Teacher Resources

OpenStax Microeconomics 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 Microeconomics 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: Consumer Choices

Videos:

Introduction to Consumer Choice

Budget Constraints

 

Chapter 8: Perfect Competition

Videos:

Introduction to the Competitive Firm

Maximizing Profit Under Competition

Maximizing Profit and the Average Cost Curve

Entry, Exit, and Supply Curves: Increasing Costs

Entry, Exit, and Supply Curves: Constant Costs

Entry, Exit, and Supply Curves: Decreasing Costs

 

Chapter 9: Monopoly

Videos:

Maximizing Profit Under Monopoly

SUPPLEMENTAL: Office Hours: Calculating Monopoly Profit

 

Chapter 11: Monopoly and Antitrust Policy

Videos:

Tying

Bundling

 

Chapter 12: Environmental Protection and Negative Externalities

Videos:

An Introduction to Externalities

Command and Solutions

The Coase Theorem

Trading Pollution

A Deeper Look at Tradable Allowances

 

Chapter 13: Positive Externalities and Public Goods

Videos:

External Benefits

Public Goods and Asteroid Defense

A Deeper Look at Public Goods

The Tragedy of the Commons

 

Chapter 14: Labor Markets and Income

Videos:

The Marginal Product of Labor

 

Chapter 16: Information, Risk, and Insurance

Videos:

Asymmetric Information and Used Cars

Asymmetric Information in Health Insurance

Signaling

 

Chapter 17: Financial Markets

Videos:

Intro to Stock Markets

Intro to the Bond Market

The Miracle of Compound Returns

Can You Beat the Market?

Investing: Why You Should Diversify

 

Chapter 19: International Trade (PE CH. 33)

Videos:

The Big Ideas of Trade

Comparative Advantage

Another Look at Comparative Advantage

SUPPLEMENTAL: Comparative Advantage Homework

 

Chapter 20: Globalization and Protectionism (PE CH. 34)

Videos:

Tariffs and Protectionism

 

Appendix: Indifference Curves

Videos:

Indifference Curves

Consumer Optimization

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