23
23.1 Measuring Trade Balances
23.3 The National Saving and Investment Identity
Chapter 23 Review
Chapter 24
24.1 Building a Model of Aggregate Demand and Aggregate Supply
24.5 Keynes' Law and Say's Law in the AD/AS Model
Chapter 24 Review
Chapter 25
25.1 Aggregate Demand in Keynesian Analysis
25.2 The Building Blocks of Keynesian Analysis
25.4 Keynsian Policy and the Keynesian Perspective on Market Forces
Chapter 25 Review
Chapter 26
26.1 The Building Blocks of Neoclassical Analysis
Chapter 26 Review
Chapter 27
27.1 Defining Money by Its Function
27.2 Measuring Money: Currency, M1, and M2
27.3 The Role of Banks
Chapter 27 Review
Chapter 28
28.2 Bank Regulation
28.3 How a Central Bank Executes Monetary Policy
28.4 Monetary Policy and Economic Outcomes
28.5 Pitfalls for Monetary Policy
Chapter 28 Review
Chapter 29
29.1 How the Foreign Exchange Market Works
29.2 Demand and Supply Shifts in Foreign Exchange Markets
29.4 Exchange Rate Policies
Chapter 29 Review
Chapter 30
30.1 Government Spending
30.2 Taxation
30.4 Using Fiscal Policy to Fight Recession, Unemployment, and Inflation
30.5 Automatic Stabilizers
30.6 Practical Problems with Discretionary Fiscal Policy
Chapter 30 Review
Chapter 31
Chapter 31 Review
Chapter 32
32.1 The Diversity of Countries and Economies across the World
32.2 Improving Countries' Standards of Living
Chapter 32 Review
Chapter 33
33.1 Absolute and Comparative Advantage
33.3 Intra-Industry Trade between Similar Economies
Chapter 33 Review
Chapter 34
34.1 Protectionism: An Indirect Subsidy from Consumers to Producers
34.3 Arguments in Support of Restricting Imports
34.4 Trade Policy
Chapter 34 Review
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