|
Office Hours: Available
in Zoom conferencing. Please email me if you would like to meet in Zoom. Refer
to the Zoom address in Canvas under Office Hours. |
|
|
||
|
DATES |
TOPICS |
READINGS AND
ASSIGNMENTS (Acrobat
Reader) |
|
Week 1 January 10, 12 |
Analyzing
Economic Problems
Demand and Supply
Analysis |
Text Reading:
Chapters 1, 2 and Mathematical Appendix Chapter 1
Lecture Analyzing Economics Problems (WORD) CHAPTER 2
LECTURE DEMAND AND SUPPLY ANALYSIS (WORD) Algebra
and Calculus Review - An
excellent review of the mathematics necessary for this course. THE
MATHEMATICS OF OPTIMIZATION (PPT) Problem Set 1 Assigned -
Due Date: January 24, 2021 |
|
Week 2 January 17, 19 |
Price Elasticity of Demand and Other
Elasticities Consumer Preferences
and the Concept of Utility |
Text Reading: Chapters 2
and 3 CHAPTER 2
LECTURE DEMAND AND SUPPLY ANALYSIS (WORD) The J-Curve (WORD) J-Curve
Further Explained CHAPTER
3 LECTURE - CONSUMER PREFERENCES AND THE CONCEPT OF UTILITY (WORD) Problem Set 2 Assigned - Due Date: January 31, 2021 |
|
Week 3 January 24, 25 |
Consumer Preferences
and the Concept of Utility Contd Consumer Choice |
Text Reading: Chapters 3 and 4 CHAPTER
3 LECTURE - CONSUMER PREFERENCES AND THE CONCEPT OF UTILITY (WORD) |
|
Week 4 January 31 February 2 |
Consumer Choice Contd Theory of Demand |
Text Reading: Chapters 4 and 5 Chapter 4 Lecture
Consumer choice (WORD) CHAPTER 5
LECTURE THEORY OF DEMAND (WORD) Problem Set 3 Assigned - Due Date: February 11, 2021 |
|
Week 5 February 7 |
Theory of Demand Contd Catching-up Time and Review for Exam (Friday, Feb. 12 at 3:30 pm) (Saturday, Feb. 13 at 11:30 am) |
Text Reading: Chapter 5 CHAPTER 5 LECTURE THEORY
OF DEMAND (WORD) Comparing the Hicks
and Slutsky Method (No Need to Download) Income
and Substitution Effects: Applications (No Need to Download) |
|
Week 6 February 14, 16 |
Intertemporal Choice General Equilibrium |
Exam 1 February 14, 2021 (MC)
(Problems) Intertemporal
Choice (No Need to Download) Chapter 16
Lecture - General Equilibrium Theory (PPT) |
|
Week 7 February 21, 23 |
Risk and Information Inputs and Production Functions |
Text Reading: Chapters 15 and 6 CHAPTER 15 LECTURE rISK AND INFORMATION (WorD) Problem Set 4 Assigned - Due Date: March 14, 2021 |
|
Week
8, Sunday February 28, 2021 Thursday, March 4, 2021 Spring Break, No Classes |
||
|
WEEK 9 March 7, 9 |
Input and Production Functions
Contd Costs and Cost Minimization |
Text
Reading: Chapters 6 and 7 CHAPTER 6
LECTURE INPUTS AND PRODUCTION FUNCTIONS (WORD) CHAPTER 7 LECTURE
COSTS AND COST MINIMIZATION (WORD) Problem Set 5 Assigned - Due Date: March 21, 2021 |
|
WEEK 10 March 14, 16 |
Cost Curves Perfect Competition |
Text Reading: Chapters 8 and 9 CHAPTER 8 LECTURE COSTS
CURVES (WORD) Chapter 9
Lecture - PERFECTLY COMPETITIVE Markets (PPT) Problem Set 6 Assigned - Due Date: March 25, 2021 |
|
WEEK 11 March 21, 23 |
Perfect Competition Contd Competitive Markets: Applications |
Text Reading: Chapters 9, 10 and 11 Chapter 9
Lecture - PERFECTLY COMPETITIVE Markets (PPT) CHAPTER
10 LECTURE COMPETITIVE MARKETS: APPLICATIONS (WORD) |
|
WEEK 12 March
28,
30 |
Review for Exam
(Covers
Chapter 15, 16, 6, 7, 8,
9) |
Exam 2 March 30, 2021 Text Reading: Chapter 11 Problem Set 7 Assigned - Due Date: April
25, 2021 |
|
WEEK 13 April
6 |
Monopoly and Monopsony |
Text Reading: Chapters 11 and 12 |
|
WEEK 14 April 11, 13 |
Capturing
Surplus Contd Market Structure and Competition |
Text Reading: Chapters 12 and
13 Chapter 12 Lecture
Capturing Surplus
(PPT) CHAPTER
13 LECTURE MARKET STRUCTURE AND COMPETITION (WORD) |
|
WEEK
15 April 18, 20 |
Game Theory and Strategic
Behavior |
Text Reading: Chapters
14 and 15 Chapter
14 Lecture - Game Theory and Strategic Behavior (PPT) |
|
WEEK 16 April 25, 26 |
Review and Catching-up |
|
|
Exam Period
|
Final Exam |
Final Exam is Thursday, April 29, 2021 12:30pm -2:30pm |