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Reading Assignments for Unit 1 Introduction pp. 33-34 Economic systems pp. 59-63 Characteristics of the Market System pp. 64-69 Market System at Work BWC * pp. 1-4 Command Economy Policies and Problems BWC pp. 4-14 Reforms in Russia and China * BWC is the online Bonus Web Chapter found at: http://www.mhhe.com/economics/mcconnellmacro15e/student/olc/bonuschapter.mhtml Chapter 1 -- What is Economics? p. 3, 9-10 Definition, Microeconomics / Macroeconomics pp. 6-8 Economic Methodology pp. 3-6 The Economic Perspective / Why Study Economics? pp. 22-25 The Foundation of Economics / Econommics: Employment and Efficiency class lecture The 5 Es of Economics pp. 15-19 Using Graphs Chapter 2 -- Production Possibilities pp. 25-33 Production Possibilities Model p. 64 The 4 Fundamental Questions Revisited Bonus Web Chapter -- Transition Economies pp. 33-34 Economic Systems p. 64 4 Fundamental Questions BWC* pp. 1-4 The Command Economy BWC* pp. 4-14 Structural Adjustment (transition) * BWC is the online Bonus Web Chapter found at: http://www.mhhe.com/economics/mcconnellmacro15e/student/olc/bonuschapter.mhtml Chapter 4 -- The Market System pp. 59-63 Capitalist Ideology pp. 64-69 The Market System at Work pp. 34-35 Circular Flow Model Chapter 3 pp. ALL -- Supply and Demand Chapter 5 pp 79-83 ONLY -- The Public Sector: Government's Role Chapters 6 & 20 -- International Trade pp. 93-98, 374-375 World Trade pp. 98-101, 375-81 Economic Basis of Trade pp. 385-390 Trade Barriers and their costs pp. 391 The WTO