Understanding Business 10e Nickels McHugh solutions manual and test bank
Understanding Business 10e Nickels McHugh solutions manual and test bank
http://www.mediafire.com/view/x0qt22dbovwee43/Nickels_-_Understanding_Business_-_10e,_ISBN_007352459xch2.pdf
Understanding Business, 10/e solutions manual and test bank
William G. Nickels, University of Maryland
James M. McHugh, St. Louis Community College at Forest Park
Susan M. McHugh, Applied Learning Systems
ISBN: 007352459x
Copyright year: 2013
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Understanding
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Economics and How It Affects Business
chapter
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what’s new in this edition 2.3
brief chapter outline and learning goals 2.4
lecture outline and lecture notes 2.6
PowerPoint slide notes 2.44
lecture links 2.65
lecture link 2-1: india’s upcoming era of growth 2.65
lecture link 2-2: the gradual return of american OPTIMISM 2.65
lecture link 2-3: a new crop of consumers in africa 2.66
lecture link 2-4: THE Circular Flow Model 2.66
lecture link 2-5: the economic impact of the oil spill 2.67
lecture link 2-6: Other Economic Indicators 2.67
lecture link 2-7: New Economic Measures 2.68
lecture link 2-8: china’s potential real estate bust 2.69
lecture link 2-9: What Is a Depression? 2.69
lecture link 2-10: Controlling Your Personal Money Supply 2.70
critical thinking exercises 2.73
critical thinking exercise 2-1: Know Your History of Economics 2.71
critical thinking exercise 2-2: Applying Economic principles to 2.72
education
critical thinking exercise 2-3: FINDING THE Equilibrium Point 2.73
critical thinking exercise 2-4: Standard of Living Comparison 2.75
critical thinking exercise 2-5: Balancing the Federal Budget 2.76
bonus case 2.79
bonus case 2-1: Foundations oF The Capitalist System 2.79
what’s new in
additions to the 10th edition:
· Getting to Know John Maynard Keynes, Economist
· Discussion of state capitalism in section Understanding Free-Market Capitalism
· Reaching Beyond Our Borders: China’s Changing Economy
revisions to the 10th edition:
· Text was revised to eliminate redundancy and tighten discussions.
· Statistical data and examples throughout the chapter were updated to reflect current information.
· Spotlight on Small Business: A Small Loan Can Make a Big Difference
· Thinking Green: Bringing in the Green with Green Products
· Making Ethical Decisions: Corruption’s Effect on the Economy
deletions from the 9th edition:
· Getting to Know Muhammad Yunus, Founder of the Grameen Bank
· Discussion of chained consumer price index from section Key Economic Indicators
· Reaching Beyond Our Borders
chapter 2
Understanding Economics and How It Affects Business
Getting To Know JOHN MAYNARD KEYNES, ECONOMIST
learning goal 1
Explain basic economics.
I. HOW ECONOMIC CONDITIONS AFFECT BUSINESSES
A. What Is Economics?
B. The Secret to Creating a Wealthy Economy
C. Adam Smith and the Creation of Wealth
D. How Businesses Benefit the Community
learning goal 2
Explain what capitalism is and how free markets work.
II. UNDERSTANDING FREE-MARKET CAPITALISM
A. The Foundations of Capitalism
B. How Free Markets Work
C. How Prices Are Determined
D. The Economic Concept of Supply
E. The Economic Concept of Demand
F. The Equilibrium Point, or Market Price
G. Competition within Free Markets
H. Benefits and Limitations of Free Markets
learning goal 3
Compare socialism and communism.
III. UNDERSTANDING SOCIALISM
A. The Benefits of Socialism
B. The Negative Consequences of Socialism
IV. UNDERSTANDING COMMUNISM
learning goal 4
Analyze the trend toward mixed economies.
V. THE TREND TOWARD MIXED ECONOMIES
learning goal 5
Discuss the economic system of the United States, including the significance of key economic indicators (especially GDP), productivity, and the business cycle.
