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NOTE: Some of the answers in the back of the study
guide are WRONG. Corrected answers and page references can
be found on the textbook's website or click
here.
Chapter 1 - The 5Es of
Economics
- Reading Assignments:
- Chapter 1 ALL (including the appendix "Graphs and
Their Meaning")
- PLUS:
- Efficient Allocation pp. 56-57
- Personal Distribution of Income pp. 73-74
- The online lecture is VERY IMPORTANT: The 5Es
of Economics
- Study Guide
- Chapter 1:
- Multiple Choice: # 1-7, 10-12, 14-24
- Problems: # 4, 5
- Appendix to Chapter 1:
- Multiple Choice: # 1, 2, 6, 11, 12 15, 16,
17
- Problems: # 1a, 1b, 2a, 4
- Worked
Problems: 1.1 and 1.2 @ http://www.mcconnell18e.com
- Web Quiz at http://www.mcconnell18e.com:
ALL questions
- End-of-Chapter Key Questions: # 1-5, 1-7, 1-10, 1-11,
1-14, appendix 1-7
[the answers to the key questions can be found on our
Blackboard
site]
Chapter 2 - Economic Systems and
Globalization
- Reading Assignments:
- Chapter 2 ALL
- PLUS
- pages 2-13 from Chapter 23W of the 16th editon
of our textbook found on our Blackboard
site
- State Ownership and Central Planning:
23W-2 to 23W-3
- Problems with Central Planning 23W-3
to 23W-5
- The Collapse of the Soviet Economy
23W-5 to 23W-6
- The Russian Transition to a Market System
23W-6 to 23W-9
- Market Reforms in China 23W-10 to
23W-11
- Outcome and Prospects 23W-11 to 23W-13
- Conclusion 23W-13
- The Last Word - "Fair Trade Products" pp.
106-107
- Last Word: "Shuffling the Deck": p. 41
- The Last Word - "Economic Growth in China": p.
163
- Global Competition, p. 108
- The Last Word - "Petition of the Candlemakers,
1845": p. 407
- http://www.harpercollege.edu/mhealy/eco212i/lectures/command/econsys.htm
- Study Guide
- Multiple Choice: # 1-3, 6, 7, 9, 11, 12, 13,
19-25
- Problems: # 1, 4
- Web Quiz Chapter 2 at http://www.mcconnell18e.com:
ALL
Chapter 3 - The Efficiency of Markets:
Supply and Demand
- Reading Assignments:
- Study Guide
- Chapter 3:
- Multiple Choice: # 1-28
- Problems: # 1-6, 8
- Chapter 3 Appendix:
- Multiple Choice: 1-8, 11-15
- Problems: 1, 2
- Web Quiz at http://www.mcconnell18e.com:
ALL questions
- End-of-Chapter Key Questions: # 3-3, 3-6, 3-8, 3-9,
3-14
[the answers to the key questions can be found on our
Blackboard
site]
Chapters 5 and 20 - TRADE:
Specialization and Exchange
- Reading Assignments:
- Study Guide
- Multiple Choice:
- Chapter 5: #1, 2, 4, 5, 7-19, 24, 25
- Chapter 18: # 1-12, 18-25
- Problems:
- Chapter 18: # 1 a-d,
- Worked Problems 5.1 and 20.1 at http://www.mcconnell18e.com
- Web Quizzes at http://www.mcconnell18e.com
- Chapter 5: 1,2,4-10
- Chapter 20: 1-3, 6-8
- End-of-Chapter Key Questions: # 5-4, 5-6, 5-9,
20-4
[the answers to the key questions can be found on our
Blackboard
site]
Chapter 4 - The Public Sector
(Government): Role and Finance
- Reading Assignments:
- Chapter 3: Application: Government Set Prices pp.
59-62
- Chapter 4 only pp. 78-88
- Study Guide
- Multiple Choice:
- Chapter 3: #29, 30
- Chapter 3 Appendix: #9, 10
- Chapter 4: # 9-17, 19-25
- Problems:
- Chapter 3: #7
- Chapter 4: # 2, 4
- Worked Problems at http://www.mcconnell18e.com:
#4.1
- Chapter 4 Web Quiz at http://www.mcconnell18e.com:
#2, 3, 6, 7, 9, 10
- End-of-Chapter Key Questions: # 4-9, 4-10, 4-15
[the answers to the key questions can be found on our
Blackboard
site]
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