This is a set of hyperlinked mindmaps, including textual notes, images and hyperlinks, starting with Economic Environment of business. Reading the files requires the free MindManager viewer software, which is available for a variety of platforms. Previews of a couple of mind maps are available as PDFs, with reduced functionality.
Subjects in Principles of Macroeconomics
This is a free and open set of course materials released by the Saylor Foundation, an educational charity, under a CC-BY licence, having been reviewed by three subject-matter experts. It is based on other free resources including Khan Academy videos. The material is arranged into ten units, each with readings, video and in some cases assessment materials.
This department's YouTube channel has around a hundred videos, organised into playlists about international economics, macro principles, intermediate macro, and statistics for social and behavioural sciences.
Hundreds of videos (mostly in English, but some in Afrikaans) on economic principles. Some are in chalk-and-talk format, while others use narrated animation. They are organised by topic into playlists. The most popular videos are the Keynesian multiplier, the IS-LM model, and absolute and comparative advantage.
This textbook is both freely available and extensively peer-reviewed. Its 23 chapters aim to cover a one-semester course. It claims "a balanced approach to economics, to both Keynesian and classical views, and to the theory and application of economics concepts." Though officially published in March 2014, it has had updates to reflect current events. Its US origin is reflected in the choice of examples. It can be freely downloaded or viewed in a variety of formats, and an interactive version is available through the Apple iBookstore. A test bank, set of PowerPoint slides, and solutions booklet are available to lecturers on request.
Interactive version of the 5-sector circular flow of income diagram. Clicking on areas of the diagram brings up a graph of current and recent ONS data for that aspect of the UK economy. The diagram can be embedded on other web sites and the underlying data can be downloaded as a CSV.
This is an archive of over 100 graphics constructed by the ONS, free to use under the Open Government Licence. Each focuses on making a few headline statistics or trends visible and colourful. Economic themes include the economic health of regions of the UK; trade statistics; the labour market; taxation; benefits; house prices. Social trends are also addressed by some of the graphics.
While most are drawn from data for a recent year, a few give a very long-term view, for example "170 years of industrial change across England and Wales" and "A Century of Home Ownership and Renting in England and Wales";
Nearly two hundred terms are given short, one-line defintions, with links to graphs or articles for further explanation.
About two dozen short animated lectures and online slide shows for micro and macroeconomics. The slides are in a Flash format which does not allow editing, but allows readers to step through and recap. They use animation to build up graphs and show their interrelation.
An open online textbook, divided into 38 chapters, drawn from various open educational sources including MIT Open CouseWare and Wikipedia, and curated by "subject matter experts, like professors, PhDs and Master’s students." One section deals with controversies in economics (with a US focus), such as "should the Government maintain a balanced budget?" Readers with a free login can highlight parts of the text, add notes, or access quizzes or flashcards. The site's FAQ says that paid-for services will be introduced on top of the free access and tools that are already offered.
A podcast series about the credit crunch and global recession featuring three Oxford academics. This series examines how the current crisis developed, analyses market and government responses to it, and looks at what might happen next. Eight audio files are available with most programmes lasting around 30 minutes.
10 lectures by US economists downloadable as streamed video or MP3 audio presentations, with accompanying PowerPoint slides and related papers that pursue the issues in more depth. Two lectures are on growth (Dean Baker, Mark Weisbrot), others on US labour markets (John Schmitt), women in the labour market (Heather Boushey), trade (Mark Weisbrot), intergenerational mobility and life chances (Heather Boushey), the Federal Reserve, asset bubbles and intellectual property (all Dean Baker). The lectures are US-focused and reflect the sometimes market-critical perspective of the Center for Economic Policy and Research, a think-tank founded by Baker and Weisbrot in 1999 with an advisory board including Joseph Stiglitz and Robert Solow (not to be confused with the UK-based Centre for Economic Policy Research).
The Crisis of Credit is an 11 minute animation explaining the origins of the credit crunch in the United States. It covers the interaction of homeowners, mortgage lenders, investors and financial institutions that produced the global financial crisis. It provides simple explanations of a number of complex terms and systems, delivering an effective introduction to the topic. Users will need a Flash based video player to watch the animation.
This collection of videos covers financial markets, econometrics, markets and macroeconomics. It includes videos from Yale, European events and other economists. Videos typically last 30 minutes to an hour and often take the form of lectures or conference discussions.
