Arik Levinson -- ECON 001 -- 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 2013

Date

Subject

Lecture notes and supplements

Parkin reading suggestions

8/28

Introduction
Scarcity and opportunity cost, PPFs

Lec 1
(annotated)

Skim: Ch. 1 & appendix.
Read: Ch.2 .

9/2 Labor Day -- no class
9/4 Demand and Supply

Lec 2
(annotated)
Econ 001 of textbooks

Ch. 3.
9/9 Efficiency Lec 4 Ch. 5.
9/11 Market Equilibria

Lec 3
(annotated)
A market for organs
Is price gouging ok?
Dc's super min wage

Ch. 6 .
9/16 Experiment #1 No lecture. Log onto Aplia.com from anywhere at your assigned class time. Be sure your Aplia registration is for the appropriate section. If you are on campus, you need to be on SaxaNet not GuestNet.
9/18 Elasticities

Lec 6
(annotated)

Ch. 4.
9/23 Tax incidence

Lec 7
(annotated)
State tobacco taxes

Ch. 6 .
9/25 Catch up and an application

Lec 8
(annotated)
Farm bill expires 9/30
The raisin outlaw

 
9/30 Household Choice

Lec 9
(annotated)

Ch. 9.
10/2 Midterm #1 [bring a pencil, a calculator, a 3x5 card with notes, and sit in your assigned seat]
- ICC Seating Chart, Assignments for 12:30 class and 2 PM class
10/7 Applications of household choice, income and substitution effects

Lec 10
(annotated)

 
10/9 Firms, capital, and present discounted values

Lec 11
spreadsheet examples
(annotated)

Ch. 18.
10/14 Columbus Day -- no class
10/16 Short run costs

Lec 12
(annotated)

Skim ch. 10. Read ch. 11.
10/21 Long run costs, market structure, and perfect competition

Lec 13
(annotated)

Ch. 11 (cont'd), ch. 12.
10/23 Monopoly Lec 14
(annotated)
Sex and Dry Cleaning
Ch. 13.
10/28 Imperfect competition Lec 15
Ch. 15.
10/30 Game theory catchup
(Lec15 annotated)
Ch. 15.
11/4 Regulation, antitrust law Lec 17 Ch. 15 continued.
11/6

Midterm #2 [bring a pencil, a calculator, a 3x5 card with notes, and sit in your assigned seat]
-
Worried about midterm #2? Buy grade insurance in Aplia.
- ICC Seating Chart, Assignments for 12:30 class and 2 PM

11/11 Externalities and

Lec 18

Ch. 16.
11/13 Public goods (postponed topic)

Lec 19
(Lec 18 & 19 annotated)

Ch. 17.
11/18 Asymmetric information

Lec 20
(annotated)
Lemons Notes

Ch. 20.
11/20 Insurance -- application to health insurance reform in the U.S.

Lec 21

 
11/25 Natural Resources

Lec 22
(annotated)

Ch. 17.
11/27 Experiment #2. Note: this is the day before Thanksgiving break. You do not need to be on campus to participate in the experiment, so long as you have access to an Aplia-compatible computer connection.
12/2 Poverty and inequalty

Lec 23
(annotated)
A worthwhile video

Ch. 19.
12/4 International Trade

Lec 24
(annotated)

Ch. 7.
12/13, 4-6 pm

Final Exam. ***You must take the exam in your assigned room.***

By first letter of your last name:

12:30 Class 2 pm Class
A-E ICC 101
F-HO
ICC 105
HU-O
ICC 115
P-SE
ICC 116
SH-Z
ICC 118

A-CA ICC 107
CH-EP
ICC 108
ET-J
ICC 120
K-P
REI 103
R-V
REI 112
W-Z
REI 284

Bring: GU ID card, #2 pencil, calculator, 3x5 note card.