Summer 2012 Reading Assignment AP Macro and AP Microeconomics:
Naked Economics: Undressing the Dismal Science
by Charles Wheelan, 2010 edition
ISBN 978-0-393-33764-8 (Paperback)
Book Review:
“Explains our global economy in a way that is (gasp!) actually entertaining.”— Book Magazine
“Finally! A book about economics that won’t put you to sleep. In fact, you won’t be able to put this bestseller down. In our challenging economic climate, this perennial favorite of students and general readers is more than a good read, it’s a necessary investment—with a blessedly sure rate of return. Demystifying buzzwords, laying bare the truths behind oft-quoted numbers, and answering the questions you were always too embarrassed to ask, the breezy Naked Economics gives readers the tools they need to engage with pleasure and confidence in the deeply relevant, not so dismal science.
This revised and updated edition adds commentary on hot topics, including the current economic crisis, globalization, the economics of information, the intersection of economics and politics, and the history—and future—of the Federal Reserve.”
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The Assignment:
Naked Economics is available at any bookstore and in most libraries. It is also available through online booksellers. Be sure to look for the 2010 updated edition vice the 2003 edition.
For any 10 of the 13 chapters in the book, complete the following:
1) Write a brief summary of the chapter.
2) Make a list of the terms or concepts introduced with a brief explanation of each. You
may do this in “flash card” format, two-column notes, or some other note-taking
method.
3) Write a one or two paragraph commentary in which you discuss:
a. how the author has made you look at issues or markets differently;
b. whether you disagree with the author (with explanation); and/or
c. how the author’s ideas can be extended to other current economic situations in
your own experience or in the world today.
The chapter assignments will be worth 10 points each for a total of 100 points. Additionally, you will be given an open-note quiz on the book during the first quarter which will be worth 50 points. You will not be given any extra points for completing the chapter work for all 13 chapters, however, by doing so, you may find the quiz to be easier.
Enjoy the book!
If you have any questions about the book or the about course, feel free to e-mail me this summer at: