Workbook in Introductory Economics

Workbook in Introductory Economics, Third Edition, is designed to help readers learn and use economics, to aid in testing their level of understanding, and to improve their skills in answering multiple-choice and data-response questions. This workbook, unlike many others, is not written to ""accompany"" a particular text, but to be suitable for use with the standard ones on the market. The book begins with discussion of the subject of economics. This is followed by separate chapters on concepts such as supply and demand; production and distribution; national income; money, banking, and prices; international trade; and economic policy. Each chapter is divided into four main sections—textual summaries of the ground covered, questions and problems in economic analysis, questions and exercises on the U.K. economy, and essays. The book also includes a Reading Guide, which lists the major British standard general textbooks at an introductory level as well as one or two of the best-known American and a small number in special fields.

Introduction (for Students, Teachers and the Self-Taught)

How to use the Workbook

Reading Guide

Chapter 1 The Subject Matter of Economics

Chapter 2 Supply and Demand

Chapter 3 Production: Costs and Organization

Chapter 4 Distribution: Factors of Production and Their Prices

Chapter 5 National Income

Chapter 6 Money, Banking and the Price Level

Chapter 7 International Trade

Chapter 8 Economic Policy

Answers