This class first offers some basic analytical frameworks -- culture, social structure, and institutions -- that you can use to examine a wide range of political outcomes. We then use these frameworks to understand (1) the relationship between democracy and economic development and (2) the relative centralization of political authority across countries. We will use theoretical arguments and a wide range of case studies to address several questions: Why are some countries democratic and others not? How does democracy affect economic development and political conflict? Why do some countries centralize power while others threaten to fall apart through secession and civil war? We will use examples from a wide range of countries including Argentina, Brazil, Germany, Iraq, Italy, Mexico, and the United States. The lessons drawn from these countries will prepare you to analyze other countries of your own choosing in the paper assignments. At the end of the course, you should be able to analyze political events around the world, drawing on the theoretical explanations provided in the class.

Models of economic growth, old and new. Half-term subject. Introduction to the theories of economic growth. Topics will include basic facts of economic growth and long-run economic development; brief overview of optimal control theory and dynamic programming; basic neoclassical growth model under a variety of market structures; human capital and economic growth; endogenous growth models; models with endogenous technology; models of directed technical change; competition, market structure and growth; financial and economic development; international trade and economic growth; institutions and economic development.

This course is a comprehensive introduction to the structure of the American economy as compared to other economic structures. Supply and demand, GDP, inflation, monetary policy, money and banking, taxation, economic growth, international exchange and comparisons of classical, Keynesian and monetarist economic philosophies are presented. It is required for business majors planning to transfer to 4-year business programs in the state of Washington.Login: guest_oclPassword: ocl

Principles of Macroeconomics 2e covers the scope and sequence of most introductory economics courses. The text includes many current examples, which are handled in a politically equitable way. The outcome is a balanced approach to the theory and application of economics concepts. The second edition has been thoroughly revised to increase clarity, update data and current event impacts, and incorporate the feedback from many reviewers and adopters. Changes made in Principles of Macroeconomics 2e are described in the preface and the transition guide to help instructors transition to the second edition. The first edition of Principles of Macroeconomics by OpenStax is available in web view here.

By the end of this section, you will be able to:

Explain supply and demand for exchange rates
Define arbitrage
Explain purchasing power parity's importance when comparing countries.

By the end of this section, you will be able to:

Define "foreign exchange market"
Describe different types of investments like foreign direct investments (FDI), portfolio investments, and hedging
Explain how appreciating or depreciating currency affects exchange rates
Identify who benefits from a stronger currency and benefits from a weaker currency

With this free video resource, students will explore the economic way of thinking, and the role incentives play in all our lives through engaging Hollywood production style videos.

Educators can use MRU's videos in a variety of ways, to include “flipping” the classroom, as study aids, supplementary material, concept reinforcement, or even as a full course offering.

In MRU's Principles of Macroeconomics course, we’ll cover fundamental questions such as: Why do some countries grow rich while others remain poor? How important is a country’s banking system — and what happened during the recent financial crisis? How did Zimbabwe end up with an inflation rate that rose into the quadrillions?

We’ll also cover important topics like the Federal Reserve, monetary policy, fiscal policy, the Solow Growth Model, institutional analysis, the “economics of ideas,” and more.

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What is Marginal Revolution University (MRU)?

Many of us can remember our first great economics teacher who fundamentally changed how we see the world. At MRU, we try and deliver that experience to millions worldwide through video.

Founded as a nonprofit in 2012 by George Mason University economics professors Tyler Cowen and Alex Tabarrok, MRU is building the world’s largest online library of free economics education videos -- currently weighing in at more than 800 videos.