This is a collection of more than three dozen short YouTube videos, featuring narrated drawings and slides, to illustrate basic concepts in macroeconomics.
Welker's Wikinomics is a set of online resources for teachers and students of International Baccalaureate Economics. The video resources include around 100 video tutorials of about ten minutes each, uploaded during 2012. They use a narrated-diagram format to explain concepts in basic micro-, macro- and international economics. Each category also has flashcards, a glossary and worksheets.
Economystified is a blog, updated weekly, which began in December 2010. Each post discusses an economic issue, an economist, or a principle of economic theory, aimed at a lay audience.
FreeVideoLectures brings together videos of economics courses from Universities such as Yale and Berkeley, as well as online providers like the Khan Academy. They are arranged by topics, including: international economics, trade, game theory, history of economic thought and economic demography. Items are listed by course enabling students to work through a course chronologically.
This is a collection of hundreds of diagrams to illustrate economic concepts, each of which is freely reusable for any purpose (subject to attribution of the original author and other licence requirements). They are in image formats that can easily be copied into presentation software. For each kind of graph, there are usually many variations. This is a multilingual, user-driven site, so many of the diagrams are labelled in languages other than English.
Ask Dr. Econ is an educational resource that answers questions on (mostly macro) economic issues by a Federal Reserve Bank of San Francisco economist: the answer-bank is searchable by category or keyword, and new questions can be submitted. Answers are detailed, generally at introductory level, and stay close to current consensus even though some are 10+ years old. Examples: Does inflation hurt long-term growth? What are business cycles and how do they affect the economy? Why does a trade deficit weaken the currency?
This set of free downloadable textbooks is aimed at UK economics students. The title includes introductory topics such as the basics of international economics, the neo-classical growth model, econometrics and micro/macro analysis. Users are required to fill in brief personal details before they can download the PDF files of the full text of the books. They range in size from about 20 pages to 150 pages and the authors appear to be mainly European.
A series of short, animated YouTube videos explaining basic macro concepts, including multipliers; deficit and debt; and crowding out.
This thought-provoking but accessible video clip is taken from a TV programme featuring the Nobel prize winning economist Joseph Stiglitz. In it he talks about weaknesses of using GDP as a measure, for example in terms of sustainability. He also reminds listeners of the difference between GNP and GDP. It lasts approximately eight minutes.
This YouTube video features 2008 Nobel Laureate Paul Krugman of Princeton University, speaking as part of the Authors@Google series. Instead of speaking about his book The Conscience of a Liberal, Krugman talks about the financial crisis, banking meltdown and credit crunch - several months before it actually happened, as the event took place on December 14, 2007. Krugman looks at the causes of the current crisis and then goes on to offer some possible ways out.
Clifford, an Advanced Placement Economics teacher based in California, uses YouTube to share many short videos of him explaining economic concepts, organised into playlists around micro and macro concepts. As of the start of 2012, his economics videos have had more than a million views. They are freely reusable for non-commerical purposes.
This project includes more than one hundred YouTube videos aimed at introductory university-level economics, with a wide range of durations. Lecturer and columnist Beggs announces new videos and blog posts video through Facebook, Twitter, Google Plus and other platforms.
The videos on this YouTube channel are extracted from lectures in economics and in Managerial Finance, including some made direct to camera. They are organised into playlists around different themes including "Macroeconomics - basic models" and "Linear Demand Elasticities". The lecturer is based in an unspecified US institution.
This 5'35", subtitled YouTube video combines lively presentation with animation to argue that austerity is not the appropriate response to the financial crisis. Blyth is professor of International Political Economy at Brown University and author of "Austerity: History of a dangerous idea". A version of the video with Portugese subtitles is also available.
This 57 minute talk, put online in September 2011, reflects on causes of the 2008 financial crisis and the role of inequality.
Though this YouTube channel of well-produced, narrated illustrations is mostly in French, the linked playlist has several with English text and narration, on topics including "What is Comparative Advantage?", "How can a country go bankrupt?", and "How does bad news affect the economy?" and "What is the Budget Wall?" Content is approved by academic economists as well as by Le Monde.
This archive of 20+-minute interviews includes some of economists, politicians and academics speaking on economic issues. They include former Chancellor Alastair Darling, Christine Lagarde of the IMF, Richard Thaler, and Statistician Nate Silver.
An 87-minute video from a public lecture given by Piketty at the London School of Economics and Political Science in June 2014. After a three-minute introduction, Piketty speaks for 53 minutes about the themes of his book "Capital in the 21st Century" and the rest of the video is the question-and-answer session.
