Principles of Microeconomics (AP course)
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
20
Tests
1091
High Quality Questions
634
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 |
 48
 01
 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 |
30
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 |
72
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 |
06
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 |
36
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 | |||
| Consumer Choices |
20
01
60
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| 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 |
62
01
56
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| 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 |
18
01
66
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| 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 |
26
01
61
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| 09 | |||
| How Monopolies Form: Barriers to Entry | |||
| How a Profit-Maximizing Monopoly Chooses Output and Price | |||
| Monopolistic Competition and Oligopoly |
22
01
74
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| 10 | |||
| Monopolistic Competition | |||
| Oligopoly | |||
| Monopoly and Antitrust Policy |
30
01
74
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| 11 | |||
| Corporate Mergers | |||
| Regulating Anticompetitive Behavior | |||
| Regulating Natural Monopolies | |||
| The Great Deregulation Experiment | |||
| Environmental Protection and Negative Externalities |
26
01
90
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| 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 |
22
01
61
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| 13 | |||
| Why the Private Sector Under Invests in Innovation | |||
| How Governments Can Encourage Innovation | |||
| Public Goods | |||
| Poverty and Economic Inequality |
36
01
55
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| 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 |
14
01
67
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| 15 | |||
| Market Power on the Supply Side of Labor Markets: Unions | |||
| Employment Discrimination | |||
| Immigration | |||
| Information, Risk, and Insurance |
36
01
71
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| 16 | |||
| The Problem of Imperfect Information and Asymmetric Information | |||
| Insurance and Imperfect Information | |||
| Financial Markets |
80
01
58
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| 17 | |||
| How Businesses Raise Financial Capital | |||
| How Households Supply Financial Capital | |||
| How to Accumulate Personal Wealth | |||
| Public Economy |
12
01
42
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| 18 | |||
| Voter Participation and Costs of Elections | |||
| Special Interest Politics | |||
| Flaws in the Democratic System of Government | |||
| International Trade |
12
01
39
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| 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 |
26
01
39
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| 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 | |||