Welcome to Principles of Economics

Monday, August 24

• Introduction to the Course.
• Ch. 1 First principles
  • Problems 2, 3, 4, 7, 8, 9, 11
• Ch. 2 Economic models: Trade-offs and trade & Appendix graphs in economics
  • Problems 2, 4, 5, 6, 10, 11, 15
  • Appendix problems 3, 4, 5, 7

• Ch. 2 Economic models: Trade-offs and trade & Appendix: Graphs in economics
  • Problems 2, 4, 5, 6, 10, 11, 15
  • Appendix problems 3, 4, 5, 7
• Ch. 3 Supply and demand
  • Problems 1-3, 6-9, 11, 14, 15, 19

• As Clunker Rebates Help Ford, Aid May Be Extended
• The $2 Billion Question
  
  
• Additional information (if interested) CARS: Helpful Q&As for Consumers

Monday, August 31

Online quiz on Chapter 4 due before the start of class.

• Ch. 3 Supply and demand
  • Problems 1-3, 6-9, 11, 14, 15, 19
• Ch. 4 Consumer and produce surplus
  • Problems 1-3, 5, 7, 8, 10

• Ch. 4 Consumer and produce surplus
  • Problems 1-3, 5, 7, 8, 10
• Ch. 5 pp. 117-133 Price Ceilings and Price Floors
  • Problems 1-4, 8, 11

• Ministers urged to impose price controls on alcohol
• Bumper Cherry Crop Turns Sour

Monday, September 7

LABOR DAY - No CLass

• Ch. 5 pp. 133-138 Controlling Quantities
  • Problems 2.d., 10
• Ch. 6 Elasticities
  • Problems 1-3, 5, 7, 10, 16

• EXAM 1
  For the exams, lab meeting times will be 1:00-2:20 and 2:30-3:50.
• Review Sheet
• The exam will cover:
• Ch. 1 First principles
  • Problems 2, 3, 4, 7, 8, 9, 11
• Ch. 2 Economic models: Trade-offs and trade & Appendix graphs in economics
  • Problems 2, 4, 5, 6, 10, 11, 15
  • Appendix problems 3, 4, 5, 7
• Ch. 3 Supply and demand
  • Problems 1-3, 6-9, 11, 14, 15, 19
• Ch. 4 Consumer and produce surplus
  • Problems 1-3, 5, 7, 8, 10
• Ch. 5 pp. 117-133 Price Ceilings and Price Floors
  • Problems 1-4, 8, 11

Monday, September 14

Online quiz on Chapter 7 due before the start of class.

• Ch. 6 Elasticities
  • Problems 1-3, 5, 7, 10, 16
• Ch. 7 Taxes
  • Problems 2, 3, 4, 6, 8, 9, 10, 13

• Ch. 7 Taxes
  • Problems 2, 3, 4, 6, 8, 9, 10, 13
• Ch. 8 International Trade
  • Problems 7, 8, 9, 10, 11, 12, 14

• International Trade Lab Assignment

• Wearing thin
• Protectionist Measures Expected to Rise, Report Warns

Monday, September 21

Online quiz on Chapter 9 due before the start of class.

• Ch. 9 pp. 225-239 Making Decisions
  • Problems 1-6, 8, 11, 12

• Ch. 12 Behind the Supply Curve
  • Problems 2-5, 8-10, 15

Monday, September 28

Online quiz on Chapter 13 due before the start of class.

• Ch. 13 Perfect Competition
  • Problems 1-5, 7, 11
• Ch. 14 Monopoly
  • Problems 1-4, 10, 11

• Ch. 14 Monopoly
  • Problems 1-4, 10, 11

Monday, October 5

Online quiz on Chapter 17 due before the start of class. If you are having trouble with the online version, use the print version and turn it in at the start of class.

