Date

Topic

August 10 (1)

Introduction to the Course Unit 1

August 12 (2)

Thinking Like an Economist Unit 1

Overview

Page #

-Syllabus -Outline of Course -Economic Reasoning -Current Events Project -Go over Economic Reasoning -Lecture 1 -Scarcity -Opportunity Cost

Date

Stock Market August 24 (6) Unit 1

4-18 August 26 (7)

August 18 (4)

August 22 (5)

Opportunity Cost and PPF Unit 1

-Opportunity cost and Production -PPF

Costs and Economic Systems Unit 1

-Quiz 1: PPF and OC -Costs: Explicit and Implicit -Economic Systems

Stock Market Unit 1

-Basic Economics -Stocks -Investment/Savings

Adam Smith and Circular Flow Model

Overview

-Basic Economics -Stocks -Investment/Savings

-Adam Smith and American System -Circular Flow Model

37-40, 102-104

-Comparative and Absolute Advantage -Marginal and Average Exercise

756-763, 102-104

Unit 1 Comparative Advantage Marginal Analysis

4-18 August 16 (3)

Topic

Page #

August 30 (8) Unit 1

30-40, 141

September 1 (9)

Unit 1 Review Unit 1

Supplem ent Reading

September 7 (10)

Unit 1 Test Unit 1 Test

Date

Topic

September 9 (11)

Foundations of Supply And Demand Unit 2

September 13 (12)

Substitution and Income Effects Unit 2

September 15 (13)

Demand and Supply Unit 2

September 19 (14)

The Market Equilibrium Unit 2

September 21 (15)

Supply and Demand Quiz Unit 2

Overview -Study of Demand -Shifts of Demands vs. Changes in Quantity Demanded

Page #

47-65

Date September 23 (16)

Topic

Overview

61-64, 72-73

Price Controls -Pricing Problems -Price floors and ceilings

Unit 2

47-65 -Substitution Effect -Income Effect -Demand Recap -Quiz over Demand -Supply -Law of Supply -Shifts of Supply -Sample Exercises

Elasticity Unit 2

-Elasticity -Elasticity of Demand -Practice Exercises

47-65

76-89 September 29 (18)

Elasticity Unit 2

-Determining Price -Changes in Equilibrium -Market Packet

October 5 (19)

October 7 (20)

-Elasticity of Demand -Elasticity of Supply

Income Elasticity Cross-Price Elasticity Taxes Unit 2

47-65 -Go over Market Packet -Quiz 4 (Supply, Demand, Market)

76-89 September 27 (17)

47-65

Page #

Consumer surplus and Producer surplus Deadweight Loss Unit 2

76-89 -Income and Cross Price Elasticity

93-99, 347-348 -Surplus -Deadweight loss

Date October 11 (21)

October 13 (22)

October 17 (23)

Topic Tax Problems Practice FR Test Review Unit 2

Unit 2 Test

Total/Marginal Utility Diminishing Returns Unit 3

October 19 (24)

Production and Cost Unit 3

October 21 (25)

Production and Cost Unit 3

Overview

-Tax Exercises -Free Response Questions -Test Review

Page #

93-99, 347-348

Date October 25 (26)

Topic

147-158 Production and Cost Unit 3

October 27 (27)

-Unit 2 Test -Supply and Demand

Overview

Types of Firms Unit 3

-Costs of Production -Reading -Business Firms -Perfect Competition -Monopolies -Oligopolies -Monopolistic Comp.

116-128 -Principle of Marginal Utility -Marginal Utility per Dollar

-Total Revenue/Total Cost -Profit -Production -Marginal Product -Diminishing Returns -Costs (AFC, AVC, TC) -Short-run/Long-run -Economies/Diseconomies of Sale

163

164-176 October 31 (28)

Perfect Competition Unit 3

-Perfect Competition Part I

147-158

164-176 November 2 (29)

Perfect Competition Unit 3

147-158

Page #

November 4 (30)

-PC Part I Continued

182-192 Perfect Competition Unit 3

-PC Part II

Date November 8 (31)

Topic

Overview

Page #

Date

182-192 Perfect Competition Unit 3

November 28 (36) -PC Part II

Perfect Competition Unit 3

November 30 (37) -PC Part II

Perfect Competition Unit 3

November 16 (34)

-Short-run and Shutdown or not Decision

171-173

Unit 3

December 6 (39)

-Shutdown or not -Practice PC Questions

Imperfect Competition

Imperfect Competition Unit 3

194-213 -Imperfect Comp Part I -Monopoly

Imperfect Competition Unit 3

Perfect Competition Unit 3

November 18 (35)

December 2 (38)

December 8 (40)

194-213 -Imperfect Comp -Monopoly

Imperfect Competition Unit 3

171-173 November 14 (33)

Overview

Imperfect Competition Unit 3

182-192 November 10 (32)

