• Chapter 19 The EnvironmentChapter 19 The Environment

    Chapter Outline HOW CLEAN IS CLEAN ENOUGH? THE EXTERNALITIES APPROACH THE PROPERTY RIGHTS APPROACH ENVIRONMENTAL PROBLEMS AND THEIR ECONOMIC SOLUTIONS

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  • Chapter 18 Tobacco and AlcoholChapter 18 Tobacco and Alcohol

    Why Regulation is Warranted To provide information or to correct for the inability of consumers to make good decisions Examples: restrictions on advertising of tobacco, warning labels, age restrictions To deal with externalities (effects of a transaction that hurts or helps people who are not a part of that transaction) Examples: drunk driving...

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  • Chapter 17: Drugs and ProstitutionChapter 17: Drugs and Prostitution

    Chapter Outline AN ECONOMIC MODEL OF MARKET FOR DRUGS AND PROSTITUTION ARGUMENTS FOR MAKING A GOOD ILLEGAL DECRIMINALIZING DRUGS AND PROSTITUTION

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  • Chapter 16: NAFTA, GATT, WTO: Are Trade Agreements Good For Us?Chapter 16: NAFTA, GATT, WTO: Are Trade Agreements Good For Us?

    Chapter Outline THE BENEFITS OF FREE TRADE WHY DO WE NEED TRADE AGREEMENTS TRADE AGREEMENTS AND INSTITUTIONS ECONOMIC AND POLITICAL IMPACTS OF TRADE THE BOTTOM LINE

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  • Chapter 15: The International Monetary FundChapter 15: The International Monetary Fund

    The IMF's Role The International Monetary Fund (IMF) is a location to which member nations can go for expert economic advice. designed to foster trade among its member. the lender for member nations in short-term economic difficulty. not a lender for development purposes. (This is the function of the World Bank.)

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  • Chapter 14: International trade: does it jeopardize american jobs?Chapter 14: International trade: does it jeopardize american jobs?

    Chapter Outline WHAT WE TRADE AND WITH WHOM THE BENEFITS FROM TRADE BARRIERS TO TRADE TRADE AS A DIPLOMATIC WEAPON

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  • Chapter 13 Overstatement of the Cost of Living by the CPIChapter 13 Overstatement of the Cost of Living by the CPI

    The CPI The CPI is an index of indexes. Each category of good and service generates an index. These indexes are then used to create a more encompassing index.

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  • Chapter 12 Monetary PolicyChapter 12 Monetary Policy

    Chapter Outline GOALS, TOOLS AND A MODEL OF MONETARY POLICY CENTRAL BANK INDEPENDENCE MODERN MONETARY POLICY

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  • Chapter 11 Fiscal PolicyChapter 11 Fiscal Policy

    Chapter Outline NONDISCRETIONARY AND DISCRETIONARY FISCAL POLICY USING FISCAL POLICY TO COUNTERACT “SHOCKS” EVALUATING FISCAL POLICY

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  • Chapter 10 Federal Deficits, Surpluses, and the National DebtChapter 10 Federal Deficits, Surpluses, and the National Debt

    Chapter Outline Surpluses, Deficits, and the Debt: Definition and History How Economists See the Debt Who Owns the Debt A Balanced Budget Amendment Projections of the Future

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