{"id":5,"date":"2019-01-08T22:47:52","date_gmt":"2019-01-08T22:47:52","guid":{"rendered":"https:\/\/courses.lumenlearning.com\/atd-alamo-macroeconomics\/2019\/01\/08\/chapter-1\/"},"modified":"2019-01-08T22:53:11","modified_gmt":"2019-01-08T22:53:11","slug":"chapter-1","status":"web-only","type":"chapter","link":"https:\/\/courses.lumenlearning.com\/atd-alamo-macroeconomics\/chapter\/chapter-1\/","title":{"raw":"Course Map","rendered":"Course Map"},"content":{"raw":"Course map created by Rolando Sanchez, Alamo Colleges\r\n\r\nDownload the Excel version here<\/a>.\r\n\r\nhttps:\/\/openstax.org\/details\/books\/principles-macroeconomics-2e<\/a>\r\n\r\nAll assessments are from the OpenStax text and resources.\r\n\r\n\r\n\r\n\r\n\r\n\r\n\r\n\r\n\r\n\r\n\r\n\r\n\r\n\r\n\r\n\r\n\r\n\r\n\r\n\r\n\r\n\r\n\r\n\r\n\r\n\r\n\r\n
1. Explain the role of scarcity, specialization, opportunity cost and cost\/benefit analysis in economic decision-making. <\/span><\/td>\r\nScarcity<\/span><\/td>\r\nChapter 1 - Welcome to Economics<\/td>\r\n<\/tr>\r\n
<\/td>\r\nOpportunity Cost<\/span><\/td>\r\nChapter 2 - Choices in a World of Scarcity<\/td>\r\n<\/tr>\r\n
<\/td>\r\nMarginal Analysis<\/span><\/td>\r\nChapter 2 - Choices in a World of Scarcity<\/td>\r\n<\/tr>\r\n
2. Identify the determinants of supply and demand; demonstrate the impact of shifts in both market supply and demand curves on equilibrium price and output.<\/td>\r\nDemand<\/td>\r\nChapter 3 - Demand and Supply<\/td>\r\n<\/tr>\r\n
<\/td>\r\nSupply<\/td>\r\nChapter 3 - Demand and Supply<\/td>\r\n<\/tr>\r\n
<\/td>\r\nEquilibrium<\/td>\r\nChapter 3 - Demand and Supply<\/td>\r\n<\/tr>\r\n
3. Define and measure national income and rates of unemployment and inflation<\/td>\r\nGross Domestic Product<\/td>\r\nChapter 6 - The Macroeconomic Perspective; Chapter 7 - Economic Growth<\/td>\r\n<\/tr>\r\n
<\/td>\r\nUnemployment Rate<\/td>\r\nChapter 8 - Unemployment<\/td>\r\n<\/tr>\r\n
<\/td>\r\nInflation Rate<\/td>\r\nChapter 9 - Inflation<\/td>\r\n<\/tr>\r\n
4. Identify the phases of the business cycle and the problems caused by cyclical fluctuations in the market economy.<\/td>\r\nBusiness Cycle<\/td>\r\nChapter 6 - The Macroeconomic Perspective; Chapter 7 - Economic Growth<\/td>\r\n<\/tr>\r\n
<\/td>\r\nPotential GDP<\/td>\r\nChapter 6 - The Macroeconomic Perspective; Chapter 7 - Economic Growth<\/td>\r\n<\/tr>\r\n
<\/td>\r\nNatural Unemployment<\/td>\r\nChapter 8 - Unemployment<\/td>\r\n<\/tr>\r\n
5. Define money and the money supply; describe the process of money creation by the banking system and the role of the central bank.<\/td>\r\nMoney Creation Process<\/td>\r\nChapter 14 - Money and Banking<\/td>\r\n<\/tr>\r\n
<\/td>\r\nFederal Reserve System<\/td>\r\nChapter 14 - Money and Banking<\/td>\r\n<\/tr>\r\n
<\/td>\r\nTools of Federal Reserve<\/td>\r\nChapter 14 - Money and Banking<\/td>\r\n<\/tr>\r\n
6. Construct the aggregate demand and aggregate supply model of the macro economy and use it to illustrate macroeconomic problems and potential monetary and fiscal policy solutions.<\/td>\r\nAD-AS Model<\/td>\r\nChapter 11 - The Aggregate Demand\/Aggregate Supply Model<\/td>\r\n<\/tr>\r\n
<\/td>\r\nFiscal Policy<\/td>\r\nChapter 17 - Government Budgets and Fiscal Policy; Chapter 18 - The Impacts of Government Borrowing<\/td>\r\n<\/tr>\r\n
<\/td>\r\nMonetary Policy<\/td>\r\nChapter 15 - Monetary Policy and Bank Regulation<\/td>\r\n<\/tr>\r\n
7. Explain the mechanics and institutions of international trade and their impact on the macro economy.<\/td>\r\nComparative Advantage<\/td>\r\nChapter 10 - The International Trade and Capital Flows; Chapter 16 - Exchange Rates and International Capital Flows; Chapter 20 - International Trade; Chapter 21 - Globalization and Protectionism<\/td>\r\n<\/tr>\r\n
