Instructor Resources / Economics
Principles of Economics
PowerPoint Slides
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Chapter 0 - Math Review
- Addition and Subtraction
- Multiplication and Division
- Order of Operations
- Algebraic Expressions
- Basics of Percent
- Linear Equations
- Graphing
- Calculating Area
- All PowerPoints
Chapter 1 - Welcome to Economics!
Chapter 2 - Choice in a World of Scarcity
- How Individuals Make Choices Based on Their Budget Constraint
- The Production Possibilities Frontier and Social Choices
- Confronting Objections to the Economic Approach
- All PowerPoints
Chapter 3 - Demand and Supply
- Demand, Supply, and Equilibrium in Markets for Goods and Services
- Shifts in Demand and Supply for Goods and Services
- Changes in Equilibrium Price and Quantity: The Four-Step Process
- Price Ceilings and Price Floors
- Demand, Supply, and Efficiency
- All PowerPoints
Chapter 4 - Labor and Financial Markets
- Demand and Supply at Work in Labor Markets
- Demand and Supply in Financial Markets
- The Market System as an Efficient Mechanism for Information
- All PowerPoints
Chapter 5 - Elasticity
- Price Elasticity of Demand and Price Elasticity of Supply
- Polar Cases of Elasticity and Constant Elasticity
- Elasticity and Pricing
- Elasticity in Areas Other Than Price
- All PowerPoints
Chapter 6 - Consumer Choices
- Consumption Choices
- How Changes in Income and Prices Affect Consumption Choices
- Behavioral Economics: An Alternative Framework for Consumer Choice
- All PowerPoints
Chapter 7 - Production, Costs, and Industry Structure
- Explicit and Implicit Costs, and Accounting and Economic Profit
- Production in the Short Run
- Costs in the Short Run
- Production in the Long Run
- Costs in the Long Run
- All PowerPoints
Chapter 8 - Perfect Competition
- Perfect Competition and Why It Matters
- How Perfectly Competitive Firms Make Output Decisions
- Entry and Exit Decisions in the Long Run
- Efficiency in Perfectly Competitive Markets
- All PowerPoints
Chapter 9 - Monopoly
- How Monopolies Form: Barriers to Entry
- How a Profit-Maximizing Monopoly Chooses Output and Price
- All PowerPoints
Chapter 10 - Monopolistic Competition and Oligopoly
Chapter 11 - Monopoly and Antitrust Policy
- Corporate Mergers
- Regulating Anticompetitive Behavior
- Regulating Natural Monopolies
- The Great Deregulation Experiment
- All PowerPoints
Chapter 12 - Environmental Protection and Negative Externalities
- The Economics of Pollution
- Policies to Reduce Pollution
- The Benefits and Costs of U.S. Environmental Laws
- International Environmental Issues
- The Tradeoff between Economic Output and Environmental Protection
- All PowerPoints
Chapter 13 - Positive Externalities and Public Goods
- Why the Private Sector Underinvests in Innovation
- How Governments Can Encourage Innovation
- Public Goods
- All PowerPoints
Chapter 14 - Labor Markets and Income
- The Theory of Labor Markets
- Wages and Employment in an Imperfectly Competitive Labor Market
- Market Power on the Supply Side of Labor Markets
- Employment Discrimination
- Immigration
- All PowerPoints
Chapter 15 - Poverty and Economic Inequality
- Drawing the Poverty Line
- The Poverty Trap
- The Safety Net
- Income Inequality: Measurement and Causes
- Government Policies to Reduce Income Inequality
- All PowerPoints
Chapter 16 - Information, Risk, and Insurance
- The Problem of Imperfect Information and Asymmetric Information
- Insurance and Imperfect Information
- All PowerPoints
Chapter 17 - Financial Markets
- How Businesses Raise Financial Capital
- How Households Supply Financial Capital
- How to Accumulate Personal Wealth
- All PowerPoints
Chapter 18 - Public Economy
- Voter Participation and Costs of Elections
- Special Interest Politics
- Flaws in the Democratic System of Government
- All PowerPoints
Chapter 19 - The Macroeconomic Perspective
- Measuring the Size of the Economy: Gross Domestic Product
- Adjusting Nominal Values to Real Values
- Comparing GDP among Countries
- How Well GDP Measures the Well-Being of Society
- All PowerPoints
Chapter 20 - Economic Growth
- The Relatively Recent Arrival of Economic Growth
- Labor Productivity and Economic Growth
- Components of Economic Growth
- Economic Convergence
- All PowerPoints
Chapter 21 - Unemployment
- How Economists Define and Compute Unemployment Rate
- Patterns of Unemployment
- What Causes Changes in Unemployment over the Short Run
- What Causes Changes in Unemployment over the Long Run
- All PowerPoints
Chapter 22 - Inflation
- Tracking Inflation
- How to Measure Changes in the Cost of Living
- How the U.S. and Other Countries Experience Inflation
