Economics (Period 1)

Syllabus #2 Ms. Deeter

September 22 - October 3, 2008

Basic Concepts (cont.)

Date In Class Assignment: (for the night after class)

Class #1 Tax Incidence & Elasticity Consumer Surplus (Ex)

(9/22) Price Controls The Great Economists” (Reading) pp. 1-14

Rent Controls (Ex) Finish Web Questions #4

Receive Harkness Guidelines

Hand in PS #1, question 2

Class #2 Finish Price Controls The Great Economists” (Reading) pp. 1-14

(9/24) Consumer Surplus Prepare Discussion Q’s for Harkness

Work on Problem Set #1, Q’s 3-5 Finish PS #1 questions #3-5

Hand in Web Questions #4

Class #3 Adam Smith

(9/25) Karl Marx

Keynes

Harkness Discussion

Hand in PS #1 (questions 3-5)

Class #4 Economics of Everyday Life Study Q’s

(9/26) Basic Concepts – Discussion Q’s Study for Test

Sample Supply & Demand Question

Review Class

Class #5 Review Class Study For Test

(9/29)

Class #6 Consumer Behavior McConnell (Ch20): pp. 378-380

(10/1) Utility Maximization Intro to Costs for the Firm (Ex)

Receive Web Questions #5

Donut Experiment

Class #7 Micro Test #1 McConnell (Ch19): pp. 359-368

(10/2)

Class #8 Long Run vs. Short Run McConnell (Ch 20): pp. 381-389

(10/3) Implicit vs. Explicit Costs (up to Long-Run Production Costs)

Discuss Intro to Costs for the Firm