Economics Interactive Notes & Links
Two-page lecture notes, video lectures, review materials, tests, class discussion and
economic concepts questions
, links to current economic issues, many with videos
Please link to and use as a textbook/supplement and Share  10/8/20

Macroeconomics   Microeconomics    Supplements

Quick Studies Current Economic Controversies  Discussion Questions  Trumponomics  Decision 2020
1-Page Econ  
1-Picture Econ    1-Page Political Econ   Teaching Resources    Calculus Videos

Special Studies
9/9/20  Alarmists Battle Do-nothings Over Covid-19 Lockdown 

U.S. Economic Wellbeing: The Good &
The Bad  
Economics Internet Library

Introduction to

Part 1. Economic Activity

1) Economics Defined

2) Economizing Scarce Resources

3) Market System Capitalism

Related Studies

Socialism, Capitalism and
Political Economy


4) Demand and Supply

5 Economic Questions

6) Government's Economic Functions

7) Market System Participants

Macro Test Review Notes # 1

Part 2. Total Economic Activity

Prelude: Macroeconomics Overview

8) Measuring Total Economic Activity

9) The Business Cycle

Related Studies
Recession Chronology

Most Severe US Recessions

The Great Recession 3 p

Great Recession: Historical Perspective
Tale of Three Depressions

Market Bubbles

Coding Law and the Financial Crisis
Financial Crisis Courses

How US Got Out of Last 12 Recessions


10) Macro Equilibrium

11) Competing Macro Theories

12 Keynesian View Expanded

13 Money, Banking,  Money Creation

Related Studies
A Concise History of US Banking

Macro Test Review Notes #2  and
Macro Overview

Part 3. Controlling Economic Activity

14) Fiscal Policy

15) Monetary Policy

16 Stagflation and Supply-Side Economics

17) Budget Deficits

National Debt is a Catastrophe

18) Economic Growth

 Appendix A International Trade

Free Trade Analysis

Macro Test Review Notes #3 

Special Reports

Video Lectures

Economics, 1 & 2 Econometrics

Economic Thought, History of

Educational Audio, Videos

Environmental Economics

1. Subject Crib Notes
Political Economy Book Summaries
Political Economy
Pre Algebra

Readings: College Topics


Part I: Introduction

Graphs, Math, Equations, and Science in Economics
Is Economics a Science?    Measuring Economic Data

Overview: Basics and a Taste of What’s to Come

Economics is about making choices, not just about profit.
What Is Economics?   Wellbeing and Welfare
We face tradeoffs every day  Scarcity     Cost-benefit analysis

The cost of something is what you give up to get it
Opportunity cost    Real, relative, and nominal prices
Think about small changes first
Margins and Thinking at the Margin
Markets are usually a good way to organize economic activity

Economists agree on principles, differ on government policy.
Economic Systems

Thinking Like an Economist
Read and Listen Critically to the News

material to come

Supply and Demand Applies to Surprising Situations
Human Capital


2. Capitalism Caused
Middle-Class Plight

3. Western Civilization
began increased wellbeing and
the need for economic decision.

3. Western Civilization
began increased wellbeing and
the need for economic decision.



Work     Education    Health and Safety

 Taxes     Debt    Poverty   Government

Civility    Fake News  Geopolitics  

Grand Strategy  2020 Election  

The Bottom Line   Decesion 2020

4. Business Subjects Course Materials

5. Election 2020

What You Should Know About

Election 2020 Economic Questions

Decision 2020 from

Harvard Recommendations

Presidential Elections 1788 -2016

Related Studies

Political Eras 1788-2019

US Political Economy Cycles

US Constitutional History
Magna Carte to Trump's SC Battle

Constitutional History of the US
From Jamestown to Selma, Alabama

Coding Law and the 2008 Financial Crisis
How the Law Created Wealth

How Democracies Die

6.Political Economy
 Fake News
Quantitative Misrepresentations
 from Some Media, Economist, Politicians Need Attention

National Debt is a Catastrophe
Wages Continue to Stagnate
Income Stagnation Continues

Theory Notes
1-2 pages per chapter
No Internet Links, Pictures, Videos

Macro Ch 1-7  
Ch 8 -13   Ch 14-18

Ch 19-22
   Ch 23-29  Ch 30-33

Current Economic Issues
News    Questions
Political Issues   Presidential Issue

Long-Term Issues

COVID-19 Planning Economic Recovery

Current Economic Issues
News    Questions
Political Issues   Presidential Issue

Long-Term Issues
 Question and Issues
Post WW 2 US Economic Normality

Post WW 2 World Economic Normality

Teachers Resources 


Supply and Demand: How Markets Work
Supply and Demand Basics
Demand    Supply    Supply and Demand, Markets and Prices.

