About This Chapter
Strategies for Economic Analysis - Chapter Summary
The video lessons in this chapter explore the presentation and analysis of economic information. Our instructors will teach you to use various types of visual displays to show information such as unemployment rate, inflation rate and economic growth rate. You'll also see how to interpret a supply and demand graph and learn strategies for organizing information.
Other lessons cover how to pose questions about economic issues, how to evaluate the impact of current events on the economy and how to recognize various perspectives. After completing these lessons, you should be capable of:
- Using production possibilities curves to illustrate opportunity costs and trade-offs
- Interpreting supply and demand graphs
- Formulating hypotheses and questions about economic issues
- Integrating knowledge from other subject areas into economic analysis
- Assessing government policies with cost-benefit analysis
- Identifying self-interest's role in political decision making
These lessons include self-assessment quizzes so you can check what you've learned. If you need to review a particular section of the lesson, embedded video tags make it easy to find the right spot. All lessons include written transcripts with highlighted key terms and concepts.
1. Interpreting Visual Displays of Economic Information
The lesson will introduce and analyze various methods used by organizations that not only visually illustrate economic information but will explain which methods are best used to interpret that information.
2. Using the Production Possibility Curve to Illustrate Economic Conditions
This lesson explains the economic concept of the production possibility curve, which is used to illustrate conditions and make good business decisions. Trade-offs, economic efficiency, economic inefficiency, and economic growth are explained.
3. Interpreting Supply & Demand Graphs
Learn how to interpret economic graphs showing supply and demand curves. Explore the reasons that supply and demand curves shift in and out and how that affects price and quantity.
4. Strategies to Organize & Present Economic Information
Collecting, organizing, and presenting data can be a big job, but can be manageable when the right tools are used. In this lesson we will learn about strategies to organize and present information, particularly economic information.
5. Evaluating the Economic Implications of Current Events
Important things happen all around us. When those important things have an impact on the economy, many of us are affected. In this lesson we will learn about one of those things that directly affects the economy: current events.
6. Forming Hypotheses & Questions About Economic Issues
This lesson discusses how to pose questions and formulate hypotheses about economic issues. Review examples to learn more about what works, then take a brief quiz.
7. Using Knowledge of Other Subject Areas in Economic Analysis
Understanding how well the economy is functioning is important to a country. There are other subjects besides economics that are useful in learning about the economy, which we will learn about in this lesson.
8. Evaluating Perspectives & Arguments on Economic Issues
We all have opinions and views about the the world around us. In this lesson we will learn how those views often pertain to economic issues that affect the financial aspect of our lives.
9. Using Cost-Benefit Analysis to Assess Government Policies
Governments can use cost-benefit analysis to assess their policies. Learn how the implementation of cost-benefit analysis can be used to effectively assess government policies.
10. The Role of Self-Interest in Political Decision Making
Explore the role of self-interest in the political process. Learn how the role of self-interest of voters, elected officials, and public employees affect the creation of public policies.
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Other chapters within the AEPA Economics (AZ035): Practice & Study Guide course
- Economic Concepts & Terms
- Scarcity, Costs & Production in Economics
- Basics of Measuring the Economy
- Scarce Economic Resource Markets Basics
- Supply, Demand & Market Equilibrium
- Price Determination & Elasticity
- Business Interactions with the Marketplace
- Producers & Production in Microeconomics
- Economic Market Structures
- Fiscal & Monetary Policies in Economics
- Contractionary & Expansionary Gaps
- Economic Governance
- Understanding Macroeconomic Equilibrium
- Inflation & Adjustment in Economics
- Unemployment Basics
- Understanding Inflation & Unemployment
- Overview of Aggregate Demand & Supply
- Understanding Economic Growth and Productivity
- Understanding Comparative Advantage, Specialization & Exchange
- Money & the Market
- The Central Bank & Monetary Policy
- Foreign Exchange & Trade Balance
- Overview of Inflows, Outflows & Restrictions
- Consumer Behavior & Microeconomics
- Consumer Buyer Behavior
- Promotion & Public Relations in Marketing
- Consumer Protection Laws & Agencies
- AEPA Economics Flashcards