Date |
Topic |
Reading |
Graded Work |
| 17 January | Course Overview | ||
| 19 | Principles of Economics | M: Chp 1 | Bonus Quiz 1 |
| 22 | How Economists Think | M: Chp 2 | |
| 24 | Comparative Advantage | M: Chp 3 | |
| 26 | Markets and Demand | M: Chp 4 (pp. 63-71) | HW Quiz 1 |
| 29 | Demand; Firm Supply | M: Chp 4 (71-77) | |
| 31 | Demand and Supply | M: Chp 4 (77-84) | |
| 2 February | Prices and Resource Allocation | M: Chp 6 | Graph HW 1 due; BQ 2 |
| 5 | Messing with the Market | M: Chp 7 (137-47) | |
| 7 | Market Efficiency | M: Chp 7 (147-54) | |
| 9 | Exam 1 | ||
| 12 | Gains from Trade/Trade Barriers | M: Chp 9; Web Essays 1 & 2 | |
| 14 | The Great Snow Day | M: Chp 5 (89-99) | |
| 16 | Trade Restrictions; Price Elasticity | M: Chp 5 (100-09); Web Notes | Bonus Quiz 3 |
| 19 | Price Elasticity, with Applications | ||
| 21 | Production Costs | CS: Chp 6 ["CS" = "Carlson-Skaggs"] | |
| 23 | Production Costs | CS: Chp 6 | HW Quiz 2 |
| 26 | Costs, Revenues, Profits | CS: Chp 7 (94-100) | |
| 28 | Profit Maximization; Profits and Losses | CS: Chp 7 (94-100); Web Notes | |
| 2 March | Market Conditions and Efficiency | CS: Chp 8 (104-10) | Graph HW 2 due |
| 5 | Markets and Mark-up Pricing | CS: Chp 8 (111-14) | AP 1 due |
| 7 | Market Structure and Social Policy | CS: Chp 8 (114-18); Web Notes | |
| 9 | CS: Chp 9 (122-27) | Exam 2 ..... Last day to withdraw with WX |
|
| 12, 14, 16 | Spring Break | ||
| 19 | Labor Market | CS: Chp 9 (127-32) | |
| 21 | Natural Rate of Unemployment | M: Chp 15 | |
| 23 | Gross Domestic Product | M: Chp 10 | Bonus Quiz 4 |
| 26 | Consumer Price Index | M: Chp 11 | |
| 28 | Economic Growth: Background | M: Chp 12 (241-48); Web Notes; U.S. Lifestyle | |
| 30 | The Growth Process | Web Notes, Web Essay | HW Quiz 3 |
| 2 April | Market Organization and Growth Policies | M: Chp 12 (249-62), Web Essay | |
| 4 | Saving, Investment, and the Financial System | M: Chps 14 (288-90), 13 (265-72) | |
| 6 | Loanable Funds Market | M: Chp 13 (274-83) | Graph HW 3 due |
| 9 | Money and the Monetary System | M: Chp 16 (331-39) | |
| 11 | Banks, the Fed, and the Money Supply | M: Chp 16 (339-46) | Analysis Paper 2 Assignment Grading Rubric |
| 13 | Exam 3 | ||
| 16 | Money and Inflation | M: Chp 17 (349-50, 355-63) | |
| 18 | Costs of Inflation | M: Chp 17 (363-73), Web Notes | |
| 20 | Economic Fluctuations and Aggregate Demand | M: Chp 20 (427-37) | Bonus Quiz 5; AP 2 due |
| 23 | Long-run and Short-run Aggregate Supply | M: Chp 20 (438-42), Web Notes | Bonus Bonus Quiz |
| 25 | Dynamics of the Short-run Model | Web Notes | |
| 27 | Monetary Policy | Web Notes | HW Quiz 4 |
| 30 | Monetary Policy in Context | Web Notes; M: Chp 22 (485-508) | |
| 2 May | Government Finance and Fiscal Policy | M: Chp 21 (469-80); Social Security and Medicare Financing | Graph HW 4 due |
| 4 | Exam 4 | ||
| 8 | 8:15 a.m. (Tuesday) | CVA 147 | Optional Final Exam; Make-up Quizzes |