Econ 1101: Principles of Microeconomics (Fall 2018)

Lecture Schedule

Week	Part	Topic	Text Chapter/ Readings	Lecture Overheads
1 (Sept 5)	(i)	· Economics as a Social Science Core · Global Perspectives · Brief Mechanics of Class · Textbook Economics….	Ch 1,2	Lec1(i)word Lec1(i)prelim Lec1(i)final
	(ii)	· Demand and Supply in Auctions · International Application: Auction Markets for Electricity in the United Kingdom	Reading 1: Auction Markets for Electricity in the United Kingdom	Lec1(ii)word Lec1(ii)prelim Lec1(ii)final
2 (Sept 10)	(i)	· Demand and Supply	Ch 4	Lec2(i)word Lec2(i)prelim Lec2(i)final
	(ii)	· Shifts in Demand and Supply		Lec2(ii)word Lec2(ii)prelim Lec2(ii)final
	(iii)	· Auction Experiment (participation times to be posted)
		HW 1 Due, Tues Sept 11, 11:45pm
3 (Sept 17)	(i)	· Elasticity	Ch 5	Lec3(i)word Lec3(i)prelim Lec3(i)final
	(ii)	· International Application: Fuel Consumption in Europe and the U.S.	Reading 2: Fuel Consumption in Europe and the U.S.	Lec3(ii)word Lec3(ii)prelim Lec3(ii)final
	(iii)	· Widget Industry in Econland: · Producer, Consumer, and Total Surplus	Ch 7	Lec3(iii)word Lec3(iii)prelim Lec3(iii)final
		HW 2 Due, Tues Sept 18, 11:45pm
4 (Sept 24)	(i)	· Pareto Efficiency · The Adam Smith Theorem	Ch 8	Lec4(i)word Lec4(i)prelim Lec4(i)final
	(ii)	· Taxes,	Ch 8 (continued)	Lec4(ii)word Lec4(ii)prelim Lec4(ii)final
	(iii)	· More on Taxes	Ch 6	Lec4(iii)word Lec4(iii)prelim Lec4(iii)final
		HW 3 Due, Tues Sept 25, 11:45pm Price Floor Experiments at Aplia (Students have choice of time: Thursday: 9am,2 pm,10pm Friday: 3pm
5 (Oct 1)	(i)	· Price Controls · International Application: Supply Management of the Dairy Industry in Canada	Reading 3: Cap and Trade for Milk	Lec5(i)word Lec5(i)prelim Lec5(i)final
	(ii)	· Finish Supply Management (material for midterm stops here) · Discuss Midterm Format		Lec5(ii)word Lec5(ii)prelim Lec5(ii)final
		HW 4 Due, Tues Oct 2, 11:45pm
		Question and Answer Sessions
		Fri Oct 5: No class in large lectures (Lec 1 and Lec 17)
		Practice Versions of Midterm 1 from Previous Midterms
6 (Oct 8)		Midterm 1: Mon Oct 8. 7:00-8:00pm Room Locations Midterm 1 Results (including copy of exam and answer key)
	(i)	· Externalities · Global Issue 1: Global Externalities and Climate Change	Ch 10 Reading 4: Cap and Trade for Carbon Emissions	Lec6(i)word Lec6(i)prelim Lec6(i)final
	(ii)	· More on Global Issue 1		Lec6(ii)word Lec6(ii)prelim Lec6(ii)final
		Week 6 Recitation Problem Links: Global Issue 1 Platform Debate on Carbon Policy Winning Platforms from Each Section
7 (Oct 15)	(i)	· The Production possibility frontier · Comparative Advantage and International Specialization	Ch 3	Lec7(i)word Lec7(i)prelim Lec7(i)final
	(ii)	· Global Issue 2: International Trade and its Impacts	Ch 9	Lec7(ii)word Lec7(ii)prelim Lec7(ii)final
	(iii)	· More on Global Issue 2		Lec7(iii)word Lec7(iii)prelim Lec7(iii)final
		HW 5 Due, Tues Oct 16, 11:45pm
8 (Oct 22)	(i)	· Trade Policy and China, Public Goods and the Commons Problem	Ch 11	Lec8(i)word Lec8(i)prelim Lec8(i)final
