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 Microeconomics
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 and the free textbook "Principles of Microeconomics" by Rittenberg and Tregarthen. The material is arranged into seven units: "Introduction to Economics: What Is It?", "Supply and Demand", "Markets and Individual Maximizing Behavior", "The Consumer", "The Producer", "Market Structure: Competitive and Non-competitive Markets", and"Resource Markets".
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. With 22 chapters, it aims to cover a one-semester course. It claims "a balanced approach to economics 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.
A four-minute summary of wealth inequality in Great Britain, looking at the North/South divide, and showing some comparisons of the wealth of the wealthiest 10% against the bottom 50%.
Short video summary of what unit labour costs are and how they are calculated, using narrated animation. "Next it looks at how unit labour costs have changed since the onset of the 2008/09 recession and what drivers have caused the changes. Lastly it looks at sectional unit labour costs across both the production and service sectors and how they have changed since the start of the recession".
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.
These are the outputs of a mini-project funded by the Economics Network, in which the first-year students at Ulster were given a minimum of lectures, with most teaching time given to Problem-Based Learning. Seven worksheets for PBL tasks are archived on this page, along with a guide sheet for teaching assistants on how to run a PBL meeting and an advice handout to students on How To Keep a Personal Development Report. The final report from the project is also available. The course was based on the Begg textbook, to which the worksheets refer.
This video clip is available on YouTube. It was narrated by Peter Smith of Southampton University. Duration is just over six minutes. It look at population growth. Using examples such as Korea, Indonesia and Ghana, he applies microeconomic analysis to see which factors might contribute to high birth rates in certain countries. This is shown in moving graphs.
These three sets of worksheets were produced by an Economics Network mini-project. Each consists of a three documents in .doc format. A four-side student handout includes the case study and questions. The other documents are a sheet of answer guidelines and a four-side teaching guide. The topics are "Supermarkets under scrutiny", "Argos/Littlewoods Price fixing Agreement" and "Football shirts: A case of Unfair Competition" Permission is given for unrestricted educational use and alteration.
This is a 167-page introductory textbook written by a graduate student. It is available as a single PDF file, or by section. A separate maths-heavy version (Quantum Microeconomics with Calculus) is also available.
This is a blog, begun in May 2012, in which Prof. Arvan answers questions from students about Microeconomics (Principles or Intermediate). Posts are organised by date and by topic.
Tests for Intro to Micro for 1st year students.
A complete online course, adapted from a course delivered on-campus at MIT in the Spring of 2011. It includes a set of lecture videos, assigned readings, problem sets with the solutions explained in videos, and an exam. The course assumes a high-school knowledge of calculus and covers the principles of consumer behaviour, firm behaviour, market structure and policy relevance.
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).
This is an online economics course produced by Carnegie Mellon University, which provides access to online course workbooks used in the full semester course on economics. This open and free version of the online workbooks does not include access to the virtual online experiments, end-of-module graded exams or to the course instructor. There are seven experiments and related workbooks on topics such as, supply and demand, monopoly and cartels and network externalities.
This is a collection of short YouTube videos that use narrated drawings and graphs to introduce basic concepts including market structures, comparative advantage and elasticity of demand.
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.
Marsh is a Professor of Public Policy. These documents are collections of topical opinion pieces from his blog and can be viewed online or downloaded as PDF. Topics include "Is a little Economics dangerous?", "Economics after the Crash", "Economics and Policy", and "The Problem of Housing Supply."
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.
This is a 20-chapter textbook for principles level, which can be read for free online, printed out or bought as a paper book. It can also be customised with the site's "Make It Your Own" feature. An appendix gives a basic introduction to graphs and their use in economics. The site also has many digital supplements that are available to verified educators.
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.
Recorded September 2011, this lecture introduces distance learning and covers the motivations for studying a university course in Economics, including what can be learned about the subject from the 2008 financial crisis.
A series of YouTube animated videos explaining basic micro concepts such as prisoner's dilemma, public versus private goods, internal versus external costs, profit maximisation versus efficiency maximisation.
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 channel has more than fifty "Micro-lectures on Microeconomics", using spreadsheets and audio narration to explain topic in a few minutes. The spreadsheets themselves are downloadable from the video descriptions.
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 index of YouTube clips, mostly created by the author and colleagues, but with some from media sources. Typically about two minutes, they provide explanations of mainly microeconomic topics.
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.
A number of Excel spreadsheets by Watson are listed on this Biz/ed page (scroll down a bit). They cover topics including demand and supply, elasticity, trade and comparative advantage.
This is an interactive iterated Prisoner's Dilemma with an uncertain number of moves. It allows the reader to play against a variety of strategies, and comes with a short introduction to set the scene. This requires the Shockwave plug-in.
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 simulation of managing the cash flow of a company serves as a vehicle for teaching students about the principles of cash flow. It gives students the chance to see if they can manage the cash flow of a company for a year. It is freely available and part of the Biz/ed website.
