{"id":68,"date":"2018-10-28T03:39:23","date_gmt":"2018-10-28T07:39:23","guid":{"rendered":"https:\/\/opentextbooks.concordia.ca\/disciplineguide2\/chapter\/economics-2-2\/"},"modified":"2024-05-16T10:58:13","modified_gmt":"2024-05-16T14:58:13","slug":"economics-2-2","status":"publish","type":"chapter","link":"https:\/\/opentextbooks.concordia.ca\/oerbydiscipline2\/chapter\/economics-2-2\/","title":{"raw":"Economics","rendered":"Economics"},"content":{"raw":"<h2 style=\"text-align: left\"><img class=\"alignnone wp-image-1201\" src=\"http:\/\/opentextbooks.concordia.ca\/oerbydiscipline2\/wp-content\/uploads\/sites\/48\/2024\/05\/ver2-280x300.png\" alt=\"\" width=\"55\" height=\"59\" \/> \u00a0Open Textbooks and Concordia Courses<\/h2>\r\n<table style=\"border-collapse: collapse;width: 100%;height: 166px\" border=\"0\">\r\n<thead>\r\n<tr style=\"height: 75px\">\r\n<td style=\"width: 60.0515%;height: 61px\"><strong>Open Textbook Title<\/strong><\/td>\r\n<td style=\"width: 39.9485%;height: 61px\"><strong>Potentially Relevant Courses<\/strong><\/td>\r\n<\/tr>\r\n<\/thead>\r\n<tbody>\r\n<tr class=\"shaded\" style=\"height: 50px\">\r\n<td style=\"width: 60.0515%;height: 15px\">Macroeconomics 1-2<\/td>\r\n<td style=\"width: 39.9485%;height: 15px\">ECON 200, ECON 203<\/td>\r\n<\/tr>\r\n<tr style=\"height: 50px\">\r\n<td style=\"width: 60.0515%;height: 15px\">Microeconomics 1-2<\/td>\r\n<td style=\"width: 39.9485%;height: 15px\">ECON 201, ECON 301<\/td>\r\n<\/tr>\r\n<tr class=\"shaded\" style=\"height: 50px\">\r\n<td style=\"width: 60.0515%;height: 15px\">Economics (Openstax)<\/td>\r\n<td style=\"width: 39.9485%;height: 15px\">ECON 200, ECON 201, ECON 203, ECON 301<\/td>\r\n<\/tr>\r\n<tr style=\"height: 50px\">\r\n<td style=\"width: 60.0515%;height: 15px\">CORE: The Economy<\/td>\r\n<td style=\"width: 39.9485%;height: 15px\">ECON 200, ECON 201, ECON 203, ECON 251<\/td>\r\n<\/tr>\r\n<tr class=\"shaded\" style=\"height: 50px\">\r\n<td style=\"width: 60.0515%;height: 15px\">Principles of Macroeconomic Literacy<\/td>\r\n<td style=\"width: 39.9485%;height: 15px\">ECON 200, ECON 203<\/td>\r\n<\/tr>\r\n<tr style=\"height: 50px\">\r\n<td style=\"width: 60.0515%;height: 15px\">Introductory Business Statistics (Openstax)<\/td>\r\n<td style=\"width: 39.9485%;height: 15px\">ECON 221, ECON 222<\/td>\r\n<\/tr>\r\n<tr class=\"shaded\" style=\"height: 50px\">\r\n<td style=\"width: 60.0515%;height: 15px\">Applied Calculus (Openstax)<\/td>\r\n<td style=\"width: 39.9485%;height: 15px\">ECON 325, ECON 425<\/td>\r\n<\/tr>\r\n<\/tbody>\r\n<\/table>\r\n<h2 style=\"text-align: left\"><img class=\"alignnone wp-image-1201\" src=\"http:\/\/opentextbooks.concordia.ca\/oerbydiscipline2\/wp-content\/uploads\/sites\/48\/2024\/05\/ver2-280x300.png\" alt=\"\" width=\"55\" height=\"59\" \/> \u00a0Description and Access<\/h2>\r\n<h4>Macroeconomics<\/h4>\r\n<h3>Macroeconomics Volume 1 and Volume 2<\/h3>\r\n<a href=\"https:\/\/openlibrary.ecampusontario.ca\/catalogue\/item\/?id=c5381da2-4129-43d1-ae0b-843529aee0ff\" target=\"_blank\" rel=\"noopener\">Volume 1<\/a> concepts: principles of macroeconomics\r\n\r\n<a href=\"https:\/\/www.merlot.org\/merlot\/viewMaterial.htm?id=1370289\" target=\"_blank\" rel=\"noopener\">Volume 2<\/a> concepts: theories, models and policy\r\n\r\nUniversity macroeconomics: Lyryx has been successfully adopted, was developed by professors of economics from American institutions and emphasizes the connection between application and theory.