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.
No lectures on Tu, 9/8 or Th, 9/10. Instead, read Walker, ch. 2, and the Other Readings; complete Problem Set 1.
| 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) |
| 1. Overview of economic analysis | Intro; ch. 1-3 (skip sec. on GE, pp. 29-31) | Ch. 1-3 | #1 | Rotfeld, Libraries, learning, and dirty sandals Williams, Economic lunacy | |
| 3. Specialization, productivity, and trade | Ch. 5 | Ch. 7, 8 | #2 | ||
| 2. Economics and the big picture | #3 | PS 1 | key | Heyne, Why does Johnny so rarely learn any econ? Higgs, Hate corporations and love governments... Stapleton, You're afraid of power, not Trump | ||
| 4. Supply, marginal cost, and the firm | #24 | PS 2 | key | |||
| 5. Demand, marginal benefit, and the consumer | PS 3 | key | ||||
| 6. Market equilibrium and price adjustments | #4, #18 (through 8:30) | PS 4 | key | |||
| EXAM 1 - Date TBA, likely to be Sept 24 or 29 Covers all material listed above. | |||||