Westwood College Library
Westwood College Online Learning Resource Center
Home | Online Course Resources | Online Books and Articles | General Reference
 

SOC441: Microeconomics
Prerequisite(s): ENG121

This course introduces key concepts and terminology of microeconomics. Topics include the components of economics, trends, prices, and allocations, market dynamics and failures, operations of a firm and big business, taxing and spending, market power, income distribution, unemployment and poverty, gains and strains of trade, and buying and selling abroad. Upon completion of this course, students should be able to explain how economic trends and pricing affect market dynamics; describe how big business, taxing, spending patterns, and poverty influence the
economy; and describe the impact of the global market.


 

Components of Economics

Concise Encyclopedia of Economics
From the Library of Economics and Liberty

Economics
Economics glossary and resources on micro and macro economics from About.com

Economics A-Z
Glossary from the Economist.com

Biz/Ed
Resources on economics including glossary, diagram bank, and acronym finder

U.S. Economic Policy
Economic sanctions, fiscal policy, and trade policy from the Institute for International Economics


Market Dynamics and Failures

Biz/Ed
Characteristics of market failure, government failure, and correcting market failure

Digging Deeper Into Bull and Bear Markets
From Investopedia

Market Activity
Current numbers from NASDAQ


Taxing and Spending

Fact Sheet on the U.S. Tax System
From the U.S. Department of the Treasury

Government Spending
Article by Gordon Tullock in the Concise Encyclopedia of Economics

Internal Revenue Service
IRS History and Structure


Gains and Strains of Trade

COMTRADE
United Nations Commodity Trade Statistics Database

Federation of International Trade Associations (FITA)
Source for internation import/export trade leads

U.S. International Trade Commission
Independent federal agency that provides trade expertise to the legislative and executive branches of government

World Trade Organization
International organization dealing with the rules of trade between nations


Income Distribution

Distribution of Income and Wealth
Resources from About.com

Lorenz Curve
Used in economics to describe inequality in wealth or size

Poverty and Income
Trends in poverty, income inequality, employment, wages, and the working poor from the Center on Budget and Policy Priorities


Textbook Companion Website

Economics Today
Glossary flashcards, additional readings, weekly news, and resources specific to each chapter

Trends, Prices, and Allocations

Market Allocation Schemes
Information from the U.S. Department of Justice on price fixing, bid rigging, and market allocation schemes 

Market Updates
Latest trends and forecasts for the U.S. economy and financial markets from the RBC Financial Group (Canada)

Spotting Stock Market Trends
Article on determining market direction from About.com

Supply, Demand, and Allocation
Step-by-step analysis from Drexel University

U.S. Census Bureau Economic Programs
Latest economic indicator and economic statistics by geography, sector, and frequency


Operations of a Firm and Big Business

APM300: Introduction to Business
Business law, conducting business internationally, and business model resources

Monopoly
Also see related terms for ogliopoly and perfect competition from Investopedia.com


Market Power

Bond Market Association
Links to sites that provide information to investors and financial industry

Global Stock Exchanges
International stock exchanges

U.S. Securities and Exchange Commission
Division of Market Regulation


Unemployment and Poverty

Current Population Survey
Body of data on labor force and unemployment from the Bureau of Labor Statistics

PovertyNet
Introduction to key poverty issues from the World Bank

U.S. Census
Official statistics on poverty in the U.S.


Buying and Selling Abroad

Doing Business Abroad
From the U.S. Department of State

Exchange Rate Regimes/Monetary Policy
Suggested reading from the Institute for International Economics

International & Trade Programs
Tools and resources from the U.S. Chamber of Commerce 

Overview of BLS International Data and Training
Import/export prices, foreign labor statistics, and internationa labor statistics center


Additional Sites of Interest

American Association of Individual Investors
Investment information for the individual investor

Annual Report Gallery
Annual reports for individual and institutional investors

Bloomberg, L.P.
Leading global provider of data, news, and analytics

Bnet
Business white papers, webcasts, and case studies

Business 2.0
Business news, technology news, and innovation

Business Week
Business news

CFO.com
Tools and resources for financial executives

CNN/Money
Business news from CNN and Money magazine

Comptroller of the Currency
Charters, regulates and supervises all national banks (U.S. Department of the Treasury)

Corporate Financials Online
Latest links to news from private companies

Corporate Information
Information on world securities markets including company profiles

Dow Jones and Company
Business and financial news and information

The Economist
Online highlights of print business journal (Full text articles available through EbscoHost)

Entrepreneur
Solutions for growing businesses

Euromoney Magazine
One source for information on many markets

Federal Deposit Insurance Corporation (FDIC)
Helps to maintain a stable and sound banking system

Federal Reserve System
Central bank of the U.S.

Federal Reserve Educational Sites
Links to instructional materials on the Federal Reserve, economics, and financial education

Finance Site List
Links to financial journals and more from the College of Business, Ohio State University

Finance Wise
Search engine focused specifically on financial-only content

Financial Calculators
From Investopedia.com

Financial Market Center
Analytical reports, data sets, teaching tools, and an extensive archive of Federal Reserve records

Financial Times
Financial news

Forbes
Business and financial news

Fortune
Business and financial news

Hoover's Online
View company profiles and view stats and biographies for individual business people

Industry Data Finder
Industry profiles, statistics, forecasts, and news

Institutional Investor.com
News and resources for financial professionals

International Public Management Association for Human Resources
HR resources including benchmarking, best practices, glossary, and web resources

InvestorGuide.com
Investing, stock quotes and research, personal finance and business news

Journals: @Brint.com
Resources from business technology management and knowledge management

Market Watch
Stock market news, commentary, and investor research

Plunkett Research
Industry sector analysis and analysis, industry trends, and industry statistics

Risk Magazine
Online magazine for managing risk

Smart Money
Investing, saving, and personal finance

US Department of the Treasury
Promotes conditions for prosperity and stability in the U.S.

US Securities and Exchange Commission
Protects investors and maintains market integrity

Wall Street Journal
Business and stock market news

Yahoo! Finance
Latest in finance news

ZDNet
Business technology blogs

 

LIBRARY HOME | CONTACT | DISCLAIMER