WHAT IS ECONOMICS and GLOBALIZATION ?
NOTE: Some of the answers in the back of the study guide are WRONG. Corrected answers and page references can be found on the textbook’s website or click here. Chapter 1 – The 5Es of Economics • Reading Assignments: • Chapter 1 ALL (including the appendix “Graphs and Their Meaning”) • PLUS: • Efficient Allocation pp. 56-57 • Personal Distribution of Income pp. 73-74 • The online lecture is VERY IMPORTANT: The 5Es of Economics • Study Guide • Chapter 1: • Multiple Choice: # 1-7, 10-12, 14-24 • Problems: # 4, 5 • Appendix to Chapter 1: • Multiple Choice: # 1, 2, 6, 11, 12 15, 16, 17 • Problems: # 1a, 1b, 2a, 4 • Worked Problems: 1.1 and 1.2 @ http://www.mcconnell18e.com • Web Quiz at http://www.mcconnell18e.com: ALL questions • End-of-Chapter Key Questions: # 1-5, 1-7, 1-10, 1-11, 1-14, appendix 1-7 [the answers to the key questions can be found on our Blackboard site] Chapter 2 – Economic Systems and Globalization • Reading Assignments: • Chapter 2 ALL • PLUS • pages 2-13 from Chapter 2
