Course Modules: OpenStax Microeconomics

Landing Page

Landing Page Landing Page

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Welcome to Economics - Micro Welcome to Economics - Micro 1

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Welcome to Economics - Micro (Alternative Front Page) Welcome to Economics - Micro (Alternative Front Page) 2

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INSTRUCTORS: Read This First!

INSTRUCTORS: Read This First! INSTRUCTORS: Read This First!

Context Module Sub Header

Customization Support 1

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How to Use This Sample Course Shell How to Use This Sample Course Shell 2

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Do You Have Existing Course Content? Do You Have Existing Course Content? 3

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One-Stop Resource Page One-Stop Resource Page 4

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Canvas Course Commons Canvas Course Commons 5

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Interested in "Total Reading Time" Pills? & Other HTML Styles? Interested in "Total Reading Time" Pills? & Other HTML Styles? 6

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Module Overview Sample Module Overview Sample 7

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Context Module Sub Header

Textbook 8

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Textbook Info and Additional Resources Textbook Info and Additional Resources 9

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Context Module Sub Header

Other Helpful Resources 10

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How to Record Your Welcome Video How to Record Your Welcome Video 11

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Welcoming the Students Before the Course Starts Welcoming the Students Before the Course Starts 12

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Context Module Sub Header

Accessibility Support 13

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Accessibility Disclaimer to Faculty Accessibility Disclaimer to Faculty 14

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Self-Paced Accessibility Course Self-Paced Accessibility Course 15

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Captioning All Videos Captioning All Videos 16

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Getting Started (SAMPLE)

Getting Started (SAMPLE) Getting Started (SAMPLE)

Context Module Sub Header

Welcome! 1

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About Your Instructor About Your Instructor 2

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Being Successful in this Course Being Successful in this Course 3

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Assignment

Update Your Canvas Profile Update Your Canvas Profile 0 4

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Context Module Sub Header

Textbook 5

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Textbook & Additional Resources Textbook & Additional Resources 6

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Context Module Sub Header

Student Support & Resources 7

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Using the Canvas LMS Using the Canvas LMS 8

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Student Support Services Student Support Services 9

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Online Learning Resources Online Learning Resources 10

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Tech Services & Computer Resources Tech Services & Computer Resources 11

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Canvas Orientation (If you're new to Canvas)

Canvas Orientation (If you're new to Canvas) Canvas Orientation (If you're new to Canvas)

Context Module Sub Header

Set-Up to be Successful! 1

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External Url

Update Your Canvas Profile Update Your Canvas Profile 2

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External Url

Set Your Notification Preferencess Set Your Notification Preferencess 3

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Context Module Sub Header

Quick Canvas Guide Links 4

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External Url

Canvas Student Guides - Table of Contents Canvas Student Guides - Table of Contents 5

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External Url

View Your Grades View Your Grades 6

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External Url

Submitting an Online Assignment Submitting an Online Assignment 7

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External Url

Using the Canvas In Box (Conversations) Using the Canvas In Box (Conversations) 8

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External Url

Using Canvas on Your Mobile Device Using Canvas on Your Mobile Device 9

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Chapter 1

Chapter 1 Chapter 1

Context Module Sub Header

Chapter Readings 1

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External Url

1 Introduction 1 Introduction 2

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External Url

1.1 What Is Economics, and Why Is It Important? 1.1 What Is Economics, and Why Is It Important? 3

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External Url

1.2 Microeconomics and Macroeconomics 1.2 Microeconomics and Macroeconomics 4

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External Url

1.3 How Economists Use Theories and Models to Understand Economic Issues 1.3 How Economists Use Theories and Models to Understand Economic Issues 5

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External Url

1.4 How To Organize Economies: An Overview of Economic Systems 1.4 How To Organize Economies: An Overview of Economic Systems 6

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Chapter 2

Chapter 2 Chapter 2

Context Module Sub Header

Chapter Readings 1

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External Url

2 Introduction to Choice in a World of Scarcity 2 Introduction to Choice in a World of Scarcity 2

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External Url

2.1 How Individuals Make Choices Based on Their Budget Constraint 2.1 How Individuals Make Choices Based on Their Budget Constraint 3

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External Url

2.2 The Production Possibilities Frontier and Social Choices 2.2 The Production Possibilities Frontier and Social Choices 4

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External Url

2.3 Confronting Objections to the Economic Approach 2.3 Confronting Objections to the Economic Approach 5

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Chapter 3

Chapter 3 Chapter 3

Context Module Sub Header

Chapter Readings 1

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External Url

3 Introduction to Demand and Supply 3 Introduction to Demand and Supply 2

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External Url

3.1 Demand, Supply, and Equilibrium in Markets for Goods and Services 3.1 Demand, Supply, and Equilibrium in Markets for Goods and Services 3

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External Url

3.2 Shifts in Demand and Supply for Goods and Services 3.2 Shifts in Demand and Supply for Goods and Services 4

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External Url

3.3 Changes in Equilibrium Price and Quantity: The Four-Step Process 3.3 Changes in Equilibrium Price and Quantity: The Four-Step Process 5