\r\n\r\n<strong>Includes<\/strong>: instructor resources, student resources, examples, exercises, solutions, summaries, and simulations\r\n\r\n<strong>May suit:<\/strong> <em>ECON 200, ECON 203<\/em>\r\n<h4>Microeconomics<\/h4>\r\n<h3>Microeconomics 1-2<\/h3>\r\n<a href=\"https:\/\/openlibrary.ecampusontario.ca\/catalogue\/item\/?id=2c524756-e7fd-47e1-9dc8-e9398a935150\" target=\"_blank\" rel=\"noopener\">Volume 1<\/a> concepts: principles of microeconomics\r\n\r\n<a href=\"https:\/\/www.merlot.org\/merlot\/viewMaterial.htm?id=1370291\" target=\"_blank\" rel=\"noopener\">Volume 2<\/a> concepts: markets, methods, and models\r\n\r\nUniversity microeconomics: Lyryx has been successfully adopted, was developed by professors of physics from American institutions and emphasizes the connection between application and theory.\r\n\r\n<strong>Includes<\/strong>: instructor resources, student resources, examples, exercises, solutions, summaries, and simulations\r\n\r\n<strong>May suit:<\/strong> <em>ECON 201, ECON 301<\/em>\r\n<h4>Economics<\/h4>\r\n<h3><a href=\"https:\/\/openstax.org\/details\/books\/principles-economics-2e?Book%20details\" target=\"_blank\" rel=\"noopener\">Economics (Openstax)<\/a><\/h3>\r\nThis economics text has been positively-reviewed and has been successfully adopted by other faculty. It covers introductory concepts in economics, from elasticity to inflation.\r\n\r\n<strong>Includes<\/strong>: instructor resources, student resources, applications, summaries, exercises, solutions, and group activities\r\n\r\n<strong>May suit:<\/strong> <em>ECON 200, ECON 201, ECON 203, ECON 301<\/em>\r\n<h3><a href=\"http:\/\/www.core-econ.org\/the-economy\/\" target=\"_blank\" rel=\"noopener\">CORE: The Economy<\/a><\/h3>\r\nThis open textbook (available in English and in French) functions as a standard introduction-to-economics text\r\n\r\n<strong>Includes:\u00a0<\/strong>student resources, open textbook\r\n\r\n<strong>May suit:<\/strong> <em>ECON 200, ECON 201, ECON 203, ECON 251<\/em>\r\n<h3><a href=\"https:\/\/ung.edu\/university-press\/books\/principles-of-macroeconomic-literacy.php\" target=\"_blank\" rel=\"noopener\">Principles of Macroeconomic Literacy<\/a><\/h3>\r\nPrinciples 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.\r\n\r\n<strong>Includes: <\/strong>student resources, applications, summaries, exercises, and solutions\r\n\r\n<strong>May suit: <\/strong><em>ECON 200, ECON 203<\/em>\r\n<h4>Business Stats<\/h4>\r\n<h3><a href=\"https:\/\/openstax.org\/details\/books\/introductory-business-statistics\" target=\"_blank\" rel=\"noopener\">Introductory Business Statistics (Openstax)<\/a><\/h3>\r\nThis 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.\r\n\r\n<strong>Includes<\/strong>: instructor resources, student resources, applications, summaries, exercises, solutions, and group activities\r\n\r\n<strong>May suit:<\/strong> <em>ECON 221, ECON 222<\/em>\r\n<h4>Econ Calc<\/h4>\r\n<h3><a href=\"https:\/\/courses.lumenlearning.com\/suny-appliedcalculus\/chapter\/applied-calculus-hoffman-calaway-lippman-pdf-text\/\" target=\"_blank\" rel=\"noopener\">Applied Calculus (Openstax)<\/a><\/h3>\r\nThis Lumen Learning covers all of the concepts of first-year calculus with a balance of application and theory.