Covers the study of economic elements of supply and demand analysis. Also covers an examination of market structures, market allocation and externalities, labor markets and income distribution, and decision making by the individual firm.
Which class you are working on
I am working on EC201 Principles of Microeconomics.
Which part/how much of your curriculum you’re planning to tackle
I have incorporated OER materials from OpenStax and other open video resources for each module of economic concepts a couple years already.
For this project, I’m revising a couple assignments for my online learning class. My goal is to apply what I learned from open pedagogy and universal design. The two topics that I want to try out are the demand and supply model and/or marginal analysis.
What techniques, approaches or resources you’re planning to try.
I want students to relate the concept to their daily life experience and think of an example of demand and supply.
The learning objective is for them to understand the basic idea of resource allocation in a free market. Students will apply the graphical model to illustrate and explain the price mechanism and moving of productions and consumptions.
Open pedagogy: Students will create their own work and will have peer review. Similar examples will be grouped together and will be used in the next term for tutorial and sample work collection.
Universal design: I’ll provide free resources and options on how to build a demand and supply model; for example, a variety of apps they could use, step by step tutorial on how to plot demand and supply. Students choose the one that fits their skills to start their work.
Culturally Responsive Teaching: the goal of the assignment is a representation of each student’s experience. It also gives them the opportunity to express what they see in the market economy through the different media.
How do you hope that this will serve students more equitably than your previous materials/plan
To increase access to core instructional materials and save them costs.
To improve students’ learning outcomes individually and collaboratively.
EC201 Principles of Microeconomics.
Introduces the principles of microeconomics. Enhances the ability to recognize and analyze economic problems in the United States. Covers the American microeconomic system, which includes a familiarization with the basis of the price system and resource allocation; the operation of the firm; market concentration; regulation and antitrust policies.
This inflation worksheet offers students an opportunity to practice calculating the inflation rate by utilizing the GDP deflator and the Consumer Price Index.
This is a full course in the principles of microeconomics.