• Ch. 17 Externalities
  • Problems 1, 2, 4, 7, 8, 11
• Reading: The cap-and-trade bill: Waiting for the other shoe to drop

• Review Sheet

• Lab 4

• Lab 6

• Ch. 5 pp. 133-138 Controlling Quantities
  • Problems 2.d., 10
• Ch. 6 Elasticities
  • Problems 1-3, 5, 7, 10, 16
• Ch. 7 Taxes
  • Problems 2, 3, 4, 6, 8, 9, 10, 13
• Ch. 8 International Trade
  • Problems 7, 8, 9, 10, 11, 12, 14
• Ch. 9 pp. 225-239 Making Decisions
  • Problems 1-6, 8, 11, 12
• Ch. 12 Behind the Supply Curve
  • Problems 2-5, 8-10, 15
• Ch. 13 Perfect Competition
  • Problems 1-5, 7, 11
• Ch. 14 Monopoly
  • Problems 1-4, 10, 11
• Ch. 17 Externalities
  • Problems 1, 2, 4, 7, 8, 11

Monday, October 12

Fall Break

• Ch. 22 Macro: the Big Picture
  • Problems 3, 6, 7, 10, 11
• Ch. 23 Tracking the Macroeconomy
  • Problems 1-6 for Lab

• Due: Chapter 23 problems 1-6
  
• Readings:
  • GDP.RIP
  • Dropping the Shopping
• Hand back Exam 2

Monday, October 19

• Ch. 23 continued
  • Problems 7, 8, 10, 14 for Wed (For 14, use only the data on Four-year private college: residential.)
• Ch. 24 Unemployment and Inflation, section on Inflation, pages 630-36

• Ch. 24 Unemployment and Inflation section on Unemployment
• DUE: Chap 23: Problems 7, 8, 10, 14 (For 14, use only the data on Four-year private college: residential.)
• Additional Reading: Job Cuts Outpace GDP Fall

• DUE: Web Assignment on Unemployment and Inflation
• Go over Chap 23 problems

Monday, October 26

Online quizzes on Chapter 26 due before the start of class. If you are having trouble with the online version, use the print version of Chapter 26 and turn it in at the start of class.

• Ch. 26 The Financial System
  • Problems 1-5 for Wed
• Refer to Savings/Investment Identity

• Ch. 26 The Financial System continued
  • DUE: Problems 1-5
  • Problems 6, 7, 8, 11, & 14 for Lab

• DUE: Ch. 26 Probs 6, 7, 8, 11, & 14
• DUE:Portfolio Lab Assignment
• Readings for Lab Assignment:
  • How Economic Recovery Might Unfold
  • A Bear Market Lurks as Dow Nears 10000
• Discuss: The Long Climb

Monday, November 2

Online quizzes on Chapter 27 due before the start of class. If you are having trouble with the online version, use the print version of Chapter 27 and turn it in at the start of class.

• Ch. 27 Income-Expenditure Model
  • Ch. 27 Problems 1, 2, 3, 8, 9, 10, 13 for Wed

• Ch. 28 Aggregate Demand and Supply
  • Ch. 28 Problems 4, 5, 8, 10, 11 for Lab
• DUE: Chapter 27: Problems 1, 2, 3, 8, 9, 10, 13

• Due: Ch. 28 problems 4, 5, 8, 10, 11
• Review Ch. 27 and 28 problems
• Readings:
  • The Great Escape
  • From Ozzie to Ricky

Monday, November 9

• Ch. 28 Aggregate Demand and Supply (continued)
  • Problems 12-16 for Wed

• Ch. 29 Fiscal Policy
  • Problems 1, 2, 3, 4, 6, 12 for Lab
• DUE: Chapter 28: Problems 12-16
• READING: The Challenge in Counting Stimulus Returns

• Go over Ch. 28 and Ch. 29 problems
• Readings:
  • Liquidity Preference and Loanable funds
  • America's Debt

Monday, November 16

Online quizzes on Chapter 30 due before the start of class. If you are having trouble with the online version, use the print version of Chapter 30 and turn it in at the start of class.

• Ch. 30 Money, Banking, and the Fed
  • Problems

• Ch. 31 Monetary Policy

• EXAM THREE on Chapters 22, 23, 24, 26, 27, 28, & 29