Cooperation, conflict, and the environment
What happens to the environment when people work together, and when they fight?
02Changing the rules: Power and fairer bargains
Who gets to make and break the rules, and is that fair?
03Our world transformed: Institutions, inequality, and planetary limits
How have the institutions of capitalism transformed the way we live and what are the costs of this transformation?
04Innovation, incentives, and technology
How do improvements in technology happen? How do technological improvements sustain growing living standards?
10The firm and its workers: Finding a match
How do interactions in labor markets differ from interactions in product markets? How can these differences cause or perpetuate economic inequality?
11The firm and its workers: Effort and wages
Why do workers work hard at their jobs? How do employers decide what wage to offer to their workers?
12The firm and its customers: Demand, costs, and profits
13The firm and its customers: Market power and the benefits of exchange
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Extra resourcesSupporting teachers
Our additional teaching resources make it easy to to start using Understanding Our Economy with your class.
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Answers to exercises
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Data files for charts
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Fact checker
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Lecture slides (PPTX)
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Slides of figures
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Test Bank
