Econ 1: Spring 2016: U.C. Berkeley: Microeconomics: What Markets Get Right
Lecture: Supply and Demand | Webcast
- Pieces: Microeconomics Intro | Economic Models | Digression: Liberal Education | Specialization and the Division of Labor | The Production Possibility Frontier | The "Price Mechanism" | Supply and Demand
- Reading: FBAH ch. 3; note that ch. 4 we largely skip
- Section: Exercise 25/26 | Answers
- Assignment: Letter to GSI
Lecture: Equilibrium and Surplus | Webcast
- Pieces: Market Equilibrium | The Algebra of Supply and Demand | Economic Surplus
- Reading: FBAH ch. 5
- Section Exercise 27/28 | [Answers]
Lecture: Surplus II: Quotas, and Price Ceilings | Webcast
- Pieces: PPF --> Supply Curve | Economic Surplus II | Distorting the Market: Quotas | Distoring the Market: Price Ceilings and Price Floors | The Market: A Balance Sheet
- Reading: FBAH chs. 5-7; note that ch. 6 we largely skip
- Section: Exercise 1/2 | Answers
- Assignment: Problem Set 1 | Answers
Lecture: Shifting and Tilting Supply and Demand Curves | Webcast
- Pieces: Alfred and Mary Paley Marshall's Analytical Toolkit | "Comparative Statics" | Shifting the Supply Curve | Tilting the Supply Curve | Shifting and Tilting the Demand Curve | The Market: Balance Sheet | Resources
- Reading: FBAH ch. 7
- Section: Exercise 3/4 | Answers
- Assignment: Problem Set 2 | Answers
Course Master Syllabus Page: http://www.bradford-delong.com/course-syllabus-econ-1-spring-2016-uc-berkeley.html This Page: http://www.bradford-delong.com/2016/03/econ-1-spring-2016-uc-berkeley-what-markets-get-right.html Edit: http://www.typepad.com/site/blogs/6a00e551f08003883400e551f080068834/post/6a00e551f08003883401b8d1a85849970c/edit
