Lectures ::.
Note: The pdf files under "lecture notes" contain a few key equations and graphs from class. If you print them out and bring them to class, you can avoid copying those during class (and avoid potential transcription errors). They are not meant as a substitute for your own class notes. In no cases are they complete representations of the course material, and in most cases, they will not be comprehensible without your having attended class.
Course Schedule Fall 2009 Date Subject Lecture notes
Parkin reading
(7e)=7th edition
(8e)=8th editionSept 2 Introduction
Scarcity and opportunity cost, PPFsLecture 1 Skim: Ch. 1 & appendix.
Read: Ch.2 thru p.39 (7e) / p.40 (8e)Sept 7 Labor Day Sept 9 Demand and supply Lectures 2 & 3 Ch.3 Sept 14 Market equilibria see above Ch.6 pp.121-9; 138-41 (7e) / pp. 123-31; 140-43 (8e). Sept 16 Efficiency Lecture 4 Ch.5 Sept 21 Experiment #1 Sept 23 Elasticities Lecture 6 Ch.4 Sept 28 Tax incidence Ch.6 pp.130-4 (7e) / pp132-6 (8e) Sept 30 Catch up and an application Lecture 8 TBA
Oct 5 Household choice Lecture 9 Ch. 8 Oct 7 Midterm #1 Oct 12 Columbus Day Oct 14 Applications of household choice, income and substitution effects Lecture 10 (pdf)
Lecture 10 (ppt)Ch. 8 cont'd. Oct 19 Firms, capital, and present discounted values Ch. 17 section on capital markets. Oct 21 Oct 26 Short run costs Lecture 13 (pdf)
Lecture 13 (ppt)Skim: Ch. 9.
Read: Ch. 10Oct 28 Long run costs
Market structure and perfect competitionLecture 14 Ch. 10 cont'd.
Ch. 11Nov 2 Monopoly Lecture 15 Ch. 12 Nov 4 Imperfect competition, game theory Lecture 16 Ch. 13. pp. 298-306 (7e) / 300-308 (8e) Nov 9 Regulation and Antitrust Law Ch. 14 Nov 11 Midterm #2 Note: to take advantage of the fact that Health Insurance Reform is currently being debated in Congress, I have reordered the next few weeks. Topics and lectures are as they appear below. The Aplia problem sets have also been altered. Nov 16 Asymmetric Information Ch. 19 Nov 18 Insurance -- application to health care Ch. 19 cont'd Nov 23 Externalities Lecture 18 Ch. 15 Nov 25 Experiment #2
Note: this is the Wednesday before Thanksgiving. You do not need to be on campus to participate in the experiment, so long as you have access an Aplia-compatible computer connection..Nov. 26 Thanksgiving Nov 30 Public goods Lecture 19 Ch. 16 Dec 2 Natural Resources More material from lecture 19
pp 366 ff. 399ff (7e) / pp 368 ff 403 ff (8e) Dec 7 Poverty and Inequality Ch. 18 Dec 9 International Trade Dec 17, 9 am Final Exam
