Syllabus Spring 2017.pdf - AG BM 101 Course Schedule Fall Semester 2016(subject to change Week(Dates 1 Jan:9 11 13 2 Jan:18,20 Jan 16 No class Topics

Syllabus Spring 2017.pdf - AG BM 101 Course Schedule Fall...

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Week (Dates)TopicsReadings/NotesInstructor1Introduction and class logisticsCh. 1 and 2Prof. Jaenicke Jan:9, 11, 13Major concepts (scarcity, utility, incremental analysis,+production possibilitiesAaron The market system and 5 fundamental questions2Law of Demand/Market Demand CurveAaron Jan:18,20Law of Supply/Market Supply CurveCh. 3Jan 16 No classMarket Equilibrium and Changing ConditionsHW 1 assigned (1/20)MLK's day3Market Intervention (by government policy) Ch3 and Ch. 4Aaron Jan: 23,25,27Welfare – Consumer and Producer Surplus Public GoodsHW 1 due (1/27)Externalities4Demand Elasticity – definition, formula, factorsCh. 6RoozbehJan: 30, Feb: 1,3Supply ElasticityHW 2 assigned (1/30)Cross-price Demand ElasticityIncome Elasticity of Demand5Utility (Total and Marginal)Finish Ch. 6Prof. Jaenicke Feb:6,8,10Law of Diminishing Marginal UtilityCh. 7Utility-maximizing rule for purchase choicesHW 2 due (2/8) Indifference CurvesQuiz 1 (Fri., 2/10) 6Finish Chapter 7/Start Chapter 9Exam 1: Wed., 2/15RoozbehFeb: 13,15,17

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