This economics education publication focuses on the U.S. stock market and the risk and uncertainty that an individual faces when investing in the market. The material explains that risk and uncertainty relate to the same underlying concept randomness. It defines and discusses both concepts and notes that although risk is quantifiable, uncertainty…

This "Inside the Vault" newsletter contains two issues. Issue 1 contains a lead article, "Reading the Fed's Playbook," a question-and-answer section, and a bulletin board. The Federal Reserve's primary mission is to ensure that enough money and credit are available to sustain economic growth without inflation. The article…

Part of a series of instructional packages for use in college level economics courses, this document contains nine lecture outlines on macroeconomics. The first section deals with basic macroeconomic concepts in terms of underlying microeconomic behavior, national income and product accounting, nominal and real GNP, actual and potential GNP, and…

Part of a series of instructional packages for use in college level economics courses, the document contains nine microeconomics chapters. Chapter I, "Economic Concepts, Issues, and Tools," discusses scarcity and choice; preferences, resources, exchange, and economic efficiency; marginal analysis and opportunity cost; and different economic…

Designed as an accompaniment to college level macroeconomic lectures (see SO 011 937), this package contains materials for three approaches to the macroeconomics course. The course covers topics of basic macroeconomic concepts, income and expenditure determination, aggregate demand, unemployment and inflation, policy making, investment and…