The Basics of Economics

David E. O’Connor0-313-32520-0, 9780313325205

This textbook traces the history of economics, explains the operation of the U.S. economy, analyzes economic choices and decisions, examines competing economic theories, and probes the impact of globalization on the world economy. O’Connor, who is a high school economics teacher, describes the various types of business organization, the role of workers and financial institutions, measures of economic growth, federal monetary policy, and current employment opportunities for economists.