Principles of Macroeconomics
Our Lrnfast Course Includes
Assignment and gradebook
Faculty assign homework including study activities with ease and automate grading
LMS integration to most platforms
Single sign-on and Gradebook sync with Blackboard, Canvas, Moodle, D2L, etc
Intelligent textbook
Provides engaging learning activities & study tool enrichment to all text sections
Adaptive assessment
Figures out what students know and don’t know
MyBank
Authoring tool to create questions, diagram activities and study sets that can be assigned
Actionable analytics
Accurate feedback tied to topics and concepts
Notes & annotation tools
Students stay organized and study more effectively
Flashcards
Curated flash card decks for self review and recall
Instructor lectures and notes
Can be integrated in text for projecting in lectures
The course includes
21
Tests
912
High Quality Questions
328
Flashcards
Course Overview
Lrnr has integrated the OpenStax Macro Economics textbook with intuitive personal learning tools, adaptive assessments, personalized learning paths, instructor-contributed content and actionable analytics to make studying and learning macroeconomics more efficient, effective and engaging – with measurably improved student outcomes.
Lrnr guides each student through a personalized learning process, orchestrating the presentation of OpenStax Macroeconomics 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 help 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 Macroeconomics with your course content
Lrnr can integrate your lectures, presentations, notes, and syllabus with the OpenStax Macroeconomics textbook to provide your students with a complete personalized course configured to your requirements.
Course Content
| Welcome to Economics |
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 32
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| 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 |
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01
35
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| 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 |
36
01
34
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| 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 |
03
01
37
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| 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 |
18
01
40
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| 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 | |||
| The Macroeconomic Perspective |
26
01
41
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| 06 | |||
| Measuring the Size of the Economy: Gross Domestic Product | |||
| Adjusting Nominal Values to Real Values | |||
| Tracking Real GDP over Time | |||
| Comparing GDP among Countries | |||
| How Well GDP Measures the Well-Being of Society | |||
| Economic Growth |
18
01
38
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| 07 | |||
| The Relatively Recent Arrival of Economic Growth | |||
| Labor Productivity and Economic Growth | |||
| Components of Economic Growth | |||
| Economic Convergence | |||
| Unemployment |
14
01
39
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| 08 | |||
| How the Unemployment Rate is Defined and Computed | |||
| Patterns of Unemployment | |||
| What Causes Changes in Unemployment over the Short Run | |||
| What Causes Changes in Unemployment over the Long Run | |||
| Inflation |
17
01
34
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| 09 | |||
| Tracking Inflation | |||
| How Changes in the Cost of Living are Measured | |||
| How the U.S. and Other Countries Experience Inflation | |||
| The Confusion Over Inflation | |||
| Indexing and Its Limitations | |||
| The International Trade and Capital Flows |
07
01
75
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| 10 | |||
| Measuring Trade Balances | |||
| Trade Balances in Historical and International Context | |||
| 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 | |||
| The Aggregate Demand/Aggregate Supply Model |
16
01
46
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| 11 | |||
| Macroeconomic Perspectives on Demand and Supply | |||
| 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 | |||
| The Keynesian Perspective |
12
01
41
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| 12 | |||
| Aggregate Demand in Keynesian Analysis | |||
| The Building Blocks of Keynesian Analysis | |||
| The Phillips Curve | |||
| The Keynesian Perspective on Market Forces | |||
| The Neoclassical Perspective |
05
01
45
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| 13 | |||
| The Building Blocks of Neoclassical Analysis | |||
| The Policy Implications of the Neoclassical Perspective | |||
| Balancing Keynesian and Neoclassical Models | |||
| Money and Banking |
34
01
51
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| 14 | |||
| Defining Money by Its Functions | |||
| Measuring Money: Currency, M1, and M2 | |||
| The Role of Banks | |||
| How Banks Create Money | |||
| Monetary Policy and Bank Regulation |
18
01
42
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| 15 | |||
| 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 | |||
| Exchange Rates and International Capital Flows |
15
01
50
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| 16 | |||
| How the Foreign Exchange Market Works | |||
| Demand and Supply Shifts in Foreign Exchange Markets | |||
| Macroeconomic Effects of Exchange Rates | |||
| Exchange Rate Policies | |||
| Government Budgets and Fiscal Policy |
22
01
49
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| 17 | |||
| 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 | |||
| The Impacts of Government Borrowing |
03
01
57
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| 18 | |||
| How Government Borrowing Affects Investment and the Trade Balance | |||
| Fiscal Policy, Investment, and Economic Growth | |||
| How Government Borrowing Affects Private Saving | |||
| Fiscal Policy and the Trade Balance | |||
| Macroeconomic Policy Around the World |
06
01
48
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| 19 | |||
| The Diversity of Countries and Economies across the World | |||
| Improving Countries’ Standards of Living | |||
| Causes of Unemployment around the World | |||
| Causes of Inflation in Various Countries and Regions | |||
| Balance of Trade Concerns | |||
| International Trade |
06
01
39
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| 20 | |||
| 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 |
13
01
39
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| 21 | |||
| 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 | |||