Week

Dates

Topics

Chapter

1

9/19

Introduction of the course, ten principles of economics

1

2

9/26

Thinking like an economist

Interdependence and the gains from trade

2,3

3

10/3

The market forces of supply and demand

(Homework 1 will be distributed)

4

4

10/10

No class

5

10/17

Elasticity and its application

5

6

10/24

Supply, demand and government policies

6

7

10/31

FIRST MID TERM (Ch. 1-6)

8

11/7

Consumers, Producers, and the efficiency of the market Application: The costs of taxation

7,8

9

11/14

Application: International trade

Externalities

(Homework 2 will be distributed)

9,10

10

11/21

Public goods and common resources

11

11

11/28

The costs of production

Firms in competitive markets

13,14

12

12/5

SECOND MID TERM (Ch. 7-14)

13

12/12

Monopoly

15

14

12/19

Monopolistic competition

Oligopoly

16, 17

15

12/26

The markets of the factors of production

(Homework 3 will be distributed)

18

16

1/2

The theory of consumer choice

Frontiers of microeconomics

21, 22

17

1/9

Review session for the final

18

1/12

JOINT FINAL EXAM (Cumulative)