<\/td>\r\nFree Trade vs. Protection<\/td>\r\nChapter 10 - The International Trade and Capital Flows; Chapter 16 - Exchange Rates and International Capital Flows; Chapter 20 - International Trade; Chapter 21 - Globalization and Protectionism<\/td>\r\n<\/tr>\r\n
<\/td>\r\nInternational Trade Restrictions<\/td>\r\nChapter 10 - The International Trade and Capital Flows; Chapter 16 - Exchange Rates and International Capital Flows; Chapter 20 - International Trade; Chapter 21 - Globalization and Protectionism<\/td>\r\n<\/tr>\r\n
8. Define economic growth and identify sources of economic growth.<\/td>\r\nEconomic Growth Rates<\/td>\r\nChapter 7 - Economic Growth; Chapter 19 - Macroeconomic Policy Around the World<\/td>\r\n<\/tr>\r\n
<\/td>\r\nEconomic Growth Theories<\/td>\r\nChapter 7 - Economic Growth; Chapter 12 - The Keynesian Perspective; Chapter 13 - The Neoclassical Perspective; Chapter 19 - Macroeconomic Policy Around the World<\/td>\r\n<\/tr>\r\n
<\/td>\r\nComparative Advantage<\/td>\r\nChapter 10 - The International Trade and Capital Flows; Chapter 16 - Exchange Rates and International Capital Flows; Chapter 20 - International Trade; Chapter 21 - Globalization and Protectionism<\/td>\r\n<\/tr>\r\n
ALL ASSESSMENTS ARE FROM THE OPENSTAX TEXT AND RESOURCES<\/strong><\/td>\r\n<\/td>\r\n<\/td>\r\n<\/tr>\r\n<\/tbody>\r\n<\/table>","rendered":"

Course map created by Rolando Sanchez, Alamo Colleges<\/p>\n

Download the Excel version here<\/a>.<\/p>\n

https:\/\/openstax.org\/details\/books\/principles-macroeconomics-2e<\/a><\/p>\n

All assessments are from the OpenStax text and resources.<\/p>\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
1. Explain the role of scarcity, specialization, opportunity cost and cost\/benefit analysis in economic decision-making. <\/span><\/td>\nScarcity<\/span><\/td>\nChapter 1 – Welcome to Economics<\/td>\n<\/tr>\n
<\/td>\nOpportunity Cost<\/span><\/td>\nChapter 2 – Choices in a World of Scarcity<\/td>\n<\/tr>\n
<\/td>\nMarginal Analysis<\/span><\/td>\nChapter 2 – Choices in a World of Scarcity<\/td>\n<\/tr>\n
2. Identify the determinants of supply and demand; demonstrate the impact of shifts in both market supply and demand curves on equilibrium price and output.<\/td>\nDemand<\/td>\nChapter 3 – Demand and Supply<\/td>\n<\/tr>\n
<\/td>\nSupply<\/td>\nChapter 3 – Demand and Supply<\/td>\n<\/tr>\n
<\/td>\nEquilibrium<\/td>\nChapter 3 – Demand and Supply<\/td>\n<\/tr>\n
3. Define and measure national income and rates of unemployment and inflation<\/td>\nGross Domestic Product<\/td>\nChapter 6 – The Macroeconomic Perspective; Chapter 7 – Economic Growth<\/td>\n<\/tr>\n
<\/td>\nUnemployment Rate<\/td>\nChapter 8 – Unemployment<\/td>\n<\/tr>\n
<\/td>\nInflation Rate<\/td>\nChapter 9 – Inflation<\/td>\n<\/tr>\n
4. Identify the phases of the business cycle and the problems caused by cyclical fluctuations in the market economy.<\/td>\nBusiness Cycle<\/td>\nChapter 6 – The Macroeconomic Perspective; Chapter 7 – Economic Growth<\/td>\n<\/tr>\n
<\/td>\nPotential GDP<\/td>\nChapter 6 – The Macroeconomic Perspective; Chapter 7 – Economic Growth<\/td>\n<\/tr>\n
<\/td>\nNatural Unemployment<\/td>\nChapter 8 – Unemployment<\/td>\n<\/tr>\n
5. Define money and the money supply; describe the process of money creation by the banking system and the role of the central bank.<\/td>\nMoney Creation Process<\/td>\nChapter 14 – Money and Banking<\/td>\n<\/tr>\n
<\/td>\nFederal Reserve System<\/td>\nChapter 14 – Money and Banking<\/td>\n<\/tr>\n
<\/td>\nTools of Federal Reserve<\/td>\nChapter 14 – Money and Banking<\/td>\n<\/tr>\n
6. Construct the aggregate demand and aggregate supply model of the macro economy and use it to illustrate macroeconomic problems and potential monetary and fiscal policy solutions.<\/td>\nAD-AS Model<\/td>\nChapter 11 – The Aggregate Demand\/Aggregate Supply Model<\/td>\n<\/tr>\n
<\/td>\nFiscal Policy<\/td>\nChapter 17 – Government Budgets and Fiscal Policy; Chapter 18 – The Impacts of Government Borrowing<\/td>\n<\/tr>\n
