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Economics (Faculty Reviewed)

Course materials in this collection have been mapped to high enrollment Economics courses at select Virginia higher education institutions and reviewed by Virginia faculty. All faculty reviewed OER will include a seal of approval in the item record. Scroll through Course Alignments to see what courses and institutions the materials may be suitable for use in the classroom.

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Advanced Macroeconomics: An Easy Guide
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CC BY
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Macroeconomic policy is one of the most important policy domains, and the tools of macroeconomics are among the most valuable for policy makers. Yet there has been, up to now, a wide gulf between the level at which macroeconomics is taught at the undergraduate level and the level at which it is practiced. At the same time, doctoral-level textbooks are usually not targeted at a policy audience, making advanced macroeconomics less accessible to current and aspiring practitioners.

Subject:
Economics
Social Science
Material Type:
Teaching/Learning Strategy
Provider:
LSE Press
Author:
Andrés Velasco
Federico Sturzenegger
Filipe Campante,
Date Added:
08/26/2024
Economics Made Easy: Curricular Resources for Economics Courses
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CC BY
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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!

Subject:
Economics
Social Science
Material Type:
Teaching/Learning Strategy
Provider:
Institute for Humane Studies
Date Added:
06/09/2020
The Economics of Food and Agricultural Markets
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CC BY-NC-SA
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The Economics of Food and Agricultural Markets is written for applied intermediate microeconomics courses. The book showcases the power of economic principles to explain and predict issues and current events in the food, agricultural, agribusiness, international trade, and natural resource sectors. The field of agricultural economics is relevant, important and interesting. The study of market structures, also called industrial organization, provides powerful, timely, and useful tools for any individual or group making personal choices, business decisions, or public policies in food and agriculture industries.

Subject:
Economics
Social Science
Material Type:
Textbook
Provider:
New Prairie Press
Author:
Andrew Barkley
Date Added:
12/21/2016
The Economics of Food and Agricultural Markets, 2nd edition
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CC BY-NC
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The Second Edition of Economics of Food and Agricultural Markets (2019) is written for applied intermediate microeconomics courses. The book showcases the power of economic principles to explain and predict issues and current events in the food, agricultural, agribusiness, international trade, labor markets, and natural resource sectors. The field of agricultural economics is relevant, important and interesting. The study of market structures, also called industrial organization, provides powerful, timely, and useful tools for any individual or group making personal choices, business decisions, or public policies in food and agricultural industries.

Subject:
Agriculture
Career and Technical Education
Economics
Social Science
Material Type:
Textbook
Author:
Andrew Barkley
Date Added:
09/26/2019
The Economy
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CC BY-NC-ND
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The text focuses throughout on evidence on the economy, from around the world, and from history. It is motivated by questions—how can we explain what we see? The method is to ask interesting questions first and then to introduce models that help to answer them. Standard tools such as constrained optimization are taught by showing how they give insight into real-world problems. Economics as a discipline is set in a social, political, and ethical context in which institutions matter.

CORE teaches students to be economists:

Start with a question, and look at the evidence.
Build a model that helps you understand what you see.
Critically evaluate the model: does it provide insight into the question, and explain the evidence?

Unit 1. The big questions about the economy
Units 2–3. Economic decision making
Units 4–6. Economic relationships and interactions
Units 7–10. Markets
Units 11–12. Market dynamics, how markets work and don’t work
Units 13–15. The aggregate economy in the short and medium run
Unit 16. The aggregate economy in the long run
Capstone units 17–22

Subject:
Economics
Social Science
Material Type:
Textbook
Date Added:
05/10/2020
Economy, Society, and Public Policy
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CC BY-NC-ND
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Economy, Society, and Public Policy has been created specifically for students from social science, public policy, business and management, engineering, biology, and other disciplines, who are not economics majors.

Table of Contents:
1—Capitalism and democracy: Affluence, inequality, and the environment
2—Social interactions and economic outcomes
3—Public policy for fairness and efficiency
4—Work, wellbeing, and scarcity
5—Institutions, power, and inequality
6—The firm: Employees, managers, and owners
7—Firms and markets for goods and services
8—The labour market and the product market: Unemployment and inequality
9—The credit market: Borrowers, lenders, and the rate of interest
10—Banks, money, housing, and financial assets
11—Market successes and failures
12—Governments and markets in a democratic society

Subject:
Economics
Social Science
Material Type:
Textbook
Author:
Electric Book Works
Date Added:
05/10/2020
International Economics: Theory and Policy
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CC BY-NC-SA
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International Economics: Theory and Policy is built on Steve Suranovic’s belief that students need to learn the theory and models to understand how economics works and how economists understand the world. And, that these ideas are accessible to most students if they are explained thoroughly.