A six-minute video explaining the basics of the Balance of Payments, with accompanying text materials going into more details, including a glossary. The video combines live action and animation and uses the analogy of a personal current account to explain balance of payments, including some facts about the UK's balance of payments. The video description links to the ONS Balance of Payments pages, including a glossary which van be viewed online or downloaded as PDF.
This is a paper on the Tobin tax, considering the aims and effects of the tax in terms of theory and empirical results, specifically written for undergraduates. The author is Paul Ormerod of Volterra Consulting and it is reproduced by the Economics Network with permission.
WinEcon is an interactive learning software package for economics, business economics, maths for economics and the range of Sloman textbooks designed to support economics courses. The software provides many hours of tutorial material and includes: all the relevant theory, interactive exercises, self-assessment questions, economics databases and an economic glossary. Teachers of economics can integrate WinEcon into their Virtual Learning Environment (VLE) by creating links from any Web page, Word, Powerpoint or Excel document to specific WinEcon topics. Students working on their own machines can also make full use of these features to link to specific WinEcon screens from their lecturer's Web pages by installing the single user software.
This archive uses presents feedback on multi-choice questions on 40 different topics, with varying numbers of questions in each. Many of the questions involve clickable images, with students using mouse clicks to indicate equilibria. Topics include: markets, firms, wages, national income, money, unemployment and inflation, government, and international.
The focus of this interactive site is the comparison between GDP and welfare. It allows the user to select and balance several factors to produce a customised indicator. Java is used to plot a graph of this indicator over the second half of the twentieth century, with a plot of GDP for comparison. This page is part of the "measuring progress" section of the site, which has some background material and illustrative examples.
Economics and business dictionary from The Guardian, with bias towards business and finance but covering main economics concepts (e.g. Deflation, Keynesian economics, Retail price index) and institutional terms (e.g. Agenda 21, Federal Reserve Board, Nikkei 225). Basic, single-paragraph definitions.
This section of the Guardian newspaper gives useful updates on the so-called credit crunch and the current economic situation, mainly in the UK but with some international coverage. There are analyses of how the problems began, updates, videos and business podcasts. It could be useful for engaging undergraduate students or providing case studies for teaching.
This is a detailed model of the UK Economy, based on the H.M. Treasury model, which puts you in the position of Chancellor, showing you the macro- and microeconomic consequences of your budgets. It is part of the Biz/ed site and was produced in collaboration with the Institute for Fiscal Studies. Users can choose to alter a limited number of variables, or the full set. The site also offers background material on macroeconomic theory.
Classic economic models is a set of economic models that run through a web browser, some of which are available as free trials. The models are divided into micro and macro models, covering topics such as perfect competition, Keynsian models, price discrimination and utility-based valuation of risk. The models take the form of model link files which can be read by the EconModel plug-in. Access to the non-free models requires an annual subscription, currently 20 USD for a year. Most of the models have exercise sheets in PDF suitable for printing.
This is a 37-page sample chapter from the fourth edition of the authors' Macroeconomics textbook by Andrew B. Abel and Ben S. Bernanke, it is available as a PDF file.
Trade is a Flash game for those over 14 years of age that is designed to illustrate the theories of Bertil Ohlin. He was awarded the Nobel Prize in Economics in 1977 and showed that countries engage in and benefit from trade if their production resources differ from each other. The site includes a brief introduction to the game, the theories it seeks to explain and details the technical requirements to play it.
Part of the Nobel prize website, this page provides resources related to the 2008 winner Paul Krugman of Princeton University. It includes the video of his Nobel lecture - New trade, new geography and the troubles of manufacturing - that focuses on economic geography and trade, comcluding that: increasing returns have been a powerful force shaping the world economy, that force may actually be in decline, but that decline itself is a key to understanding much of what is happening in the world today. Users will need Windows Media Player or RealPlayer to view the lecture. The site also includes supporting materials, such as interviews, lecture slides and press releases.
This introductory course in Macroeconomics includes the topics of inflation, unemployment, business cycles, gross domestic product, money, fiscal policy, and monetary policy. There are 20 lessons on macroeconomic basics, broken up into small chunks of text. The AmosWorld site also includes a glossary and an online testing system, to which this material is linked.
This is a series of articles to demystify exchange rates for the novice, connecting the topic to the theory of supply and demand.
