| Date | Topics | Class Activities | |
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8/23-8/27 Week 1 |
Economic Ideologies (not in text) - see
Lecture Notes link on home page
Production Possibility Frontier (Parkin, Chapter 2) |
Mon: Economic Ideologies; Worksheet 1A and 1B will be done in class Wednesday: Parkin, Chapter 2, pgs. 31-39; Worksheet 1C will be done in class Friday: ; Worksheet 1D will be done in class; then Quiz #1during the last 20 minutes of class. |
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8/30-9/3 Week 2 |
Introduction to Demand and Supply (Parkin, Chapter 3) |
Mon: Apple Market Experiment; Worksheets 2A and 2B will be done in class. Wed: Read Chapter 3, pages Turn in Worksheet 2C at the beginning of class. We'll do 2D in class. Fri: Chapter 21 (Skip chain-weighted price index); Read Chapter 22 pages 512-515; We'll do Worksheet 3A in class; Quiz #1 during the last 20 minutes (Quiz does not cover chapters 21 and 22) |
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9/6-9/10 Week 3 |
Labor Day Holiday - Monday, Sept. 6
Fundamental concepts of Macroeconomics; Parkin, Chapter 21 and selected sections of Chapter 22, pages 499-511) |
Monday:
Labor Day Holiday Wednesday: Turn in Worksheets 3B and 3C at the beginning of class. Chapter 22, pgs.499-511; Read the articles attached to Worksheet 3D. Worksheet 3D will be done in class.
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9/13-9/17 Week 4 |
Aggregate Demand and Supply (Parkin, Chapter 23)
Conservative vs liberal views; How do they manifest themselves in the short-run aggregate supply diagram? See Lecture Notes for Classical vs Keynesian views (in your workbook following Worksheet 4B; Keynes' challenge to the classical view; the beginnings of the liberal paradigm |
Monday: Chapter 23 pages 521-526; Worksheet 4A will be done together in class.
Wednesday: pgs.527-530; Turn in Worksheet 4B at the beginning of class. Worksheet 4C, #1- 10 will be done in class. Discuss Keynes and the Classics (See Notes in your Workbook) Friday: Turn in Worksheet 4C, # 11-14 at the beginning of class. Review, then Quiz # 3 during last 20 minutes of class |
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9/20-9/24 Week 5 |
The Multiple Expansion of Deposits (Parkin, Chapter 26)
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Monday: Chapter 26; pgs. 605-615 Worksheet 5A and 5B will be done in class; Wed: pgs. 637-641; Turn in Worksheet 5C, #1-10 at the beginning of class. We'll do the last few problems together; Friday: Turn in Worksheet 5D at the beginning of class; Review, then Quiz # 4 during last 20 minutes of class. |
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9/27-10/1 Week 6 |
The Fed (Parkin, Chapter 27)
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Monday: Chapter
27, pgs. 630-634; Turn in Worksheet 6A at the beginning of class Wed. Chapter 27, pgs. 635-639; Turn in Worksheet 6B at the beginning of class; We'll do Worksheet 6C together. Friday: Read Chapter 31, pages 749-753 and Chapter 32, pagees 766-767. Policy Lags Demo in class; Quiz #5 during the last 20 minutes (Quiz does not cover Chapters 31 and 32) |
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10/4-10/8 Week 7 |
Problems with Fiscal and Monetary Policy and the Federal Budget (Parkin, selected sections of Chapters 31 and 32) |
Monday: Read Chapter 31, pages 740-746 (Supply-Side Economics) and
"Dawn of a Supply-Side Century" (in your Workbook right after
Worksheet 6C). Worksheet 7A will be done in class. Wednesday: Read Chapter 31, pages 734-739 and 746-748 (Government Budget). Turn in Worksheet 7B, # 1-15. We'll finish the rest in class. Friday: Chapter 34, pgs.809-814; Turn in Worksheet 8A, #1-6. We'll do the rest in class. Quiz #6 during last 20 minutes of class.(Quiz does not cover chapter 34) |
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10/11-10/15 Week 8 |
International finance (Parkin, Chapter 34) |
Monday: Veteran's Day Holiday Wednesday: Chapter 34, pgs. 815-823; Turn in Worksheet 8B Friday: We'll do Worksheet 8C together; Quiz # 7 during the last 20 minutes of class |
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10/18-10/22 Week 9 |
Elasticity (Parkin, Chapter 4) Efficiency (Parkin, Chapter 5); Paradox of Value (Parkin, Chapter 7, 160-161)
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Monday:
DESCRIPTION OF WRITING ASSIGNMENT DUE TODAY. Chapter 4,
pgs. 82-88; Turn in Worksheet 9A at the beginning of class.
