Principles of Microeconomics
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The course includes
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Tests
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High Quality Questions
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Flashcards
Course Overview

Lrnr has integrated the OpenStax Micro Economics textbook with intuitive personal learning tools, adaptive assessments, personalized learning paths, instructor-contributed content and actionable analytics to make studying and learning microeconomics more efficient, effective and engaging – with measurably improved student outcomes.

Lrnr guides each student through a personalized learning process, orchestrating the presentation of OpenStax Microeconomics in a way that is paced, sequenced and optimized for each student based on their individual knowledge, needs, and abilities. Lrnr also provides accurate real-time learning analytics that helps instructors pinpoint student problem areas and provide relevant remediation. Lrnr is a cloud-based educational content delivery and personalization platform that runs in a web browser.

Enhance OpenStax Microeconomics with your course content

Lrnr can integrate your lectures, presentations, notes, and syllabus with the OpenStax Micro Economics textbook to provide your students with a complete personalized course configured to your requirements.

Course Content

Welcome to Economics
2
48
3
01
4
32
01
What Is Economics, and Why Is It Important?
Microeconomics and Macroeconomics
How Economists Use Theories and Models to Understand Economic Issues
How Economies Can Be Organized: An Overview of Economic Systems
Choice in a World of Scarcity
2
30
3
01
4
35
02
How Individuals Make Choices Based on Their Budget Constraint
The Production Possibilities Frontier and Social Choices
Confronting Objections to the Economic Approach
Demand and Supply
2
72
3
01
4
34
03
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
Labor and Financial Markets
2
06
3
01
4
37
04
Demand and Supply at Work in Labor Markets
Demand and Supply in Financial Markets
The Market System as an Efficient Mechanism for Information
Elasticity
2
36
3
01
4
40
05
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
Consumer Choices
2
20
3
01
4
60
06
Consumption Choices
How Changes in Income and Prices Affect Consumption Choices
Labor-Leisure Choices
Intertemporal Choices in Financial Capital Markets
Production, Cost and Industry Structure
2
62
3
01
4
56
07
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
Perfect Competition
2
18
3
01
4
66
08
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
Monopoly
2
26
3
01
4
61
09
How Monopolies Form: Barriers to Entry
How a Profit-Maximizing Monopoly Chooses Output and Price
Monopolistic Competition and Oligopoly
2
22
3
01
4
74
10
Monopolistic Competition
Oligopoly
Monopoly and Antitrust Policy
2
30
3
01
4
74
11
Corporate Mergers
Regulating Anticompetitive Behavior
Regulating Natural Monopolies
The Great Deregulation Experiment
Environmental Protection and Negative Externalities
2
26
3
01
4
90
12
The Economics of Pollution
Command-and-Control Regulation
Market-Oriented Environmental Tools
The Benefits and Costs of U.S. Environmental Laws
International Environmental Issues
The Tradeoff between Economic Output and Environmental Protection
Positive Externalities and Public Goods
2
22
3
01
4
61
13
Why the Private Sector Under Invests in Innovation
How Governments Can Encourage Innovation
Public Goods
Poverty and Economic Inequality
2
36
3
01
4
55
14
Drawing the Poverty Line
The Poverty Trap
The Safety Net
Income Inequality: Measurement and Causes
Government Policies to Reduce Income Inequality
Labor Markets and Income
2
14
3
01
4
67
15
Market Power on the Supply Side of Labor Markets: Unions
Employment Discrimination
Immigration
Information, Risk, and Insurance
2
36
3
01
4
71
16
The Problem of Imperfect Information and Asymmetric Information
Insurance and Imperfect Information
Financial Markets
2
80
3
01
4
58
17
How Businesses Raise Financial Capital
How Households Supply Financial Capital
How to Accumulate Personal Wealth
Public Economy
2
12
3
01
4
42
18
Voter Participation and Costs of Elections
Special Interest Politics
Flaws in the Democratic System of Government
International Trade
2
12
3
01
4
39
19
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
Globalization and Protectionism
2
26
3
01
4
39
20
Protectionism: An Indirect Subsidy from Consumers to Producers
International Trade and Its Effects on Jobs, Wages, and Working Conditions
Arguments in Support of Restricting Imports
How Trade Policy Is Enacted: Globally, Regionally, and Nationally
The Tradeoffs of Trade Policy