General introduction to basic micro and macro-economic principles. Topics include monetary policy, fiscal policy, public finance, international trade, economic growth, price determination, and market structure.
This course will guide students through the process of forming economic hypotheses, gathering the appropriate data, analyzing them, and effectively communicating their results.
Principles of Microeconomics and Principles of Macroeconomics – Development of Canvas modules to augment and update existing OER texts. This resource for economics is available in Canvas Commons.
OER Supplementary Modules to Principles of Economics Courses The following seven modules are user-ready supplements to the Principles of Economics courses. They are linked to the Openstax textbooks but may be added to any course using Canvas. Each module is divided into separate lessons, each available to download individually into a course.
MODULE 1: Inequality
MODULE 2: Behavioral Economics
MODULE 3: Unemployment (Openstax Edited with Local Data)
MODULE 4: History of Economic Thought
MODULE 5: Game Theory
MODULE 6: Climate Change
MODULE 7: Integrating CORE and Openstax
Presumably you've already made plans for surviving a zombie apocalypse, but have you thought through the important economic factors that might make the difference between surviving and losing your brain to one of the walking dead? In this video, Professor Anthony Davies of Duquesne University discusses how a zombie apocalypse would affect the price of gasoline, the supply of money, and the economy as a whole.
The text focuses throughout on evidence on the economy, from around the world, and from history. It is motivated by questions—how can we explain what we see? The method is to ask interesting questions first and then to introduce models that help to answer them. Standard tools such as constrained optimization are taught by showing how they give insight into real-world problems. Economics as a discipline is set in a social, political, and ethical context in which institutions matter.
CORE teaches students to be economists:
Start with a question, and look at the evidence.
Build a model that helps you understand what you see.
Critically evaluate the model: does it provide insight into the question, and explain the evidence?
Unit 1. The big questions about the economy
Units 2–3. Economic decision making
Units 4–6. Economic relationships and interactions
Units 7–10. Markets
Units 11–12. Market dynamics, how markets work and don’t work
Units 13–15. The aggregate economy in the short and medium run
Unit 16. The aggregate economy in the long run
Capstone units 17–22
Economy, Society, and Public Policy has been created specifically for students from social science, public policy, business and management, engineering, biology, and other disciplines, who are not economics majors.
Table of Contents:
1—Capitalism and democracy: Affluence, inequality, and the environment
2—Social interactions and economic outcomes
3—Public policy for fairness and efficiency
4—Work, wellbeing, and scarcity
5—Institutions, power, and inequality
6—The firm: Employees, managers, and owners
7—Firms and markets for goods and services
8—The labour market and the product market: Unemployment and inequality
9—The credit market: Borrowers, lenders, and the rate of interest
10—Banks, money, housing, and financial assets
11—Market successes and failures
12—Governments and markets in a democratic society
Flat World Knowledge is thrilled to publish a first edition re-launch of Tim Tregarthen’s acclaimed Principles of Economics book, and proud to bring Tim's remarkable talents as a teacher to future generations of students.In 1996, Tim published the first edition of his principles of economics textbook to great acclaim, and it became widely used in colleges around the country. That same year, MS made him wheelchair-bound. The disease forced his retirement from teaching at the University of Colorado at Colorado Springs in 1998. He lost the use of his arms in 2001 and has been quadriplegic ever since.Tim never let his disease get him down. In fact, he turned back to his love of writing and teaching for inspiration. He obtained a voice-activated computer, recruited a co-author, Libby Rittenberg of Colorado College, and turned his attention to revising his principles of economics book.Today we are excited to introduce Libby Rittenberg and Timothy Tregarthen’s Principles of Economics. The authors teach economics as the study of “choice “ by providing students with an accessible, straightforward overview of economics. This text combines the clarity and writing of Tregarthen's seminal periodical "The Margin" with great teaching insights.Rittenberg and Tregarthen help students to understand how real individuals actually work with economics. In this new book, the authors illustrate the practicality and relevance of economics with a variety of new illustrations and insights.The authors take a three-pronged approach to every concept: (1) the concept is covered with a “Heads Up” to ward off confusion, (2) a “You Try It” section makes sure students are staying on top of the concept and (3) a “Case and Point” section that uses a real-world application to harness the concept in reality. For one example of how this plays out in the text see "Chapter 3, Section 2 on Supply." hereThis book is intended for a two-semester course in economics taught out of the social sciences or business school.
Principles of Economics covers scope and sequence requirements for a two-semester introductory economics course. The authors take a balanced approach to micro- and macroeconomics, to both Keynesian and classical views, and to the theory and application of economics concepts. The text also includes many current examples, which are handled in a politically equitable way.
In principles of economics students many times have trouble understanding the concept of opportunity cost, connecting opportunity cost to comparative advantage, and differentiating between absolute advantage and comparative advantage. This activity allows the instructor to detect whether a large number of students exhibit any of these misconceptions, and then focus on the most problematic concepts in class.
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:
Discuss the importance of studying economics
Explain the relationship between production and division of labor
Evaluate the significance of scarcity