Wednesday: Chapter 5, pgs. 102-111; Turn in Worksheet 9B at the beginning of class Friday: Read Chapter 5, pages 112-117, and pages 162-163. We'll do Worksheet 9C in class. Quiz #8 during last 20 minutes of class. |
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10/25-10/29 Week 10 |
Supply and Demand in Action (Parkin, Chapter 6)
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Monday: Chapter 6, pgs. 122-129; Turn in Worksheet 10A and 10B, #1-4 We'll do
the rest of 10B
in class. Wednesday: Chapter 6, pgs. 1 30-134; Turn in Worksheet 10C; Worksheet 10D will be done in classFriday: Read the "Sugar Subsidies" reading and turn in Worksheet 10E; We'll do 10F in class; then Quiz # 9 during last 20 minutes of class |
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11/1-11/5 Week 11 |
Cost Curves (Parkin, Chapter 10) | Monday: Chapter 10, pgs.
217-223; Turn in Worksheet 11A Wednesday: ROUGH DRAFT OF WRITING ASSIGNMENT PLUS PEER EVALUATION IS DUE TODAY; Chapter 10, pgs. 224-227; Turn in Worksheet 11B; 11C will be done in class. Friday: ;Turn in Worksheet 11D; then Quiz #10 during last 20 minutes of class
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11/8-11/12 Week 12
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The Model of Perfect Competition (Chapter 11) | Monday: Chapter 11, pgs.
238-239; Read "The Calculus of Marginal Revenue" (in your
workbook); Worksheet 12A
will be done in class; and the
meaning of economic profit discussed. Wednesday: Chapter 11, pgs. 240-243; Turn in Worksheet 12B; 12C will be done in class. Friday: Chapter 11, pgs. 244-245; Turn in Worksheet
12D; Chapter 11, pages 246-253; Worksheet 12E will be done in class.Quiz
#11
during
last 20 minutes of class
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11/15-11/19 Week 13
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The Model of Perfect Competition, continued (Parkin, Chapter 11) Monopoly (Chapter 12) |
Monday: Chapter 11, pgs. 254-255 and "Efficiency of Perfect Competition" Notes (in your workbook; Turn in Worksheet 13A Wednesday: FINAL, POLISHED PAPER (ALONG WITH THE ORIGINAL DRAFT) IS DUE TODAY. MORE THAN TWO MECHANICAL ERRORS WILL LOWER YOUR GRADE A FULL LETTER GRADE. Re-Read "The Calculus of Marginal Revenue"; also Read Chapter 12, pages 270-271 (Rent Seeking) in addition read "Airline Lobbying" and "Ungenerous Endowments", both in your workbook. Worksheet 13B will be done in class. People who have not done the readings will be made to suffer. Friday: Read Pages
271-274 (Price Discrimination) and turn in Worksheet 13C;
Quiz # 12 during last 20
minutes of class;
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| 11/22-11/26 Week 14
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THANKSGIVING VACATION | ||
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11/29-12/3 Week 15
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Imperfect
Competition:
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Monday: Read
Chapter 13, pages 284-293 (Monopolistic Competition); Turn
in Worksheet 15A at the beginning of class. We will discuss the
efficiency characteristics of monopolistic competition in class. Read and
pages 294-295 (Oligopoly and the definition of a Cartel) Wed: Re-read the paragraphs entitled “Efficiency and Product Innovation” on page 290, “Efficiency of Advertising and Brand Names” on page 293. Turn in Worksheet 15B at the beginning of class. We'll do Worksheet 15C (cartels) in class. Friday: read "The Disappearing Invisible Hand" on page 305. We'll do Worksheet 15D in class. No Quiz this week |
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12/6-12/10 Week 16
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Externalities, Public Goods and Public Choice Theory (Parkin, Chapter 14, pages 322-324, Chapter 15, and Chapter 16) |
Monday: Chapter 14, pages 322-324 and "Public Choice
Theory" notes in your workbook. We'll do Worksheet 16A in
class.
Wednesday: Read Chapter 15. We'll do Worksheet 16B in class. Friday: Read Chapter 16. We'll do Worksheet 16C in class. |
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12/13-12/17 Week 17
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FINAL EXAM WEEK |
Final exam is cumulative
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