FUNDAMENTALS OF ECONOMICS

Students preparing for the AP Economics exam are challenged to sharpen their understanding and critical thinking skills through a combination of practical problems, reading, and analyses.

These four posters offer smart consumer information, questions to ask, and tips for students as they start a responsible financial future.

Concise and informative essays examine a wide range of subjects, revealing entertaining stories and world-changing developments in the field, and shedding light on topics such as mercantilism, the Enlightenment, communism, econometrics, Keynesianism, macroeconomics, game theory, cliometrics, market design theory, and the "Keynesian Resurgence" that emerged in the wake of the Great Recession in the 2000s.

Explaining why a country’s citizens are obligated to pay to fund the government, this volume also covers why taxation is important to modern economies and how taxation levels can rise or fall depending on a nation’s financial health.

Starting with the historical example of how South Carolina threatened to secede from the Union over tariffs in 1832, this volume discusses the theory and history of tariffs and trade barriers, puts the concept in context, and provides contemporary cases that illuminate how they work in practice.

Explains how the increase of oil prices decreases the demand for oil and causes consumers to look for alternative sources of energy, and the local, national, and global implications of supply and demand.

Covering stocks, the open market, and the dangers and benefits of investments, this volume also looks at why individuals and businesses place their financial confidence in the market in hopes of further financial gains, and how the Great Depression and the Great Recession offer prime examples of the dangers of taking these financial risks.

Explaining the characteristics of recessions and how they are a part of the normal economic cycle, this volume explores how inflation and the imbalance of supply and demand can cause economic downturns.

Covers how inflation is affected by supply and demand, how it existed long before paper currency, how it can be regulated, and how a lack of regulation can affect the economy.