This course is an introduction to economics for non-majors and political economy, …
This course is an introduction to economics for non-majors and political economy, with an emphasis on the moral and ethical problems that markets solve, and fail to solve. Taught by Professor Michael Munger of Duke University, this course includes full length lectures, links to readings, and a sample final exam.
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: Calculate …
By the end of this section, you will be able to:
Calculate and graph budget constraints Explain opportunity sets and opportunity costs Evaluate the law of diminishing marginal utility Explain how marginal analysis and utility influence choices
By the end of this section, you will be able to: Differentiate …
By the end of this section, you will be able to:
Differentiate among a floating exchange rate, a soft peg, a hard peg, and a merged currency Identify the tradeoffs that come with a floating exchange rate, a soft peg, a hard peg, and a merged currency
By the end of this section, you will be able to: Discuss …
By the end of this section, you will be able to:
Discuss how international trade influences the job market Analyze the opportunity cost of protectionism Explain how international trade impacts wages, labor standards, and working conditions
By the end of this section, you will be able to: Show …
By the end of this section, you will be able to:
Show the relationship between production costs and comparative advantage Identify situations of mutually beneficial trade Identify trade benefits by considering opportunity costs
By the end of this section, you will be able to: Calculate …
By the end of this section, you will be able to:
Calculate the labor force participation rate and the unemployment rate Explain hidden unemployment and what it means to be in or out of the labor force Evaluate the collection and interpretation of unemployment data
Principles of Microeconomics is an introductory undergraduate course that teaches the fundamentals …
Principles of Microeconomics is an introductory undergraduate course that teaches the fundamentals of microeconomics. This course introduces microeconomic concepts and analysis, supply and demand analysis, theories of the firm and individual behavior, competition and monopoly, and welfare economics. Students will also be introduced to the use of microeconomic applications to address problems in current economic policy throughout the semester.
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