So, if you are looking for an International Economics text that will prepare your PhD students while promoting serious comprehension for the non-economics major, Steve Suranovic’s International Economics: Theory and Policy is for you.

International Economics: Theory and Policy presents numerous models in some detail; not by employing advanced mathematics, but rather by walking students through a detailed description of how a model’s assumptions influence its conclusions. Then, students learn how the models connect with the real world.

Steve’s book covers positive economics to help answer the normative questions; for example, what should a country do about trade policy, or about exchange rate policy? The results from models give students insights that help us answer these questions. Thus, this text strives to explain why each model is interesting by connecting its results to some aspect of a current policy issue.

This text eliminates some needlessly difficult material while adding and elaborating on other principles. For example, the development of the relative supply/demand structure, or the presentation of offer curves, are omitted as to not go too deeply into topics that tend to confuse many students at this level.

Steve developed new approaches in this text including a simple way to present the Jones’ magnification effects, a systematic method to teach the theory of the second best, and a unique description of valid reasons to worry about trade deficits. These new approaches help students learn the concepts and models and derive conclusions from them.

If you like to take a comprehensive look at trade policies, be sure to check out the chapter on Trade Policy (7). It provides a comprehensive look at many more trade policies than are found in many of the printed textbooks on the market today.

International Economics: Theory and Policy by Steve Suranovic is intended for use in a full semester trade course, a full semester finance course, or a one semester trade/finance course.

Subject:
Economics
Social Science
Material Type:
Textbook
Provider:
Flat World Knowledge
Author:
Steve Suranovic
Date Added:
08/01/2010
International Trade
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CC BY-NC-ND
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This course takes a look at the basic theories of international trade and the consequences of trade in today's global economy. You'll have the opportunity to learn more about fundamental ideas such as comparative advantage, increasing returns to scale, factor endowments, and arbitrage across borders. The consequences we discuss include the effects of offshoring, how trade has shaped the economies of China, Mexico, and Korea, when foreign direct investment is desirable, and the history of free trade and tariffs, among other topics. Trade is a topic of increasing importance and this material will give you a better grasp on the theories and empirics as they have been developed by economists.

Subject:
Economics
Social Science
Material Type:
Full Course
Provider:
Marginal Revolution University
Author:
Alex Tabarrok
Tyler Cowen
Date Added:
06/09/2020
Macroeconomics
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CC BY-NC-SA
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Macroeconomics provides an introduction to economic principles and market forces including supply and demand, unemployment, inflation, international trade and capital flows, monetary policy and banking, fiscal policy and globalization.

Subject:
Economics
Social Science
Material Type:
Full Course
Textbook
Provider:
Lumen Learning
Provider Set:
Candela Courseware
Date Added:
06/13/2019
Microeconomics: Theory Through Applications
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CC BY-NC-SA
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Russell Cooper and Andrew John have written an economics text aimed directly at students from its very inception. You're thinking, ”Yeah, sure. I've heard that before.“

This textbook, Microeconomics: Theory Through Applications, centers around student needs and expectations through two premises: … Students are motivated to study economics if they see that it relates to their own lives. … Students learn best from an inductive approach, in which they are first confronted with a problem, and then led through the process of solving that problem.

Many books claim to present economics in a way that is digestible for students; Russell and Andrew have truly created one from scratch. This textbook will assist you in increasing students' economic literacy both by developing their aptitude for economic thinking and by presenting key insights about economics that every educated individual should know.

Subject:
Business and Communication
Economics
Social Science
Material Type:
Textbook
Provider:
The Saylor Foundation
Provider Set:
Saylor Textbooks
Author:
Andrew John
Russell Cooper
Date Added:
06/14/2019
Microeconomics for Business
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CC BY-NC
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This web-based open textbook and course for Microeconomics for Business was created under a Round Eight ALG Textbook Transformation Grant. The text is a remix including newly-created textbook chapters and chapters from OpenStax Principles of Microeconomics.

