Ch 24: Strategies for Economic Analysis

About This Chapter

Watch these lessons and learn about various ways to present economic information for analysis. Get information on formulating hypotheses and integrating knowledge from other subject areas into economic analysis.

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.

10 Lessons in Chapter 24: Strategies for Economic Analysis
Test your knowledge with a 30-question chapter practice test
Interpreting Visual Displays of Economic Information

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.

Using the Production Possibility Curve to Illustrate Economic Conditions

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.

Interpreting Supply & Demand Graphs

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.

Strategies to Organize & Present Economic Information

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.

Evaluating the Economic Implications of Current Events

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.

Forming Hypotheses & Questions About Economic Issues

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.

Using Knowledge of Other Subject Areas in Economic Analysis

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.

Evaluating Perspectives & Arguments on Economic Issues

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.

Using Cost-Benefit Analysis to Assess Government Policies

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.

The Role of Self-Interest in Political Decision Making

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.

Chapter Practice Exam
Test your knowledge of this chapter with a 30 question practice chapter exam.
Not Taken
Practice Final Exam
Test your knowledge of the entire course with a 50 question practice final exam.
Not Taken

Earning College Credit

Did you know… We have over 200 college courses that prepare you to earn credit by exam that is accepted by over 1,500 colleges and universities. You can test out of the first two years of college and save thousands off your degree. Anyone can earn credit-by-exam regardless of age or education level.

To learn more, visit our Earning Credit Page

Transferring credit to the school of your choice

Not sure what college you want to attend yet? Study.com has thousands of articles about every imaginable degree, area of study and career path that can help you find the school that's right for you.

Support