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: Contrast …
By the end of this section, you will be able to:
Contrast expansionary monetary policy and contractionary monetary policy Explain how monetary policy impacts interest rates and aggregate demand Evaluate Federal Reserve decisions over the last forty years Explain the significance of quantitative easing (QE)
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
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