VI. UNDERSTANDING THE U.S. ECONOMIC SYSTEM
A. Key Economic Indicators
1. Gross Domestic Product
2. The Unemployment Rate
3. Inflation and Price Indexes
B. Productivity in the United States
C. Productivity in the Service Sector
D. The Business Cycle
learning goal 6
Contrast fiscal policy and monetary policy, and explain how each affects the economy.
E. Stabilizing the Economy through Fiscal Policy
F. Fiscal Policy in Action During the Recent Economic Crisis
G. Using Monetary Policy to Keep the Economy Growing
VII. SUMMARY
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| PPT 2-6 The Major Branches of Economics |
(See complete PowerPoint slide notes on page 2.45.) | ||
| PPT 2-7 Resource Development |
(See complete PowerPoint slide notes on page 2.46.) | ||
| PPT 2-8 Examples of Ways to Increase Resources |
(See complete PowerPoint slide notes on page 2.46.) | ||
| PPT 2-9 Thomas Malthus and the Dismal Science |
(See complete PowerPoint slide notes on page 2.46.) | ||
| critical thinking exercise 2-1 Know Your History of Economics | This Internet exercise is designed to help students gather information about economics from a historic perspective. (See complete exercise on page 2.71 of this manual.) | ||
| lecture link 2-1 INDIA’S UPCOMING ERA OF GROWTH | India is a burgeoning economic powerhouse with one of the fastest growing working-age populations. However, they must overcome some bumps in the road. (See the complete lecture link on page 2.65 in this manual.) | ||
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| PPT 2-10 Population as a Resource |
(See complete PowerPoint slide notes on page 2.47.) | |
| | thinking green (Text page 32 PPT 2-11 Bringing in the Green with Green Products |
(See complete PowerPoint slide notes on page 2.47.) |
| lecture link 2-2 the gradual return of american optimism | The U.S. is banking on the “give a man a fish” philosophy by extending the tax cuts from the 2009 stimulus package. (See the complete lecture link on page 2.65 in this manual.) | |
| PPT 2-12 Adam Smith the Father of Economics |
(See complete PowerPoint slide notes on page 2.47.) | |
| critical thinking exercise 2-2 Applying Economic Principles to Education | Principles such as competition and productivity apply to nonprofit organizations, such as schools, as well as businesses. (See complete exercise on page 2.72 of this manual.) | |
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| PPT 2-13 The Invisible Hand Theory |
(See complete PowerPoint slide notes on page 2.48.) | |
| PPT 2-14 Understanding the Invisible Hand Theory |
(See complete PowerPoint slide notes on page 2.48.) | |
| lecture link 2-3 A NEW CROP OF CONSUMERS IN AFRICA | Africa has a growing middle class that rivals both China and India. Despite the persisting wealth disparities, more Africans have disposable incomes in which they can buy goods from others. (See the complete lecture link on page 2.66 in this manual.) | |
| | Making ethical decisions (Text page 34) PPT 2-15 Corruption’s Effect on the Economy |
(See complete PowerPoint slide notes on page 2.48.) |
| progress assessment (Text page 34) PPT 2-16 Progress Assessment |
(See complete PowerPoint slide notes on page 2.49.) | |
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| bonus case 2-1 Foundations of the Capitalist System | What are the moral, ethical, and spiritual foundations of capitalism? (See the complete case, discussion questions, and suggested answers beginning on page 2.79 of this manual.) | |
| PPT 2-17 Capitalism |
(See complete PowerPoint slide notes on page 2.49.) | |
| PPT 2-18 State Capitalism |
(See complete PowerPoint slide notes on page 2.49.) | |
| | SPOTLIGHT ON small business (Text page 38 PPT 2-19 A Small Loan Can Make a Big Difference |
(See complete PowerPoint slide notes on page 2.50) |
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