Temple University
Department of Economics

Economics 52
Sections 1 and 2

Fall 2006

Syllabus

Date and Day Reading Review Questions Other Practice Problem Sets Hwk from MyEconLab
8/28

Monday

1 The science of everyday life

 

  Graphs: Slopes and Intercepts and

Down and to the Right?

Production Possibility Frontiers: Movements and Shifts

Importer or Exporter?

Absolute and Comparative Advantage

The Gains from Trade

 

   
8/30

Wednesday

  RQ 1     Algebra and graphs review
9/1

 Friday

 

2 Efficiency and Allocation

3 The American Economy

 

    Introductory Problems

Answer Key

Chapter 1
9/4

Monday

Labor Day. No Class.  
9/6

Wednesday

Notes 1

 

RQ2     Chapters 2 & 3
9/8

Friday

      Comparative Advantage

Answer Key

 
9/11

Monday

Last day to drop.

4 Supply and Demand

 

  1. A change in the quantity demanded,

2. A change in the quantity supplied,

3. Find the Equilibrium.

4. A change in demand

5. The effect of a change in demand, on equilibrium

6. A change in supply

7. The effect of a change in supply on equilibrium

Scarcity

Answer Key

 
9/13

Wednesday

  RQ 3     Chapter 4
9/15

Friday

Notes 2

 

    Two Country Trade

Answer Key

 
9/18

Monday

5 Elasticity

 

 

  Elasticity: Part 1 and Part 2 and Part 3    
9/20

Wednesday

  RQ 4   Equilibrium

Answer Key

Chapter 5
9/22

Friday

7 Consumer Behavior 

 

  How Many Should You Buy

Getting the Most for Your Money

   
9/25

Monday

Elasticity Applications

 

RQ 5   Utility Maximization

Answer Key

 
9/27

Wednesday

We'll use today to catch up if necessary, go over past hwk, and look at old exams.  Be sure to come with your own questions.

 

Chapter 7
9/29

Friday

 

First Hour Exam 

Sample 1

Sample 2

Answer Keys: Exam One, Two, Three, and Four

Fall 2005: Version A, Version B, Version C

Fall 2006 Answer Keys: Version A, Version B, Version C, Version D

 

 
10/2

Monday

Review the results of the exam.

 

       
10/4

Wednesday

8 Firm Production and Cost

 

 

  Production from one variable input

Fixed, Variable and Total Costs

Production, and Average and Marginal Costs

Competitive Output

 

   
10/6

Friday

  RQ 6      
10/9

Monday

9 Perfect Competition        
10/11

Wednesday

 

 

  Price Ceiling


Price Floor

The Incidence of Taxation

Efficiency and Taxes

Taxes and Elasticities

Taxes: Who Pays?

Measuring Consumer Surplus

Measuring Producer Surplus

 

Consumer Surplus

Answer Key

 
10/13

Friday

6 Market Efficiency And Government Intervention RQ 7   Markets, Taxes and Efficiency

Price Ceilings and Efficiency

 
10/16

Monday

 

 

  Production with 1 Input

Answer Key

 
10/18

Wednesday

10 Monopoly

 

    The Competitive Paradigm

Answer Key

 
10/20

Friday

 

RQ 8

     
10/23

Monday

11 Monopolistic Competition

 

  Monopoly Output and Price  

 

 
10/25

Wednesday

  RQ 9      
10/27

Friday

12 Oligopoly

 

       
10/30

Monday

Last day to get WP.

 

RQ 10   Price and Output under Monopoly

Answer Key 

 
11/1

Wednesday

13 Antitrust, Regulation and Deregulation

 

 

Monopolistic Competition

Answer Key 

 
11/3

Friday

 

Second Hour Exam

Key to version A

Key to version B

Sample 1

Sample 2

Fall 2005: Version A, Version B, Version C

Fall 2006: Version A, Version B, Version C, Version D

 

 
11/6

Monday

Review the results of the exam.

 

       
11/8

Wednesday

15 Labor Markets

 

 

 

   
11/10

Friday

 

 

  Competitive Labor Markets

Monopsony

 
   
11/13

Monday

 

17 Externalities  and Public Goods

RQ 13    

 
11/15

Wednesday

      Regulation

Answer Key 

 
11/17

Friday

 

 

 

     
11/20

Monday

  RQ 11   Labor Demand in competitive markets 

Key 

 
11/22

Wednesday

 

 

  Input Demand

Answer Key

Imperfect Labor Markets and Efficiency

 
11/24

Friday

Thanksgiving. No class.  
11/27

Monday

  RQ 15      
11/29

Wednesday

 

 

 

  Externalities

Answer Key

Externalities and Efficiency

 
12/1

Friday

18 International Trade and Trade Policy     Public Goods

Answer Key

Public Goods and Efficiency

 
12/4

Monday

 

Further Reflections on Comparative Advantage and Trade

 

 

  The Gains from Trade  

 

 
12/6

Wednesday

Last day of class.

 RQ 16   Trade in VCR's

Answer Key

Trade and Efficiency

 
12/8

Friday

 

Office hours: TBA

 
12/11

Monday

Office hours: TBA  
12/13

Wednesday

 

Section 1, MWF, 9:40-10:30

Final Exam AT 8:30 AM

 

Sample 1

Sample 2

Sample 3, Sample 4, Sample 5, Sample 6

 
12/15

Friday

 

Section 2, MWF, 10:40-11:30

Final Exam  AT 8:30 AM

 

 
 

Office Hours: MWF, 2-3:30 PM and by mutually agreeable appointment

Ritter Annex 813