OpenStax Principles of Economics

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Principles of Economics

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Principles of Economics covers scope and sequence requirements for a two-semester introductory economics course. The authors take a balanced approach to micro- and macroeconomics, to both Keynesian and classical views, and to the theory and application of economics concepts. The text also includes many current examples, which are handled in a politically equitable way. 

Material Type: Textbook

Authors: Amyaz Moledina, Andres Jauregui, Craig Richardson, Cynthia Gamez, Dan MacDonald, David Shapiro, Diane Keenan, Eric Dodge, Ralph Sonenshine, Steven Greenlaw, Timothy Taylor

Supply and Demand Experiment

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This interactive and collaborative activity asks students to estimate the demand of a product (pizza) based on different prices. Instructors can upload the materials to their own Google drives and run the experiment repeatedly to generate new data and demonstrate trends. This resource was developed by Birjees Ashraf, Sophie Haci, Renee Edwards, and Charles Hackner.

Material Type: Activity/Lab

Author: Anthony Palmiotto

Price Elasticity of Demand Experiment

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This interactive and collaborative activity asks students to first react to price changes and then analyze the results. Instructors can upload the materials to their own Google drives and run the experiment repeatedly to generate new data and demonstrate trends. This resource was developed by Birjees Ashraf, Sophie Haci, Renee Edwards, and Charles Hackner.

Material Type: Activity/Lab

Author: Anthony Palmiotto