Principles of Economics
Our Principles of Economics open-text resource provides concise yet complete coverage of introductory microeconomic theory, application and policy in a Canadian and global environment. It also presents a complete and concise examination of introductory macroeconomics theory and policy suitable for a first introductory course. It includes an interactive e-textbook, algorithmic assessments powered by a test bank with over 300 unique questions, solution manuals, animated PowerPoint presentations, and real-time performance dashboards to view individual or class performance.
The Principles of Economics resource has been authored by D. Curtis and I. Irvine. It is an adaptation of the textbooks, Microeconomics: Markets, Methods, and Models and Macroeconomics: Theory, Markets, and Policy. To request access to the demo course, click here.
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This adaptation employs methods that use equations sparingly and do not utilize calculus. The key issues in most chapters are analyzed by introducing a numerical example or case study at the outset. Students are introduced immediately to the practice of taking a data set, examining it numerically, plotting it, and again analyzing the material in that form.
The end-of-chapter problems involve numerical and graphical analysis, and a small number of problems in each chapter involve solving simple linear equations (intersecting straight lines). However, a sufficient number of questions is provided for the student to test understanding of the material without working through that subset of questions.
Examples are domestic and international in their subject matter and are of the modern era — financial markets, monetary and fiscal policies aimed at inflation and debt control, globalization and the importance of trade flows in economic structure, and concerns about slow growth and the risk of deflation, are included.
Detailed solutions to exercises are provided at the end of the e-textbook for those adopting the Vretta-Lyryx assessment.