Courses
ECONOHelper is grounded in Dr. Ray's course materials, OpenStax Principles of Economics 3e, and — for online sections — McConnell, Brue & Flynn.
OpenStax Principles of Economics 3e is free to read online or download: Get the free book from OpenStax
ECO 2013
Principles of Macroeconomics
National income, economic growth, business cycles, unemployment, inflation, the aggregate expenditure and AD–AS models, fiscal policy, deficits and debt, money, banking, and monetary policy. Module 8 on international trade is supplemental.
Course learning outcomes
- Recognize that all decisions happen in an environment of scarcity.
- Examine how changes in aggregate measurements relate to economic performance.
- Recognize the relationships between the components of the national income accounts.
- Analyze theory and evidence on fiscal and monetary policy.
- Identify and examine theories of long-term economic growth.
Texts
- Online sections: McConnell, Brue & Flynn, Economics: Principles, Problems, and Policies
- Open companion text: OpenStax, Principles of Economics 3e
Online section schedule (McConnell chapters)
Week 1–2 · Module 1: Introduction
Ch. 1 Limits, Alternatives, and Choices; Ch. 2 The Market System and the Circular Flow
Practice Quiz 1, Study Guide 1, Homework 1, Discussion 1 (Circular Flow), Exam 1
Week 3–4 · Module 2: Domestic Output and National Income
Ch. 26 An Introduction to Macroeconomics; Ch. 27 Measuring Domestic Output and National Income
Practice Quiz 2, Study Guide 2, Homework 2, Project 1 (Biggest Economic Problem), Exam 2
Week 5–6 · Module 3: Economic Growth, Unemployment, and Inflation
Ch. 28 Economic Growth; Ch. 29 Business Cycles, Unemployment, and Inflation
Practice Quiz 3, Study Guide 3, Homework 3, Project 2 (News Articles), Exam 3
Week 7–8 · Module 4: Aggregate Expenditures (AE) Model
Ch. 31 The Aggregate Expenditures Model
Practice Quiz 4, Study Guide 4, Homework 4, Project 3 (Source Analysis), Exam 4
Week 9–10 · Module 5: Aggregate Demand and Aggregate Supply
Ch. 32 Aggregate Demand and Aggregate Supply
Practice Quiz 5, Study Guide 5, Homework 5, Project 4 (Peer Critique), Exam 5
Week 11–12 · Module 6: Fiscal Policy
Ch. 33 Fiscal Policy, Deficits, and Debt
Practice Quiz 6, Study Guide 6, Homework 6, Discussion 4 (U.S. Debt), Final Project draft, Exam 6
Week 13–14 · Module 7: Money, Banking, and Monetary Policy
Ch. 34 Money, the Federal Reserve, and Interest Rates; Ch. 35 Monetary Policy
Practice Quiz 7, Study Guide 7, Homework 7, Final Research Project, Exam 7
Week 15 · Final Exam
Comprehensive: Ch. 1–2, 26–35
Final Exam (Honorlock)
Week 16 · Extra Credit (optional)
Ch. 39 International Trade
Homework 8 (International Economics)
Due dates and full instructions are in Canvas.
ECO 2023
Principles of Microeconomics
Supply and demand, elasticity, market structures, price determination, factors of production, income distribution, and the effects of monopoly and oligopoly on markets.
Course learning outcomes
- Apply global, social and cultural perspectives to analyze human behavior.
- Define basic microeconomic variables.
- Analyze supply and demand in everyday activities.
- Compare the decision-making of consumers and firms.
- Contrast and evaluate the features of different market structures.
Texts
- Online sections: McConnell, Brue & Flynn, Economics: Principles, Problems, and Policies
- Open companion text: OpenStax, Principles of Economics 3e
Online section schedule (McConnell chapters)
Week 1–3 · Module 1: Introduction
Ch. 1 Limits, Alternatives, and Choices; Ch. 2 The Market System and the Circular Flow
PPF Graphs Assignment, Module 1 Quizzes, Circular Flow Internet Search
Week 4–6 · Module 2: Government Role in the Economy
Ch. 4 Market Failures; Ch. 5 Public Goods and Cost Benefit Analysis
Calculating Consumer Surplus, Module 2 Quizzes, Exam 1
Week 7–10 · Module 3: Demand, Supply, and Elasticity
Ch. 3 Demand, Supply, and Market Equilibrium; Ch. 6 Elasticity
Supply & Demand Graphs, Module 3 Quizzes, Disney Elasticity, Egg Prices Discussion, Exam 2
Week 11–14 · Module 4: Costs, Pure Competition & Monopolistic Competition
Ch. 9 Costs of Production; Ch. 10 Pure Competition; Ch. 11 Pure Monopoly; Ch. 12 Monopolistic Competition; Ch. 13 Oligopoly; Ch. 21 Antitrust
Cost Curve, Pure Competition, Monopolistic Competition and Monopoly graph assignments, Oligopoly Kinked Demand assessment, Module 4 Quizzes, Exam 3
Week 15 · Module 5: Financial Literacy
Ch. 8 Behavioral Economics + Canvas readings
Behavioral Economics Discussion, Ch. 8 Quiz, financial literacy quizzes, Crossword
Week 16 · Final Exam
Comprehensive: Ch. 1–3, 6, 9–13
Final Exam Study Guide (extra credit), Final Exam (Honorlock)
Due dates and full instructions are in Canvas.