Basic Economic Tools and Policy Issues
Basic Economic Tools and Policy Issues

Basic Economic Tools and Policy Issues

Lead Author(s): John Merrifield

Student Price: $86.00

Policy issues such as Health Care and Pollution to create mastery in 3 core economic concepts; opportunity cost, supply-demand, and marginal analysis.

Table of Contents


by John Merrifield

All images, unless otherwise indicated, were created by and are owned by the author.

A.  Key Tools and Concepts

          1. Opportunity Cost, Marginal Analysis, and Supply-Demand Analysis

          2. Inflation

          3. Unemployment

          4. Taxes and Subsidies

          5. Competition vs. Monopoly, Monopsony, and Cartels

6. Peace/Unrest/War

7. Foreign Currency Exchange and Trade Deficits

          8. Regulation and De-Regulation, Political Marginal Analysis

          9. Elasticities

B.  Hot Stuff – What are the Limits of Positive Economics and Efficiency Assessments?

          10. Minimum Wage

          11. Equal Pay for Equal Work

C.  Government-Provided Goods and Services

          12. K-12 Education

          13. Water

          14. Facilities/Infrastructure

D.  Deliberate Interventions in Efficient Markets

          15. Agriculture

          16. Rent Control

          17. International Trade

E.  Malfunctioning Market Issues

          18. Health Care

          19. Environmental Pollution

          20. Natural Resource Management