Textbook and References:
1b. [ 9 /12]
Production Possibility Frontier
(notes2,
blog2;
Ch. 2[4e])
[Note special
date!]
Videos:
Why Politicians Don't Cut Spending,
Opportunity Cost,
and
Trade Creates Wealth.
ALL:
Economic Methods and Economic
Questions (Ch.
2)
1c. [ 9 /14] Gains from Trade (notes3,
blog3;
Ch. 3[5e])
Experiment 2:
Gains from Trade (Results: 07F,
08F,
09F,
10F,
15F)
ALL:
Optimization: Doing the Best You Can
(Ch. 3)
2. [ 9 /21]
Supply and Demand (notes4,
blog4;
Ch. 4[7e])
Experiment 3:
Seeing the Invisible Hand (Results: 07F,
08F,
09F,
13F-HSS,
15F@p.12,
17F)
WSJ reading:
Nasdaq Fresh Market Failure,
Nasdaq Facebook Problem,
How NYSE really works, and
How BATS ruined its own IPO.
ALL:
Demand, Supply and
Equilibrium
(Ch. 4)
3. [ 9 /28]
Elasticity;
"Fixing" the
Market? Bad Idea! (notes5 and
notes6,
blog5 and
blog6)
Experiment 4:
Price Control (Results:
07F,
08F,
09F,
15F@p.7,
17F)
Try analyzing
Elasticity in
Calculus 1!
4. [10/ 5 ]
Markets and Welfare:
Application to Taxation (notes7
and
notes8,
blog7 and
blog8)
Experiment 5:
Taxation (Results: 07F,
08F,
09F)
ALL:
The Government in the Economy: Taxation and Regulation
(Ch. 10)
5. [10/12] Markets and Welfare:
Application to
Trade (notes9,
blog9;
Ch. 9[4e])
ALL:
Trade (Ch.8)
• [10/19] Quiz 1 (Ch. 1-9)
6. [10/26]
Classical Market Failure:
Externalities
(notes10,
blog10)
Experiment 6:
A Tradable Permit Market (Past Results: 07F,
08F)
[Tradable Permit Market Exam Question (old)]
ALL:
Externalities
and Public Goods (Ch. 9)
Read about
The
Economics of Spam.
7. [11/
2 ]
Classical Market Failure: Public Goods and
Common Resources
(notes11,
blog11)
Experiment
7:
Public Goods
Contribution and Irrigation Game (Results: 07F,
08F,
17F)
Read how
Anonymity Affects
Donation and
Private Production of Public Goods.
• [11/
9 ]
Midterm (170 minutes: 10:20am-1:10pm) - Ch.1-11
Old Midterms:
17F,
16F, 15F, 14F,
13F,
12F,
10F,
09F,
08F,
07F,
Sample
8. [11/16]
Cost of Production (notes13,
blog13)
Experiment 8:
Happy Production
(Results: 18F)
See
What the Firm Should Do.
ALL:
Sellers
and Incentives (Ch. 6)
9. [11/23]
Competitive Markets
(notes14,
blog14)
Experiment 9:
Bargaining
and Perfect Competition (Results: 08F,
08F-MA;
underlying GE theory)
ALL:
Perfect Competition and the Invisible Hand
(Ch. 7)
10. [11/30]
Monopoly
(notes15,
blog15)
Experiment 10:
Monopoly, Cartel, and Price Discrimination
(Results: 07F,
07Faudience)
Read Why
Regulate Utilities?
ALL:
Monopoly (Ch.
12)
11. [12/ 7 ]
Monopolistic Competition
(notes16,
blog16)
Experiment 11:
A Price & Quantity Market (Results: 07F)
ALL:
Oligopoly and Monopolistic Competition
(Ch. 14)
12a. [12/12] Oligopoly (notes17, blog17) [Note special date!]
12b. [12/14]
Oligopoly (notes17,
blog17)
Experiment
12:
Duopoly (07F results)
Read about
Possible Price-fixing by Taiwan CPC and FPC.
ALL:
Game Theory and Strategic Play
(Ch. 13)
13a. [12/17]
Factor Markets
(notes18,
blog18 )
[Note special
date!]
ALL:
Markets
for Factors of Production (Ch. 11)
13b. [12/21]
Wage
Differentials and Discrimination (notes19,
blog19)
Experiment 13: Screening and
Educational Signaling (in slides)
14. [12/28]
Frontiers of (Micro-)Economics (notes22,
blog22)
Experiment 14: Labor Market Bargaining
ALL:
Political Economy (Web Chapter 3)
and
Social Economics
(Ch. 18)
• [ 1 / 4 ] Quiz 2 (Ch. 13-22)
• [ 1/11] Final Exam
(170
minutes:
10:20am-1:10pm) -
Cumulative, but focus on the second half (Ch. 13-22).
Old Finals:
17F,
16F,
15F,
14F,
13F,
12F,
10F,
09F,
08F,
07F
Last
modified on
2018-12-27