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External Url

3.4 Price Ceilings and Price Floors 3.4 Price Ceilings and Price Floors 6

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External Url

3.5 Demand, Supply, and Efficiency 3.5 Demand, Supply, and Efficiency 7

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Chapter 4

Chapter 4 Chapter 4

Context Module Sub Header

Chapter Readings 1

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External Url

4 Introduction to Labor and Financial Markets 4 Introduction to Labor and Financial Markets 2

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4.1 Demand and Supply at Work in Labor Markets 4.1 Demand and Supply at Work in Labor Markets 3

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4.2 Demand and Supply in Financial Markets 4.2 Demand and Supply in Financial Markets 4

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4.3 The Market System as an Efficient Mechanism for Information 4.3 The Market System as an Efficient Mechanism for Information 5

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Chapter 5

Chapter 5 Chapter 5

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5 Introduction to Elasticity 5 Introduction to Elasticity 2

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5.1 Price Elasticity of Demand and Price Elasticity of Supply 5.1 Price Elasticity of Demand and Price Elasticity of Supply 3

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5.2 Polar Cases of Elasticity and Constant Elasticity 5.2 Polar Cases of Elasticity and Constant Elasticity 4

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5.3 Elasticity and Pricing 5.3 Elasticity and Pricing 5

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5.4 Elasticity in Areas Other Than Price 5.4 Elasticity in Areas Other Than Price 6

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Chapter 6

Chapter 6 Chapter 6

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6 Introduction to Consumer Choices 6 Introduction to Consumer Choices 2

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6.1 Consumption Choices 6.1 Consumption Choices 3

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6.2 How Changes in Income and Prices Affect Consumption Choices 6.2 How Changes in Income and Prices Affect Consumption Choices 4

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6.3 Behavioral Economics: An Alternative Framework for Consumer Choice 6.3 Behavioral Economics: An Alternative Framework for Consumer Choice 5

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Chapter 7

Chapter 7 Chapter 7

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7 Introduction to Production, Costs, and Industry Structure 7 Introduction to Production, Costs, and Industry Structure 2

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7.1 Explicit and Implicit Costs, and Accounting and Economic Profit 7.1 Explicit and Implicit Costs, and Accounting and Economic Profit 3

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7.2 Production in the Short Run 7.2 Production in the Short Run 4

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7.3 Costs in the Short Run 7.3 Costs in the Short Run 5

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7.4 Production in the Long Run 7.4 Production in the Long Run 6

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7.5 Costs in the Long Run 7.5 Costs in the Long Run 7

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Chapter 8

Chapter 8 Chapter 8

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8 Introduction to Perfect Competition 8 Introduction to Perfect Competition 2

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8.1 Perfect Competition and Why It Matters 8.1 Perfect Competition and Why It Matters 3

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8.2 How Perfectly Competitive Firms Make Output Decisions 8.2 How Perfectly Competitive Firms Make Output Decisions 4

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8.3 Entry and Exit Decisions in the Long Run 8.3 Entry and Exit Decisions in the Long Run 5

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8.4 Efficiency in Perfectly Competitive Markets 8.4 Efficiency in Perfectly Competitive Markets 6

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Chapter 9

Chapter 9 Chapter 9

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9 Introduction to a Monopoly 9 Introduction to a Monopoly 2

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9.1 How Monopolies Form: Barriers to Entry 9.1 How Monopolies Form: Barriers to Entry 3

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9.2 How a Profit-Maximizing Monopoly Chooses Output and Price 9.2 How a Profit-Maximizing Monopoly Chooses Output and Price 4

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Chapter 10

Chapter 10 Chapter 10

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10 Introduction to Monopolistic Competition and Oligopoly 10 Introduction to Monopolistic Competition and Oligopoly 2

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10.1 Monopolistic Competition 10.1 Monopolistic Competition 3

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10.2 Oligopoly 10.2 Oligopoly 4

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Chapter 11

Chapter 11 Chapter 11

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11 Introduction to Monopoly and Antitrust Policy 11 Introduction to Monopoly and Antitrust Policy 2

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11.1 Corporate Mergers 11.1 Corporate Mergers 3

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11.2 Regulating Anticompetitive Behavior 11.2 Regulating Anticompetitive Behavior 4

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11.3 Regulating Natural Monopolies 11.3 Regulating Natural Monopolies 5

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11.4 The Great Deregulation Experiment 11.4 The Great Deregulation Experiment 6

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Chapter 12

Chapter 12 Chapter 12

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12 Introduction to Environmental Protection and Negative Externalities 12 Introduction to Environmental Protection and Negative Externalities 2

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12.1 The Economics of Pollution 12.1 The Economics of Pollution 3

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12.2 Command-and-Control Regulation 12.2 Command-and-Control Regulation 4

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12.3 Market-Oriented Environmental Tools 12.3 Market-Oriented Environmental Tools 5

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12.4 The Benefits and Costs of U.S. Environmental Laws 12.4 The Benefits and Costs of U.S. Environmental Laws 6

