Special Features

Skills for Life

Step-by-step lessons to learn and practice important skills

  • Interpreting Line Graphs 12
  • Building Flowcharts 45
  • Analyzing Primary Sources 61
  • Analyzing Tables 84
  • Environmental Policy 107
  • Determining Cause and Effect 132
  • Analyzing Political Cartoons 155
  • Using the Internet for Research 194
  • Analyzing Statistics 218
  • Understanding Public Opinion Polls 249
  • Predicting Consequences 284
  • Cost-Benefit Analysis 309
  • Analyzing Bar Graphs 337
  • Evaluating Historical Debates 364
  • Comparing Circle Graphs 394
  • Recognizing Bias in Writing 419
  • Creating a Multimedia Presentation 448
  • Using the Writing Process 484

Real-life Case Study

Case Studies show how economic concepts apply to everyday life

  • Safety at Any Cost? 19
  • Russia in Crisis 39
  • Government and the Interstate Highway System 71
  • What Makes a Person an Entrepreneur? 97
  • Are Baseball Players Paid Too Much? 121
  • Government and the Market for Milk 145
  • Regulating Cable Television 177
  • Business and Ethics 205
  • The Paterson Silk Strike of 1913 235
  • Big Banks and Small 265
  • The Fate of the Dot-Coms 293
  • How Has Technology Affected Productivity? 325
  • Unemployment in a Changing Economy 351
  • The Bush Tax Cuts 381
  • Will Social Security Survive? 409
  • Banking, Monetary Policy, and the Great Depression 435
  • NAFTA: Is Free Trade a Good Idea? 465
  • The World Bank and Economic Assistance 495

Economic Profiles

Biographies of influential and successful economists and entrepreneurs

Economists

  • Gary Becker 7
  • Adam Smith 33
  • Alice Rivlin 56
  • Karl Marx 227
  • Henry J. Aaron 370
  • John Maynard Keynes 402
  • Alan Greenspan 424
  • Carla Anderson Hills 457
  • W. Arthur Lewis 477

Entrepreneurs

  • Christy Haubegger 89
  • Robert L. Johnson 115
  • Michael Dell 138
  • Bill Gates 165
  • Jerry Yang 189
  • Amadeo P. Giannini 257
  • Warren Buffett 276
  • Andrew Carnegie 317
  • Oprah Winfrey 344

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Table of Contents

Economics: Principles in Action Unit 1 Introduction to Economics Unit 2 How Markets Work Unit 3 Business and Labor Unit 4 Money, Banking, and Finance Unit 5 Measuring Economic Performance Unit 6 Government and the Economy Unit 7 The Global Economy Reference Section