\r\n\r\n<strong>Includes<\/strong>: problem-solving guides, examples, videos, applications, problems, selected solutions, and summaries\r\n\r\n<strong>May suit:<\/strong> <em>ECON 325, ECON 425<\/em>\r\n\r\n&nbsp;\r\n\r\n&nbsp;\r\n\r\n&nbsp;","rendered":"<h2 style=\"text-align: left\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone wp-image-1201\" src=\"http:\/\/opentextbooks.concordia.ca\/oerbydiscipline2\/wp-content\/uploads\/sites\/48\/2024\/05\/ver2-280x300.png\" alt=\"\" width=\"55\" height=\"59\" srcset=\"https:\/\/opentextbooks.concordia.ca\/oerbydiscipline2\/wp-content\/uploads\/sites\/48\/2024\/05\/ver2-280x300.png 280w, https:\/\/opentextbooks.concordia.ca\/oerbydiscipline2\/wp-content\/uploads\/sites\/48\/2024\/05\/ver2-65x70.png 65w, https:\/\/opentextbooks.concordia.ca\/oerbydiscipline2\/wp-content\/uploads\/sites\/48\/2024\/05\/ver2-225x241.png 225w, https:\/\/opentextbooks.concordia.ca\/oerbydiscipline2\/wp-content\/uploads\/sites\/48\/2024\/05\/ver2.png 300w\" sizes=\"auto, (max-width: 55px) 100vw, 55px\" \/> \u00a0Open Textbooks and Concordia Courses<\/h2>\n<table style=\"border-collapse: collapse;width: 100%;height: 166px\">\n<thead>\n<tr style=\"height: 75px\">\n<td style=\"width: 60.0515%;height: 61px\"><strong>Open Textbook Title<\/strong><\/td>\n<td style=\"width: 39.9485%;height: 61px\"><strong>Potentially Relevant Courses<\/strong><\/td>\n<\/tr>\n<\/thead>\n<tbody>\n<tr class=\"shaded\" style=\"height: 50px\">\n<td style=\"width: 60.0515%;height: 15px\">Macroeconomics 1-2<\/td>\n<td style=\"width: 39.9485%;height: 15px\">ECON 200, ECON 203<\/td>\n<\/tr>\n<tr style=\"height: 50px\">\n<td style=\"width: 60.0515%;height: 15px\">Microeconomics 1-2<\/td>\n<td style=\"width: 39.9485%;height: 15px\">ECON 201, ECON 301<\/td>\n<\/tr>\n<tr class=\"shaded\" style=\"height: 50px\">\n<td style=\"width: 60.0515%;height: 15px\">Economics (Openstax)<\/td>\n<td style=\"width: 39.9485%;height: 15px\">ECON 200, ECON 201, ECON 203, ECON 301<\/td>\n<\/tr>\n<tr style=\"height: 50px\">\n<td style=\"width: 60.0515%;height: 15px\">CORE: The Economy<\/td>\n<td style=\"width: 39.9485%;height: 15px\">ECON 200, ECON 201, ECON 203, ECON 251<\/td>\n<\/tr>\n<tr class=\"shaded\" style=\"height: 50px\">\n<td style=\"width: 60.0515%;height: 15px\">Principles of Macroeconomic Literacy<\/td>\n<td style=\"width: 39.9485%;height: 15px\">ECON 200, ECON 203<\/td>\n<\/tr>\n<tr style=\"height: 50px\">\n<td style=\"width: 60.0515%;height: 15px\">Introductory Business Statistics (Openstax)<\/td>\n<td style=\"width: 39.9485%;height: 15px\">ECON 221, ECON 222<\/td>\n<\/tr>\n<tr class=\"shaded\" style=\"height: 50px\">\n<td style=\"width: 60.0515%;height: 15px\">Applied Calculus (Openstax)<\/td>\n<td style=\"width: 39.9485%;height: 15px\">ECON 325, ECON 425<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<h2 style=\"text-align: left\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone wp-image-1201\" src=\"http:\/\/opentextbooks.concordia.ca\/oerbydiscipline2\/wp-content\/uploads\/sites\/48\/2024\/05\/ver2-280x300.png\" alt=\"\" width=\"55\" height=\"59\" srcset=\"https:\/\/opentextbooks.concordia.ca\/oerbydiscipline2\/wp-content\/uploads\/sites\/48\/2024\/05\/ver2-280x300.png 