Basic Economic Principles: A Guide for Students

(Hardback)

Publishing Details

Classifications

Physical Properties

Description

This user-friendly guide explains economic concepts and principles in a lively, informative way. Clear and easy-to-understand definitions and explanations, with examples that relate to issues and problems relevant to teenagers, will help students gain a better understanding of economics. In 15 chapters, the guide covers all the basic information students need to understand the basic economic concepts and principles of economics, including: definition of economics in historical context; how various economics systems work; how prices are set in the US economy; consumer behaviour; factors of production; types of businesses; competition in the marketplace; the functions of money; banking and credit; types of investments; the federal budget and taxation; federal monetary and fiscal policies; income distribution in the United States; labour and management issues; and international trade. Each chapter explores a key question in economics, is illustrated with graphs and tables and features the latest economic data. Profiles of the major economic thinkers who influenced thinking on concepts and principles provide historical context. In addition to improving students' conceptual understanding, the guide also encourages critical thinking by investigating controversial issues related to topics as varied as the minimum wage, the decay of our natural environment, poverty, and business ethics of multinational corporations. An extensive glossary of key concepts, terms and institutions is a handy tool. Unlike cut-and-dried, difficult to follow reference works on economics, this guide, designed and written especially for students, should help readers better understand economic information and issues.

Reviews

"Recommended for library collections serving general readers and lower-division undergraduate students."-Choice
"The answers to fifteen basic economic questions are formatted in friendly, clear discussions with excellent descriptions, pertinent up-to-date examples, graphics, and historical explanations."-The Book Report

Author Bio

DAVID E. O'CONNOR is a nationally recognized economics teacher at the Edwin O. Smith High School in Storrs, Connecticut. He has also served as a College Board Consultant in Economics, President of the Connecticut Council for Social Studies, and Instructor at the Taft Summer Institute for Teachers. He has conducted over 100 teacher workshops and written 18 books and teacher's manuals in the fields of economics, ethnic history, and world history, including Basic Economic Principles (Greenwood, 2000), Demystifying the Global Economy (Greenwood, 2002), and The Basics of Economics (Greenwood, 2004). CHRISTOPHER FAILLE is author of These Last Four Centuries: A Romp through Intellectual History (1988) and The Decline and Fall of the Supreme Court: Living Out the Nightmares of the Federalists (Praeger, 1995).