Putting supply and demand together, markets and prices.

The Role of Institutions, Property Rights, Laws, and Customs
Economic Institutions   Property Rights

Trade makes everyone better off  Exchange and Trade
Comparative Advantage and the Benefits of Trade

Measuring Macroeconomic Data
Measuring a Country’s Income and Growth

GDP  Employment and Unemployment  Inflation 
Government Budget Deficits and Government Debt

Ability to produce goods and services determine Living Standards
Economic Growth   Division of Labor and Specialization

The Monetary System

Business Cycles, Financial Crises,
and Short-Run Economic Fluctuations

Business Cycles, Recessions, Financial Crises

Business Cycles
Financial Crisis of 2008.
Employment and Unemployment

Aggregate Demand and Aggregate Supply

The Influence of Monetary and Fiscal Policy on Aggregate Demand

Money Growth and Inflation

Saving, Investment, and Personal Financial Decisions

Employment, Unemployment, Natural Rate of Unemployment

Microeconomics Notes

Part 1. Introduction to Microeconomics

19) Demand Elasticity Affects Revenue

20) Consumer Behavior Theory

21) How Cost of Production Affects Supply

22) Analyzing Profit

Micro Test Review 1

Part 2. Product and Factor Markets

23) Pure Competition

24) Monopoly

25) Monopolistic Competition

26) Oligopoly

27) Demand: Economic Factors

28) Wage Determination

29) Rent, Interest, and Profit

Micro Test Review 1

Micro Test Review Notes 2

Part 3. Government, Capitalism, Mixed Economy

30) Public Goods When Markets Fail

31) Market Based Externalities

32) Antitrust/Government Regulation

33) Distributing Income

Harvard Decision 2020 Recommendations

Micro Test Review Notes #3

Appendix A International Trade 

Special Reports

Working with Communism

Trade Troubles

Free Textbooks

Classic e-books


Economic Classics


Quick Notes

Research Methods


Subject Crib Notes

Political Economy Book Summaries


Political Economy

Pre Algebra




Theory Notes Only
1-2 pages per chapter
No Internet Links, Pictures
Ch 1-7
Ch 8 -13
Ch 14-18

Ch 19-22
Ch 23-29

Ch 30-33

For Discussion
Capitalism Caused

Middle-Class Plight

Western Civilization
began increasing wellbeing
and the need for economic decision

World Getting Better?

See Economics Internet Library

Part II: Microeconomics

Supply and Demand Basics
Supply and Demand, Markets and Prices.
Putting supply and demand together, markets and prices.

Elasticity of Demand

Firm Behavior and the Organization of Industry

The Costs of Production

Costs of Production

Labor Costs Employment and Unemployment


Earnings and Discrimination

Income Distribution  Income Inequality

more to come

Supply, Demand, and Government Policies
Price Controls, Price Ceilings, and


Markets and Evaluating How Well-Off We Are:
Consumers, Producers, Efficiency, Welfare, Well-being

Consumers, Producers and the Efficiency of Markets

Consumers   Producers   Entrepreneurs
Profit    Efficiency    Behavioral Economics (more to come)
Application: The Costs of Taxation (more to come)
Application: International Trade (more to come)

Governments sometimes improve on market outcomes
Market Failures, Public Goods, and Ext
Price Floors externalities

Governments can make conditions worse than market outcomes

Government Failures, Rent Seeking, and Public Choice

The Economics of the Public Sector
Externalities, Public Goods, and Common Resources

Rent Seeking and Public Choice

The Tax System

Part 3 Supplements

History of US Political Economy

Current Economic Questions

Economics 1 and 2 Video Lectures

Economic Classics

Political Economy Videos

Current Economic News Raises Questions

Fake News Created Questions

Short-term Economic Question

Longer-Term Economic Questions

Middle Class Economics

What Happened to the US Economy



Page 1 Economics

St Louis FED


International Economics and the Macroeconomics of Open Economies

Open-Economy Macroeconomics: Basic Concepts

Open Economy Macroeconomics

Ongoing Debates

College Economics Topics materials by
Lauren F. Landsburg.
Arnold S. Kling (Costs of Production)

Work    Education    Health and Safety     Taxes     Debt    Poverty    Government   Civility

Fake News     Geopolitics     Terror    2020 Election     The Bottom Line     Decesion 2020