CourseOutlineF06

CourseOutlineF06 - 6 (to end), 8 tax wedge, subsidy wedge 5...

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m Econ 101: Introduction to Microeconomics Course Outline Spring 2006 Alan C. Marco Date Lecture Topic Mankiw Hamermesh Articles Concepts I. BASICS Sep 4 1 Introduction [1-2] Rationality, Opportunity cost, Margin Sep 6 2 Theory of the Consumer 21 (453-462) 6.19 Cafeterias withhold lettuce Utility, budget constraint, substitutes, complements, marginal rate of substitution 2 Sep 11 3 Demand 21 (463-470), 4 (63-71) 2.1,2.3 Claritin to sell Consumer's optimum, derivation of demand 5 Sep 13 4 More demand 4 (63-71) Coffee shops absorbing Factors that shift demand 2 Sep 18 5 Theory of the firm 13 FC, VC, AC, MC, TR, profit 5 Sep 20 6 Supply 4 (71-75) 2.9 Coffee shops absorbing Derivation of supply, factors that shift supply 2 Sep 25 7 Equilibrium 4 (all) 3.4, 3.10, 3.14 The timeshare trap Excess supply, excess demand, shortage surplus, equlibrium 5 Sep 27 8 Elasticity 5 3.11 Old ten cent pay phone Elasticity 2 Oct 2 9 Market efficiency 7 CS, PS, TW 5 II. REGULATION Oct 4 10 Price controls 6 (to 123) Students Find Methods California power crisis Price ceiling, price floor 2 Oct 9 11 Taxes
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Unformatted text preview: 6 (to end), 8 tax wedge, subsidy wedge 5 Oct 11 12 Subsidies 4.12 ag subsidies? 2 Oct 23 13 Midterm Examination 12 IV. COMPETITION AND MARKET FAILURES Oct 25 14 Perfect Competition 14 Palm's market starts to melt 2 Oct 30 15 Misery is abundant 5 Nov 1 16 Monopoly 15 Why tobacco pact won't hurt Cable TV 2 Nov 6 17 Price Discrimination 15 NYC joins fight Biz Rips Unisex pricing Women clipped What's a fair price for drugs? 5 Nov 8 18 Imperfect competition (Oligopoly) 16 Brewer's stocks 2 Nov 13 19 5 Nov 15 20 Externalities 10 New smoking ban Mercury Wars Mercury and the E.P.A. 2 Nov 20 21 Public Goods 11 5 Nov 22 22 Information 22 (479-484) 2 V. FACTOR MARKETS Nov 27 23 Factor Markets 18 Ban on leaf blowers 5 Nov 29 24 Monopsony something about Wal 2 Dec 4 25 Wage Discrimination 19 5 Dec 6 26 Catch-up and review ag markets? 2 Note: Subject to change. SKIPPED Comparative Advantage 3 1.6,1.11 Laid-off workers...
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