Economics: Principles in Action

by Arthur O'Sullivan (Author), Steven M. Sheffrin  (Author)



Economics: Principles in Action is a multi-dimensional program designed to help students of all abilities achieve fundamental understanding of core economic principles. Key concepts, based on the twenty content standards of the National Council on Economic Education (NCEE), are developed throughout the program—through text, graphics, transparencies, videos, and online resources—and supported by a variety of activities to help students apply their new knowledge to the real world.

UNIT 1: INTRODUCTION TO ECONOMICS
Chapter 1: What Is Economics?
Chapter 2: Economic Systems
Chapter 3: American Free Enterprise

UNIT 2: INTRODUCING MICROECONOMICS: HOW MARKETS WORK
Chapter 4: Demand
Chapter 5: Supply
Chapter 6: Prices
Chapter 7: Market Structures

UNIT 3: BUSINESS AND LABOR
Chapter 8: Business Organizations
Chapter 9: Labor

UNIT 4: MONEY, BANKING, AND FINANCE
Chapter 10: Money and Banking
Chapter 11: Financial Markets

UNIT 5: INTRODUCING MACROECONOMICS: MEASURING ECONOMIC PERFORMANCE
Chapter 12: Gross Domestic Product and Growth
Chapter 13: Economic Challenges

UNIT 6: GOVERNMENT AND THE ECONOMY
Chapter 14: Taxes and Government Spending
Chapter 15: Fiscal Policy
Chapter 16: The Federal Reserve and Monetary Policy

UNIT 7: THE GLOBAL ECONOMY
Chapter 17: International Trade
Chapter 18: Economic Development and Transition

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