Published: August 2012
Page Count: 96
ISBN (Digital): 978-1-4533-4741-6

Principles of Economics and Finance

Custom Version 1.0.3
By Libby Rittenberg and Timothy Tregarthen
Anne Scalia

Included Supplements

Manual

Slides

Tests

Key Features

Teaching Principles of Economics? Adopt this college textbook as is or personalize it online at Flat World. Change chapter titles, move content with ease, and delight in how much less your students pay. We publish peer-reviewed textbooks by expert authors. You make them perfect for your course.

Educators

Request Examination Copy Read Online Adopt This Book

Students

Buy This Book Redeem My Code

My eight chapters, although condensed, cover introductory topics required for a foundation course for MBA students with no undergraduate background in economics and finance. A table of contents guides the students to the theory and analytical concepts required for their course.

1.1 Greetings from Prof. Anne Scalia!

1.2 Formulas used in Economics

1.3 Origins of the word, Money

1.4 Functions of Money

1.5 The Money Supply

1.6 How Banks Create Money (money multiplier exercise included)

1.7 Analytical Exercises (Current Yield, AYM, Rate of Return, Bond Pricing, Foreign Exchange)

Chapter 2: Classical vs. Modern Economic Thought

2.1 Classical Economics

2.2 Keynesian Economics

2.3 Adam Smith

Chapter 3: Forms of Business

3.1 The Capital Structure of a Company (Video)

3.2 Sole Proprietorship

3.3 Partnerships

3.4 Corporation

3.5 Financial Statement Analyses (An Overview)

3.6 S-Type Corporation

3.7 Forms of Competition

3.8 Market System (Video)

3.9 Milton Friedman - Monopoly (Video)

3.10 Analytical Exercises (NPV, WACC)

3.11 Corporate Tax Table (Tax Reform Act of 1986)

Chapter 4: Supply and Demand, Elasticity, GDP, and Inflation and Unemployment

4.1 Supply and Demand (Video)

4.2 Circular Flow Diagram

4.3 Short Video on Elasticity

4.4 Gross Domestic Product (An Overview)

4.5 Glossary of Terms

4.6 Analytical Exercise (GDP)

4.7 The Inflation Cycle

4.8 Explaining Inflation–Unemployment Relationships

4.9 Analytical Exercises (Inflation Rate, Unemployment Rate)

Chapter 5: Part Two: Theory and Analytical Concepts Learned in Finance

5.1 Formulas used in Finance (see Section 8.2 for Time Value of Money formulas)

5.2 Finance: What Managers Need to Know (Video)

5.3 Important Dates in the Finance Industry

5.4 Important Individuals in the Finance Industry

Chapter 6: The Federal Reserve System

6.1 The Fed's Creation

6.2 Eccles Building - Home of the FOMC

6.3 Chairmen of the Board of Governors of the Federal Reserve System

6.4 Presidents of the European Central Bank

6.5 The Federal Reserve System's Many Roles

6.6 The Fed's Independence

6.7 FOMC and the Money Market

6.8 Important Fed Regulations

6.9 CAMELS Rating System

6.10 Analytical Exercises (Term Structure of Interest Rates, Nominal and Real Rates of Interest)

6.11 Analytical Exercises (Trade Credit, Variations of Simple Interest)

Chapter 7: Types of Financial Markets

7.1 How the Markets Work (Video)

7.2 Requirements for Stock Market Listing

7.3 How to Read a Stock Listing

7.4 Stock Splits (Demonstration and Exercises)

7.5 Analytical Exercises (Valuing Common and Preferred Stocks, Rates of Return on Common and Preferred)

7.6 Bond Ratings

7.7 In a Nutshell: Call and Put Options Trading (with demonstration exercises)

Chapter 8: Time Value of Money

8.1 Demonstration of Compound Interest vs. Simple Interest

8.2 Time Value of Money Tables and Formulas

8.3 Analytical Exercises (PV and FV of $1, PV and FV of an Ordinary Annuity and an Annuity Due of $1, Annual Rate of Interest)

Appendix A: Appendix A: Graphs in Economics

A.1 How to Construct and Interpret Graphs

A.2 Nonlinear Relationships and Graphs without Numbers

A.3 Using Graphs and Charts to Show Values of Variables

Appendix B: Appendix B: Extensions of the Aggregate Expenditures Model

B.1 The Algebra of Equilibrium

B.2 The Aggregate Expenditures Model and Fiscal Policy

B.3 Review and Practice

Instructor’s Manual

The Instructor’s Manual guides you through the main concepts of each chapter and important elements such as learning objectives, key terms, and key takeaways. Can include answers to chapter exercises, group activity suggestions, and discussion questions.

PowerPoint Lecture Notes

A PowerPoint presentation highlighting key learning objectives and the main concepts for each chapter are available for you to use in your classroom. You can either cut and paste sections or use the presentation as a whole.

Test Generator

Prefer printable tests? Download our test generator and start creating printable tests today! We offer a test generator for both PC and Mac users.

Test Bank Files for Import to Learning Management Systems

For your convenience, we've packaged our test items for easy import into Learning Management Systems like Blackboard, Brightspace/D2L, Canvas, Moodle, or Respondus.

Solutions Manual

For exercises that need a little more explanation, our Solutions Manual will take you step by step through solving the problem and offer explanations on the answer.

Test Item File

Need assistance in supplementing your quizzes and tests? Our test-item files (in Word format) contain many multiple-choice, fill-in-the-blank, and short-answer questions.

At FlatWorld, we take pride in providing a range of high-quality supplements alongside our titles, to help instructors teach effectively. Supplements are available for instructors who have registered their adoption with us. If you need to review or preview something specific, please contact us.

Already registered? Sign in here.

Libby Rittenberg

Colorado College

Libby Rittenberg (PhD Rutgers University) is Professor Emerita of Economics at Colorado College. She also served as the Dean of Summer Programs as well as the college’s ombudsperson. As a professor, she frequently taught Principles of Economics, Intermediate Macroeconomic Theory, Comparative Economic Systems, and a senior seminar on the International Political Economy. Throughout her academic career, Libby was deeply involved in study abroad education and directed programs in central Europe and Turkey. She was honored to have been a Fulbright Lecturer. Her research has focused on the internationally oriented areas of economics, with numerous articles on comparative and development economics, and a particular emphasis on the Turkish economy.

Timothy Tregarthen

University of Colorado Colorado Springs

Timothy Tregarthen (PhD University of California, Davis) is Professor Emeritus of Economics at the University of Colorado-Colorado Springs. There is one word that captures the essence of Tim Tregarthen—inspiring. Tim was first diagnosed with multiple sclerosis in 1975, yet, he continued a remarkable academic career of teaching and research which includes an autobiography recounting his experiences with multiple sclerosis titled Suffering, Faith, and Wildflowers. Tim was formerly on faculty at University of Colorado-Colorado Springs.