| Lectures (Walker book chapters) | Crash Course Economics |
Problem Sets (PS) |
Quizzes (Date) |
Other Readings |
| 1. Overview of economic analysis (pp. 1-29) |
#1 | PS 1 | solutions |
Q-1 Tu, 9/9 |
Williams, Economic lunacy |
| 2. Economics and the big picture (pp. 31-44) |
#3 | Higgs, Hate corporations and love governments... Stapleton, You're afraid of power, not Trump |
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| 3. Specialization, productivity, and trade (pp. 45-64) |
#2 | Landsburg, An outsourcing fable Sullum, Trump: Trump: "If we didn't have trade we'd save a lot of money" |
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| 4. Supply, marginal cost, and the firm (pp. 65-74) |
#24 | PS 2 | solutions | Q-2&3 Th, 9/18 |
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| 5. Demand, marginal benefit, and the consumer (pp. 75-79) |
PS 3 | solutions | |||
| 6. Market equilibrium and price adjustments (pp. 81-84) |
#4 #18 (0:00-8:30 only) |
PS 4 | solutions | ||
| Exam 1 - Thurs., Sept. 25, 9:25-10:40, Bell 403 * covers all material so far * |
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| 7. Economic efficiency in markets (pp. 87-100) |
#19 |
PS 5 | solutions | ||
| 8. Price controls and resource allocation (pp. 101-109) |
#20 | Husock, Mamdani and NYC rent controls Stossel, In praise of price gouging |
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| 9. Application: U.S. drug control policy (pp. 111-112) |
#18 (8:30-11:00) |
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| 11. Protectionist trade policies (pp. 113-120) |
#15 | PS 6 | solutions |
Q-6 Tu, 11/4 |
Bastiat, A petition Krugman, In praise of cheap labor |
| 12. Market failure: externalities and public goods (pp. 121-127) |
Stossel, Thanksgiving Stossel, Enough crony capitalism! The Economist, State and Market |
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| Exam 2 - Thurs., Nov. 6, 9:25-10:40, Bell 403 * covers all material since Exam 1 * |
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| 15. Macroeconomic measurement and growth (pp. 139-143) |
Q-7 Th, 11/20 |
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| 16. Credit markets (pp. 145-148) & exchange rates (p. 151) |
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| 17. Monetary and fiscal policy (take notes on 11/20; you can skip the text!) |
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| Personal finance, etc. | Stossel, Mamdani's bad ideas, part 1 & 2 | |||
| Final Exam - Thurs., Dec. 4, 10:30 - noon * The exam covers all the material since Exam 2, plus ch. 12 (market failures) and related "other readings." There will also be a comprehensive section that will cover all material through Exam 2, EXCEPT (1) the "other readings" from the begining of class through ch. 11, and (2) the Ricardian trade model from ch. 3. * |
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