Economics 102 - MICROECONOMIC PRINCIPLES

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DATES

TOPICS

READING AND ASSIGNMENTS

WEEK 1

September
6, 8

Chapter 1: Economics: Foundations and Models 

 

Chapter Objectives

  Chapter 1

TEXT:  Chapter 1 and Appendix to Chapter 1

 

Chapter 1 Lecture - Economics: Foundations and Models     (Word)    

 

Chapter 1 Appendix: Using GRAPHs and formulaS     (PPT)   (This material is optional)

 

Practice Problem 1 (Chapters 1,2,3,4,5,6)     (Word)

WEEK 2

September
11, 13, 15

 Trade-offs, Comparative Advantage, and the Market System The Economic Problem

 

Where Prices Come From: The Interaction of Demand and Supply

 

Chapter Objectives

Chapters 2, 3

TEXT:  Chapters 2 and 3

 

Chapter 2 LECTUREA - Trade-offs, Comparative Advantage, and the Market System     (PPT

 

Chapter 2 LECTUREB - ABSOLUTE AND COMPARATIVE ADVANTAGE     (Word)  

  

Chapter 3 LECTURE - Where Prices Come From: The Interaction of Demand and Supply     (PPT)

 

Supply and Demand Problems   (Just for Fun)      (Word)

 

Good Website For Supply and Demand Practice     Graphs for Practice     (Word)

WEEK 3

September
18, 20, 22

Where Prices Come From: The Interaction of Demand and Supply Cont’d

 

Economic Efficiency, Government Price Setting, and Taxes

 

Chapter Objectives

Chapter 4

TEXT: Chapters 3 and 4

 

Chapter 3 LECTURE - Where Prices Come From: The Interaction of Demand and Supply     (PPT)

 

chapter 4 Lecture Economic Efficiency, Government Price Setting, and Taxes     (PPT)    

 

Quiz 1 - September 20

WEEK 4

September

25, 27, 29

 Externalities, Environmental Policy, and Public Goods

 

Chapter Objectives

Chapter 5

TEXT: Chapter 5

 

Chapter 5 lecture – Externalities, Environmental Policy, and Public Goods     (PPT)

 

Study Guide Exam 1     (Word)

WEEK 5

October

 2, 4, 6

Elasticity: The Responsiveness of Demand and Supply

 

Chapter Objectives

Chapter 6

TEXT: Chapter 6 

Chapter 6 Lecture - Elasticity: The Responsiveness of Demand and Supply     (PPT)

 

Quiz 2 – October 6

WEEK 6

October
9, 11, 13

Review for Exam 

 

Exam 1

 

Firms, the Stock Market, and Corporate Governance

 

Chapter Objectives

Chapter 8

Chapter Review for Exam

 

(Practice Problem 1 should be completed. Not required to be handed in)

 

Exam 1 - October 11

TEXT: Chapter 8

Chapter 8 Lecture - Firms, the Stock Market, and Corporate Governance Lecture     (PPT)

WEEK 7

October
16, 18

Technology, Production,

and Costs

 

Chapter Objectives

Chapter 11

 

 

TEXT: Chapter 11

 

CHAPTER 11 LECTURE - Technology, Production, and Costs     (Word)

 

Practice Problem 2 (Chapters 8, 11,12, 13)    (Word)

WEEK 7

October
23, 25, 27

Technology, Production,

and Costs Cont’d

 

Firms in Perfectly Competitive Markets

 

Chapter Objectives

Chapter 12

TEXT: Chapters 11 and 12

 

Chapter 12 Lecture - Firms in Perfectly Competitive Markets     (PPT)

 

Study Guide Exam 2     (Word)

WEEK 9

October 30

November 1, 3

Monopolistic Competition: The Competitive Model in a More Realistic Setting

  

Chapter Objectives

Chapter 13

TEXT: Chapter 13

 

CHAPTER 13 LECTURE MONOPOLISTIC COMPETITION: THE COMPETITIVE MODEL IN A MORE REALISTIC SETTING     (PPT)

 

Quiz 3 – November 3

WEEK 10

November

6, 8, 10

Review for Exam

 

Exam 2

 

Oligopoly: Firms in Less Competitive Markets

 

Chapter Objectives

Chapter 14

 

Review for Exam

 

(Practice Problem 2 should be completed. Not required to be handed in)

 

Exam 2 - November 8

 

TEXT: Chapter 14

 

CHAPTER 14 LECTURE - Oligopoly: Firms in Less Competitive Markets     (PPT)

Last Day to Withdraw with a "W" is November 11

WEEK 11

November

13, 15, 17

Oligopoly: Firms in Less Competitive Markets

 

 Monopoly and Antitrust Policy

 

Chapter Objectives

Chapter 15

TEXT: Chapters 14 and 15

 

 

CHAPTER 14 LECTURE - Oligopoly: Firms in Less Competitive Markets     (PPT)

 

CHAPTER 15 LECTURE - Monopoly and Antitrust Policy     (PPT)

 

 Practice Problem 3 (Chapters 14,15,16,17)     (Word)

WEEK 12

November

20

 Monopoly and Antitrust Policy Con’t

 

TEXT: Chapter 15

  

CHAPTER 15 LECTURE - Monopoly and Antitrust Policy     (PPT)

WEEK 13

November 27, 29

December 1

Pricing Strategy

The Markets for Labor and Other Factors of Production

Chapter Objectives

Chapter 16, 17

TEXT: Chapters 16 and 17

 

CHAPTER 16 LECTURE – PRICING STRATEGY     (PPT)

 

CHAPTER 17 LECTURE - The Markets for Labor and Other Factors of Production     (PPT)

 

 

Quiz 4 - November 29

WEEK 14

December
4, 6, 8

The Markets for Labor and Other Factors of Production Cont’d

Income Inequality

TEXT: Chapters  17 and 18

 

CHAPTER 17 LECTURE - The Markets for Labor and Other Factors of Production     (PPT)

 

CHAPTER 18 LECTURE – Income INequality     (PPT)

 

Quiz 5 - December 8

Study Guide 3     (Word)

WEEK 15

 

December

11

Catching- up Time

and Review

Review for Exam

 

(Practice Problem 3 should be completed. Not required to be handed in)

December
13 - 21

Final Exam Week

Final Exam Schedule