Table of Contents Unit 1 The Economic Way of Thinking 1.  Economic Reasoning: Why Are We A Nation of Couch Potatoes? 2.  Scarcity and Abundance 3.  Economic Magic: Creating Something from Nothing 4.  To Choose or Not to Choose? That Is Not the Question 5.  Rules Influence Economic Behavior Unit 2 The Invisible Hand at Work 6.  Why Did Communism Collapse? 7.  A Silver Market 8.  A Picture Is Worth a Thousand Words: Demand 9.  A Picture Is Worth a Thousand Words: Supply 10.  Equilibrium Prices and Equilibrium Quantities 11.  Do Prices Matter to Consumers? 12.  How Do Prices Influence My Behavior? Price Elasticity 13.  How Markets Allocate Resources 14.  Secondary Effects: Price Ceilings and Floors Unit 3 How You Can Prosper in a Market Economy 15.  Why Do Some People Earn More Than Others? 16.  Making Choices About Saving and Investing 17.  Creating and Using a Budget 18.  Credit Management 19.  Earning an Income Unit 4 The Business of Doing Business 20.  Why Helping Yourself Helps Others 21.  Productivity, Diminishing Marginal Returns, and the Demand for Labor 22.  How Competitive Is the Industry? 23.  Make a Profit: Do the Math Unit 5 The Visible Hand: The Role of Government in a Market Economy 24.  Government and the Environment 25.  The Economics of the U.S. Constitution 26.  Public versus Private Goods 27.  The Economics of Special Interest Groups 28.  The Economics of Voting 29.  Can Taxes Be Incentives? 30.  Poverty and Income Inequality Unit 6 The Macroeconomy 31.  Measuring Unemployment: A Labor Market Mystery 32.  The Effects of Inflation 33.  Gross Domestic Product (GDP) and How to Measure It 34.  Money and Monetary Policy 35.  Fiscal Policy: A Two-Act Play 36.  Should We Worry About the National Debt? 37.  Can Government Manage the National Economy? 38.  Aggregate Demand and Aggregate Supply Unit 7 Markets without Borders: The Global Economy 39.  Why Go Global? 40.  Why Do People Trade Across National Borders? 41.  Why People Trade: Comparative Advantage 42.  Foreign Currencies and Foreign Exchange 43.  Why Are Some Nations Wealthy? 44.  World Environmental Issues: Is the Market at Fault? 45.  International Trade: How Do We Measure Trades Across Political Borders? Glossary

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