ECON001 Principles of Microeconomics
(Readings
should be completed prior to lecture)
DATES 
TOPICS 
READING AND
ASSIGNMENTS Grading Scale 
May 19 
Chapter 1: What is Economics 
TEXT:
Chapter 1 and Appendix to Chapter 1 Chapter 1 Appendix: Graphing
Data (No need to download) Problem Set 1 (Due in class on May 20, 2019) 
May 20 
Chapter
2: The Economic Problem 
TEXT:
Chapter 2 Discussion of Problem Set 1 (if necessary) 
May 21 
Chapter
3: Demand and Supply 
TEXT: Chapter 3 Deriving the Demand and
Supply Curves Supply and Demand
Problems (Just for Fun)
Graphs for Practice (WORD) Problem Set 2 (Due in class on May 22, 2019) Demand and Supply Example 
May 22 
Chapter
4: Elasticity 
TEXT: Chapter 4
Problem Set 3 (Due
in class on May 27, 2019) 
May 23 
Catching up Time and Recitation 
Recitation
and Discussion of Problem Set 2 Quiz 1 
May 26 
Chapter
5: Efficiency and Equity 
TEXT:
Chapter 5 CHAPTER
5 LECTURE EFFICIENCY AND EQUITY (PPT) PROBLEM SET 4 (Not required to be handed in, but will be discussed in recitation on May 28, 2019) 
May 27 
Chapter 5: Government Actions in
Markets 
TEXT: Chapter 6 
May 28 
Recitation
and Review
for Exam 

May 29 


May 30 
Chapter
8: Utility and
Demand Chapter
9: Possibilities, Preference and
Choices 
TEXT:
Chapters 8 and 9 Utility and Demand, Possibilities, Preference and Choices PROBLEM SET 5 (Due in class on June 11, 2019) 
June 9 and 10 
Chapter
9: Possibilities, Preference and
Choices 
TEXT:
Chapters and 9 Handout on Chapter 9: Price Effect – Income and
Substitution Effects INCOME AND SUBSTITUTION EFFECTS (No need to download) UTIILIZING INDIFFERENCE CURVE ANALYSIS (PPT) 
June 11 
Chapter
10: Organizing Production 
TEXT:
Chapters 10
Chapter 10 Lecture  Organizing
Production (PPT) PRESENT VALUE UNDERSTANDING BONDS (PPT) Problem Set 6 (Due in class on June 16, 2019) 
June 12 and 13 
Chapter
11: Output and Costs 
TEXT:
Chapter 11 CHAPTER
11 LECTURE – PRODUCTION, OUTPUT AND COSTS Isoquants
and Isocost CuRVES Problem Set 7
(Due in class on June 17, 2019 for
recitation. No need to be handed it – good practice and yes, you will
get 1 point credit) Quiz 2 (June 13) 
June 16 
TEXT:
Chapter 12 

June 17 
Recitation
and Review for Exam 

June 18 


June 19 
Chapter
12: Perfect Competition Chapter 13: Monopoly 
TEXT:
Chapter 13 Chapter 12 Lecture 
Perfect Competition (PPT) CHAPTER 13 LECTURE
– MONOPOLY (PPT) Problem Set 8
(Due in class June 23, 2019) 
June 20 
Chapters 14 and 15: Monopolistic Competition and Oligopoly 
TEXT:
Chapters 14 and 15 CHAPTER 14
LECTURE MONOPOLISTIC COMPETITION (PPT) CHAPTER
15 LECTURE – OLIGOPOLY (PPT)
Problem Set 9 (Due in class June 24, 2019) 
June 23 and 24 
Chapters 16
and 17: Public Choices, Public Goods and Economics of the Environment 
TEXT:
Chapters 16 and 17
CHAPTERS
16 AND 17 LECTURE  PUBLIC CHOICES, PUBLIC GOODS AND EXTERNALITIES (PPT) PROBLEM SET 10 (Due in class June 25, 2019) 
June 25 
Chapter
18: Markets for Factors of
Production 
TEXT: Chapters 18 CHAPTER
18 LECTURE  MARKETS FOR FACTORS OF PRODUCTION (PPT) Problem Set 11 (We will discuss in class on June 26) 
June 26 
Recitation and Review for Exam 
Review for Exam 
June 27 
Final Exam 
