Economics 1: Introduction to Economics Prof.

Kenneth Train Fall 2011

LECTURE SCHEDULE AND READINGS

The number on the left is the lecture number in the booklet of slides Problem sets are passed out on days marked with *.

1 2 3 4 5 6 7 8 9

Wed, Aug 29 Wed, Aug 31 Mon, Sept 5 Wed, Sept 7* Mon, Sept 12 Wed, Sept 14 Mon, Sept 19

Organization of Course; Introduction to Field Demand and Supply NO CLASS: Labor day Demand and Supply, continued Consumer Choice Costs of Production Competition, part 1

10th edition Ch. 1 and 2 Ch. 3 Ch. 4 and 5 Ch. 6, not the appendix pp. 147-151, 167-178 pp. 179-185, 190-192, 194 Ch. 12 pp. 269-285 Ch 14 and 15

9th edition Ch. 1 and 2 Ch. 3 Ch. 4 and 5 Ch. 6, not the appendix pp. 135-139, 155-166 pp. 167-173, 178180,183-184 Ch. 12 pp. 261-277 Ch 14 and 15

Wed, Sept 21* Competition, part 2 Mon, Sept 26 Monopoly Wed, Sept 28 Monopolistic Competition and Oligopoly

10

Mon, Oct 3 Wed, Oct 5

11 12 13 14 15 16 17 18 19 20 21

Mon, Oct 10 Wed, Oct 12* Mon, Oct 17 Wed, Oct 19 Mon, Oct 24 Wed, Oct 26 Mon, Oct 31 Wed, Nov 2* Mon, Nov 7 Wed, Nov 9 Mon, Nov 14 Wed, Nov 16

Regulation of Natural Monopolies Midterm Exam #1, covering material through lecture on Sept. 26 Antitrust Regulation Externalities Public Goods Factor Markets Time and Uncertainty Overview of Macroeconomics Aggregate Expenditure and Equilibrium Output Government Spending: Fiscal Policy Money Supply and Demand: Monetary Policy Fiscal and Monetary Policy Combined Inflation: Aggregate Demand and Supply Midterm Exam #2, covering material through lecture on Nov. 9 Trade and Comparative Advantage NO CLASS: Thanksgiving break Exchange Rates and Balance of Payments Review

none

none

pp. 285-287 pp. 329-341 pp. 341-349 Ch. 10 and 18 Ch. 17 Ch. 20, pp. 423-425, 432-437, Ch. 22 Ch. 23, including appendix Ch. 24 including both appendices Ch. 25 and 26, not the appendices pp. 541-548 pp. 549-553, Ch. 28

pp. 277-279 pp. 319-332 pp. 332-341 Ch. 10 and 18 Ch. 17 Ch. 20, pp. 417-419, 426-431, Ch. 22 Ch. 23, including both appendices Ch. 24 including both appendices Ch. 25 and 26, not the appendices pp. 531-539 pp. 539-543, Ch. 28

22 23 24

Mon, Nov 21* Wed, Nov 23 Mon, Nov. 28 Wed, Nov. 30

Ch. 34 Ch. 35 not the appendix none

Ch. 34 Ch. 35 not the appendix none