280w, https:\/\/opentextbooks.concordia.ca\/oerbydiscipline2\/wp-content\/uploads\/sites\/48\/2024\/05\/ver2-65x70.png 65w, https:\/\/opentextbooks.concordia.ca\/oerbydiscipline2\/wp-content\/uploads\/sites\/48\/2024\/05\/ver2-225x241.png 225w, https:\/\/opentextbooks.concordia.ca\/oerbydiscipline2\/wp-content\/uploads\/sites\/48\/2024\/05\/ver2.png 300w\" sizes=\"auto, (max-width: 55px) 100vw, 55px\" \/> \u00a0Description and Access<\/h2>\n<h4>Macroeconomics<\/h4>\n<h3>Macroeconomics Volume 1 and Volume 2<\/h3>\n<p><a href=\"https:\/\/openlibrary.ecampusontario.ca\/catalogue\/item\/?id=c5381da2-4129-43d1-ae0b-843529aee0ff\" target=\"_blank\" rel=\"noopener\">Volume 1<\/a> concepts: principles of macroeconomics<\/p>\n<p><a href=\"https:\/\/www.merlot.org\/merlot\/viewMaterial.htm?id=1370289\" target=\"_blank\" rel=\"noopener\">Volume 2<\/a> concepts: theories, models and policy<\/p>\n<p>University macroeconomics: Lyryx has been successfully adopted, was developed by professors of economics from American institutions and emphasizes the connection between application and theory.<\/p>\n<p><strong>Includes<\/strong>: instructor resources, student resources, examples, exercises, solutions, summaries, and simulations<\/p>\n<p><strong>May suit:<\/strong> <em>ECON 200, ECON 203<\/em><\/p>\n<h4>Microeconomics<\/h4>\n<h3>Microeconomics 1-2<\/h3>\n<p><a href=\"https:\/\/openlibrary.ecampusontario.ca\/catalogue\/item\/?id=2c524756-e7fd-47e1-9dc8-e9398a935150\" target=\"_blank\" rel=\"noopener\">Volume 1<\/a> concepts: principles of microeconomics<\/p>\n<p><a href=\"https:\/\/www.merlot.org\/merlot\/viewMaterial.htm?id=1370291\" target=\"_blank\" rel=\"noopener\">Volume 2<\/a> concepts: markets, methods, and models<\/p>\n<p>University microeconomics: Lyryx has been successfully adopted, was developed by professors of physics from American institutions and emphasizes the connection between application and theory.<\/p>\n<p><strong>Includes<\/strong>: instructor resources, student resources, examples, exercises, solutions, summaries, and simulations<\/p>\n<p><strong>May suit:<\/strong> <em>ECON 201, ECON 301<\/em><\/p>\n<h4>Economics<\/h4>\n<h3><a href=\"https:\/\/openstax.org\/details\/books\/principles-economics-2e?Book%20details\" target=\"_blank\" rel=\"noopener\">Economics (Openstax)<\/a><\/h3>\n<p>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.<\/p>\n<p><strong>Includes<\/strong>: instructor resources, student resources, applications, summaries, exercises, solutions, and group activities<\/p>\n<p><strong>May suit:<\/strong> <em>ECON 200, ECON 201, ECON 203, ECON 301<\/em><\/p>\n<h3><a href=\"http:\/\/www.core-econ.org\/the-economy\/\" target=\"_blank\" rel=\"noopener\">CORE: The Economy<\/a><\/h3>\n<p>This open textbook (available in English and in French) functions as a standard introduction-to-economics text<\/p>\n<p><strong>Includes:\u00a0<\/strong>student resources, open textbook<\/p>\n<p><strong>May suit:<\/strong> <em>ECON 200, ECON 201, ECON 203, ECON 251<\/em><\/p>\n<h3><a href=\"https:\/\/ung.edu\/university-press\/books\/principles-of-macroeconomic-literacy.php\" target=\"_blank\" rel=\"noopener\">Principles of Macroeconomic Literacy<\/a><\/h3>\n<p>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.