| 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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| 14. Overview of the U.S. macroeconomy (p. 137) |
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| 15. Macroeconomic measurement and growth (pp. 139-143) |
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| 16. Financial, credit, & money markets; interest & exchange rates (pp. 145-151) |
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| 17. Monetary and fiscal policy (pp. 153-157) |
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| Final Exam - Thurs., Dec. 4, 10:30 - noon * comprehensive * |
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