Econ 1: Spring 2012: Topics
MW 11-12: Wheeler Auditorium
PART I: EXCHANGE AND MARKETS
W Jan 18: Demand and Supply
M Jan 23: Market Equilibrium
W Jan 25: Market Elasticity
M Jan 30: Price Ceilings/Floors
W Feb 1: Markets as Win-Win Institutions
M Feb 6: Governments Create Markets
W Feb 8: Governments Correct Markets
M Feb 13: Governments Override Markets
W Feb 15: MIDTERM 1
PART II: BUSINESSES AND HOUSEHOLDS
M Feb 20: Households
W Feb 22: Businesses
M Feb 27: Perfect Competition
W Feb 29: Monopolistic Competition
M Mar 5: Monopoly and Oligopoly
W Mar 7: Strategy, Technology, and Growth
M Mar 12: Labor
W Mar 14: Inequality
M Mar 26: MIDTERM 2
PART III: BUSINESS CYCLES
W Mar 28: What Macroeconomics Is
M Apr 2: Aggregate Demand and Aggregate Supply Equilibrium
W Apr 4: Shifting the Aggregate Demand Curve
M Apr 9: Aggregate Supply, the Phillips Curve, and Inflation
W Apr 11: Long-Run Economic Growth
M Apr 16: The Government Budget and the Macroeconomy
W Apr 18: The Global Savings Glut, the Housing Bubble, the Financial Crisis, and the Recession
M Apr 23: Policies to Stem the Recession, and the Jobless Recovery
W Apr 25: The European Financial Crisis
M Apr 30: REVIEW
T May 8 7-10PM: FINAL EXAM
Additional readings:
Partha Dasgupta: Economics: A Very Short Introduction
Paul Seabright: TheNeedsCompany of Strangers
Milton Friedman and Rose Director Friedman: Free to Choose