The Trial Blending Space is for evaluation purposes only.
This comprehensive course contains 21 sections with 114 self-grading lessons, including final assessments. The first section is available to try for free.
This is the final assessment for Welcome to Economics! (Available when you subscribe.)
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The full course includes all 114 lessons, including 21 Final Assessments with Instructor Answer Keys.
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The Blending Space features:
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2.1 How Individuals Make Choices Based on Their Budget Constraint2.2 The Production Possibilities Frontier and Social Choices2.3 Confronting Objections to the Economic ApproachFinal Assessment
3.1 Demand, Supply, and Equilibrium in Markets for Goods and Services3.2 Shifts in Demand and Supply for Goods and Services3.3 Changes in Equilibrium Price and Quantity: The Four-Step Process3.4 Price Ceilings and Price Floors3.5 Demand, Supply, and EfficiencyFinal Assessment
4.1 Demand and Supply at Work in Labor Markets4.2 Demand and Supply in Financial Markets4.3 The Market System as an Efficient Mechanism for InformationFinal Assessment
5.1 Price Elasticity of Demand and Price Elasticity of Supply5.2 Polar Cases of Elasticity and Constant Elasticity5.3 Elasticity and Pricing5.4 Elasticity in Areas Other Than PriceFinal Assessment
6.1 Measuring the Size of the Economy: Gross Domestic Product6.2 Adjusting Nominal Values to Real Values6.3 Tracking Real GDP over Time6.4 Comparing GDP among Countries6.5 How Well GDP Measures the Well-Being of SocietyFinal Assessment
7.1 The Relatively Recent Arrival of Economic Growth7.2 Labor Productivity and Economic Growth7.3 Components of Economic Growth7.4 Economic ConvergenceFinal Assessment
8.1 How Economists Define and Compute Unemployment Rate8.2 Patterns of Unemployment8.3 What Causes Changes in Unemployment over the Short Run8.4 What Causes Changes in Unemployment over the Long RunFinal Assessment
9.1 Tracking Inflation9.2 How to Measure Changes in the Cost of Living9.3 How the U.S. and Other Countries Experience Inflation9.4 The Confusion Over Inflation9.5 Indexing and Its LimitationsFinal Assessment
10.1 Measuring Trade Balances10.2 Trade Balances in Historical and International Context10.3 Trade Balances and Flows of Financial Capital10.4 The National Saving and Investment Identity10.5 The Pros and Cons of Trade Deficits and Surpluses10.6 The Difference between Level of Trade and the Trade BalanceFinal Assessment
11.1 Macroeconomic Perspectives on Demand and Supply11.2 Building a Model of Aggregate Demand and Aggregate Supply11.3 Shifts in Aggregate Supply11.4 Shifts in Aggregate Demand11.5 How the AD/AS Model Incorporates Growth, Unemployment, and Inflation11.6 Keynes’ Law and Say’s Law in the AD/AS ModelFinal Assessment
12.1 Aggregate Demand in Keynesian Analysis12.2 The Building Blocks of Keynesian Analysis12.3 The Phillips Curve12.4 The Keynesian Perspective on Market ForcesFinal Assessment
13.1 The Building Blocks of Neoclassical Analysis13.2 The Policy Implications of the Neoclassical Perspective13.3 Balancing Keynesian and Neoclassical ModelsFinal Assessment
14.1 Defining Money by Its Functions14.2 Measuring Money: Currency, M1, and M214.3 The Role of Banks14.4 How Banks Create MoneyFinal Assessment
15.1 The Federal Reserve Banking System and Central Banks15.2 Bank Regulation15.3 How a Central Bank Executes Monetary Policy15.4 Monetary Policy and Economic Outcomes15.5 Pitfalls for Monetary PolicyFinal Assessment
16.1 How the Foreign Exchange Market Works16.2 Demand and Supply Shifts in Foreign Exchange Markets16.3 Macroeconomic Effects of Exchange Rates16.4 Exchange Rate PoliciesFinal Assessment
17.1 Government Spending17.2 Taxation17.3 Federal Deficits and the National Debt17.4 Using Fiscal Policy to Fight Recession, Unemployment, and Inflation17.5 Automatic Stabilizers17.6 Practical Problems with Discretionary Fiscal Policy17.7 The Question of a Balanced BudgetFinal Assessment
18.1 How Government Borrowing Affects Investment and the Trade Balance18.2 Fiscal Policy and the Trade Balance18.3 How Government Borrowing Affects Private Saving18.4 Fiscal Policy, Investment, and Economic GrowthFinal Assessment
19.1 The Diversity of Countries and Economies across the World19.2 Improving Countries’ Standards of Living19.3 Causes of Unemployment around the World19.4 Causes of Inflation in Various Countries and Regions19.5 Balance of Trade ConcernsFinal Assessment
20.1 Absolute and Comparative Advantage20.2 What Happens When a Country Has an Absolute Advantage in All Goods20.3 Intra-industry Trade between Similar Economies20.4 The Benefits of Reducing Barriers to International TradeFinal Assessment
21.1 Protectionism: An Indirect Subsidy from Consumers to Producers21.2 International Trade and Its Effects on Jobs, Wages, and Working Conditions21.3 Arguments in Support of Restricting Imports21.4 How Governments Enact Trade Policy: Globally, Regionally, and Nationally21.5 The Tradeoffs of Trade PolicyFinal Assessment
This appendix should be consulted after first reading Welcome to Economics!It covers:
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