Weekly Schedule
Material is taken from https://users.etown.edu/p/pauls/ec102/. You can supplement this with suitable readings from the textbook.
Week 1 (June 29)
Lecture 1: Introduction
Lecture 2: Graphs
Lecture 3: Opportunity cost
Lecture 4: Markets and government
Lecture 5: Supply and demand
Exercise Set 1: Graphs
Exercise Set 2: Opportunity Cost
Exercise Set 3: Demand
Exercise Set 4: Supply
Exercise Set 5: Equilibrium
Exercise Set 6: Excess Supply
Assignments 1 - 2
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Week 2 (July 6)
Lecture 6: Consumer Choice
Lecture 7: Demand Curve
Exercise Set 7: Budget Constraint | Answers (PDF)
Exercise Set 8: Indifference Curves | Answers (PDF)
Exercise Set 9: Utility maximization | Answers (PDF)
Exercise Set 9.5: Consumer Surplus | Answers (PDF)
Assignments 3 - 4
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Week 3 (July 13)
Lecture 8: Elasticity
Lecture 9: Business Organization
Exercise Set 10: Elasticity | Answers (PDF)
Assignments 5 - 6
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Week 4 (July 20)
Lecture 10: Production
Lecture 11: Cost Functions
Lecture 12: Average Cost and Returns to Scale
Exercise Set 11: Marginal Product | Answers (PDF)
Exercise Set 12: Cost Functions | Answers (PDF)
Assignments 7 - 8
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Week 5 (July 27)
Lecture 13: Profit Maximization
Lecture 14: Perfect Competition
Lecture 15: Supply Curve
Exercise Set 13: Perfect Competition | Answers (PDF)
Assignments 9 - 10
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Week 6 (Aug 3)
Lecture 16: Monopoly
Lecture 17: More on Monopoly
Lecture 18: Monopolistic Competition
Lecture 19: Industry Concentration
Lecture 20: Oligopoly
Exercise Set 14: Monopoly | Answers (PDF)
Exercise Set 15: Imperfect Competition | Answers (PDF)
Assignments 11 - 12
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Week 7 (Aug 10)
Lecture 21: Market Failure
Lecture 22: Income Inequality
Exercise Set 16: Market Failure | Answers (PDF)
Exercise Set 17: Income Inequality
Assignments 13 - 14
Final exam: Fri, Aug 14
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