Looking for engaging content for your economics courses? The Institute for Humane Studies has curated this collection of educational resources to help economics professors enrich their curriculum. Find videos, interactive games, reading lists, and more on everything from opportunity costs to trade policy. This collection is updated frequently with new content, so watch this space!

As Adam Smith said, everyone lives by exchanging. They exchange—buy and sell—to make themselves better off. Does the same principle apply to international trade? Do nations benefit from importing and exporting? The November 2016 issue of Page One Economics explains the basics of international trade and its importance to the economy.

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.

By the end of this section, you will be able to:Calculate and graph budget constraintsExplain opportunity sets and opportunity costsEvaluate the law of diminishing marginal utilityExplain how marginal analysis and utility influence choices

In this Unit, you will learn about:How Individuals Make Choices Based on Their Budget ConstraintThe Production Possibilities Frontier and Social ChoicesConfronting Objections to the Economic Approach

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 currencyIdentify 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 how international trade influences the job marketAnalyze the opportunity cost of protectionismExplain how international trade impacts wages, labor standards, and working conditions

By the end of this section, you will be able to:Define absolute advantage, comparative advantage, and opportunity costsExplain the gains of trade created when a country specializes

By the end of this section, you will be able to:Show the relationship between production costs and comparative advantageIdentify situations of mutually beneficial tradeIdentify trade benefits by considering opportunity costs

By the end of this section, you will be able to:Calculate the labor force participation rate and the unemployment rateExplain hidden unemployment and what it means to be in or out of the labor forceEvaluate the collection and interpretation of unemployment data