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12.5 International Environmental Issues 12.5 International Environmental Issues 7

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12.6 The Tradeoff between Economic Output and Environmental Protection 12.6 The Tradeoff between Economic Output and Environmental Protection 8

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Chapter 13

Chapter 13 Chapter 13

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13 Introduction to Positive Externalities and Public Goods 13 Introduction to Positive Externalities and Public Goods 2

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13.1 Why the Private Sector Underinvests in Innovation 13.1 Why the Private Sector Underinvests in Innovation 3

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13.2 How Governments Can Encourage Innovation 13.2 How Governments Can Encourage Innovation 4

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13.3 Public Goods 13.3 Public Goods 5

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Chapter 14

Chapter 14 Chapter 14

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14 Introduction to Labor Markets and Income 14 Introduction to Labor Markets and Income 2

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14.1 The Theory of Labor Markets 14.1 The Theory of Labor Markets 3

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14.2 Wages and Employment in an Imperfectly Competitive Labor Market 14.2 Wages and Employment in an Imperfectly Competitive Labor Market 4

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14.3 Market Power on the Supply Side of Labor Markets: Unions 14.3 Market Power on the Supply Side of Labor Markets: Unions 5

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14.4 Bilateral Monopoly 14.4 Bilateral Monopoly 6

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14.5 Employment Discrimination 14.5 Employment Discrimination 7

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14.6 Immigration 14.6 Immigration 8

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Chapter 15

Chapter 15 Chapter 15

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15 Introduction to Poverty and Economic Inequality 15 Introduction to Poverty and Economic Inequality 2

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15.1 Drawing the Poverty Line 15.1 Drawing the Poverty Line 3

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15.2 The Poverty Trap 15.2 The Poverty Trap 4

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15.3 The Safety Net 15.3 The Safety Net 5

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15.4 Income Inequality: Measurement and Causes 15.4 Income Inequality: Measurement and Causes 6

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15.5 Government Policies to Reduce Income Inequality 15.5 Government Policies to Reduce Income Inequality 7

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Chapter 16

Chapter 16 Chapter 16

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16 Introduction to Information, Risk, and Insurance 16 Introduction to Information, Risk, and Insurance 2

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16.1 The Problem of Imperfect Information and Asymmetric Information 16.1 The Problem of Imperfect Information and Asymmetric Information 3

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16.2 Insurance and Imperfect Information 16.2 Insurance and Imperfect Information 4

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Chapter 17

Chapter 17 Chapter 17

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17 Introduction to Financial Markets 17 Introduction to Financial Markets 2

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17.1 How Businesses Raise Financial Capital 17.1 How Businesses Raise Financial Capital 3

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17.2 How Households Supply Financial Capital 17.2 How Households Supply Financial Capital 4

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17.3 How to Accumulate Personal Wealth 17.3 How to Accumulate Personal Wealth 5

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Chapter 18

Chapter 18 Chapter 18

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Chapter Readings 1

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18 Introduction to Public Economy 18 Introduction to Public Economy 2

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18.1 Voter Participation and Costs of Elections 18.1 Voter Participation and Costs of Elections 3

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18.2 Special Interest Politics 18.2 Special Interest Politics 4

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18.3 Flaws in the Democratic System of Government 18.3 Flaws in the Democratic System of Government 5

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Chapter 19

Chapter 19 Chapter 19

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19 Introduction to International Trade 19 Introduction to International Trade 2

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19.1 Absolute and Comparative Advantage 19.1 Absolute and Comparative Advantage 3

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19.2 What Happens When a Country Has an Absolute Advantage in All Goods 19.2 What Happens When a Country Has an Absolute Advantage in All Goods 4

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19.3 Intra-industry Trade between Similar Economies 19.3 Intra-industry Trade between Similar Economies 5

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19.4 The Benefits of Reducing Barriers to International Trade 19.4 The Benefits of Reducing Barriers to International Trade 6

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Chapter 20

Chapter 20 Chapter 20

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20 Introduction to Globalization and Protectionism 20 Introduction to Globalization and Protectionism 2

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20.1 Protectionism: An Indirect Subsidy from Consumers to Producers 20.1 Protectionism: An Indirect Subsidy from Consumers to Producers 3

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20.2 International Trade and Its Effects on Jobs, Wages, and Working Conditions 20.2 International Trade and Its Effects on Jobs, Wages, and Working Conditions 4

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20.3 Arguments in Support of Restricting Imports 20.3 Arguments in Support of Restricting Imports 5

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20.4 How Governments Enact Trade Policy: Globally, Regionally, and Nationally 20.4 How Governments Enact Trade Policy: Globally, Regionally, and Nationally 6

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20.5 The Tradeoffs of Trade Policy 20.5 The Tradeoffs of Trade Policy 7

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Additional Readings

Additional Readings Additional Readings

External Url

The Use of Mathematics in Principles of Economics The Use of Mathematics in Principles of Economics 1

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Indifference Curves Indifference Curves 2

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Present Discounted Value Present Discounted Value 3

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