<\/p>\n<p><strong>Includes: <\/strong>student resources, applications, summaries, exercises, and solutions<\/p>\n<p><strong>May suit: <\/strong><em>ECON 200, ECON 203<\/em><\/p>\n<h4>Business Stats<\/h4>\n<h3><a href=\"https:\/\/openstax.org\/details\/books\/introductory-business-statistics\" target=\"_blank\" rel=\"noopener\">Introductory Business Statistics (Openstax)<\/a><\/h3>\n<p>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.<\/p>\n<p><strong>Includes<\/strong>: instructor resources, student resources, applications, summaries, exercises, solutions, and group activities<\/p>\n<p><strong>May suit:<\/strong> <em>ECON 221, ECON 222<\/em><\/p>\n<h4>Econ Calc<\/h4>\n<h3><a href=\"https:\/\/courses.lumenlearning.com\/suny-appliedcalculus\/chapter\/applied-calculus-hoffman-calaway-lippman-pdf-text\/\" target=\"_blank\" rel=\"noopener\">Applied Calculus (Openstax)<\/a><\/h3>\n<p>This Lumen Learning covers all of the concepts of first-year calculus with a balance of application and theory.<\/p>\n<p><strong>Includes<\/strong>: problem-solving guides, examples, videos, applications, problems, selected solutions, and summaries<\/p>\n<p><strong>May suit:<\/strong> <em>ECON 325, ECON 425<\/em><\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"author":1,"menu_order":2,"template":"","meta":{"pb_show_title":"on","pb_short_title":"","pb_subtitle":"","pb_authors":[],"pb_section_license":"cc-by"},"chapter-type":[],"contributor":[],"license":[52],"class_list":["post-68","chapter","type-chapter","status-publish","hentry","license-cc-by"],"part":64,"_links":{"self":[{"href":"https:\/\/opentextbooks.concordia.ca\/oerbydiscipline2\/wp-json\/pressbooks\/v2\/chapters\/68","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/opentextbooks.concordia.ca\/oerbydiscipline2\/wp-json\/pressbooks\/v2\/chapters"}],"about":[{"href":"https:\/\/opentextbooks.concordia.ca\/oerbydiscipline2\/wp-json\/wp\/v2\/types\/chapter"}],"author":[{"embeddable":true,"href":"https:\/\/opentextbooks.concordia.ca\/oerbydiscipline2\/wp-json\/wp\/v2\/users\/1"}],"version-history":[{"count":19,"href":"https:\/\/opentextbooks.concordia.ca\/oerbydiscipline2\/wp-json\/pressbooks\/v2\/chapters\/68\/revisions"}],"predecessor-version":[{"id":1225,"href":"https:\/\/opentextbooks.concordia.ca\/oerbydiscipline2\/wp-json\/pressbooks\/v2\/chapters\/68\/revisions\/1225"}],"part":[{"href":"https:\/\/opentextbooks.concordia.ca\/oerbydiscipline2\/wp-json\/pressbooks\/v2\/parts\/64"}],"metadata":[{"href":"https:\/\/opentextbooks.concordia.ca\/oerbydiscipline2\/wp-json\/pressbooks\/v2\/chapters\/68\/metadata\/"}],"wp:attachment":[{"href":"https:\/\/opentextbooks.concordia.ca\/oerbydiscipline2\/wp-json\/wp\/v2\/media?parent=68"}],"wp:term":[{"taxonomy":"chapter-type","embeddable":true,"href":"https:\/\/opentextbooks.concordia.ca\/oerbydiscipline2\/wp-json\/pressbooks\/v2\/chapter-type?post=68"},{"taxonomy":"contributor","embeddable":true,"href":"https:\/\/opentextbooks.concordia.ca\/oerbydiscipline2\/wp-json\/wp\/v2\/contributor?post=68"},{"taxonomy":"license","embeddable":true,"href":"https:\/\/opentextbooks.concordia.ca\/oerbydiscipline2\/wp-json\/wp\/v2\/license?post=68"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}