Readings
assigned for the course
|
- Don't you get any formal training to be a Master?
- They give you a book to read. | |
Richard Bach, Illusions |
I
expect everyone to read the material prior to coming to class. That way, things
we talk about in class will make much more sense.
All the page numbers refer to the required text, "Essentials
of Economics" by Mankiw, 5th ed.
| |
|
Class
period #
|
Date
|
Topics
to be discussed
|
Readings
assigned
|
|
1
|
Wed,
8/24
|
Subject
of economics. Trade-offs and opportunity cost.
Gains from trade.
|
Ch.1-3 |
|
2
|
Wed,
8/31
|
Supply-and-demand
analysis.
|
Ch.4 |
|
3
|
Wed,
9/7
|
Elasticity.
Effect of price controls. Market welfare. |
Ch.5,
pp.89-102
Ch.6, pp.113-124
Ch.7 |
|
4
|
Wed,
9/14
|
Taxation
and its effects.
Externalities and public goods. |
Ch.5,
pp.103-108
Ch.6, pp.125-132
Ch.8, 10, 11 |
|
5
|
Wed,
9/21
|
Production
costs.
Long-run costs and economies of scale.
|
Ch.12,
pp.243-259
|
|
6
|
Wed,
9/28
|
Profit
maximization.
|
Ch.13,
pp.265-269 |
|
7
|
Wed,
10/5
|
No
new readings - review for the test. |
. |
|
8
|
Wed,
10/12
|
Firm
behavior in perfect competition and monopoly.
|
Ch.13,
pp.268-279,
Ch.14, pp.287-299 |
|
9
|
Wed,
10/19
|
Market
structure and economic welfare. Economic systems.
Measuring national income.
|
Ch.14, pp.299-314,
Ch.15 |
|
10
|
Wed,
10/26
|
Measuring cost of living. Economic growth.
Fundamentals of finance. |
Ch.16, 17, 19
|
|
11
|
Wed,
11/2
|
No
new readings - review for the test.
|
. |
|
12
|
Wed,
11/9
|
Money, banking, and the financial system. |
Ch.18,
21(pp.457-463), 22 |
|
13
|
Wed,
11/16
|
Cycles
of economic activity. Unemployment.
Monetary policy.
|
Ch.20,
21 |
|
14
|
Wed,
11/23
|
No
class - Thanksgiving break. |
. |
|
15
|
Wed,
11/30
|
Fiscal policy. Current economic events. |
Ch.24 |
|
16
|
Wed,
12/7
|
International
trade. Exchange rates. |
|
| | |
