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.

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:

Contrast traditional economies, command economies, and market economies
Explain gross domestic product (GDP)
Assess the importance and effects of globalization