Originally provided by by Openstax College (Rice University) in PDF and online format in one volume.
Download volumes 1 and 2 in one free PDF (824 pages, 114 Mb)
Purchase print: Principles of Economics, Vol 1 Chapters 1 – 23 (493 pages) $39.95 USD
Purchase print: Principles of Economics, Vol 2 Chapters 24-34 and appendices. (350 pages) $34.95 USD
Principles of Economics covers the scope and sequence for a two-semester principles of economics course. The text also includes many current examples, including; discussions on the great recession, the controversy among economists over the Affordable Care Act (Obamacare), the recent government shutdown, and the appointment of the United States’ first female Federal Reserve chair, Janet Yellen.
The pedagogical choices, chapter arrangements, and learning objective fulfillment were developed and vetted with feedback from educators dedicated to the project. The outcome is a balanced approach to micro and macro economics, to both Keynesian and classical views, and to the theory and application of economics concepts. Current events are treated in a politically-balanced way, as well.
Table of Contents
Volume 1 Chapter 1 – 23
Welcome to Economics!
Choice in a World of Scarcity
Demand and Supply
Labor and Financial Markets
Elasticity
Consumer Choices
Cost and Industry Structure
Perfect Competition
Monopoly
Monopolistic Competition and Oligopoly
Monopoly and Antitrust Policy
Environmental Protection and Negative Externalities
Positive Externalities and Public Goods
Poverty and Economic Inequality
Issues in Labor Markets: Unions, Discrimination, Immigration
Information, Risk, and Insurance
Financial Markets
Public Choice
The Macroeconomic Perspective
Economic Growth
Unemployment
Inflation
The International Trade and Capital Flows
Volume 2 Chapters 24 – 34 and Appendices
The Aggregate Supply-Aggregate Demand Model
The Keynesian Perspective
The Neoclassical Perspective
Money and Banking
Monetary Policy and Bank Regulation
Exchange Rates and International Capital Flows
Government Budgets and Fiscal Policy
The Macroeconomic Impacts of Government Borrowing
Macroeconomic Policy Around the World
International Trade
Globalization and Protectionism
The Use of Mathematics in Principles of Economics
Demand, Supply, and Efficiency
Indifference Curves
Present Discounted Value
The Expenditure-Output Model