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Unit 1: Introduction to Economics and The Economy

If you've taken Macroeconomics, Unit 1 will reinforce the basic concepts you've already learned & will need for this course.

A.  Read the following selections from the Margin Notes by clicking on each link.

Overview: Introduction to Economics Basic Economic Terminology Demand Supply	Demand and Supply Together The Price System Government Functions The Circular Flow
Note: Throughout the margin notes you will see two signs highlighting external links.   You are responsible for the information in links following this sign.     Links following this sign are optional if you'd like more information on that topic.

 

B.  Watch these presentations. When you click on one of the links below, a new screen will pop up. Use the scrollbar on the side of the new screen to navigate. You need Adobe Reader to view PDF files.

[Each may take a few minutes to download. If a presentation looks a little fuzzy, refresh it once or twice and it will sharpen.] Core Concepts Part I Core Concepts Part II Core Concepts Part III

Graphs in Economics Supply and Demand Part I Supply and Demand Part II Supply and Demand Part III

 

C.  (Optional) Read the following chapters from the textbook.

Chapters 01 - 04

 

D.  The following Optional Links are not required. Some are just for fun and some are designed to help you do better in your course.

Elements of Academic Civility Becoming a Critical Thinker Building Your Note-Taking and Study Skills -- A Guide for Students (PDF) Become a More Efficient and Effective Reader  (PDF) Four Steps to Reading a Textbook Quickly and Effectively (PDF) Reading Myths and Skimming (PDF) The Reading Environment (PDF) What’s Your Reading Rate (PDF) The Cornell Method of Note-Taking (PDF) Tips to Help You Fail Your Course What's Your Learning Style? - the VARK Questionnaire

VARK Questionnaire Results (PDF) - an example of the feedback you get from VARK Shadow Syllabus (PDF) I, Pencil (PDF) - fun reading and a good example of specialization Property Rights (PDF) How Do Oil Price Fluctuations Affect Consumers and Their Portfolios? (PDF) Fail Harder Test Yourself: Core Concepts Part I (PDF) Test Yourself: Core Concepts Part II (PDF) Test Yourself: Core Concepts Part III (PDF) Macroeconomics Review

 

E.  Test Email

Send a test email as described in the 1^st announcement on the Online Courses page.

You need to make sure you know what you're doing before you have to send your first assignment. Successfully sending your test email is a course requirement. Your course schedule gives you the date by which I prefer you send it. If you must send it late, I will accept it without penalty but I will not accept any assignments or questions about the course from you until you successfully send your test email.

Study Guides, Strategies and Search Sites

Read Irving Hexham's The Plague of Plagiarism if you are uncertain what constitutes plagiarism.

How to Spell

Five-Step Search Strategy

Sharpen Your Search Skills

Search Engine Resources

From Google: Better Search Results

Google and Beyond

Getting the Most from Google

Beyond Google: Other Good Search Engines

Web Evaluation Questions

Recommended Search Engines

What Makes a Search Engine Good?

Meta-Search Engines

Invisible or Deep Web: What It Is, How to Find It and Its Inherent Ambiguity

Recommended Subject Directories

Learn How to Do Boolean Searches in One Minute Flat

Study Guides and Strategies

For more general reference sites, see also the Student Tools page (See especially, the Table of References on that page.) or the E-Links pages.