Eco 102 - MICROECONOMICS PRINCIPLES

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Dates Topics Reading and Assignments
WEEK 1
January 18, 20

Key Principles of Economics

 

Chapter Objectives

  Chapter 1

TEXT:  Chapter 1 and Appendix to Chapter 1

 

Chapter 1 LECTURE - Limit, Alternatives, and Choices     (RTF-Word)

 

HOW TO READ AND UNDERSTAND GRAPHS (Optional)    (PPT)
WEEK 2

January
23, 25, 27

Market System and the Circular Flow


Demand, Supply and Market Equilibrium

 

Chapter Objectives 

Chapters 2, 3

TEXT:  Chapters 2 and 3

 

Chapter 2 LECTURE - The Market System and the Circular Flow   (RTF-Word)

 

Chapter 3 LECTURE - Demand, Supply and Market Equilibrium     (RTF-Word)

 

Practice Problems - Supply and Demand    (Just for Fun)      (RTF-Word)

 

Good Website For Supply and Demand Practice 
WEEK 3

January 30
February  1, 3

Elasticity

 

Chapter Objectives

Chapter 4

Quiz 1 - February 1

 

TEXT: Chapter 4

 

chapter 4 Lecture - Elasticity     (RTF-Word)

 

Work on Problem Set 1 (Not required to be handed in)      (RTF-Word) 
WEEK 4

February
6, 8, 10

Public Finance,  Market Failures: Public Goods and Externalities

 

Chapter Objectives

Chapters 5, 16

Quiz 2 - February 8

 

TEXT: Chapters 5 and 16

 

Chapter 5 Lecture - Public Finance, Market Failures: Public Goods and Externalities     (PPT)

 

Study Guide Exam 1   (RTF-Word)

WEEK 5

 February
13, 15, 17

 

Catching - Up Time and Review for Exam

Chapter 5 Lecture PART 1 - Public Finance, Market Failures: Public Goods and Externalities     (PPT)

The exam only covers the notes of Part 1.

WEEK 6

February
20, 22, 23

Exam 1

 

Externalities and Public Goods

 

Production and Costs

 

Chapter Objectives

Chapters 5, 16, 7

Exam 1 - February 20

 

Text: Chapter 5, 16, and 7


 Chapter 5 Lecture Part 2 - Public Finance, Market Failures: Public Goods and Externalities    (PPT)

 

Chapter 7 Lecture - Production, Technology and Cost     (RTF-Word)

WEEK 7

February
27, 29
March 2

Production and Costs Continued

 

Chapter Objectives

Chapter 7

TEXT: Chapter 7

 

Chapter 7 Lecture - Production, Technology and Cost     (RTF-Word)

 

Quiz 3- March 2
WEEK 8  March 5 to 11     SPRING BREAK
WEEK 9

March
12, 14, 16

Perfect Competition

 

Pure Monopoly

 

Chapter Objectives

Chapters 8-9, 10

TEXT: Chapters 8, 9 and 10

 

chapters 8 and 9 LECTURE - Pure Competition in the Short-run and Long-Run    (PPT)

 

Chapter 10 LECTURE - Pure Monopoly     (PPT)

 

Work on Problem Set 2 (Not required to be handed in)     (RTF-Word)

 

Study Guide Exam 2   (RTF-Word)
WEEK 10

March
19, 21, 23

 

Pure Monopoly Continued

 

Monopolistic Competition

and Oligopoly

 

Chapter Objectives

Chapter 11

TEXT: Chapter 11

 

CHAPTER 11 LECTURE - Monopolistic Competition and Oligopoly     (PPT)

 

Study, Study, Study and Understand

WEEK 11

March
 26, 28, 30

 March 30- Last
 Day to withdraw
with a W

Catching - Up Time and

Review for Exam

 

Exam 2

 

 Demand For Resources

 

Chapter Objectives

Chapters 12-13-14

 

Exam 2 - March 28


 TEXT: Chapters  12, 13, and 14

 

Chapters 12, 13 and 14 Lecture – Resource Market and Wage Determination-Rent     (PPT)
WEEK 12

 April 2, 4

Demand For Resources Continued

 

 Chapter Objectives

Chapters 12-13-14

Chapters 12, 13 and 14 Lecture – Resource Market and Wage Determination-Rent     (PPT)
Easter Recess April 5 to 9
WEEK 13

April 11, 13

Income Inequality

and Poverty

 

Chapter Objectives
 Chapters 20

TEXT:  Chapter 20

 

CHAPTER 20 LECTURE - Income Inequality     (PPT)
WEEK 14

April
16, 18, 20		 Issues

Chapter Objectives
Chapter 21

Quiz 4 - April 18

 

TEXT: Chapter 21

 

Chapter 21 lecture - Issues   (PPT)

 

Work on Problem Set 3  (Not required to be handed in)    (RTF-Word)

 

Study Guide Final Exam     (RTF-Word)
WEEK 15

April
23, 25, 27

International Trade and Finance

 

Chapter Objectives

Chapters 23

 

TEXT:  Chapters 23 and 24 (Optional)

 

CHAPTERS 23 AND 24 LECTURE - International Trade     (PPT)

WEEK 16 and 17

April 30
  May 2 - 10

Last Day of Class is April 30

Final Exam Week

 Quiz 5 - April 30

Final Exam Schedule