This activity simulates the extraction of limited, nonrenewable resources from a "mine," …
This activity simulates the extraction of limited, nonrenewable resources from a "mine," so students can experience first-hand how resource extraction becomes more difficult over time. Students gather data and graph their results to determine the peak in resource extraction. They learn about the limitations of nonrenewable resources, and how these resources are currently used.
Principles of Macroeconomics 2e covers the scope and sequence of most introductory …
Principles of Macroeconomics 2e covers the scope and sequence of most introductory economics courses. The text includes many current examples, which are handled in a politically equitable way. The outcome is a balanced approach to the theory and application of economics concepts. The second edition has been thoroughly revised to increase clarity, update data and current event impacts, and incorporate the feedback from many reviewers and adopters.Changes made in Principles of Macroeconomics 2e are described in the preface and the transition guide to help instructors transition to the second edition.
By the end of this section, you will be able to: Differentiate …
By the end of this section, you will be able to:
Differentiate among a floating exchange rate, a soft peg, a hard peg, and a merged currency Identify the tradeoffs that come with a floating exchange rate, a soft peg, a hard peg, and a merged currency
By the end of this section, you will be able to: Discuss …
By the end of this section, you will be able to:
Discuss the relationship between bank regulation and monetary policy Explain bank supervision Explain how deposit insurance and lender of last resort are two strategies to protect against bank runs
By the end of this section, you will be able to: Explain …
By the end of this section, you will be able to:
Explain how banks act as intermediaries between savers and borrowers Evaluate the relationship between banks, savings and loans, and credit unions Analyze the causes of bankruptcy and recessions
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