Basic Economics Fourth Edition

Basic Economics Fourth Edition

# 056612

Our Price: $58.95
Retail: $70.00
Save: 15.79% ($11.05)
In Stock.

Item #: 056612
ISBN: 9780972740142
Grades: 9-AD

Product Description:

This is probably the most serious economics course that we offer. It was written by Clarence B. Carson, known for his books on history and government. Carson wrote from a conservative Christian viewpoint, with the goal of distilling ideas down to fundamental principles. Dr. Carson was a mentor of Dr. Paul Cleveland, a professor of economics, who revised and updated the book to this fourth edition.

The focus of the book is economics, but because of Carson's knowledge of history and government, the economic principles are often explained with historical examples. The book is written in a serious but readable style, with examples to illustrate the principles. The book begins with a high-level overview of man's nature, government, the Judeo-Christian foundation of the free market, and property. From this foundation, Section II gets into common topics of economics: scarcity, money, market and prices, competition and monopoly, production, the entrepreneur, distribution of wealth, and international trade. Section III blends economic principles with government history, starting with the feudal system, then to mercantilism, free enterprise, corporatism, welfarism (socialism), and communism.

Chapters average 17 pages in length, usually divided into 4 or 5 topics. Following each chapter is a two-page Study Guide to ensure a grasp of the main points. This includes a chapter summary, several "Points of Emphasis," which distill the whole chapter into a few bullet points, several review questions, a vocabulary list of 20-30 terms and activities and/or suggestions for further study. A glossary and index can be found at the end of the book.

This is a meaty course, not the "milk" of a lightweight introduction to economics, and is intended for a serious student. 378 pgs, hc. ~ Bob

Publisher Description:

  • Begin at the beginning with the Dominion Mandate
  • Acknowledge an intentionally created orderly universe that is guided by discoverable principles
  • Learn to make the case for free markets and limited government
  • Understand socialism by learning its foundations and history
  • Study economics from a natural law perspective

Format Features

  • 8.5 x 11 format with some chapters shortened
  • 100 fewer, more readable pages than 3rd ed.
  • Key terms defined in margins
  • Important principles summarized in pull-out boxes
  • Improved Review Questions
  • Bios of key individuals included where they are mentioned in the text
  • At least two Getting the Point questions added per chapter, which make for great discussion starters
  • Two page Study Guide at the end of each chapter that includes:
    • a half page Chapter Summary
    • Points of Emphasis list
    • Identification Terms list
    • Review Questions
    • Activities
    • Suggested books and Articles For Further Study

This is unapologetically a different approach than the one taken by most other economics texts. The goal is to understand the universal principles that govern economic activity. These principles are the foundation for evaluating public policy proposals being put forward by politicians and the media. This course is not going to teach the math behind economic modeling that is typically covered in Common Core and the AP micro- and macroeconomics tests. Instead it will prepare students to see the limitations of it.

Primary Subject
Grade Start
Grade End
Brand Name
Boundary Stone
2.95 (lbs.)
11.25" x 8.75" x 0.81"
Start typing your question and we'll check if it was already asked and answered. Learn More
Browse 3 questions Browse 3 questions and 37 answers
Why did you choose this?
Rainbow Resource Center Store
required text for class
Robert D on Jan 4, 2023
Needed for a class
Paul W on Jan 9, 2022
required text for class
Robert D on Jan 4, 2023
Used with.Economics for Everybody class.
Karen H on Feb 6, 2022
Needed for a class
Paul W on Jan 9, 2022
Required book for course
Corrin D on Jan 3, 2022
Had to hve it for ECON 101 at Regent University
Kathie P on Nov 7, 2021
This book is required by a college class (Economics) my son is taking!
Ana M on Nov 3, 2021
College class requirement
Gwenyth S on Oct 23, 2021
Class required reading.
David S on Oct 19, 2021
Highly recommended by other homeschool families for teaching high school economics.
Kimberly S on Sep 8, 2021
I need it for class
Josh B on Aug 20, 2021
Homeschool coop course requirement
Erin S on Jul 21, 2021
I choose this item to coincide with the Compass Classroom Digital Course Economics for Everyone.
Mary D on Apr 11, 2021
College class requirement.
pamela E on Jan 20, 2021
I chose this book for my Economics class.
Desmond G on Jan 14, 2021
for a class.
Dante S on Jan 14, 2021
assigned reading for class
Corey T on Jan 11, 2021
My daughter needed it for her college class.
Victoria L on Jan 7, 2021
I am a college student and I found a new way to order my books aside from Cheggs.
April B on Jan 3, 2021
Needed for my economics class
ANGIE F on Aug 24, 2020
For School
Yuan H on Jul 22, 2020
For my 11th grade high schooler; recommended by Cathy Duffy Reviews
Cozette B on Jul 21, 2020
The description looks good and I want to see the book
Rebecca S on Feb 17, 2020
This was recommended to go with the Compass Classroom "Economics for Everybody" to round out the course for a high school credit. I chose the 2018 edition because I am in sore need of chapter summaries, review questions, quizzes and the like. Grades are a great encouragement for accountability in our house! I read on Amazon that the earlier edition didn't have the summaries, and RR's description said that the teacher support (online) was new with this edition. Sold!
Joy Hendrix H on Aug 21, 2019
Need for class.
mi t on Jul 24, 2019
To accompany Economics for Everybody (RC Sproul, Jr.)
Abigail B on Feb 26, 2019
This is by far the best price I found for this book!
Amanda C on Aug 27, 2018
It is recommended reading for the Weaver curriculum.
Bryan P on Jul 29, 2018
As a compliment to my Economics curriculum.
Staci M on Jul 26, 2018
It was recommended with the Economics for Everybody curriculum.
Ellen M on Jan 23, 2017
to complement economics curriculum
Gina R on Dec 18, 2016
Looked like it was a thorough coverage of economic principles for high school text
Shoba V on Jan 25, 2016
All books we are using in our homeschool coop
Todd S on Oct 9, 2015
Used with.Economics for Everybody class.
Karen H on Feb 6, 2022
Required book for course
Corrin D on Jan 3, 2022
Is there a workbook for this text?
Kerri on Dec 14, 2022
BEST ANSWER: This is only a textbook. It does have questions at the end of each section along with other activities to choose from. They also read Penny Candy.
Does this include access to teachers guide?
A shopper on Jul 9, 2019
BEST ANSWER: Yes! After purchasing the book, go to the website and submit your receipt showing that you have paid for the book. They will send you a link to access the teachers guide :-)
5.0 / 5.0
1 Review
5 Stars
4 Stars
3 Stars
2 Stars
1 Star
Rated 5 out of 5
Shipped well, brand new
The book came in absolute perfect condition and smelled like new books. Very pleasant transaction.
February 22, 2021
over 2 years ago

help desk software