Original chapters are also available for download in the repository.

Topics include:

Introduction to Economics
Demand and Supply in Competitive Markets
Elasticity of Demand and Supply
Markets and Government
Consumer Choice
Production, Costs, and Profit
Firms' Decisions under Perfect Competition
Monopoly, Rent Seeking, and Antitrust Policies
Firms' Decisions under Monopolistic Competition
Market Concentration, Oligopoly, and Firms' Strategic Interaction

Subject:
Economics
Social Science
Material Type:
Full Course
Provider:
University System of Georgia
Provider Set:
Galileo Open Learning Materials
Author:
Constantin Ogloblin,
John Brown
John King
William Levernier
Date Added:
08/26/2024
Principles of Economics
Unrestricted Use
CC BY
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Principles of Economics covers scope and sequence requirements for a two-semester introductory economics course. The authors take a balanced approach to micro- and macroeconomics, to both Keynesian and classical views, and to the theory and application of economics concepts. The text also includes many current examples, which are handled in a politically equitable way.

Subject:
Economics
Social Science
Material Type:
Textbook
Provider:
Rice University
Provider Set:
OpenStax College
Author:
Amyaz Moledina
Andres Jauregui
Craig Richardson
Cynthia Gamez
Dan MacDonald
David Shapiro
Diane Keenan
Eric Dodge
Ralph Sonenshine
Steven Greenlaw
Timothy Taylor
Date Added:
01/02/2014
Principles of Economics
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CC BY-NC-SA
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Flat World Knowledge is thrilled to publish a first edition re-launch of Tim Tregarthen’s acclaimed Principles of Economics book, and proud to bring Tim's remarkable talents as a teacher to future generations of students.In 1996, Tim published the first edition of his principles of economics textbook to great acclaim, and it became widely used in colleges around the country. That same year, MS made him wheelchair-bound. The disease forced his retirement from teaching at the University of Colorado at Colorado Springs in 1998. He lost the use of his arms in 2001 and has been quadriplegic ever since.Tim never let his disease get him down. In fact, he turned back to his love of writing and teaching for inspiration. He obtained a voice-activated computer, recruited a co-author, Libby Rittenberg of Colorado College, and turned his attention to revising his principles of economics book.Today we are excited to introduce Libby Rittenberg and Timothy Tregarthen’s Principles of Economics. The authors teach economics as the study of “choice “ by providing students with an accessible, straightforward overview of economics. This text combines the clarity and writing of Tregarthen's seminal periodical "The Margin" with great teaching insights.Rittenberg and Tregarthen help students to understand how real individuals actually work with economics. In this new book, the authors illustrate the practicality and relevance of economics with a variety of new illustrations and insights.The authors take a three-pronged approach to every concept: (1) the concept is covered with a “Heads Up” to ward off confusion, (2) a “You Try It” section makes sure students are staying on top of the concept and (3) a “Case and Point” section that uses a real-world application to harness the concept in reality. For one example of how this plays out in the text see "Chapter 3, Section 2 on Supply." hereThis book is intended for a two-semester course in economics taught out of the social sciences or business school.

Subject:
Economics
Social Science
Material Type:
Textbook
Provider:
Minnesota Libraries Publishing Project
Author:
Libby Rittenberg and Timothy Tregarthen
Date Added:
01/01/2011
Principles of Macroeconomics (Video)
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With this free video resource, students will explore the economic way of thinking, and the role incentives play in all our lives through engaging Hollywood production style videos.

Educators can use MRU's videos in a variety of ways, to include “flipping” the classroom, as study aids, supplementary material, concept reinforcement, or even as a full course offering.

In MRU's Principles of Macroeconomics course, we’ll cover fundamental questions such as: Why do some countries grow rich while others remain poor? How important is a country’s banking system — and what happened during the recent financial crisis? How did Zimbabwe end up with an inflation rate that rose into the quadrillions?

We’ll also cover important topics like the Federal Reserve, monetary policy, fiscal policy, the Solow Growth Model, institutional analysis, the “economics of ideas,” and more.

------------------------------------

What is Marginal Revolution University (MRU)?

Many of us can remember our first great economics teacher who fundamentally changed how we see the world. At MRU, we try and deliver that experience to millions worldwide through video.

