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Course Learning Outcomes
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1. Overview of Faculty Resources
2. PDF
3. Why It Matters: Economic Thinking
4. Outcome: What Is Economics?
5. Video: Scarcity and Choice
6. Reading: Understanding Economics and Scarcity
7. Video: Resources
8. Reading: The Concept of Opportunity Cost
9. Reading: Labor, Markets, and Trade
10. Video: Micro vs. Macro
11. Reading: Microeconomics and Macroeconomics
12. Outcome: Economic Models
13. Reading: Using Economic Models
14. Outcome: Math in Economics
15. Reading: Purpose of Functions
16. Reading: Solving Simple Equations
17. Outcome: Graphs in Economics
18. Video: Graph Review
19. Reading: Creating and Interpreting Graphs
20. Reading: Interpreting Slope
21. Reading: Types of Graphs
22. Problem Set: Math in Economics
23. Problem Set: Graphs in Economics
24. Putting It Together: Economic Thinking
25. Glossary: Economic Thinking
26. Why It Matters: Choice in a World of Scarcity
27. Outcome: The Cost of Choices
28. Reading: Budget Constraints and Choices
29. Reading: Calculating Opportunity Cost
30. Outcome: The Production Possibilities Frontier
31. Video: Society's Production Possibilities Curve
32. Reading: The Production Possibilities Frontier
33. Reading: Productive Efficiency and Allocative Efficiency
34. Outcome: Economic Rationality
35. Reading: Rationality and Self-Interest
36. Reading: Rationality in Action
37. Outcome: Marginal Analysis
38. Reading: Marginal Analysis
39. Outcome: Positive and Normative Statements
40. Video: Positive and Normative Analysis
41. Reading: Positive and Normative Statements
42. Problem Sets: Budget Constraints and Opportunity Cost
43. Problem Set: Marginal Analysis
44. Putting It Together: Choice in a World of Scarcity
45. Glossary: Choice in a World of Scarcity
46. Why It Matters: Supply and Demand
47. Outcome: Economic Systems
48. Reading: Economic Systems
49. Outcome: Demand
50. Reading: What Is Demand?
51. Video: Change in Demand vs. Change in Quantity Demanded
52. Reading: Factors Affecting Demand
53. Worked Example: Shift in Demand
54. Reading: Summary of Factors That Change Demand
55. Simulation: Demand for Food Trucks
56. Self Check: Demand
57. Outcome: Supply
58. Reading: What Is Supply?
59. Reading: Factors Affecting Supply
60. Worked Example: Shift in Supply
61. Reading: Summary of Factors That Change Supply
62. Simulation: Supply of Food Trucks
63. Self Check: Supply
64. Outcome: Equilibrium
65. Reading: Equilibrium, Surplus, and Shortage
66. Video: Market Equilibrium
67. Reading: Changes in Equilibrium
68. Worked Example: Supply and Demand
69. Simulation: Food Trucks and Changes in Equilibrium
70. Self Check: Equilibrium
71. Problem Set: Supply and Demand 1
72. Problem Set: Supply and Demand 2
73. Problem Set: Supply and Demand 3
74. Putting It Together: Supply and Demand
75. Glossary: Supply and Demand
76. Why It Matters: Elasticity
77. Outcome: Explaining Elasticity
78. Reading: Introduction to Elasticity
79. Video: Price Elasticity of Demand
80. Reading: Examples of Elastic and Inelastic Demand
81. Outcome: Calculating Price Elasticity
82. Reading: Calculating Percentage Changes and Growth Rates
83. Reading: Calculating Price Elasticities
84. Reading: Three Categories of Elasticity
85. Reading: Polar Cases of Elasticity
86. Outcome: Other Elasticities
87. Reading: Other Types of Elasticity
88. Worked Example: Cross-Price Elasticity of Demand
89. Self Check: Other Elasticities
90. Outcome: Price Elasticity and Total Revenue
91. Reading: Elasticity and Total Revenue
92. Reading: Elasticity, Costs, and Customers
93. Problem Set: Elasticity
94. Putting It Together: Elasticity
95. Glossary: Elasticity
96. Why It Matters: Government Action
97. Outcome: Price Ceilings
