This macroeconomics course prepares students to think like economists and analyze decisions made by individuals, businesses, and governments. Students will learn about the key macroeconomic indicators of GDP, unemployment, and inflation, then apply these concepts to analyze economic behavior. Content coverage includes choice and scarcity; supply and demand; elasticity; applications of supply and demand; elasticity; gdp and economic growth; unemployment and inflation; the aggregate demand-aggregate supply model; Keynesian economics and neoclassical economics; the income-expenditure model; fiscal policy; money and banking; monetary policy; policy applications; globalization and trade; exchange rates and international finance.<\/p>\r\n\r\n
This macroeconomics course prepares students to think like economists and analyze decisions made by individuals, businesses, and governments. Students will learn about the key macroeconomic indicators of GDP, unemployment, and inflation, then apply these concepts to analyze economic behavior. Content coverage includes choice and scarcity; supply and demand; elasticity; applications of supply and demand; elasticity; gdp and economic growth; unemployment and inflation; the aggregate demand-aggregate supply model; Keynesian economics and neoclassical economics; the income-expenditure model; fiscal policy; money and banking; monetary policy; policy applications; globalization and trade; exchange rates and international finance.<\/p>\n
We believe in making continuous improvements to our courses in order to enhance and facilitate student learning. This newest version of the course includes a vast number of data-driven improvements to assessment questions and text content in order to better illustrate, clarify, and evaluate concepts.<\/p>\n
This new edition of Waymaker Macroeconomics includes significant improvements and enhancements:<\/p>\n
Several topics proved to be consistently difficult for the thousands of students who took a Waymaker Economics course during Fall 2017. We have made specific improvements to address these difficult topics, several of which are explained below:<\/p>\n
In December 2021, live FRED data graphs with live economic data from the Federal Reserve were added to the following locations in the course:<\/p>\n
This course, based on OpenStax Principles of Economics<\/a>, includes additional noteworthy contributions by the Lumen Learning team and:<\/p>\n Primary Content Authors<\/strong> Acknowledgments<\/strong> Lumen Learning courseware is based on open educational resources (OER). When we can find well designed, effective OER that are appropriately licensed, we use them in our courseware. When we can\u2019t find pre-existing OER, we create original content and license it as OER (under a Creative Commons Attribution license).<\/p>\n Lumen\u2019s authoring process doesn\u2019t end when our courseware is released. Our choice to adopt open educational resources means that we have the copyright permissions necessary to engage in continuous improvement of our learning content. Consequently, our courses are continually being revised and updated. Errata reported for our courseware are fixed in a matter of days, as opposed to the traditional model in which errors persist until the next \u201cedition\u201d is printed (often a year or more). Students and faculty can suggest improvements to our courses directly from within the courseware as they use it. And we conduct regular analyses to determine where students are struggling the most in our courseware, and make improvements that specifically target these areas.<\/p>\n Given our unique approach, our list of authors and other contributors may look different than the lists you are used to seeing. We provide both a list of the primary content authors (the people involved in the initial creation of the course) and a list of everyone who has contributed suggestions and other improvements to the course since it was first released. We invite you to join us as we create courseware that supports student learning more effectively each semester.<\/p>\n If you\u2019d like to connect with us to learn more about adopting this course, please\u00a0Contact Us<\/a>.<\/p>\n You can also make an appointment<\/a>\u00a0for OER Office Hours<\/a> to connect virtually with a live Lumen expert about any question you may have.<\/p>\n\n\t\t\t
\nSteve Greenlaw, University of Mary Washington
\nSophie Haci, Houston Community College
\nMelissa Walker, Nashville State Community College
\nVeronika Dolar, SUNY Old Westbury
\nMichael Fusillo, Tufts University
\nShawn Kilpatrick, Northeastern University
\nJennifer Pakula, Saddleback College
\nClark Aldrich, Contributor<\/p>\n
\nThis book has benefited from the contributions of many people, including\u00a0Somaiya Ahmed,\u00a0Shakia Anthony,\u00a0Devon Cunningham, Jason Davoli, Christopher Dempewolf, Mariam Elgueta, Eric Fries,\u00a0Timothy Foltz, Fernando Gomez, Ami Gorley,\u00a0Becky Gregory,\u00a0Daniel Isaac Hanson,\u00a0Debbie Huber,\u00a0Christian Kameir,\u00a0Amelia Kulzer,\u00a0Lindsay Lahargoue,\u00a0Kevin Loo,\u00a0Angela Maehren,\u00a0Skeeter Makepeace,\u00a0Gabrielle Mattoon,\u00a0Ariadna Moore, Christopher Mountenay,\u00a0Kellie Murphy, Justin Nesbit, Lily Peltz, Matthew Potter, Grace Scherer, Jason Schreur, Jt Sibok, Olivia Smaldone,\u00a0Zachary Sparks, , Noel Strader, Jake Truong-Jones, and Mike Zavala.<\/p>\nAbout Lumen<\/h2>\n
Candela Citations<\/h3>\n\t\t\t\t\t