About This Course

Note: for a newer version of the course, please visit https://courses.lumenlearning.com/wmopen-macroeconomics/

Understanding the basics of economic theory is undeniably advantageous to students. Whether preparing for further study in economics, the social sciences, or business, students need to build a strong economic foundation upon the most topical material available. Through open course materials designed to get students thinking like economists, this course uses real-world examples to explore how firms make economic choices. The course begins by orienting students to economic basics such as modeling with graphing and algebra.

Key topics in macroeconomics include GDP and unemployment, inflation and price indexes, the business cycle, economic growth, the AS-AD model, Keynesian and Neoclassical Economics, fiscal and monetary policy, and globalization. Faculty members may readily adapt the course’s OER content to include their own resources and material or modify modules and topics to reflect new and fascinating questions facing economists.

This course, based on OpenStax Principles of Economics, was developed by Steve Greenlaw and Lumen Learning, with contributing work from Clark Aldrich and Jennifer Pakula.

Faculty members may readily adapt the course’s OER content to include their own resources and material or modify modules and topics to reflect new and fascinating questions facing economists.

About Lumen

Lumen Learning’s mission is to make great learning opportunities available to all students, regardless of socioeconomic background.

We do this by using open educational resources (OER) to create well-designed and low-cost course materials that replace expensive textbooks. Because learning is about more than affordability and access, we also apply learning science insights and efficacy research to develop learning activities that are engineered to improve subject mastery, course completion and retention.

If you’d like to connect with us to learn more about adopting this course, please Contact Us.

You can also make an appointment for OER Office Hours to connect virtually with a live Lumen expert about any question you may have. Available 2-5 pm ET / 11-2 pm PT Monday through Friday.