Founded as a nonprofit in 2012 by George Mason University economics professors Tyler Cowen and Alex Tabarrok, MRU is building the world’s largest online library of free economics education videos -- currently weighing in at more than 800 videos.

Subject:
Economics
Social Science
Material Type:
Full Course
Homework/Assignment
Lecture
Module
Author:
Alex Tabarrok
Tyler Cowen
Date Added:
05/10/2020
Principles of Microeconomics
Unrestricted Use
CC BY
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This book is an adaptation of Principles of Microeconomics originally published by OpenStax. This adapted version has been reorganized into eight topics and expanded to include over 200 multiple choice questions, examples, eight case studies including questions and solutions, and over 200 editable figures.

Subject:
Economics
Social Science
Material Type:
Textbook
Provider:
BCcampus
Author:
Dr. Emma Hutchinson
Date Added:
05/10/2020
Principles of Microeconomics 2e
Unrestricted Use
CC BY
Rating
0.0 stars

Principles of Microeconomics covers the scope and sequence of most introductory microeconomics 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.

Subject:
Economics
Social Science
Material Type:
Textbook
Provider:
Rice University
Provider Set:
OpenStax College
Author:
Amyaz Moledina
Andres Jauregui
Craig Richardson
Cynthia Gamez
Dan MacDonald
David Shapiro
Diane Keenan
Eric Dodge
Ralph Sonenshine
Steven Greenlaw
Timothy Taylor
Date Added:
01/02/2014
Principles of Microeconomics (Video)
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With this free video resource, students will be exposed to the economic way of thinking. Students will understand how to use economics in their lives and, ultimately, you’ll see the world differently-- all through engaging Hollywood production style videos.

Educators can use MRU's videos in a variety of ways, to include “flipping” the classroom, as study aids, supplementary material, concept reinforcement, or even as a full course offering.

In MRU's Principles of Microeconomics course, covers fundamental concepts like supply and demand and equilibrium. We also answer questions such as: How are prices determined? What did Adam Smith mean when he said the market process works like an “invisible hand”? How is it that we have access to fresh roses in very cold cities every Valentine’s Day? All key topics are covered to include competition, monopoly, price discrimination, externalities, public goods and more.

There are no prerequisites for this course, and it is accessible to beginners.

------------------------------------

What is Marginal Revolution University (MRU)?

Many of us can remember our first great economics teacher who fundamentally changed how we see the world. At MRU, we try and deliver that experience to millions worldwide through video.

Founded as a nonprofit in 2012 by George Mason University economics professors Tyler Cowen and Alex Tabarrok, MRU is building the world’s largest online library of free economics education videos -- currently weighing in at more than 800 videos.

Subject:
Economics
Social Science
Material Type:
Full Course
Homework/Assignment
Lecture
Module
Syllabus
Author:
Alex Tabarrok
Tyler Cowen
Date Added:
05/10/2020
Principles of Microeconomics with Ethics
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Educational Use
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Microeconomics with Ethics is an introductory college-level textbook that will enable students to understand current controversies about how to best organize an economic system. The approach emphasizes economic model development and how to interpret their results. The textbook first introduces an Edgeworth box to explain the gains from trade and comparative advantage. We then introduce market complexity, stepwise, by introducing monopoly, oligopoly, and finally perfect competition with supply and demand. Government policy is analyzed under perfect competition and in the presence of market imperfections such as externalities, public goods and common resources. Students will learn why some economic models support limited government while others support a much larger role for government. The textbook diverges only slightly from traditional neoclassical textbooks by demonstrating why individual self-interest must be constrained by ethical behavior to achieve economically efficient outcomes. For example, the acceptance of theft, equivalent to a violation of property rights, may more readily satisfy someone’s self-interest, but would nonetheless undermine the development of markets involving mutually voluntary exchange. Other unethical behaviors examined include deceptive business practices, efforts to undermine free competition, the unwillingness to consider community well-being, and economic disloyalties. Lastly, the text highlights how both private institutions, such as religions, and public institutions, such as criminal justice systems, can constrain unethical behaviors and thereby promote economic efficiency. Students will come away from this course with a rich understanding of the modern economic system and a clearer perspective on the different opinions across the economic and political spectrum about how to best organize an economy.

Subject:
Economics
Social Science
Material Type:
Full Course
Textbook
Author:
Steven Suranovic
Date Added:
08/26/2024