3 Economics

Applied Calculus (Openstax)

This Lumen Learning covers all of the concepts of first-year calculus with a balance of application and theory.

Includes: problem-solving guides, examples, videos, applications, problems, selected solutions, and summaries.

CORE: The Economy

This open textbook (available in English and in French) functions as a standard introduction-to-economics text.

Economics (Openstax)

This economics text has been positively-reviewed and has been successfully adopted by other faculty. It covers introductory concepts in economics, from elasticity to inflation.

Includes: instructor resources, student resources, applications, summaries, exercises, solutions, and group activities.

Introductory Business Statistics (Openstax)

This statistics text has been positively-reviewed and has been successfully adopted by other faculty. It covers introductory concepts in business statistics, from probability to confidence intervals.

Includes: instructor resources, student resources, applications, summaries, exercises, solutions, and group activities.

Macroeconomics 1-2

Volume 1 concepts: principles of macroeconomics

Volume 2 concepts: theories, models and policy

University macroeconomics: Lyryx has been successfully adopted, was developed by professors of economics from American institutions and emphasizes the connection between application and theory.

Includes: instructor resources, student resources, examples, exercises, solutions, summaries, and simulations.

Microeconomics 1-2

Volume 1 concepts: principles of microeconomics

Volume 2 concepts: markets, methods, and models

University microeconomics: Lyryx has been successfully adopted, was developed by professors of physics from American institutions and emphasizes the connection between application and theory.

Includes: instructor resources, student resources, examples, exercises, solutions, summaries, and simulations

 

Principles of Economics

Description: Published by OpenStax College, Principles of Economics covers the scope and sequence for a two-semester principles of economics course. The text also includes many current examples, including; discussions on the great recession, the controversy among economists over the Affordable Care Act (Obamacare), the recent government shutdown, and the appointment of the United States’ first female Federal Reserve chair, Janet Yellen. The pedagogical choices, chapter arrangements, and learning objective fulfillment were developed and vetted with feedback from educators dedicated to the project. The outcome is a balanced approach to micro and macro economics, to both Keynesian and classical views, and to the theory and application of economics concepts. Current events are treated in a politically-balanced way, as well.

Principles of Economics

Description: This book is intended for a two-semester course in Economics taught out of the social sciences or business school. Principles of Economics aims to teach considerable range and depth of Economic concepts through an approachable style and methodology. The authors take a three-pronged approach to every chapter: The concept is covered with a “Heads Up” to ward off confusion, a real-world application for that concept, and a “You Try It” section to make sure students are staying on top of the concept. For questions about this textbook please contact textbookuse@umn.edu

Principles of Economics: Scarcity and Social Provisioning, 2nd Edition

Description: Welcome to Principles of Economics: Scarcity and Social Provisioning, a pluralistic textbook designed for two-semester principles of economics sequences.  We are calling this the second edition of the text, though the first addition covered only the microeconomics side.

Principles of Economics: Scarcity and Social Provisioning takes a pluralistic approach to the standard topics of introductory economics courses.  The text builds on the chiefly neoclassical (or orthodox economics) material of the OpenStax Principles of Economics text, adding extensive content from heterodox economic thought.  Emphasizing the importance of pluralism and critical thinking, the text presents the method and theory of neoclassical economics alongside critiques thereof and heterodox alternatives in both method and theory.  This approach is taken from the outset of the text, where contrasting definitions of economics are discussed in the context of the various ways in which orthodox and heterodox economists study the subject.  The same approach–of theory and method, critique, and alternative theory and method–is taken in the study of consumption, production, market exchange, macroeconomic equilibrium, fiscal and monetary policy, as well as in the applied theory chapters.  Historical and contemporary examples are given throughout, and both theory and application are presented with a balanced approach.

Principles of Macroeconomics

Description: Published by OpenStax College, Principles of Macroeconomics covers the scope and sequence for a one-semester economics course. The text also includes many current examples, including: the housing bubble and housing crisis, Zimbabwe’s hyperinflation, global unemployment, and the appointment of the United States’ first female Federal Reserve chair, Janet Yellen. The pedagogical choices, chapter arrangements, and learning objective fulfillment were developed and vetted with feedback from educators dedicated to the project. The outcome is a balanced approach to economics, to both Keynesian and classical views, and to the theory and application of economics concepts. Current events are treated in a politically-balanced way, as well.

Principles of Macroeconomics

Description: The goal of this textbook is to help students understand how real individuals actually work with economics. In this textbook, the authors illustrate the practicality and relevance of economics with a variety of new illustrations and insights. For questions about this textbook please contact textbookuse@umn.edu

Principles of Macroeconomic Literacy

Principles of Macroeconomic Literacy emphasizes basic economic concepts such as value and cost in developing macroeconomic ideas. Students learn concepts involving credit markets, economic planning, and money through short fictional stories in which characters interact in an attempt to make themselves better off. Where many texts put the student in the position of an imagined macroeconomic policy dictator, Principles of Macroeconomic Literacy attempts to make macroeconomics comprehensible to students who live everyday.

Principles of Macroeconomics: Lyryx

Description: Principles of Macroeconomics is an adaptation of the text, Macroeconomics: Theory, Markets, and Policy by D. Curtis and I. Irvine (and edited by Lyryx Learning), and presents a complete and concise examination of introductory macroeconomics theory and policy suitable for a first introductory course. Examples are domestic and international in their subject matter and are of the modern era — financial markets, monetary and fiscal policies aimed at inflation and debt control, globalization and the importance of trade flows in economic structure, and concerns about slow growth and the risk of deflation, are included. This text is intended for a one-semester course, and can be used in a two-semester sequence with the companion text, Principles of Microeconomics. The three introductory chapters are common to both books.

Principles of Microeconomics

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Description: Published by OpenStax College, Principles of Microeconomics covers the scope and sequence for a one-semester economics course. The text also includes many current examples, including; the Keystone Pipeline, Occupy Wall Street, and debates over the minimum wage. The pedagogical choices, chapter arrangements, and learning objective fulfillment were developed and vetted with feedback from educators dedicated to the project. The outcome is a balanced approach to economics and to the theory and application of economics concepts. Current events are treated in a politically-balanced way, as well.

Principles of Microeconomics: Lyryx

Description: Principles of Microeconomics is an adaptation of the text, Microeconomics: Markets, Methods, and Models by D. Curtis and I. Irvine (and edited by Lyryx Learning), which provides concise yet complete coverage of introductory microeconomic theory, application and policy in a Canadian and global environment. This adaptation employs methods that use equations sparingly and do not utilize calculus. The key issues in most chapters are analyzed by introducing a numerical example or case study at the outset. Students are introduced immediately to the practice of taking a data set, examining it numerically, plotting it, and again analyzing the material in that form. The end-of-chapter problems involve numerical and graphical analysis, and a small number of problems in each chapter involve solving simple linear equations (intersecting straight lines). However, a sufficient number of questions is provided for the student to test understanding of the material without working through that subset of questions. This text is intended for a one-semester course, and can be used in a two-semester sequence with the companion text, Principles of Macroeconomics. The three introductory chapters are common to both books.

Techniques of Calculus 1

Description: The study of calculus is the study of change. Since change is all around us, calculus is one of the most applied topics in mathematics. In this course, we will use calculus methods to investigate many topics in economics, physical and biological sciences and social science fields. After a brief pre-calculus review, we will cover derivatives and rates of change, followed by a discussion of integration. Real world applications will be emphasized to allow us to see the use of calculus methods to solve examples from business, management, social science, etc. From these two basic concepts of differentiation and integration, calculus techniques can be applied to solve advanced problems in many fields.

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