Exploring Economics (2016)

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The 4th edition features new and updated lessons related to election integrity, decisions of the Supreme Court, and international relations. The curriculum includes updated statistics and many new photographs, illustrations, and charts. The companion volume of readings, We Hold These Truths, includes some new selections.

None of the components from this edition are compatible with previous editions of the curriculum.

For the 2016 edition, Ray Notgrass made a major revision and update to the text, which was printed in full color with a hardback binding. The curriculum had a completely new layout with hundreds of color photos and illustrations, a new optional English/literature half-year credit, hands-on project and writing ideas for every unit, and a completely revised Student Review Pack designed for ease of use. The Student Review Pack for this edition is available for purchase as a digital download.

High School Student Review Material

2nd Edition (2016)

The 2016 edition, released in a hardcover binding, is completely revised.

It is not compatible with the 2009 paperback edition.

1st Edition (2009)

The first edition of Exploring Economics was released in 2009 in paperback format. You may purchase a digital download of the Quiz and Exam Pack.

2009 Quiz and Exam Pack

Corrections

2016 Edition (Hardcover)

Unit 6, Lesson 27

On page 161, in the caption above the photo of the ENIAC, we incorrectly identified the two women in the photo. Their names are Gloria Gordon (crouching) and Ester Gerston (standing).

Unit 7, Lesson 33

We mixed up our descriptions of money market accounts, which are deposited at banks, and money market funds, which are mutual funds held through investment companies. Here is our updated description of money market funds on page 207:

Money market funds are mutual funds that invest in relatively safe and short-term securities such as U.S. Treasury bills. Money market funds usually earn more than bank savings accounts but less than funds that invest in stocks.

Unit 11, Lesson 55

On the pie chart on page 344, two of the labels are switched. The large green section on the right should be labeled "Social Security - 23.9%". The blue section on the left should be labeled "Non-Defense - 15.8%".

Unit 12, Lesson 56

In the paragraph giving a simple example of GDP, we mixed up the names we used. The corrected paragraph should read: "We can determine the GDP either by totaling all expenditures or by totaling all income. This is true because one person’s expenditure is another person’s income. Any exchange has two parties, the seller and the buyer. If Doug makes an object and sells it to Olivia for $100, then Olivia’s expenditure is $100 and Doug’s income is $100. This exchange has increased the GDP by $100."

Student Review

On question #1 in Lesson 55, question #9 in Lesson 57, and question #2 in Lesson 60, we inadvertently printed the answer after the question. You can white out the answer.

Quiz and Exam Book

The word banks in the Second Exam (page 26) and the Unit 11 Quiz (page 29) had multiple errors.

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Answer Key

The page reference for question #6 in Lesson 23 should be 130.
The page reference for question #10 in Lesson 28 should be 163.
The page reference for questions #9 and #10 in Lesson 37 should be 235.
The page reference for question #2 in Lesson 46 should be 290.
For question #5 in Lesson 57, the Conference Board was founded in 1916.

2009 Edition (Paperback)

The chart on page 129 is incorrect. You can download the corrected chart from the current edition here: Supply and Demand Equilibrium Chart

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