This is an open e-textbook covering 21 chapters and two appendices on key macroeconomic concepts that is available in various reading formats: free pdf, free online viewing, free mobile device format and free download with a small cost for print only. It can be used as a summary note for existing students or a precursor to students interested in knowing more about the subject prior to registration of economic courses or when introducing the chapter OR as a review/cliff notes by the students. It includes concepts, current topics, glossary, case studies, links, and assessment feature at the end of each module to test comprehension.
Type of Material:
• This can help the instructor to use each chapter as a summary note when introducing and/or 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 and/or as cliff notes when reviewing the key concepts of Macroeconomics.
• In class
• Individually or as a team
Browsers: Internet Explorer or Firefox, Flash
Can also run on e-reading devices like Kindle, Nook, and Apple iPad/iBooks.
Identify Major Learning Goals:
• Student will learn the basics of macro-economics, concepts, and definitions
• Student will learn how to apply the concepts in current economy
• The student will be able to solidify his/her understanding of macroeconomic concepts.
• Potential 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:
• Clear concepts/definitions
• Makes reading easy
• Encourages students to explore/test themselves
• Is consistently laid out with a chapter summary at the beginning, followed by content that is broken up with excellent numerical and graphical examples, and relevant links to related concepts that is covered further down the chapter.
• Each chapter ends with ‘Key Concepts and Summary’ section and quick review questions that range from self-check to review to critical thinking questions that have a link to the expected solutions before concluding with a glossary section on the concepts that is covered in that chapter only.
• Site has excellent faculty support items like a solutions manual, PowerPoint slides and test bank
• The student support items like an online assessment management tool is not offered directly by the Openstax college site. Rather, the interested instructor would need to coordinate with a third party vendor (e.g. Sampling Learning) to allow interactive activities to be available to students.
Potential Effectiveness as a Teaching Tool
• The 21 chapters are building blocks of one another.
• Instructor could use each chapter as a summary note when completing the concepts in class.
• Can learn a lot of materials during the reading
• 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 or before starting on a new chapter for the course.
• End of chapter quiz/self-assessment to test student understanding
• Current topics are integrated
• Interesting links are included
• A large amount of knowledge is introduced
• Each chapter starts with a ‘Summary’ section that outlines the learning competencies using active verbs. Perhaps the heading could be renamed to ‘Learning Competencies’ to be more applicable. This will also remove the duplication of the wording from the ‘Key Concepts and Summary’ section provided at the end of the chapter.
Ease of Use for Both Students and Faculty
• Clear, interesting images and pictures
• Relatable topics
• The e-book is free and made available in a variety of ebook reading formats that include html, rtf and pdf. It is also possible to download to E-book as a pdf or for reading devices like Kindle, Nook and Apple iPad/iBook.
• It is neither engaging nor interactive which could make it difficult for students to retain the concepts learned.
• Questions could be interspersed throughout the content of the chapter to break the monotony of reading and to aid in retention of concepts.
Other Issues and Comments:
Excellent and highly recommended!
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