New year, new units: CORE’s January beta

Mon 12th January 2015 | Blog

As students return to their courses after the holiday, CORE is launching its January 2015 beta of The Economy, featuring six completely new units. As always, it is free for you to download: if you haven’t used our material before, there’s a simple registration process. If you already use the course on a mobile device, please don’t forget to update. Inkling should prompt you to do this when you open the app.

Three things to look for in the January release:

Unit 15 sample1. Units 11 to 16. Authors Yann Algan, Sam Bowles, Wendy Carlin, David Hope and Kevin O’Rourke have created six new units that build on the concepts and models in Units 1 to 10. The titles are: Credit, banks and money; Economic fluctuations and unemployment; Unemployment and fiscal policy; Inflation and monetary policy; Innovation, unemployment and living standards in the long run; and The nation in the world economy.

Stizlitz video2. Economist in action videos. Our original videos feature economists describing how their work relates to our course material. You will find the videos embedded in the relevant units:

  • Unit 1: Suresh Naidu of Columbia University analyses the “hockey stick” curve of real wages.
  • Unit 3: Juliet Schor of Boston College discusses the reasons why people in wealthy societies often end up working longer hours.
  • Unit 4: Juan Camilo Cárdenas of the Universidad de los Andes shows how he performs economic experiments to discover how selfish we really are.
  • Unit 6: Richard Freeman of Harvard University discusses the consequences of outsourcing for employees and managers.
  • Unit 8: Kathryn Graddy of Brandeis University talks about her search for a real-world example of perfect competition.
  • Unit 10: Joseph Stiglitz of Columbia University pinpoints the market failures that helped cause the global financial crisis.
  • Unit 16: Dani Rodrik of the Institute for Advanced Study considers the trade-offs that nations make when they embrace globalisation.

FRED3. Working with data. In Unit 13, we show students how to download and work with national accounts data from FRED. Other exercises also make use of real-world datasets.

As before, you can download printable pdfs of the units if you prefer (although that means you can’t take advantage of the interactive models, multiple choice tests, popups or videos). Units on financial crises, the environment, and inequality are already in production and will be published in our next major update. Please tell us your opinion of the new material: you can add comments to the unit pages on this site, email us, or comment on our Facebook page.