Chapter 1 What Is Economics 1
Passage 1 What Is Economics 1
Passage 2 Macroeconomics 5
Supplementary Reading Economic Concepts in Daily Life 14
Case Study A World Without Jobs？ 18
Chapter 2 Economic Growth 20
Passage 1 Economic Growth 20
Passage 2 The Measurements of Economic Growth 23
Supplementary Reading Economic Forces 29
Case Study Japan's Economic Performance Between 1960—1996 32
Chapter 3 The Forms of Economic Organizations and Systems 34
Passage 1 Forms of Business Organization 34
Passage 2 Economic System 40
Supplementary Reading Small Business in America 47
Case Study GM and Daewoo:An International Divorce 53
Chapter 4 The Economic Roles of Government 55
Passage 1 The Economic Roles of Government 55
Passage 2 Government Policies 60
Supplementary Reading A Brief History of Economic Thought 68
Case Study China's Macroeconomic Policy in Recent Years 74
Chapter 5 Money 76
Passage 1 What Is Money？ 76
Passage 2 Money and Its System 82
Supplementary Reading Finance:A Company's Lifeblood 91
Case Study E-cash and Equality 94
Chapter 6 Investment 96
Passage 1 What Determines Investment 96
Passage 2 Debts and Securities 103
Supplementary Reading Stock Exchanges in America 112
Case Study Company Profile and Investment Highlights 117
Chapter 7 Accounting 119
Passage 1 Introduction to Accounting 119
Passage 2 The Balance Sheet 125
Supplementary Reading Generally Accepted Accounting Principles and Organizations Concerned with GAAP 132
Case Study Effects of Business Transactions upon the Balance Sheet 135
Chapter 8 International Trade 138
Passage 1 International Trade 138
Passage 2 Basic Theories of International Trade 147
Supplementary Reading Ways of Doing Business Internationally 157
Case Study The Foreign Trade of the UK 162
Chapter 9 World Trade Organization 163
Passage 1 Basics of GATT 163
Passage 2 The Basics of the World Trade Organization 171
Supplementary Reading The Uruguay Round 177
Case Study China's Bid to Join the World Trade Organization 179
Chapter 10 Trade Barriers 181
Passage 1 International Trade Systems 181
Passage 2 Barriers to World Trade 187
Supplementary Reading Multinational Corporations 195
Case Study The Theory Behind the Antidumping 198
Chapter 11 Foreign Exchange 200
Passage 1 Foreign Exchange Trading 200
Passage 2 Exchange-rate Systems 206
Supplementary Reading The Foreign Exchange Market 214
Case Study The Gold Standard and the Great Depression 218
Chapter 12 International Payment 219
Passage 1 The Balance of Payments 219
Passage 2 The System of Bretton Woods 226
Supplementary Reading Balance of Payments Adjustments 232
Case Study Mexico's 1994 Balance of Payments Crisis 235