- The Confusion over Inflation
- Indexing and Its Limitations
- All PowerPoints
Chapter 23 - The International Trade and Capital Flows
- Measuring Trade Balances
- Trade Balances and Flows of Financial Capital
- The National Saving and Investment Identity
- The Pros and Cons of Trade Deficits and Surpluses
- The Difference between Level of Trade and the Trade Balance
- All PowerPoints
Chapter 24 - The Aggregate Demand/Aggregate Supply Model
- Building a Model of Aggregate Demand and Aggregate Supply
- Shifts in Aggregate Supply
- Shifts in Aggregate Demand
- How the AD/AS Model Incorporates Growth, Unemployment, and Inflation
- Keynes' Law and Say's Law in the AD/AS Model
- All PowerPoints
Chapter 25 - The Keynesian Perspective
- Aggregate Demand in Keynesian Analysis
- The Building Blocks of Keynesian Analysis
- The Phillips Curve
- Keynesian Policy and the Keynesian Perspective on Market Forces
- All PowerPoints
Chapter 26 - The Neoclassical Perspective
- The Building Blocks of Neoclassical Analysis
- The Policy Implications of the Neoclassical Perspective
- Balancing Keynesian and Neoclassical Models
- All PowerPoints
Chapter 27 - Money and Banking
- Defining Money by Its Functions
- Measuring Money: Currency, M1, and M2
- The Role of Banks
- How Banks Create Money
- All PowerPoints
Chapter 28 - Monetary Policy and Bank Regulation
- The Federal Reserve Banking System and Central Banks
- Bank Regulation
- How a Central Bank Executes Monetary Policy
- Monetary Policy and Economic Outcomes
- Pitfalls for Monetary Policy
- All PowerPoints
Chapter 29 - Exchange Rates and International Capital Flows
- How the Foreign Exchange Market Works
- Demand and Supply Shifts in Foreign Exchange Markets
- Macroeconomic Effects of Exchange Rates
- Exchange Rate Policies
- All PowerPoints
Chapter 30 - Government Budgets and Fiscal Policy
- Government Spending
- Taxation
- Federal Deficits and the National Debt
- Using Fiscal Policy to Fight Recession, Unemployment, and Inflation
- Automatic Stabilizers
- Practical Problems with Discretionary Fiscal Policy
- The Question of a Balanced Budget
- All PowerPoints
Chapter 31 - The Impacts of Government Borrowing
- How Government Borrowing Affects Investment and the Trade Balance
- Fiscal Policy and the Trade Balance
- How Government Borrowing Affects Private Saving
- Fiscal Policy, Investment, and Economic Growth
- All PowerPoints
Chapter 32 - Macroeconomic Policy Around the World
- The Diversity of Countries and Economies across the World
- Improving Countries' Standards of Living
- Causes of Unemployment and Inflation around the World
- Balance of Trade Concerns
- All PowerPoints
Chapter 33 - International Trade
- Absolute and Comparative Advantage
- What Happens When a Country Has an Absolute Advantage in All Goods
- Intra-industry Trade between Similar Economies
- The Benefits of Reducing Barriers to International Trade
- All PowerPoints
Chapter 34 - Globalization and Protectionism
Chapter Projects - Student
Chapter 1- Welcome to Economics! Chapter Project
- Choice in a World of Scarcity Chapter Project
- Demand and Supply Chapter Project
- Labor and Financial Markets Chapter Project
- Elasticity Chapter Project
- Consumer Choices Chapter Project
- Production, Costs, and Industry Structure Chapter Project
- Perfect Competition Chapter Project
- Monopoly Chapter Project
- Monopolistic Competition and Oligopoly Chapter Project
- Monopoly and Antitrust Policy Chapter Project
- Environmental Protection and Negative Externalities Chapter Project
- Positive Externalities and Public Goods Chapter Project
- Labor Markets and Income Chapter Project
- Poverty and Economic Inequality Chapter Project
- Information, Risk, and Insurance Chapter Project
- Financial Markets Chapter Project
- Public Economy Chapter Project
- The Macroeconomic Perspective Chapter Project
- Economic Growth Chapter Project
- Unemployment Chapter Project
- Inflation Chapter Project
- The International Trade and Capital Flows Chapter Project
- The Aggregate Demand/Aggregate Supply Model Chapter Project
- The Keynesian Perspective Chapter Project
- The Neoclassical Perspective Chapter Project
- Money and Banking Chapter Project
- Monetary Policy and Bank Regulation Chapter Project
- Exchange Rates and International Capital Flows Chapter Project
- Government Budgets and Fiscal Policy Chapter Project
- The Impacts of Government Borrowing Chapter Project
- Macroeconomic Policy Around the World Chapter Project
- International Trade Chapter Project
- Globalization and Protectionism Chapter Project
Chapter Projects - Instructor
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