An introduction to microeconomic theory and its application to contemporary economic problems. Topics include supply, demand, and price determination; consumer and producer behavior; market structure; and government policy and the role of government in a free society.
| ECON 200 — Microeconomics Course Outline | |||||
|---|---|---|---|---|---|
| Lectures (Walker book chapters) | Landsburg The Armchair Economist | Hazlitt Economics in One Lesson | Crash Course Economics | Problem Sets | Other Readings (Required) |
| Material for Exam 1 | |||||
| 7. Economic efficiency in markets | Ch. 4, 8 | Ch. 14, 15, 22 | #19 | PS 5 | key | Stossel on wealth (video) |
| 8. Price controls and resource allocation | Ch. 16-19 | #20 | Stossel on rent controls (video) | ||
| 9. Elasticity and drug control policy | Ch. 10 | #18 (8:30-11:00) | |||
| 10. Excise taxes and deadweight losses | |||||
| 11. Protectionist trade policies | |||||
| EXAM 2 - TBA (likely Nov. 5 or 10) Covers all material since Exam 1. example Exam 2 | |||||