Financial inequality has been in the news a lot recently. This inequality creates what is typically called a social status ladder, with rich people at the top and poorer people toward the bottom. Research shows that your position on the ladder is one of the most powerful predictors of health. But it's so much more than just how much money you have or how fancy your education is. It's how you feel you compare to other people -- your subjective social status. We've scoured the research, looking at human and animal studies, to find out how your subjective social status affects your health. A student handout to accompany the video is included. [4:37]

Why is it important for a digital media company to have a production accountant? Find out what a production accountant does on a daily basis and what it takes to become one.

Three entrepreneurs tell how they pooled their college education and individual talents to create a successful chain of "fast casual" sushi restaurants.

Context Rich Problem on demand shifters and the implications of such a shift.

In this context rich problem, students are asked to analyze the effects of a price ceiling.

A brief overview of the term "antitrust", with a specific emphasis on the Sherman Antitrust Act which passed in 1890.

This video illustrates how a change in the price of one good affects the quantity demanded of another good (complement or substitute).

Khan Academy learning modules include a Community space where users can ask questions and seek help from community members. Educators should consult with their Technology administrators to determine the use of Khan Academy learning modules in their classroom. Please review materials from external sites before sharing with students.

An incredible site! This is an interactive textbook that clearly and concisely covers any topic you can think of under both microeconomics and macroeconomics. Select "Table of Contents" to begin.

This assignment asks students to write a data-rich policy brief, showing their ability to apply standard microeconomic models and contextualizing the policy debate with numeric evidence.

Context Rich Problem using the concepts of excise tax incidence, elasticity of demand, and elasticity of supply. Students must determine which information is appropriate and which is extraneous to the problem.

This consists of a short essay to be written by students after watching the West Wing episode "Hartsfield's Landing." In it, students are asked to help a friend to understand the content of the show using the basic components of non-cooperative game theory and the prisoner's dilemma.

Teaching general equilibrium analysis to students is challenging. General equilibrium models are typically accessible to only a small handful of mathematically well prepared students. Yet the growing significance of general equilibrium models in economics challenges instructors to find ways to make these models accessible to undergraduate students. The simulation gives microeconomics instructors an alternative to the traditional Edgeworth box graphical presentation. The simulation, with sample parameter files, is implemented with a Java applet available at General Equilibrium Simulations. The developers of the simulation are Walter Nicholson and Frank Westhoff at Amherst College.

This context-rich problem helps students to apply the characteristics of imperfect competition to a real world setting.

Meet Jada Cooper-Taylor, an Industrial Engineer and Operations Manager for Target. She is also a beauty entrepreneur with her own makeup line for Adaj Beauty. Engineering Your Future shares real stories from young professionals who want to inform and inspire students about in-demand engineering careers.

An open course in intermediate microeconomics for those students needing a challenge. Includes list of suggested readings, lecture notes, assignments, exams, and study materials.

In this problem, students consider the benefits of reduced tray usage in school cafeterias by comparing the cost savings of having to clean fewer trays against the opportunity cost of increased labor and energy costs to clean the cafeteria after meals.

MarketSim helps students understand the functioning of markets by having them become consumers and producers in a simulated economy. There are two versions, both implemented over the internet. Jeremy's market is a consumer barter market. Adam's market introduces firms and money. MarketSim received funding from the National Science Foundation. The simulation is most appropriate for economics principles courses. The principle developers are Tod S. Porter and Kriss Schueller at Youngstown State University.

Learn about this wide-ranging career that requires strong communicaton and multi-tasking skills to educate, inform and connect.
See the Lab Squad kids’ report for this career in Support Materials +

Principles of Macroeconomics 2e covers the scope and sequence of most introductory economics courses. The text includes many current examples, which are handled in a politically equitable way. The outcome is a balanced approach to the theory and application of economics concepts. The second edition has been thoroughly revised to increase clarity, update data and current event impacts, and incorporate the feedback from many reviewers and adopters. Changes made in Principles of Macroeconomics 2e are described in the preface and the transition guide to help instructors transition to the second edition. The first edition of Principles of Macroeconomics by OpenStax is available in web view here.