<\/td>\nMonetary Policy<\/td>\nChapter 15 – Monetary Policy and Bank Regulation<\/td>\n<\/tr>\n
7. Explain the mechanics and institutions of international trade and their impact on the macro economy.<\/td>\nComparative Advantage<\/td>\nChapter 10 – The International Trade and Capital Flows; Chapter 16 – Exchange Rates and International Capital Flows; Chapter 20 – International Trade; Chapter 21 – Globalization and Protectionism<\/td>\n<\/tr>\n
<\/td>\nFree Trade vs. Protection<\/td>\nChapter 10 – The International Trade and Capital Flows; Chapter 16 – Exchange Rates and International Capital Flows; Chapter 20 – International Trade; Chapter 21 – Globalization and Protectionism<\/td>\n<\/tr>\n
<\/td>\nInternational Trade Restrictions<\/td>\nChapter 10 – The International Trade and Capital Flows; Chapter 16 – Exchange Rates and International Capital Flows; Chapter 20 – International Trade; Chapter 21 – Globalization and Protectionism<\/td>\n<\/tr>\n
8. Define economic growth and identify sources of economic growth.<\/td>\nEconomic Growth Rates<\/td>\nChapter 7 – Economic Growth; Chapter 19 – Macroeconomic Policy Around the World<\/td>\n<\/tr>\n
<\/td>\nEconomic Growth Theories<\/td>\nChapter 7 – Economic Growth; Chapter 12 – The Keynesian Perspective; Chapter 13 – The Neoclassical Perspective; Chapter 19 – Macroeconomic Policy Around the World<\/td>\n<\/tr>\n
<\/td>\nComparative Advantage<\/td>\nChapter 10 – The International Trade and Capital Flows; Chapter 16 – Exchange Rates and International Capital Flows; Chapter 20 – International Trade; Chapter 21 – Globalization and Protectionism<\/td>\n<\/tr>\n
ALL ASSESSMENTS ARE FROM THE OPENSTAX TEXT AND RESOURCES<\/strong><\/td>\n<\/td>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n","protected":false},"author":5797,"menu_order":1,"template":"","meta":{"_candela_citation":"[]","CANDELA_OUTCOMES_GUID":"","pb_show_title":"","pb_short_title":"","pb_subtitle":"","pb_authors":[],"pb_section_license":""},"chapter-type":[47],"contributor":[],"license":[],"class_list":["post-5","chapter","type-chapter","status-web-only","hentry","chapter-type-standard"],"part":25,"_links":{"self":[{"href":"https:\/\/courses.lumenlearning.com\/atd-alamo-macroeconomics\/wp-json\/pressbooks\/v2\/chapters\/5","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/courses.lumenlearning.com\/atd-alamo-macroeconomics\/wp-json\/pressbooks\/v2\/chapters"}],"about":[{"href":"https:\/\/courses.lumenlearning.com\/atd-alamo-macroeconomics\/wp-json\/wp\/v2\/types\/chapter"}],"author":[{"embeddable":true,"href":"https:\/\/courses.lumenlearning.com\/atd-alamo-macroeconomics\/wp-json\/wp\/v2\/users\/5797"}],"version-history":[{"count":3,"href":"https:\/\/courses.lumenlearning.com\/atd-alamo-macroeconomics\/wp-json\/pressbooks\/v2\/chapters\/5\/revisions"}],"predecessor-version":[{"id":24,"href":"https:\/\/courses.lumenlearning.com\/atd-alamo-macroeconomics\/wp-json\/pressbooks\/v2\/chapters\/5\/revisions\/24"}],"part":[{"href":"https:\/\/courses.lumenlearning.com\/atd-alamo-macroeconomics\/wp-json\/pressbooks\/v2\/parts\/25"}],"metadata":[{"href":"https:\/\/courses.lumenlearning.com\/atd-alamo-macroeconomics\/wp-json\/pressbooks\/v2\/chapters\/5\/metadata\/"}],"wp:attachment":[{"href":"https:\/\/courses.lumenlearning.com\/atd-alamo-macroeconomics\/wp-json\/wp\/v2\/media?parent=5"}],"wp:term":[{"taxonomy":"chapter-type","embeddable":true,"href":"https:\/\/courses.lumenlearning.com\/atd-alamo-macroeconomics\/wp-json\/pressbooks\/v2\/chapter-type?post=5"},{"taxonomy":"contributor","embeddable":true,"href":"https:\/\/courses.lumenlearning.com\/atd-alamo-macroeconomics\/wp-json\/wp\/v2\/contributor?post=5"},{"taxonomy":"license","embeddable":true,"href":"https:\/\/courses.lumenlearning.com\/atd-alamo-macroeconomics\/wp-json\/wp\/v2\/license?post=5"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}