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This is a book of free economics notes based on more than thirty years' experience of teaching and supervising students on three continents.
Chapter 1 An Introduction to Economics in 5,000 Words and a Bit
Chapter 2 Trying to Make Sense of Economic Policy—Part 1: What Do Governments Try to Do?
Chapter 3 Trying to Make Sense of Economic Policy—Part 2: Why is it so Difficult to Get it Right?
Chapter 4 Business Cycles, Recessions and Economic Booms
Chapter 5 Understanding Economics: a Summary of the Advantages and Disadvantages of the Price Mechanism
Chapter 6 Notes on the Difference Between “Economic Growth” and “Economic Development”
This book could be used as a summary for those taking an economics class or as a review. It is text-only with no illustrations.
Type of Material:
Open Textbook
Recommended Uses:
• This can help the instructor to use each chapter as a summary note when completing the concepts in class.
• This is useful to the students as a supplementary reading prior to the commencement of classes to get a feel for the content on Macroeconomics.
Technical Requirements:
Used Chrome, Internet Explorer, Firefox
Can also run on e-reading devices like Kindle, Nook, and Apple iPad/iBooks.
Identify Major Learning Goals:
Students will understand some of the key concepts in Economics
The student will be able to solidify his/her understanding of macroeconomic concepts.
Potential future students will be able to get a feel for the subject prior to registering for economic classes.
Target Student Population:
• Beginner/Introductory/Survey Economics, Introduction to Macroeconomics, Principles of Macroeconomics, and/or Business Students
• Non-economics or Non-business students taking an Economics and/or Business course as a minor
Prerequisite Knowledge or Skills:
None
Content Quality
Rating:
Strengths:
it is a short 56 pages summary of the major concepts covered in the introduction of the macroeconomic subject
Very brief summary of macro-economics concepts
Well-written
Its stripped down to the bare bones to get the gist of how the economy works under capitalism with a chapter dedicated to the role of government in the market place.
Concerns:
May skip over some of the necessary principles
No graphs, which are helpful in economics
It is text heavy and some of the content pieces do require prior knowledge of some economic terms that neither is nor defined in the collection
A link to another free book called ‘An Introduction to Economics’ is present.
Clicking on this new book brings the content page with a list of chapters. This will confuse a novice reader to the topic who wants to understand a certain concept or two.
Potential Effectiveness as a Teaching Tool
Rating:
Strengths:
The six chapters are building blocks of one another. The instructor could use each chapter as a summary note when completing the concepts in class.
The instructor could provide the link to this e-book as supplementary reading prior to the commencement of classes so that students can get a feel for the content on Macroeconomics.
Good summary of macro-economics
Easy to follow
Concerns:
Not meant to be complete textbook
No supplemental information
No teachers guide
Ease of Use for Both Students and Faculty
Rating:
Strengths:
Available in several formats
Easy to read
Concerns:
Does not engage student
Students may not be accustomed to text-only format
Students may hesitate to provide email addresses
Creative Commons:
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