Economics Krugman 3rd Edition Test Bank
Product details:
ISBN:9781319113278
Author: Margaret Ray
Krugman’s Economics for the AP® Course, Third Edition was created to help students solve the economics puzzle. Assembled by AP® experts, the text’s short modules, organization, language, and emphasis perfectly mirror the AP® Economics course framework. This dedication to the AP® course keeps students on track to realize success on the AP® Economics exam. This text is available in print and digital formats. You may also purchase “Strive for a 5” study/prep guides for even more AP® practice and support.
Table contents:
Section 1 Basic Economic Concepts
Module 1Â The Study of Economics
Module 2Â Introduction to Macroeconomics
Module 3Â The Production Possibilities Curve Model
Module 4Â Comparative Advantage and Trade
Appendix Graphs in Economics
Economics by Example: What’s to Love About Economics?
Section 2 Supply and Demand
Module 5Â Supply and Demand: Introduction and Demand
Module 6Â Supply and Demand: Supply
Module 7Â Supply and Demand: Equilibrium
Module 8Â Supply and Demand: Price Controls (Ceilings and Floors)
Module 9Â Supply and Demand: Quantity Controls
Economics by Example: The Coffee Markets Hot: Why are Bean Prices Not?
Section 3 Measurement of Economic Performance
Module 10Â The Circular Flow and Gross Domestic Product
Module 11Â Interpreting Real Gross Domestic Product
Module 12Â The Meaning and Calculation of Unemployment
Module 13Â The Causes and Categories of Unemployment
Module 14Â Inflation: An Overview
Module 15Â The Measurement and Calculation of Inflation
Economics by Example: How Can GDP Be UP When Were Feeling Down?
Section 4 National Income and Price Determination
Module 16Â Income and Expenditure
Module 17Â Aggregate Demand: Introduction and Determinants
Module 18Â Aggregate Supply: Introduction and Determinants
Module 19Â Equilibrium in the Aggregate Demand Aggregate Supply Model
Module 20Â Economic Policy and the Aggregate Demand Aggregate Supply Model
Module 21Â Fiscal Policy and Multiplier Effects
Economics by Example: How Much Debt is Too Much Debt
Section 5 The Financial Sector
Module 22Â Saving, Investment, and the Financial System
Module 23Â The Definition and Measurement of Money
Module 24Â The Time Value of Money
Module 25Â Banking and Money Creation
Module 26Â The Federal Reserve System: History and Structure
Module 27Â The Federal Reserve System: Monetary Policy
Module 28Â The Money Market
Module 29Â The Market for Loanable Funds
Economics by Example: How Should We Wield the Tool of Monetary Policy?
Section 6 Inflation, Unemployment, and Stabilization Policies
Module 30Â Long-Run Implications of Fiscal Policy: Deficits and the Public Debt
Module 31Â Monetary Policy and the Interest Rate
Module 32Â Money, Output, and Prices in the Long Run
Module 33Â Types of Inflation, Disinflation, and Deflation
Module 34Â Inflation and Unemployment: The Phillips Curve
Module 35Â History and Alternative Views of Macroeconomics
Module 36Â Consensus and Conflict in Modern Macroeconomics
Economics by Example: Will Technology Put Everyone Out of Work? Unemployment, Creative Destruction, and Quality of Life
Section 7 Economic Growth and Productivity
Module 37Â Long-Run Economic Growth
Module 38Â Productivity and Growth
Module 39Â Growth Policy: Why Economic Growth Rates Differ
Module 40Â Economic Growth in Macroeconomic Models
Economics by Example: Why Are Some Countries Rich and Others Poor? Growth Models, Miracles, and the Determinants of Economic Development
Section 8 The Open Economy: International Trade and Finance
Module 41Â Capital Flows and the Balance of Payments
Module 42Â The Foreign Exchange Market
Module 43Â Exchange Rate Policy and Macroeconomic Policy
Module 44Â Barriers to Trade
Module 45Â Putting It All Together
Economics by Example: Is Globalization a Bad Word? Comparative Advantage, Culture Clashes, and International Organizations
Section 9 Behind the Demand Curve: Consumer Choice
Module 46Â Income Effects, Substitution Effects, and Elasticity
Module 47Â Interpreting Price Elasticity of Demand
Module 48Â Other Important Elasticities
Module 49Â Consumer and Producer Surplus
Module 50Â Efficiency and Deadweight Loss
Module 51Â Utility Maximization
Economics by Example: “Why Was the Great Newspaper Heist So Easy?
Section 10 Behind the Supply Curve: Profit, Production, and Costs
Module 52Â Defining Profit
Module 53Â Profit Maximization
Module 54Â The Production Function
Module 55Â Firm Costs
Module 56Â Long-Run Costs and Economies of Scale
Module 57Â Introduction to Market Structure
Economics by Example: “Could the Future Cost of Energy Change Life as We Know It?”
Section 11 Market Structures: Perfect Competition and Monopoly
Module 58Â Introduction to Perfect Competition
Module 59Â Graphing Perfect Competition
Module 60Â Long-Run Outcomes in Perfect Competition
Module 61Â Introduction to Monopoly
Module 62Â Monopoly and Public Policy
Module 63Â Price Discrimination
Economics by Example: “Is Adam Smith Rolling Over in His Grave?”
Section 12 Market Structures: Imperfect Competition
Module 64Â Introduction to Oligopoly
Module 65Â Game Theory
Module 66Â Oligopoly in Practice
Module 67Â Introduction to Monopolistic Competition
Module 68Â Product Differentiation and Advertising
Economics by Example: “Immigration: How Welcoming Should Lady Liberty Be?”
Section 13 Market Failure and the Role of the Government
Module 74Â Introduction to Externalities
Module 75Â Externalities in Markets for Goods and Services
Module 76Â Public Goods
Module 77Â Public Policy to Promote Competition
Module 78Â Income Inequality and Income Distribution
Economics by Example: “Why Not Split the Check?”
Section 14 Market Failure and the Role of Government
Module 74Â Introduction to Externalities
Module 75Â Externalities and Public Policy
Module 76Â Public Goods
Module 77Â Public Policy to Promote Competition
Module 78Â Income Inequality and Income Distribution
Economics by Example: “Why Not Split the Check?”
AP Practice Exams
Enrichment Modules
Module A: Financial Markets and Crises
Module B: Behavioral Economics
Module C: The Economics of Information
Module D: Indifference Curves and Consumer Choice
Financial Literacy Handbook
Glossary/Glosario
Index
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