Topic

194-213 Imperfect Comp Part II

194-213 -Imperfect Comp Part III -Price Discrimination -Inefficiency

194-213 -Imperfect Comp Part III -Profit Maximization -Natural Monopoly

Imperfect Competition Unit 3

Page #

194-213 -Monopoly Graphs and Questions

Date

December 12 (41)

Topic Imperfect Competition

January 9 (46)

Monopoly Project Unit 3

December 16 (43) ½ Day

Date

-Quiz over Monopoly -Monopoly Project

Unit 3

December 14 (42)

Overview

Page #

-Monopoly Project

Unit 3

Monopolistic Competition Unit 3

January 11 (47)

Monopoly Project

Topic

Monopolistic Competition Unit 3

January 13 (48) -Monopoly Project

Overview -Monopolistic Comp. -Product Differentiation -Graphs -Excess Capacity

216-223

216-223 -Monopolistic Comp. -Profit Maximization -Inefficiency

Monopolistic Competition Unit 3

Page #

216-223 -Monopolistic Comp.

223-235 January 3 (44)

Review -Review first semester work

January 17 (49)

Oligopoly

-Oligopoly -Interdependence -Cartels

Oligopoly

-Oligopoly -Game Theory -Strategic Behavior

Unit 3

223-235 January 5 (45)

January 19 (50)

Review -Review first semester

Unit 3

Date

Topic

January 23 (51)

223-235 Oligopoly Unit 3

January 25 (52)

Unit 3 Review Unit 3

January 27 (53)

Overview

Page #

Date February 6 (56)

-Oligopoly -Game Theory

-Production and Costs -Firms and Market Structure

February 8 (57)

February 10 (58)

374-388, February 14 (59)

-Anti-Trust Policy -Regulation

Anti-Trust Policy Unit 4

-Anti-Trust Policy -Regulation

Externalities and Public Goods

Externalities and Public Goods Unit 4

374-388 February 2 (55)

Externalities and Public Goods

Unit 4

Anti-Trust Policy Unit 4

374-388

Unit 4

Unit 3 Test

February 16 (60)

Overview

Social Regulation Unit 4

-Unit 3 Test

January 31 (54)

Topic

Page #

-Social Regulation -Externalities (Positive/Negative) -Marginal Social Benefit/Cost -Public vs Private Goods -Externalities (Positive/Negative) -Marginal Social Benefit/Cost -Public vs Private Goods -Externalities (Positive/Negative) -Marginal Social Benefit/Cost -Public vs Private Goods

Government and Taxes Unit 4

-Government and Taxes

92-110

92-110

92-110

Date February 22 (61)

Topic Government and Taxes Unit 4

February 24 (62)

John Deere Dreamin’ Unit 4

February 28 (63)

Overview

Page #

Unit 4

Unit 4

Equity

Wages and Labor Discrimination March 9 (67) ½ Day

260-262, 410-428 -Income Distribution -Income Inequality

-Income Distribution -Income Inequality

Overview

260-262, 410-428 -Income Inequality -Equity

-Factor Demand -Marginal Revenue Product -Labor Market

267-282

267-282 March 13 (68)

Labor Markets -Labor Markets

267-282 March 15 (69)

Labor Markets Unit 4

260-262, 410-428 -Income Distribution -Income Inequality

Unit 4

Unit 4

260-262, 410-428

Income Inequality and Poverty March 5 (65)

March 7 (66) Unit 4

-Farm Productivity -Farm labor force -Revenues -Supply and demand

Income Inequality and Poverty March 1 (64)

Topic

-Government and Taxes

Income Inequality and Poverty Unit 4

Date

Page #

March 19 (70)

-Labor Markets

Economics of Healthcare Unit 4

-Healthcare

Date March 21 (71)

Topic Interest, Rent, and Profit Unit 4

Overview

-Interest -Theories of Profit -Profit and Loss

Page #

Date

April 11 (76)

Topic

Macro

Macro March 23 (72)

Review April 13 (77) Unit 4

March 27 (73)

-Unit 4 Review

Unit 4 Test

Macro April 17 (78) -Unit 4 Test

March 29 (74)

Review

Macro April 19 (79) -Practice Exam

Macro Review April 9 (75)

April 23 (80) -Practice Exam

Overview

Page #

Date

Topic

Overview

Page #

Date

Topic

Overview

Review and Prepare

Review and Prepare

Review and Prepare

Review and Prepare

Review and Prepare

Review and Prepare

Macro April 25 (81)

May 9 (86)

Macro Test April 27 (82)

May 11 (87)

Review and Prepare

Review and Prepare

May 1 (83)

May 15 (88)

Review and Prepare May 3 (84)

May 17

Review and Prepare May 7 (85)

Microeconomics Exam

Review and Prepare

Review and Prepare

Page #