| Course Page for ECON 1101 | ||
|
||
|
Calendar 09/04 Introduction (1) 09/06 Comparative Advantage and Gains from Trade (3&22: 471-4) 09/11 Supply, Demand and the Market (4) 09/13 Shifts of Demand and Supply, Price Controls (4) 09/18 Consumer's optimal Choice : Indifference Curves and the Budget Line (5 Appendix) 09/20 Consumer's optimal Choice More on ICs; Income and Price Changes (5 Appendix) * List of Definitions (we haven't covered all of them yet) * Illustration of ICs and Utility function 09/25 Income and Substitution effect (not in the book, read the slides) * Notes on Income and Substitution effect by Prof D. Clark (Ignore the parts about compensated Demand) * Optional Reading: The Economist on Demand, Supply and the House Price Bubble 09/27 IE&SE; Aggregating Demand Functions (5: 95-6); Guest Lecture: Monopoly in the Diamond Industry * HW 2 10/02 Demand and Elasticity 10/04 Equilibrium with taxes (18: 389-92) * Optional Reading: A recent Study of the empirical Laffer curve (read only the introduction) 10/09 Taxes and Welfare (18: 387-88; 5: 92-94) * Optional Reading: Article about the Cost of US sugar subsidies 10/11 Taxes and Welfare; Guest Lecture: Turkey's Comparative Advantage 10/16 Review
Material for the MT: * Study guide * Michael Rolleigh's Class Notes * Sample Exams (Michael Rolleigh): Exam 1, Exam 2, Exam 3 ( for this last one only: Qu 3, 4 and Bonus)
Nobel Prize in Economics 2007: Read about it here (economist's digest) or here ( the real thing). A short biography of Prof. Leo Hurwicz (see p. 6 ff.)
10/18 Midterm (in class) 10/23 International Trade and Protectionism - Welfare Analysis (22) * HW 3 * Optional Reading: Paul Krugman on what we can learn from economics about international trade 10/25 International Trade and Protectionism - Welfare Analysis (22) 10/30 Externalities (15: 311-317; 17) 11/01 Externalities (15: 311-317; 17) 11/06 Policy Approaches towards Externalities; Public Goods (15: 318-319) * Optional Reading: NYT article on Richard Sandor and the CCX 11/08 Intro to Producer Theory; Guest Lecture: Market Mechanism to Curb Pollution * HW 4 11/13 Technology and Costs (7: 128-132; 137-146 & Appendix Ch. 8) * Optional Reading: The Economist on the Political Economy of Free Trade 11/15 Profits and Optimal Supply (8) 11/20 Firms in a Competitive Industry (10) * Optional Reading: Notes on the Principal-Agent Problem 11/22 Thanksgiving Break (no class) 11/27 Monopoly (11) * HW 5 * Optional Reading: Forbes on the Rise and Fall of Monopoly Power 11/29 Regulation of Monopoly (13: 268-71); Guest Lecture: Monopoly in the Telephone Industry in Mexico * Optional Reading: Professor Boldrin's book on Intellectual Monopoly 12/04 Oligopoly (12 - game theory part only) * Notes on Monopoly 12/06 Oligopoly (12 - game theory part only) * Optional Reading: More on the weekend coordination problem: Wikipedia; Experimental Study 12/11 Review; Guest Lecture: Game Theory and the Cold War * Material for the Exam: * Study Guide * Practice Final 1 (Selected Answers) 12/18 Final exam (2 hours, in class, 4 pm) |
||