Study Guide To Accompany Gwartney Stroup And Clarks Essentials Of Economics Second Edition

Study Guide to Accompany Gwartney, Stroup, and Clark's Essentials of Economics, Second Edition provides additional features which can be used as reference for students who are using the textbook "Essentials of Economics, Second Edition." The book sections contain self-tests and challenge questions which are so designed that the student who can answer the self-test questions will consistently be able to answer those found in the "Instructor's Manual and Test Bank." The text encourages the student to follow four steps to get the most out of the study guide. The student should follow these steps: (1) Actively participate in the learning process; (2) Seek out prompt, accurate feedback regarding what the student has learned; (3) Learn the relevance of the concepts; and (4) Learn to address economic issues and policies critically. The book covers question topics, such as supply, demand, market process, public sector, aggregate demand, and equilibrium in a simple Keynesian model. The book also deals with questions and problems on skill acquisition, job market, and gains from international trade. The text will be a valuable aid to many students of economics whether they are economics majors are just taking the subject as a requirement in another course. Professors and lecturers of economics and business courses will also benefit from it.

One of the world’s leading experts on economic education—William Walstad of the University of Nebraska at Lincoln—has prepared the Study Guide. Each chapter contains an introductory statement, a checklist of behavioral objectives, an outline, a list of important terms, fill-in questions, problems and projects, objective questions, and discussion questions. The text’s glossary is repeated in the Study Guide so that the student does not have to go back and forth between books. Many students will find this “portable tutor” indispensable.

The Study Guide helps students develop quantitative skills and the use of economic terminology and enhances critical thinking capabilities. Each chapter includes the following features: Quick Review, Learning Objectives, Using Key terms, True/False Practice Questions, Multiple Choice Practice Questions, Problems and Applications, Common Errors. At the end of each chapter, answers are provided to all problems, exercises, and questions.

The coursebook for this edition was prepared by coauthor Professor Russell Sobel and is available in three versions: economics, microeconomics, and macroeconomics. Each includes numerous multiple choice, true/false, and discussion questions permitting students to self-test their knowledge of each chapter. Each chapter also contains problem and project exercises and a set of short readings that compliment the classroom teaching of important topics.