Temple University

Department of Economics

Principles of Microeconomics

Economics 1102, Section 21

Spring 2012

212 Speakman Hall

Tuesday & Thursday, 2 PM – 3:20 PM

 

Syllabus

 

The homework is due on the date it appears in the syllabus below.

Day and Date

Reading

Other Material

Homework

Tuesday

January 17

Introduction to Course &

What is Economics? Chapter 1

 

 

Thursday

January 19

The Economic Problem

Chapter 2

The Parable of Tommy, Penny and Nicky

 

Introductory Problems

Answer Key

Tuesday

January 24

The Economic Problem

More Tommy, Penny and Nicky

 

Thursday

January 26

Demand and Supply

Chapter 3

 

Comparative Advantage

Answer Key

Tuesday

January 31

Last Day to Drop Was Yesterday

Demand and Supply and Elasticity

Chapters 3 & 4

Applied Problems in Elasticity

1. Hotels in Philadelphia

2. Movies in China

 

Thursday

February 2

 Ground Hog Day

Efficiency and Equity

Chapter 5

 

Equilibrium

Answer Key

Tuesday

February 7

Efficiency and Equity

Chapter 5

Notes on Efficiency and Exchange

Consumer Surplus

Answer Key

Thursday

February 9

Government Actions in Markets, Chapter 6

 

 

Tuesday

February 14

 Valentine’s Day

Government Actions in Markets, Chapter 6

 

 

Thursday

February 16

 

First Hour exam

 

Tuesday

February 21

Review Exam

 

 

Thursday

February 23

Global Markets in Action, Chapter 7

Captain Jack Sparrow Visits Tommy, Penny and Nicky

 

Notes on Trade

 

Samuelson on Trade

 

Tuesday

February 28

 

 

Two Country Trade

Answer Key

Thursday

March 1

Organizing Production

Chapter 10

Notes on the Pursuit of Profit

Tariffs, Quotas, Efficiency

Answer Key

Tuesday

March 6

 

Spring Break

No Class

Thursday

March 8

Tuesday

March 13

Output and Costs

Chapter 11

Notes on Production and Cost

Production

Thursday

March 15

 

 

 

Tuesday

March 20

First Day of Spring

Last Day to Withdraw

Perfect Competition

Chapter 12

 

 

Thursday

March 22

 

Second Hour Exam

 

Tuesday

March 27

Review Hour Exam

 

Competitive Paradigm

Answer Key

Thursday

March 29

Other Market Structures

Chapters 13, 14 and 15

Notes on Other Market Structures

 

Tuesday

April 3

 

 

 

Thursday

April 5

 

 

 

Tuesday

April 10

Market Failure and the Government

Chapter 16 & 17

A Taxonomy of Market Failure

 

Notes on Externalities

 

Externalities and Efficiency: Key

 

Thursday

April 12

 

 

 

Tuesday

April 17

Public Choices and Public Goods

Chapter 16 & 17

Notes on Public Goods

 

Public Goods and Efficiency: Key

Externalities

Answer Key

Thursday

April 19

 

 

 

Tuesday

April 24

Labor Markets

Chapter 18

Notes on Labor Markets

Public Goods

 

Answer Key

 

Just for Practice: Labor Mkts and the Key

Thursday

April 26

Last Day of Class

 

Today is Your 3rd Hour Exam

This is not a final exam. Coverage is only the last third of the course.