	(ii)	· Consumer Theory: Budget Set and Preferences	Ch 21	Lec8(ii)word Lec8(ii)prelim Lec8(ii)final
	(iii)	· Consumer Theory: Choice		Lec8(iii)word Lec8(iii)prelim Lec8(iii)final
		HW 6 Due, Tues Oct 23, 11:45pm
9 (Oct 29)	(i)	· Consumer Theory One More Time · Costs	Ch 13	Lec9(i)word Lec9(i)prelim Lec9(i)final
	(ii)	· Short-Run Supply of Firm · Long-Run Supply of Firm	Ch 14	Lec9(ii)word Lec9(ii)prelim Lec9(ii)final
	(iii)	· Short-run Supply of Industry · Long-run Supply of Industry		Lec9(iii)word Lec9(iii)prelim Lec9(iii)final
		HW 7 Due, Tues Oct 30, 11:45pm
		Practice Problems: Consumer Theory
10 (Nov 5)	(i)	· International Application: Imports from China and Plant Exit in the United States	Reading 5: Imports from China and Plant Exit in the United States	Lec10(i)word Lec10(i)prelim Lec10(i)final
	(ii)	· Broad Social Science Applications of the Theory of Consumer Choice		Lec10(ii)word Lec10(ii)prelim Lec10(ii)final
		Question and Answer Sessions
		HW 8 Due, Tues Nov 6, 11:45pm
		Fri Nov 9: No class in large lectures (Lec 1 and Lec 17)
		Practice Problems: Supply Practice Versions of Midterm 2 from Previous Midterms
11 (Nov 12)		Midterm 2: Mon Nov 12, 7:00-8:00 pm Room Locations Midterm 2 Results (including copy of exam and answer key)
	(i)	· Monopoly	Ch 15	Lec11(i)word Lec11(i)prelim Lec11(i)final
	(ii)	· Natural Monopoly · Price discrimination		Lec11(ii)word Lec11(ii)prelim Lec11(ii)final
		Practice Problems: Monopoly (Solution)
12 (Nov 19)	(i)	· Global Issue 3: Intellectual Property Protection and the Global Economy Practice Problem on Intellectual Property	Reading 6: Intellectual Property Protection and the Global Pharmaceutical Industry	Lec12(i)word Lec12(i)prelim Lec12(i)final
		HW 9 Due, Tues Nov 20, 11:45pm
		Wed Nov 21: No class in large lectures (Lec 1 and Lec 17)
		Thur Nov 22: Thanksgiving Break (No discussion sections this week)
13 (Nov 26)	(i)	· Game Theory and Oligopoly	Ch 17	Lec13(i)word Lec13(i)prelim Lec13(i)final
	(ii)	· Oligopoly (continued) Application of Game Theory to Broad Social Science Issues		Lec13(ii)word Lec13(ii)prelim Lec13(ii)final
	(iii)	· Labor Demand and Supply · Productivity	Ch 18	Lec13(iii)word Lec13(iii)prelim Lec13(iii)final
14 (Dec 3)	(i)	· Earnings · Global Issue 4: Globalization, Inequality, and International Migration	Ch 19-1	Lec14(i)word Lec14(i)prelim Lec14(i)final
	(ii)	· Income Inequality and Poverty	Ch 19-2, Ch 20	Lec14(ii)word Lec14(ii)prelim Lec14(ii)final
	(iii)	· Discrimination		Lec14(iii)word Lec14(iii)prelim Lec14(iii)final
		HW 10 Due, Tues Dec 4, 11:45pm Links for background information for platform debate: International Migration List of winning platforms
15 (Dec 10)	(i)	· Moral Hazard and Adverse Selection	Ch 22-1	Lec15(i)word Lec15(i)prelim Lec15(i)final
	(ii)	· International Application: Moral Hazard in the Euro-Zone		Lec15(ii)word Lec15(ii)prelim Lec15(ii)final
		HW 11 Due, Tues Dec 11, 11:45pm
		Question and Answer Sessions Location: Anderson 210 Wed Dec 12, 4-5:30pm and 6:30-8pm Practice Questions for Weeks 11-15 (Questions, Key, Guide) (Additional Questions,Key)
		FINAL: Friday Dec 14, 6:30PM – 8:30PM Final OneStop Page