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Volume
#1: Colonial America
1. Exploring Economics: Then and Now
Natural, human,
and capital resources, wants, scarcity, choices, opportunity cost,
barter
2. The Pilgrims: Surviving in the New World
Scarcity,
resources, natural resources, labor, capital, opportunity cost,
specialization, three basic economic questions: What to produce? How to
produce? For whom to produce? (optional: three main types of
economies)
3. Indian Producers and Consumers
Natural resources,
capital resources, human resources, human capital, production
4. Indian Economies
Natural resources, capital
resources, human resources, human capital, production, economy, three
basic questions that economies must answer, three types of economies, the
role of government in an economy
5. The Virginia Company: Would You Invest?
Investment
risks and rewards, opportunity cost, saving, incentives
6. What Happened at Jamestown?
Incentives, trade, barter,
producers, capital resources, natural resources, human resources, human
capital
7. Exploring Their Choices: King James, Investors, Colonists, and
Indians
Choices, costs, benefits, consequences, incentives,
economic systems, voluntary trade, opportunity cost
8. Why Did They Trade?
Voluntary trade, barter,
exchange
9. The Ox-Cart Man Goes to Market
Producers, consumers,
goods, services, capital, natural and human resources, markets, exchange,
money, barter, decision-making, demand, opportunity cost, income, savings,
investing, consumer goods, capital goods
10. A Colonial Marketplace
Economic wants, markets,
buyers, sellers, self-sufficiency, barter, a double coincidence of wants,
money, commodity money, the roles of money, the characteristics of
money
11. The Colonial Workers Web
Goods, services,
producers, consumers, self-sufficiency, specialization, interdependence,
barter
12. George Washington's Neighborhood
Goods and
services, producers and consumers, money, resources, economic freedom,
standard of living
13. Apprenticeship: Developing Human Capital
Human
capital, choices, costs, benefits, consequences, incentives, opportunity
cost
14. New England, the Mid-Atlantic, or the South: Where to
Go?
Scarcity, decision making, alternatives, criteria,
opportunity cost
15. Producing: In the Past and In the Present
Natural
resources, capital resources, human resources, investment, goods,
producers, specialization, productivity, transportation
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