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Texas Gateway: Ch. 5: Measuring the Size of the Economy: Gross Domestic Product
By the end of this section, you will be able to identify the components of gross domestic product on the demand side and on the supply side; evaluate how gross domestic product is measured; and contrast and calculate gross domestic...
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Texas Gateway: The Production Possibilities Frontier and Social Choices
By the end of this section, you will be able to interpret production possibilities frontier graphs, contrast a budget constraint and a production possibilities frontier, explain the relationship between a production possibilities...
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Texas Gateway: How Individuals Make Choices Based on Their Budget
By the end of this section, you will be able to calculate and graph budgets constraints, explain opportunity sets and opportunity costs, evaluate the law of diminishing marginal utility, and explain how marginal analysis and utility...
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Texas Gateway: Shifts in Demand and Supply for Goods and Services
By the end of this section, you will be able to identify factors that affect demand, graph demand curves and demand shifts, identify factors that affect supply, and graph supply curves and supply shifts.
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Texas Gateway: Demand, Supply, and Equilibrium in Markets for Goods and Services
By the end of this section, you will be able to explain demand, quantity demanded, and the law of demand; identify a demand curve and a supply curve; explain supply, quantity supply, and the law of supply; and explain equilibrium,...
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Texas Gateway: Changes in Equilibrium Price and Quantity: The Four Step Process
By the end of this section, you will be able to identify equilibrium price and quantity through the four-step process; graph equilibrium price and quantity; contrast shifts of demand and supply and movements along a demand or supply...
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Texas Gateway: Chapter 6: Labor Productivity and Economic Growth
By the end of this section, you will be able to do the following: Identify the role of labor productivity in promoting economic growth, analyze the sources of economic growth using the aggregate production function, measure an economy's...
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Texas Gateway: Chapter 12: Introduction to the Neoclassical Perspective
In this chapter, you will learn about the following: The building blocks of neoclassical analysis, The policy implications of the neoclassical perspective, and Balancing Keynesian and Neoclassical models.
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Texas Gateway: Chapter 13: Money and Banking: Defining Money by Its Functions
By the end of this section, you will be able to do the following: Explain the various functions of money and contrast commodity money and fiat money.
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Texas Gateway: Chapter 12: Neoclassical Perspective: Problems
This section provides 5 problems to solve pertaining to the information presented in Chapter 12: Neoclassical Perspective.
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Texas Gateway: Chapter 11: The Keynesian Perspective on Market Forces
By the end of this section, you will be able to do the following: Explain the Keynesian perspective on market forces and analyze the role of government policy in economic management.
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Texas Gateway: Chapter 11: The Phillips Curve
By the end of this section, you will be able to do the following: Explain the Phillips curve, noting its impact on the theories of Keynesian economics; graph a Phillips curve; Identify factors that cause the instability of the Phillips...
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Texas Gateway: Chapter 11: The Expenditure Output or Keynesian Cross Model
By the end of this section, you will be able to: Explain what the expenditure-output model/Keynesian cross diagram shows and what the equilibrium point on the diagram represents. Analyze the consumption function, investment function,...
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Texas Gateway: Chapter 11: Aggregate Demand in Keynesian Analysis
By the end of this section, you will be able to do the following: Explain real GDP or real output, recessionary gaps, and inflationary gaps, recognize the Keynesian aggregate demand/aggregate supply model, identify the determining...
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Texas Gateway: Chapter 12: Neoclassical Perspective: Self Check Questions
This section provides a list of self-check study question to aid in understanding the content of Chapter 12: Neoclassical Perspective.
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Texas Gateway: Chapter 12: Balancing Keynesian and Neoclassical Models
By the end of this section, you will be able to do the following: Evaluate how neoclassical economists and Keynesian economists react to recessions and Analyze the interrelationship between the neoclassical and Keynesian economic models.
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Texas Gateway: Ch. 12: The Policy Implications of the Neoclassical Perspective
By the end of this section, you will be able to do the following: Discuss why and how inflation expectations are measured, Analyze the impacts of fiscal policy and monetary policy on aggregate supply and aggregate demand. Explain the...
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Texas Gateway: Ch. 14: Pitfalls for Monetary Policy
By the end of this section, you will be able to do the following: Analyze whether monetary policy decisions should be made more democratically; Calculate the velocity of money; Evaluate the central bank's influence on inflation,...
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Texas Gateway: Ch. 14: Monetary Policy and Economic Outcomes
By the end of this section, you will be able to do the following: Contrast expansionary monetary policy and contractionary monetary policy, explain how monetary policy impacts interest rates and aggregate demand, evaluate Federal Reserve...
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Texas Gateway: Ch. 14: Monetary Policy and Bank Regulation: Bank Regulation
By the end of this section, you will be able to do the following: Discuss the relationship between bank regulation and monetary policy, explain bank supervision, explain how deposit insurance and lender of last resort are two strategies...
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Texas Gateway: How Government Borrowing Affects Investment & the Trade Balance
By the end of this section, you will be able to do the following: Explain the national saving and investment identity in terms of demand and supply and Evaluate the role of budget surpluses and trade surpluses in national saving and...
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Texas Gateway: Ch. 17: Fiscal Policy, Investment, and Economic Growth
By the end of this section, you will be able to do the following: Explain crowding out and its effect on physical capital investment; Explain the relationship between budget deficits and interest rates; and Identify why economic growth...
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Texas Gateway: Ch. 15: How the Foreign Exchange Market Works
By the end of this section, you will be able to do the following: Define foreign exchange market; Describe different types of investments like foreign direct investments, portfolio investments, and hedging; Explain how the appreciating...
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Texas Gateway: Ch. 18: Diversity of Countries and Economies Across the World
By the end of this section, you will be able to do the following: Analyze GDP per capita as a measure of the diversity of international standards of living; Identify what classifies a country as low-income, middle-income, or high-income;...