98. Reading: Price Ceilings
99. Outcome: Price Floors
100. Reading: Price Floors
101. Case in Point: Organic Foods
102. Self Check: Impact of Binding Price Ceilings or Price Floors
103. Outcome: Tax Incidence
104. Reading: Tax Incidence
105. Outcome: Taxation
106. Reading: Financing Government
107. Reading: Types of Taxes
108. Reading: Taxation
109. A Worked Example: Price Controls
110. Putting It Together: Government Action
111. Glossary: Government Action
112. Why It Matters: Surplus
113. Outcome: Consumer, Producer, and Total Surplus
114. Reading: Surplus
115. Outcome: Surplus and Inefficiency
116. Reading: Inefficiency of Price Floors and Price Ceilings
117. Glossary: Surplus
118. Putting It Together: Surplus
119. Why It Matters: GDP and Unemployment
120. Outcome: Economic Indicators
121. Reading: The Macroeconomic Perspective
122. Outcome: Calculating GDP
123. Reading: Calculating GDP
124. Reading: Measuring Total Output
125. Outcome: GDP and Income
126. Reading: Alternative Ways to Measure the Economy
127. Reading: Gross National Product: An Alternative Measure of Output
128. Outcome: The Unemployment Rate
129. Reading: Unemployment
130. Reading: Calculating Unemployment
131. Reading: Criticisms of Measuring Unemployment
132. Reading: Difficulties Measuring Unemployment
133. Outcome: Types of Unemployment
134. Reading: Types of Unemployment
135. Reading: Patterns of Unemployment
136. Reading: Changes in Unemployment over the Short Run
137. Reading: Changes in Unemployment over the Long Run
138. Putting It Together: Macroeconomic Measures of Performance
139. Glossary: Macroeconomic Measures of Performance
140. Why It Matters: Inflation and Price Indexes
141. Outcome: Rate of Inflation
142. Reading: Introduction to Inflation
143. Reading: Computing the Rate of Inflation
144. Reading: Tracking Inflation
145. Reading: How Changes in the Cost of Living are Measured
146. Outcome: Consequences of Price Instability
147. Reading: The Confusion Over Inflation
148. Reading: Why Care about Inflation?
149. Outcome: Price Indexes
150. Reading: Price Indexes
151. Reading: The CPI and PCE
152. Outcome: Price Indexes and Real Data
153. Reading: Nominal and Real Values
154. Reading: Computing Real Values Using Price Indexes
155. Outcome: Defining the GDP Price Index
156. Reading: The Implicit Price Deflator
157. Outcome: Nominal and Real GDP
158. Reading: Real GDP
159. Reading: Converting Nominal to Real GDP
160. Putting It Together: Inflation and Price Indexes
161. Glossary: Inflation and Price Indexes
162. Why It Matters: Macro Workings
163. Outcome: The Business Cycle
164. Reading: Tracking Real GDP Over Time
165. Reading: Phases of the Business Cycle
166. Reading: Overheating and Stagflation
167. Video: The Business Cycle
168. Self Check: The Business Cycle
169. Outcome: Defining Economic Growth
170. Reading: Introduction to Economic Growth
171. Reading: Economic Growth
172. Reading: The Significance of Economic Growth
173. Reading: Rule of Law and Economic Growth
174. Reading: Labor Productivity and Economic Growth
175. Reading: The "New Economy" Controversy
176. Reading: Components of Economic Growth
177. Reading: Determinants of Economic Growth
178. Self Check: Sources of Economic Growth
179. Outcome: The Aggregate Demand-Aggregate Supply Model
180. Reading: The Aggregate Demand-Aggregate Supply Model
181. Reading: Macroeconomic Perspectives on Demand and Supply
182. Video: Overview of Aggregate Demand-Aggregate Supply Model
183. Reading: Building a Model of Aggregate Supply and Aggregate Demand
184. Reading: Aggregate Demand
185. Reading: Shifts in Aggregate Supply
186. Reading: The Long Run and the Short Run
187. Reading: Shifts in Aggregate Demand
188. Reading: Growth and Recession in the AS–AD Diagram