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 section of the IFS website contains a good variety of free resources which could be useful for teaching. There are online journal articles from their own Economic Review, Powerpoint slides of public lectures, quick factsheets and interactive resources, eg. "Income Distribution - where do you fit in?" Topical areas covered include food prices, taxing the rich, understanding public sector finance and higher education funding.
Definitions and short explanations of a variety of Market Failure-related terms and principles, including some graphs. This site has been created to support revision of AS-level Economics. This link is to Archive.org's copy of the site.
Definitions and short explanations of a variety of microeconomic terms and principles, including some graphs. This site has been created to support revision of AS-level Economics. The link is to the Archive.org copy of the site.
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.
The Carbon Tax Center provides an explanation and justification of the carbon tax proposal, which includes useful detail on the general working of Pigovian and 'green' taxes with greenhouse gas emissions as a topical application. The site includes a presentational slide show and short non-technical papers (with supporting links) comparing the tax with market-based (tradable-quota) alternatives, giving evidence for its demand-reducing effects and explaining how its adverse distributional effects could be addressed. Offers subscription to email newsletter.
Economics and the Environment presents online resources linked to the book of the same title. 'The Problem of the Homeless Salmon', which uses the example of declining fish stocks to probe ideas about common-pool resources, external costs and sustainable depletion, setting out the issues as a detective exercise and ending with multiple-choice questions. Includes the book's Introduction, which outlines market-based solutions to environmental (externality) problems, stressing the importance of property rights and incentives.
Collection of resources on using experiments in economics teaching, produced by Jim Murphy of the University of Alaska, Anchorage. It includes "An experiment on enforcement strategies for managing a local environmental resource" and "Materials for a hand-run double auction" produced by Murphy, with links to all the materials needed to run the experiments. Also features links to other classroom experiments from other university teachers.
The apple market is a sample chapter from the textbook Experiments with economic principles by Bergstrom and Miller (1996), published by McGraw Hill. The chapter takes the student through a one-session experiment to illustrate the concept of the market.
This course on Microeconomics covers individuals, firms, markets, and industries, including the topics of consumer demand, production, cost, market structures, and factor markets. Included are 20 lessons on microeconomic 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.
These interactive tutorials, dating from 2003, use Java to create animations and interactivity, dotting these interactive features through explanatory text. Topics introduced include Total Cost, Variable Cost, and Marginal Cost; Marginal Cost and the Price-Taking Firm's Optimal Output Rate; Average Cost and the Break-Even Output Rate; Demand; Elasticity; Elasticity II; Supply, Demand, and Equilibrium; Monopoly: Marginal Revenue and the Profit-Maximizing Price and Output Rate; Discounting Future Income; The Internal Rate of Return; Perils of the Internal Rate of Return; Risk; and Risk Aversion and Insurance.
Iowa Electronic Markets (IEM) is an online futures market where contract payoffs are based on real-world events such as political outcomes (including the US Presidential election), companies' earnings per share (EPS), and stock price returns. It is run as a non-profit educational and research project by faculty at University of Iowa, Henry B. Tippie College of Business. Most of the markets use real money, although there is a free practice market. The site includes instructor resources, research papers based on their experience and a trader's manual.
This article, spread across 5 web pages, gives a layman's explanation of the winner's curse in auctions, using the examples of oil drilling rights and star baseball players.
This is a short guide for beginning students to five different kinds of elasticity: Price Elasticity of Demand, Price Elasticity of Supply, Income Elasticity of Demand, Cross Price Elasticity of Demand and Arc Elasticity. Links to the individual pages are to the right of the main article.
This AP program is a college-level one-semester course and exam for US high school students in microeconomics. This page links to PDF files of free-response exams for each year from 2001 onwards, scoring guidelines are available from 2004 onwards.
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.
Farmersi is a business game in which players manage their virtual farms in the Wild West - they grow crops, raise cattle and make investments. Individual games are 1-15 players at a time and last for 6-17 turns, with turns calculated every 4 or 8 minutes, 12 hours or 24hours. It is a basic simulation of business skills and how economies and markets function. Farmersi is entirely browser based and does not require the downloading of any software.
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.
Paper in the form of a 14-page PDF file, argues for the use of active-learning exercises in teaching economics, explaining the benefits of this method for students and for staff. Example activities and exam questions are included which bear on the concept of present value.
EconPort is a microeconomics digital library funded by the USA's National Science Foundation. This is their online microeconomics textbook with links to relevant software, resources in addition to text. Content under each broad topic is divided into short beginner's introductions to specific concepts, advanced material, commentary on experiments, and links.
These are group economic games that are set up and run in a web browser using Java. Lecturers configure the games and generate an access code, which they then pass onto students. The lecturer can then moderate the game. The games include auctions, tests of the theory of revealed preference and normal form games with customisable payoffs, amongst others. EconPort is a digital library funded by the USA's National Science Foundation.
This course website includes exams (with solutions) and lecture notes, both in .pdf format. It supports a course on Economic Theory 101 as taught by : Stefano DellaVigna of University of California, Berkeley, in 2004.
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.
