Appendix D A Guide for Instructors
Saving Adam Smith speaks to contemporary topics covered in a variety of courses in economics, business, philosophy, and related disciplines. Specifically, the book addresses economic theories and business ethics within the context of practical examples and applications, suitable for both principles and advanced courses, in the following topics:
Wealth creation and trade:
- Opportunity cost
- Specialization of labor
- The gains to trade
- Diminishing returns
- The role of prices and profits in allocating resources
- The "invisible hand"
- Human capital formation
- Savings and capital accumulation
Market failure and the role of the state:
- Monopoly
- Public goods, for example, public education, highways
- Moral hazards
- Government ...
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