This glossary of economic terms forms part of the support site for Joseph Stiglitz's Principles of Macroeconomics 4th ed. student website. It is simply laid out, with hundreds of entries, browsable alphabetically, from absolute advantage to zero elasticity. The definitions are short and are not linked to other material.
This is an introductory essay about the processes by which the level of taxation affects overall economic growth, split into five HTML pages.
This short essay uses quotes from "The Logic of Collective Action" by Mancur Olson to explain in simple terms why government can be expected to make decisions that harm the economy. It introduces the concept of the different marginal effect of participation in small and large groups.
This short essay makes a case in simple terms that tariffs hurt the economy of the country that imposes them as well as the economies of the countries they are imposed on.
From the companion site to Mankiw's macro textbook, this is a set of visually appealing interactive models that can be run in a web browser or can be downloaded to run on a PC offline. Individual models are selected from a navigation bar on the left and there is a page of explanatory text with each one. The models include "The Life-Cycle Model of Consumption", "The Solow Growth Model", "Equilibrium and the Interest Rate" and "Deriving the IS and LM Curves".
This is an index to a few dozen short articles for students and lay readers written by Moffat since 2002. Most are answers to questions submitted by students, such as "What Is The Demand For Money?" or "Do Changes in Stock Prices Cause Recessions?"
MBA lectures in macroeconomics by Nouriel Roubini, David Backus includes the text of 10 lectures from 1998, including graphs. The three main sections are "Overview of the World Economy", "The Classical Theory of the Long-Run" and "The Keynesian Theory of the Short-Run". The lectures are aimed at MBA students.
The AP program is a college-level one-semester course and exam for US high school students in macroeconomics. This page free-response exams for each year from 2001 onwards, with scoring guidelines available from 2004 onwards. All files are presented as PDF downloads.
This EconWeb: Introduction to macroeconomics samples is part of the EconWeb service that requires a paid subscription, but via this link you can find three sample modules that are freely available. the modules are "Supply and Demand", "The Output Multiplier" and "Monetarism". Each module includes lecture notes and a quiz based on US data, with some modules including PowerPoint slides.
This on-line introductory text by Roger Schenk includes both micro- and macro- sections, with about a dozen chapters in each. The text has its own glossary and Who's Who and is available as a CD-ROM. A separate index holds text that has been removed from the main content of the book for flow or because it was too technical.
This website supports the textbook Macroeconomics in Context by Goodwin et al. It combines mainstream macroeconomic principles with environmental and social considerations, considering alternatives to the conventional GDP measure. Student study guides for each chapter and lecture slides for academics are available.
Thinkwell is a commercial learning tutorial service that supports economics, microeconomics and macroeconomics courses. It consists of video lectures that give simultaneous views of the lecturer and his slides and animations. Online interactive exercises with feedback, review notes, course management tools and a dedicated website for users. Lecturers can customise the course and view the results of interactive tests taken by their students. The materials are available online via subscription and require Flash / QuickTime / Java to load.
This is a website supporting Parkin and Bade's Modern Macroeconomics fifth edition. It offers links to support materials for chapters of the textbook and is archived. This item provides additional Web links and questions for discussion or written assignment.
This web page supports a course on Macroeconomic Theory as taught by Charles I. Jones of University of California, Berkeley in 2004. It contains links to problem sets in PDF, links to related websites, an overview of the course and an old exam. This link goes to the Archive.org's copy of the site.
Archived on this page are links to particular PBS NOW stories relating to economics. The links take to story pages that often include further links to video, transcripts, data and side stories. The archives go from 2002 to the present.
ECON100 offers various resources to support a number of text books authored or co-authored by Michael Parkin. Included are lecture notes (in PowerPoint, HTML or RTF), online quizzes, and news analysis.
Dozens of "pencasts" (audio narrated pen animations) on introductory topics. The site requires Flash player.
A US-focused introduction to inflation and its measurement, presented by a journalist in a question-and-answer format.
A set of configurable, graphically appealing, online interactive games that work across laptops, iOS (Apple) and Android devices. Instructors can customise the games, or use default settings, and students join by entering a class code. The instructor gets a graphical analysis of outcomes immediately at the end of the session, for use in class discussion. The site has course guides that suggest how to sequence the games in different Economics courses, and each game has references to relevant papers. The site's apps can also be used to administer individual survey or assessment questions online.
