Principles of Economics

An Open Textbook

D. Curtis and I. Irvine
Edited by Lyryx Learning
Access Textbook: PDF ePub
Lyryx Online Resources:  Online Homework
Ancillary (Open) Resources: Multiple Choice Bank, Slides
*Please contact us for access to the LaTeX source and additional resources
LMS Integration: Brightspace, Moodle, and most LMS supporting LTI protocol

Pricing: Info


Principles of Economics is an adaptation of the textbook, Macroeconomics: Theory, Markets, and Policy by D. Curtis and I. Irvine, and presents a complete and concise examination of introductory macroeconomics theory and policy suitable for a first introductory course.

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.

This textbook is intended for a two-semester sequence covering both Micro- and Macroeconomics.