| Week |
Topic |
Reading and Assignments |
|
September
24 |
Introduction
to the economic problem
|
Francis
(F)
1
Mankiw (M):
Ch 1
Reading One
|
|
September
29 |
Economic Systems
Methods and Assumptions of
Economic Analysis
- Economic Models
- Production 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
- Comparative and absolute advantage
- Gains from trade
- Efficiency
- Consequences of trade
Exam 1 October 14
Market Analysis
|
M: Ch 3
Notes
for exam 1
After Exam M: 4 |
|
October
20 |
Market
Analysis
|
M: 4
|
|
October
27 |
No Class October 27
Market Analysis
- Elasticity
- Government Policy in the market place.
|
M: 5
& 6
|
|
November
3
|
Exam 2
November 3 Competitive Markets
and Efficiency
Analytical Frameworks
- Neoclassical
- Structuralist
- Keynesian
|
Outline
for Exam 2
After Exam
M: 7
F: 6
|
|
November
10
|
No Class November 11
Market Failures and Government
intervention
- Public Goods
- Externalities
- Resource
Pricing
|
M:10
& 11,
19 & 20 F: 7 & 8
|
|
November
17 |
Market Failures and Government
intervention
- Economic Discrimination
- Equity & Income Redistribution
Exam 3
November 20
The Theory of the Firm
- Production function
- Cost
- Graphical Analysis
- Spreadsheet analysis
|
M: 19 & 20
Outline for exam 3
After exam
13
|
|
November
24 |
The Competitive Market
No Class November 27 & 28
|
F: 9
M:
14
|
|
December
1 |
Monopoly Market
Structure
- Behavior
- Inefficiencies
- Price discrimination
- Strategic Behavior
Oligopoly
- Strategic behavior
- Game 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 |
