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OpenStax Principles of Macroeconomics 2e, Demand and Supply, Demand, Supply, and Efficiency
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By the end of this section, you will be able to:
Contrast consumer surplus, producer surplus, and social surplus
Explain why price floors and price ceilings can be inefficient
Analyze demand and supply as a social adjustment mechanism

Subject:
Applied Science
Material Type:
Module
Provider:
Rice University
Provider Set:
OpenStax College
Date Added:
08/21/2018
Principles of Microeconomics Course Content
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The Principles of Microeconomics course was developed through the Ohio Department of Higher Education OER Innovation Grant. This work was completed and the course was posted in December 2019. The course is part of the Ohio Transfer Assurance Guides and is also named OSS004. For more information about credit transfer between Ohio colleges and universities, please visit: www.ohiohighered.org/transfer.Content ContributorsKen Fah                                             Ohio Dominican UniversityJohn Fiske                                         Ohio Dominican UniversityJoe Nowakowski                                Muskingum UniversityLibrarianNathan Wolfe                                     Kenyon CollegeReview TeamMolly Cooper                                     Ohio State University Subbu Kumarappan                          Ohio State University ATI 

Subject:
Social Science
Economics
Material Type:
Full Course
Provider:
Ohio Open Ed Collaborative
Date Added:
01/09/2019
Principles of Microeconomics Course Content, Model Building, Production Possibilities and Gains from Trade, Model Building, Production Possibilities and Gains from Trade Resources
Conditional Remix & Share Permitted
CC BY-NC
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This topic introduces key concepts that form the foundation of much of microeconomic analysis. The material ranges from a discussion of model-building as a way to simplify complex relationships among economic variables to definitions and descriptions of key concepts such as scarcity, efficiency and inefficiency, opportunity cost, comparative advantage and the gains from trade.

Subject:
Economics
Material Type:
Module
Provider:
Ohio Open Ed Collaborative
Date Added:
05/03/2019