189. Reading: The AS–AD Model and Economic Growth
190. Simulation: Spend or Save—Government Edition
191. Self Check: The AD-AS Model and Growth, Recession, Expansion, and Inflation
192. Putting It Together: Macro Workings
193. Glossary: Macro Workings
194. Why It Matters: Keynesian and Neoclassical Economics
195. Outcome: Keynesian Economics and the AD-AS Model
196. Reading: Introduction to the Keynesian Perspective
197. Reading: Keynes' Law and Demand
198. Reading: Aggregate Demand in Keynesian Analysis
199. Reading: The Building Blocks of Keynesian Analysis
200. Reading: The Phillips Curve
201. Reading: The GDP Gap
202. Reading: The Keynesian Perspective on Market Forces
203. Outcome: The Expenditure Output Model
204. Reading: The Expenditure-Output Model
205. Reading: Using an Algebraic Approach to the Expenditure-Output Model
206. Reading: Equilibrium and The Expenditure-Output Model
207. Reading: The Multiplier Effect
208. Outcome: Neoclassical Economics and the AD-AS Model
209. Reading: Introduction to the Neoclassical Perspective
210. Reading: Say’s Law and the Macroeconomics of Supply
211. Reading: The Neoclassical Perspective and Aggregate Demand and Supply
212. Reading: The Neoclassical Perspective and Flexible Prices
213. Outcome: Applying the Keynesian and Neoclassical Perspectives
214. Reading: Keynes’ Law and Say’s Law in the AD/AS Model
215. Video: Macroeconomic Perspectives
216. Reading: Speed of Macroeconomic Adjustment
217. Reading: Balancing Keynesian and Neoclassical Models
218. Putting It Together: Keynesian and Neoclassical Economics
219. Glossary: Keynesian and Neoclassical Economics
220. Why It Matters: Fiscal Policy
221. Outcome: The Federal Budget
222. Reading: Introduction to Government Budgets and Fiscal Policy
223. Reading: Federal Government Spending
224. Reading: Federal Taxes
225. Outcome: State and Local Budgets
226. Reading: State and Local Government Spending
227. Reading: State and Local Taxes
228. Outcome: Fiscal Policy and Tax Rates
229. Reading: Fiscal Policy
230. Outcome: Expansionary and Contractionary Fiscal Policies
231. Reading: Using Fiscal Policy to Fight Recession, Unemployment, and Inflation
232. Outcome: Discretionary and Automatic Fiscal Policy
233. Reading: Fiscal Policy and Stabilizers
234. Reading: Counterbalancing Recession and Boom
235. Reading: The Standardized Employment Deficit or Surplus
236. Outcome: Changes in Tax and Spending
237. Reading: Tax Changes
238. Video: Tax Cuts During the Recession
239. Self Check: Changes in Tax and Spending
240. Putting It Together: Fiscal Policy
241. Glossary: Fiscal Policy
242. Why It Matters: Monetary Policy
243. Outcome: Defining Money
244. Reading: Introduction to Money and Banking
245. Reading: Defining Money by Its Functions
246. Reading: Measuring Money: Currency, M1, and M2
247. Video: What is Money?
248. Self Check: Defining Money
249. Outcome: Defining Credit
250. Reading: Credit
251. Outcome: Banks
252. Reading: The Role of Banks
253. Outcome: Lending and Money Creation
254. Reading: How Banks Create Money
255. Reading: Money Creation
256. Outcome: The Federal Reserve
257. Reading: The Federal Reserve Banking System and Central Banks
258. Reading: The Money Multiplier and a Multi-Bank System
259. Outcome: Defining Monetary Policy
260. Reading: Monetary Policy
261. Reading: Goals of Monetary Policy
262. Reading: Tools of Monetary Policy
263. Outcome: Interest Rates
264. Reading: Defining Interest Rates
265. Reading: Federal Funds, Prime, and Discount Interest Rates
266. Outcome: The Equilibrium Rate
267. Reading: Demand and Supply in Financial Markets
268. Reading: The Demand for Money
269. Outcome: Open Market Operations
270. Reading: Monetary Policy and Interest Rates
271. Outcome: Monetary Policy and GDP
272. Reading: Monetary Policy and Aggregate Demand
