Teacher Resources

OpenStax Macroeconomics Textbook Video-Mapped Syllabus

OpenStax, a nonprofit at Rice University, offers high quality open license textbooks. Among the many topics they’ve covered, they’ve created a Principles of Macroeconomics textbook, now in its second edition.

Here we've mapped videos from Marginal Revolution University's Principles of Micro, Principles of Macro, and Everyday Economics courses to the chapters of this textbook. You can show them in class or assign them for homework — don't forget they all come with practice questions!

In parentheses of chapter titles, we’ve included the corresponding chapter numbers of OpenStax’s Micro/Macro combination text, Principles of Economics (second edition) (left blank when the chapter number is the same).

You can view the video mapping as a Google Doc or download as a PDF.

 

Chapter 1: Welcome to Economics

Videos:

Introduction to Economics

 

Chapter 3: Demand and Supply

Videos:

The Demand Curve

The Supply Curve

The Equilibrium Price and Quantity

A Deeper Look at the Demand Curve

The Demand Curve Shifts

A Deeper Look at the Supply Curve

The Supply Curve Shifts

Supply and Demand Terminology

Price Ceilings

Price Ceilings: Shortages and Quality Reduction

SUPPLEMENTAL: Rent Control in Mumbai

 

Chapter 4: Labor and Financial Markets

Videos:

SUPPLEMENTAL: The Economics of Choosing the Right Career

 

Chapter 5: Elasticity

Videos:

Elasticity of Demand

Calculating the Elasticity of Demand

Elasticity of Supply

Elasticity and Slave Redemption

SUPPLEMENTAL: Office Hours: Elasticity of Demand

 

Chapter 6: The Macroeconomic Perspective (PE CH. 19)

Videos:

What Is Gross Domestic Product (GDP)?

Nominal vs. Real GDP

Real GDP Per Capita and the Standard of Living

Splitting GDP

 

Chapter 7: Economic Growth (PE CH. 20)

Videos:

Basic Facts of Wealth

Growth Rates Are Crucial

Growth Miracles and Growth Disasters

The Importance of Institutions

 

Chapter 8: Unemployment (PE CH. 21)

Videos:

The Economics of Choosing the Right Career

Defining the Unemployment Rate

Is Unemployment Undercounted?

Labor Force Participation

 

Chapter 9: Inflation (PE CH. 22)

Videos:

Zimbabwe and Hyperinflation: Who Wants to Be a Trillionaire?

Measuring Inflation

Costs of Inflation: Price Confusion and Money Illusion

Costs of Inflation: Financial Intermediation Failure

 

Chapter 12: The Keynesian Perspective (PE CH. 25)

Videos:

Sticky Wages

 

Chapter 14: Money and Banking (PE CH. 27)

Videos:

Saving and Borrowing

The U.S. Money Supplies

The Money Multiplier

 

Chapter 15: Monetary Policy and Bank Regulation (PE CH. 28)

Videos:

Monetary Policy and the Fed

How the Fed Worked: Before the Great Recession

How the Fed Works: After the Great Recession

The Federal Reserve as Lender of Last Resort

When the Fed Does Too Much

 

Chapter 17: Government Budgets and Fiscal Policy (PE CH. 30)

Videos:

Introduction to Fiscal Policy

The Limits of Fiscal Policy

 

Chapter 18: The Impacts of Government Borrowing (PE CH. 31)

Videos:

Fiscal Policy and Crowding Out

 

Chapter 20: International Trade (PE CH. 33)

Videos:

The Big Ideas of Trade

Comparative Advantage

Another Look at Comparative Advantage

SUPPLEMENTAL: Comparative Advantage Homework

 

Chapter 21: Globalization and Protectionism (PE CH. 34)

Videos:

Tariffs and Protectionism

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