This course hub website contains OER/ZTC (Open Educational Resources/Zero Textbook Cost) resources for faculty teaching Introduction to Macroeconomics (ECO 201) at the Borough of Manhattan Community College (BMCC). These resources are freely available for use by BMCC faculty and beyond.
Principles of Macroeconomics 2e covers the scope and sequence of most introductory …
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 …
By the end of this section, you will be able to:
Explain the meaning of trade balance and its implications for the foreign exchange market Analyze concerns over international trade in goods and services and international flows of capital Identify and evaluate market-oriented economic reforms
By the end of this section, you will be able to: Discuss …
By the end of this section, you will be able to:
Discuss the relationship between bank regulation and monetary policy Explain bank supervision Explain how deposit insurance and lender of last resort are two strategies to protect against bank runs
By the end of this section, you will be able to: Analyze …
By the end of this section, you will be able to:
Analyze whether monetary policy decisions should be made more democratically Calculate the velocity of money Evaluate the central bank’s influence on inflation, unemployment, asset bubbles, and leverage cycles Calculate the effects of monetary stimulus
By the end of this section, you will be able to: Explain …
By the end of this section, you will be able to:
Explain the structure and organization of the U.S. Federal Reserve Discuss how central banks impact monetary policy, promote financial stability, and provide banking services
By the end of this section, you will be able to: Explain …
By the end of this section, you will be able to:
Explain crowding out and its effect on physical capital investment Explain the relationship between budget deficits and interest rates Identify why economic growth is tied to investments in physical capital, human capital, and technology
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