This accessible workbook has been developed to provide readers with a solid grounding in economic principles. It offers a critical examination of 40 economic theorems and concepts - such as wealth distribution, supply and demand and finance - and the contexts in which they should be understood.

chapter 1|1 pages

Why Study Economics?

chapter 4|5 pages

Caeteris Paribus and Prediction

chapter 5|2 pages

The Production Possibilities Frontier

chapter 7|1 pages

The Economic Principle

chapter 9|1 pages

Human Ends

chapter 10|2 pages

Individual and Social Decision-Making

chapter 11|4 pages

Price Determination

chapter 12|1 pages

Elasticities of Demand and Supply

chapter 13|2 pages

Market Prices and Social Values

chapter 14|4 pages

The Perfect Competition Norm

chapter 15|8 pages

The Invisible Hand

chapter 16|7 pages

The Influence and Safety of Finance

chapter 17|4 pages

The Finn and Profit Maximization

chapter 18|3 pages

Oligopoly, Stability, and Public Policy

chapter 20|3 pages

Externalities and Efficiency

chapter 21|9 pages

Responsibility to Stockholders and Others

chapter 22|1 pages

Functional Income Distribution Theory

chapter 23|3 pages

The Minimum Wage Law

chapter 26|6 pages

The Equity-Efficiency Trade-off

chapter 27|15 pages

Aggregate Demand and Supply

chapter 28|10 pages

That Keynesian Revolution Controversy Again

chapter 29|1 pages

The Welfare State

chapter 30|3 pages

Inflation and Stagflation

chapter 32|10 pages

International Economic Relations

chapter 33|3 pages

The International Monetary System

chapter 34|10 pages

The Economic Roles of Government

chapter 35|5 pages

Comparative Economic Systems

chapter 36|2 pages

Economic Development

chapter 37|4 pages

Growth and Sustainable Economies

chapter 38|4 pages

What Picture of Social Problems?

chapter 39|1 pages

The Relation to Social Philosophy

chapter 40|6 pages

A Humanistic Economics Is Needed