OER2 : Waymaker Microeconomics

The OER Outcome-level Effectiveness Report (OER2) presents information about how well course content is working to support student learning as measured by summative assessments aligned to each outcome. This information is updated each semester. We provide this information to the community for accountability and transparency purposes, to increase the field’s understanding of where students struggle in the course, and to facilitate the collaborative continuous improvement of the open content supporting student learning in the discipline.

Spring 2017, Waymaker Microeconomics


Most Difficult Outcomes

  1. Game Theory
  2. The Production Possibilities Frontier
  3. Perfectly Competitive Markets and Efficiency
  4. Costs, Revenues, Profit and Losses in Monopolistic Competitors
  5. The Shutdown Point
  6. Long-Run Costs and Economies of Scale
  7. Profit and Losses in Perfectly Competitive Markets
  8. Revenue, Costs, Profit and Losses in Monopolies
  9. Price Elasticity and Total Revenue
  10. Economics Models

Complete information on outcome-level effectiveness is available here.

If you’re interested in improving student learning in this course, choose an outcome from the list above, review the content used in the course (available in the complete information link above), and then:

  • Create a short video, diagram, explanation, or other resource that will improve student learning on the topic, or
  • Revise or remix the existing course content in a way that will improve student learning on the topic, and
  • Send your improvements to david@lumenlearning.com.

To be considered for inclusion, you must (1) license your contribution CC BY or CC BY-SA and (2) indicate how you would like to be attributed. Once your contribution is reviewed and incorporated, you can return to this page next semester to see how your contribution impacted student learning.