A set of interactive games that are played in the browser. The tutor selects a game and chooses the number of players, then is given unique logins to distribute to learners. One game - an airline pricing game - is played against the computer: in the rest, learners play against each other.
Ad-supported site providing a fantasy share-trading game, with supporting materials. Participants have a virtual 100,000 pounds to invest in shares which are priced using real data from the London Stock Exchange. It has already been used by thousands of learners in UK schools and universities.
More than 150 educational videos on Consumer Behaviour, Producer Behaviour and Market Structures on a site which charges a yearly (or shorter) subscription for access to the videos.
Dozens of "pencasts" (audio narrated pen animations) on introductory topics. The site requires Flash player.
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.
This site uses short clips from the TV comedy series "Seinfeld" to illustrate economic concepts. The clips are indexed by episode name and by economic concept. The site is also searchable. Each clip has a one-line summary and a discussion board.
Clips from the US version of the comedy series "The Office" are used to illustrate economic concepts. The often poor decisions made by characters are shown as examples of how not to think about economics. The clips are indexed by season, by episode name, by character and by clip length. Most of the clips are under four minutes in length, with many under one minute. Each clip is tagged with relevant economic concepts and has a one-paragraph explanation of the action and its relevance to economics.
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 sample quiz has 12 questions from the Microeconomics section of a distance-learning course originally delivered by CD-ROM. The questions are varied in the tasks they require and make full use of the interactive format. The quiz requires that you need the Java plug-in.
Brief course handbook and syllabus for an introductory course on microeconomics as taught by David Saal of Aston University in 2008/9. Includes learning outcomes, course content, teaching, assessment and feedback details.
From a distance-learning tutorial originally distributed on CD-ROM, this 35-minute tutorial combines spoken and written text with animated diagrams. Divided into ten sections, it comes with online help and definitions of key terms.
This course web page is a list of files for exams and handouts. The exams are from 2001 to 2003 and are in .pdf format. The handouts are in .pdf and PowerPoint formats. It supports a course on microeconomics as taught by Todd Kaplan of the University of Exeter.
A collection of classroom games, experiments, and demonstrations produced by Sarah Stafford of the College of William and Mary. Topics covered include: Enforcement game, Permit trading game, Market entry games, Equity vs. efficiency demonstration, Network externalities and Price discrimination. All titles include instructions for tutors / participants and recording sheets for students.
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.
Part of the support materials for Eco 101 - Principles of Microeconomics as taught by John Kane of SUNY Oswego. Notes from twenty lectures are available here as ordinary Web pages with graphics, as Flash videos with an audio narration and as PowerPoint presentations.
This is an electronic textbook in progress, amounting to fifteen chapters as of January 2008. It is split into two parts - alternative microeconomics and basic microeconomics: at outline - each chapter is available as a PDF download.
A dozen PowerPoint presentations on basic microeconomics, making some use of animation. Topics are: an introduction to the basic concepts, circular flow, a short review of basic math skills for microeconomics, production possibilities, basic supply and demand models, basic concepts of price, income and cross elasticity, the market as an allocation process, utility theory and demand curves, the theory of production and functions, pure competition and the "ideal" of the market, profit maximization, construction of isoquant, and market power.
Twenty-three interactive Excel workbooks illustrate basic microeconomics. They will allow students to explore basic economic models and cover topics such as opportunity cost, demand models with elasticities, cost / benefit analysis and the production cost matrix.
This course webpage for Principles of Microeconomics at Marietta College as taught by Greg Delemeester includes lecture notes, old exams (multiple-choice and short answer) and individual trivia questions. There are also links to the course syllabus and some key economics websites.
This is the Internet Archive's copy of a course web page which has been moved to an intranet. The PDF links lower down the page do not work, but towards the top of the page there are twelve quizzes including essay and short-answer questions.
Three simple interactive exercises, on the budget constraint line, indifference curves and utility maximisation, are presented here as part of a poster session for the 2003 Midwest Conference on Student Learning in Economics. Each consists of a short page with a form that calculates a particular function (which runs in the web browser) and a series of activities such as graph-plotting and calculation.
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.
This is the syllabus for an introductory course that taught the fundamentals of microeconomics at MIT in autumn 2007. Topics include consumer theory, producer theory, the behaviour of firms, market equilibrium, monopoly, and the role of the government in the economy.
Beat The Market Online contains simulation games and exercises designed to teach Principles or Introductory level Microeconomics as well as Managerial Economics. The goal is to maximize profits in one or more of the market structures including Perfect Competition, Monopoly, Monopolistic Competition or Oligopoly. Accompanying exercises cover a range of topics including market equilibrium, demand, elasticity, production, costs, and revenue maximization. The simulation games and exercises are all automatically graded and provided to the Instructor online with progress reports. An online consultant helps guide students. Students may compete against each other or computer managed firms as individuals or in teams. The simulation manages the entire process for the Instructor. Learning levels enables the Instructor to teach either principles or introductory economics by limiting the number of decisions to four or less. Data from the simulation, both cross sectional and time series, can be exported to Excel.