273. Glossary: Monetary Policy
274. Putting It Together: Monetary Policy
275. Why It Matters: Policy Application
276. Outcome: Keynesian Policy Prescriptions
277. Reading: Keynesian View on Changes in Government Spending and Taxation
278. Reading: Liquidity Trap
279. Reading: The Expenditure Multiplier
280. Reading: Crowding Out
281. Outcome: Neoclassical Policy Prescriptions
282. Reading: Effects of Tax and Spending Policy from a Neoclassical Perspective
283. Reading: Supply-Side Economics
284. Reading: Policy Implications of the Neoclassical Perspective: Policy Lags
285. Reading: Policy Implications: No Phillips Curve Tradeoff
286. Reading: New Classical Economics and Rational Expectations
287. Reading: Ricardian Equivalence: How Government Borrowing Affects Private Saving
288. Reading: Policy Implications: Inflation, Recession, and Unemployment
289. Outcome: Real World Macro Policy Options
290. Reading: Introduction to Real World Macro Policy Options
291. Reading: Lessons from the 1970s
292. Reading: Crowding Out Revisited
293. Reading: Practical Problems with Discretionary Fiscal Policy
294. Putting It Together: Policy Application
295. Glossary: Policy Application
296. Why It Matters: Globalization, Trade and Finance
297. Outcome: Comparative and Absolute Advantage
298. Reading: Introduction to International Trade
299. Reading: Absolute and Comparative Advantage
300. Reading: Absolute Advantage
301. Reading: Intra-Industry Trade
302. Reading: Reducing Barriers to Trade
303. Outcome: Impact of International Trade
304. Reading: Demand and Supply Analysis of International Trade
305. Outcome: Impact of Government Regulations
306. Reading: Restrictions on International Trade
307. Reading: Justifications for Trade Restriction
308. Video: Types of Trade Restrictions
309. Case in Point: Outsourcing, Insourcing, and Employment
310. Outcome: Trade Policy and Agreements
311. Reading: The Tradeoffs of Trade Policy
312. Reading: How Trade Policy Is Enacted
313. Videos: Trade Agreements
314. Self Check: Trade Policy and Agreements
315. Outcome: Exchange Rates and International Finance
316. Reading: Exchange Rates and International Capital Flows
317. Reading: The Foreign Exchange Market
318. Reading: Strengthening and Weakening Currency
319. Reading: Demand and Supply Shifts in Foreign Exchange Markets
320. Outcome: The Balance of Trade
321. Reading: Macroeconomic Effects of Exchange Rates
322. Reading: Exchange-Rate Policies
323. Outcome: Globalization
324. Reading: Introduction to Globalization
325. Reading: Trade Winds
326. Simulation: International Trade
327. Putting It Together: Globalization, Trade and Finance
328. Self Check: Globalization
329. Glossary: International Trade
330. Information Items
331. Khan Academy: Economics Explained
332. About the Discussions
333. Information Items Module 2
334. Module 1 Re-cap
335. Khan Academy: Supply and Demand Explained
336. Diamond-Water Paradox
337. Turkey Prices
338. Cheat Sheet
339. Information Items
340. Module 2 Re-cap
341. Khan Acadamy: Taxes Explained
342. Discussion: Social Security
343. U.S. Debt Clock
344. Module 3 Re-cap
345. Khan Academy: GDP Explained
346. Information Items
347. Information Items
348. Module 4 Re-cap
349. Khan Academy: Inflation Explained
350. Value of the Minimum Wage
351. Aggregate Demand/Aggregate Supply
352. Figuring out a price index
353. Information Items
354. Module 5 Re-cap
355. Khan Academy: Money and Banking Explained
356. Module 6 Re-cap
357. Information Items
358. Information Items
359. Khan Academy: Foreign Exchange and Trade Explained
360. You will "appreciate" this help
References
Attributions
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“Original document by Peter Turner licensed CC BY”
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