Week Topic Reading and Assignments

 

September 

24

Introduction to the economic problem
bulletDefinitions
bulletIssues

 

 

Francis (F)

1

Mankiw (M):

Ch 1

Reading One

September 

29

 

Economic Systems

Methods and Assumptions of Economic Analysis

bulletEconomic Models
bulletProduction Possibilities

 

F: 2

M: Ch 2

 

October

6

Adam Smith and Rational Self-interest

Trade and Productive Efficiency

 
F:  3, 4 & 5

M:  Ch 3

 

October

13

The Market System and Trade

bulletComparative and absolute advantage
bulletGains from trade
bulletEfficiency
bulletConsequences of trade

Exam 1 October 14

Market Analysis
bulletSupply

M: Ch 3

Notes for exam 1

After Exam M: 4

October

20

 

Market Analysis

bullet

Demand

bullet

Equilibrium

M:  4
October

27

No Class October 27

Market Analysis

bulletElasticity
bulletGovernment Policy in the market place.

 

M: 5 & 6

 

November

3

 

Exam 2 November 3

Competitive Markets and Efficiency

Analytical Frameworks

bulletNeoclassical
bulletStructuralist
bulletKeynesian

 

Outline for Exam 2

After Exam

M: 7

F: 6

 

 

November

10

 

No Class November 11

Market Failures and Government intervention 

bulletPublic Goods
bulletExternalities
bulletResource Pricing

 

M:10 & 11, 19 & 20

F: 7 & 8

 

November

17

Market Failures and Government intervention 
bulletEconomic Discrimination
bulletEquity & Income Redistribution

Exam 3 November 20

The Theory of the Firm

bulletProduction function
bulletCost
bulletGraphical Analysis
bulletSpreadsheet analysis

M: 19 & 20

Outline for exam 3

After exam

13

 

November

24

The Competitive Market

bulletProfit
bulletMarginal analysis
 

No Class November 27 & 28

F: 9

M: 14

 

 

December

1

Monopoly Market Structure

bulletBehavior
bulletInefficiencies
bulletPrice discrimination
bulletStrategic Behavior

Oligopoly

bulletStrategic behavior
bulletGame theory

Monopolistic Competition

M

15, 16 & 17

December

10

Final Exam: 

8:30-  Wed Dec 10  8:00 - 10:00

11:23- Wed Dec 10 11:00-1:00

 
Notes for Exam 4