Student Resources

This book grew, in part, out of years of teaching graduate students, undergraduates and high school teachers at University of Arizona, and we hope that it can be used to support learning at various levels.

In the fall of 2015, we launched the course as a dual enrollment high school course at the University of Arizona, PHIL 101 and now PPEL 101 (Philosophy, Politics, Economics, and Law). We assume the students have no background in economics. This course is a mix of lecture, discussion, and active learning. Students read the book, as well as other readings, and use other related content to prompt discussion. 

In this section of the website, we provide the course materials. These materials include the other readings, videos, podcasts and some activities We hope you will find this material useful as a supplementary resource to the book, and a way to enrich your learning experience.

Given that the book is actively taught, this page will be regularly updated, so do check back often!

If you would like to make a suggestion for publicly available materials to add to the teaching experience, please use the link to make a suggestion. 

Resource Title Type Concept
     Introduction
     Why Ethics?
     Why Ethics?
     Why Ethics?
     Why Ethics?
     Why Ethics?
     Why Economy?
     Why Entrepreneurship?
     1 TRADE: We thrive as human beings because we learned to make deals with strangers
     1 TRADE: We thrive as human beings because we learned to make deals with strangers
  1 TRADE: We thrive as human beings because we learned to make deals with strangers
     2 RESOURCES: A resource is anything that can be put to use
     3 COST: Choice is unavoidable
  3 COST: Choice is unavoidable
     3 COST: Choice is unavoidable
     4 INSTITUTIONS: We develop frameworks for interacting that help us to trust each other and make deals
     5 VALUE: Our values are what we aim at, and judge to be worth aiming at, when we make choices.
     Progress
     Progress
     Progress
     Progress
     Production Possibilities Curve
     Production Possibilities Curve
  Production Possibilities Curve
     Comparative Advantage
     Comparative Advantage
     Comparative Advantage
     Comparative Advantage
     Comparative Advantage
     Division of Labor
     Division of Labor
     Division of Labor
     Why trade?
     Buyers
     Buyers
     Sellers
     Sellers
     Sellers
     A Market: Supply and Demand
     A Market: Supply and Demand
     A Market: Supply and Demand
     Influences on Predicted Price and Quantity
     Influences on Predicted Price and Quantity
     Surplus in Markets
     Surplus in Markets
     Price Signals and Decision Making
    ,      Price Signals and Decision Making
     Price Signals and Decision Making
     Price Controls
     Price Controls
     Price Controls
     Economic Science: Putting the theory to the test
     Economic Science: Putting the theory to the test
     Progress and Wealth Creation
     Principal-Agent Framework
     Principal-Agent Framework
     Principal-Agent Framework
     Principal-Agent Framework
     Principal-Agent Framework
     External Cost
     External Cost
     External Cost
     Tragedy of the Commons
     Tragedy of the Commons
     Tragedy of the Commons
     Tragedy of the Commons
  Tragedy of the Commons
     Property
     Trust
     Trust
     Trust
     Trust
     Benefits for Bystanders
     Benefits for Bystanders
     Benefits for Bystanders
  Benefits for Bystanders
     Benefits for Bystanders
     Market Structure and Market Power
     Market Structure and Market Power
     Market Structure and Market Power
     Monopoly Power
     Monopoly Power
     Monopoly Power
     Monopoly Power
     International Trade and Trade Protection
     International Trade and Trade Protection
     International Trade and Trade Protection
     Institutions of Commercial Society
     Fractional Reserve Banking
     Fractional Reserve Banking
     Fractional Reserve Banking
     Fractional Reserve Banking
     Measuring Economies
     Measuring Economies
     Measuring Economies
     Gross Domestic Product (GDP)
     Gross Domestic Product (GDP)
     Gross Domestic Product (GDP)
     Unemployment Rate
     Unemployment Rate
     Price Level – CPI, GDP Deflator
     Fiscal Policy
     Fiscal Policy
     Monetary Policy
     Monetary Policy
     Monetary Policy
     Monetary Policy
     Public Choice
     Knowledge Discovery
     What Innovation Looks Like
     ADVANCED: Theory of Production, Supplier Cost Curves
     ADVANCED: Theory of Production, Supplier Cost Curves
     Entry, Exit, and the Role of Profit
     Creative Destruction
     Creative Destruction
     Creative Destruction
     The Entrepreneur as a Resource Integrator
     The Entrepreneur as a Resource Integrator
     Creating Value
     Competitive Advantage - The dynamics of remaining viable