As part of its Election 2015 coverage, the IFS has this online tool in which the user makes choices about taxes and borrowing for the years 2016/17 to 2019/20. It graphs the results dynamically, using a simplified version of the IFS polcy analysis. Opening a link towards the bottom of the page brings up additional choices about whether to protect or cut areas of spending, and shows the effect on departmental spending.
Embedding Threshold Concepts is a project of the Institute for Education Policy Research at Staffordshire University. It aimed "to improve students understanding in economics by developing first year undergraduates acquisition of threshold concepts" and applied to both students on specialist economics degrees and non-specialists, for instance those on business degrees. The site includes teaching materials, suggested student activities, working papers / readings and further information about the project.
This was created to support an introductory economics course. The user has control of nine exogenous variables and the model immediately forecasts unemployment, inflation and growth for the current year and two subsequent years. The model is based on a current year of 1998
Ed Dolan teaches global macroeconomics, managerial economics, money and banking, and other courses in several European countries. His blog features short articles relating to economics teaching, including news, data, examples, and illustrations. Each post has a link to a free set of PowerPoint slides that can potentially be used in teaching.
A large number of problem sets, quizzes and exams, from 1997-2002, are held here in a mix of PDF and HTML formats, often with solutions in separate documents. They cover the Principles of macroeconomics courses as taught at MIT.
The files here are 16 short, explanatory essays to accompany Mankiw's Macroeconomics textbook. Readings include "Some simple math facts", "Two versions of Okun's law", "Theories of debt burden", and "The slope of the LM curve and automatic stabilization". Past exams from Woglom's course are also here. This link is to Archive.org's copy of the Spring 2000 site.
This is a set of animated PowerPoint presentations, one for each chapter of Mankiw's macro textbook, downloadable as compressed files for PC or for Mac.
This site combines text, images and online quizzes into a survey of the classical and neoclassical paradigms of macroeconomics. It contains a number of interactive quizzes and simulations, as well as, some short text articles on a range of topics.
This is a support website for the teaching of Wei-Choun Yu, Assistant Professor of Economics at Winona State University. It contains teaching materials for Macroeconomics, International Economics and Forecasting Methods. The individual course pages include syllabi, assignments, lecture slides and other materials. Each course page also includes brief links to external Internet sites.
Archived on this site are lecture notes and images used in various courses given by Danby. Macroeconomic topics are: Macroeconomic flows for a closed and open economy; Macro notes (for Money supply, Money demand, Goods and money markets, and Aggregate demand and supply); Classical, Keynesian, and Monetarist theory; the "Classical" or fixed-output model; the IS-LM tutorial; and the Kalecki model. Microeconomic topics are: Consumer and producer surplus, Price determination, a Market model quiz, and the Todaro migration model. The Balance of Payments and Exchange Rates section contains the following material: Categories and definitions, Fundamental concepts, Relating the balance of payments to macro categories, and Exchange rates. The trade section contains material on: Introduction, Ricardian trade theory, Heckscher-Ohlin-Samuelson trade theory, Tariffs, Quotas, a trade quiz, and Annotated tariff and quota problems.
Unraveling what happened that summer of 1998, 'The Crash' examines the underlying dynamics of a global economy that has created this new era of risk and instability. And it draws on the expertise of William Greider, George Soros, Jeffrey Sachs, and other leading financial analysts and policy makers who debate whether--or when--the crash of 1998 will be repeated. This site, a companion to a special 'Frontline' television programme, uses text reports, interviews and a video segment.
An interactive Flash game with supporting learning materials. Over twelve "quarters", the player chooses the US Federal interest rate and sees dynamic plots of inflation and unemployment. The supporting materials include a glossary and text about US monetary policy.
A selection of news articles chosen by Beggs for illustrating basic economic concepts in the classroom. These are organised by publication date and tagged with the relevant concepts and with Beggs' one-line summary. Some entries link to Beggs' own blog posts about the articles.
LiveEcon combines animated tutorials, interactive models (with graphs and charts that respond to user choices) and self-evaluation questions. Each chapter starts with a tutorial, which combines concise text with animated charts and tables, illustrating clearly the key points which are being described. Formative assessment / self-evaluation questions then allow users to evaluate their progress and understanding of each chapter. Packages are available covering macroeconomics and microeconomics, which are available to individual or institutional subscribers.
New School Economic Review (NSER) is a student run economics journal and blog that is free to access. The blog discusses topical economic issues in relation to articles that appear in the journal Issues of particular concern include: political economy, development, trade, philosophy of economics, and macroeconomics.