Schedule of Lectures, Sections, and ExamsEconomics 1 Spring 2002 |
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|
Date
|
Event
|
Preparation
for Class
|
|
Mon,
April 1
Lecture
|
Introduction
|
|
|
April
2-4
Section |
Experiment
1
(Supply and Demand) |
Read
instructions for Experiment 1 before section.
All
sections meet the first week of class.
|
|
Wed,
Apr 3
Lecture
|
No
Class Today
|
|
|
Fri,
Apr 5
Lecture
|
Supply
and Demand
Discussion of Experiment 1 |
Read
Chapter 1 and Appendix A.1.
|
|
Mon,
Apr 8
Lecture
|
Efficiency
of Markets
Algebra
of Supply and Demand
|
|
|
Apr
9-11
Section
|
Experiment
2
(Shifting Supply and Demand) |
Read
instructions for Experiment 2.
Turn in Chapter 1 homework. |
|
Wed,
Apr 10
Lecture
|
Quiz
1 on Experiment 1
|
|
|
Fri,
Apr 12
Lecture
|
Shifts
in Supply
Discussion
of Experiment 2
|
Read
Chapter 2.
|
|
Mon,
Apr 15
Lecture
|
Price
Elasticity of Demand
|
Read
Appendices A.2-A.4 of text.
|
|
Apr
16-18
Section
|
Experiment
3
(Sales Tax) |
Read
instructions for Experiment 3.
Turn in Chapter 2 homework. |
|
Wed,
Apr 17
Lecture
|
Economics
by Curve-Shifting
|
|
|
Fri,
Apr 19
Lecture
|
Sales
Tax
Discussion of Experiment 3 |
Read
Chapter 3
|
|
Mon,
Apr 22
Lecture
|
Deadweight
Loss of a Tax
|
|
|
Apr
23-25
Section
|
Experiment
4
(Prohibition) |
Read
instructions for Experiment 4.
Turn in Chapter 3 homework. |
|
Wed,
Apr 24
Lecture
|
Quiz
2 on Experiments 1-3
|
|
|
Fri,
April 26
Lecture
|
Supply
and Demand for
Illegal Activities |
Read
Chapter 4
|
| Fri, Apr 26 | Drop Deadline | |
|
Mon,
Apr 29
Lecture
|
Marginal
Product
Labor
Supply
|
|
|
Apr
30-May 2
Section
|
Experiment
5
(Minimum Wage) |
Read
instructions for Experiment 5.
Turn in Chapter 4 homework. |
|
Wed,
May 1
Lecture
|
Price
Floors and Ceilings
|
|
|
Fri,
May 3,
Lecture
|
No
Class Today
|
|
|
Mon,
May 6
Lecture
|
Quiz
3 on Experiments 1-5
|
|
|
May
7-9
|
Experiment
6
(Externalities) |
Read
instructions for Exp 6. Turn in Chapter 5 homework.
|
|
Wed,
May 8
Lecture |
Pollution,
Congestion, and
Externalities |
Read
Chapter 6
|
|
Fri,
May 10
Lecture
|
Pollution
Permits
Positive Externalities |
|
|
Mon,
May 13
|
No
Class Today
|
|
|
May
14-16
|
Experiment
7
(Monopoly) |
Read
instructions for Exp 7.
Turn in Chap 6 homework |
|
Wed,
May 15
|
Quiz
4 on Experiments 4-6
|
|
|
Fri,
May 17
Lecture
|
Monopoly
&Competition
Discussion of Experiment 7 |
Read
Chapter 7
|
|
Mon,
May 20
Lecture
|
Price
Discrimination
|
|
|
May
21-23
Section
|
Experiment
8
(Firm Entry and Exit) |
Read
instructions for Experiment 8.
Turn in Chap 7 homework. |
|
Wed,
May 22
Lecture
|
More Monopoly Behavior |
|
|
Fri,
May 24
Lecture
|
Entry
and Exit of Firms
|
Read
Chapter 8
|
|
Mon,
May 27
Memorial
Day
|
No
Class Today
|
Enjoy a break |
|
Wed ,
May 29
Lecture
|
Quiz
5 on Experiments 7-8
|
|
|
May
28-30
Section
|
Experiment
11.
\(Comparative
Advantage)
|
Read
instructions for Exp 11.
Turn in Chapter 8 homework. |
|
Fri ,
Nov 31
Lecture
|
Comparative
Advantage and Specialization
|
Read
Chapter 11
|
|
Mon,
June 3
Lecture
|
Economics
of Information
|
Read
Chapter 12
|
|
June
4-6
Section
|
Experiment
12
(Used Cars ) |
Read
instructions for Exp 12.
Turn in Chapter 11 homework. |
|
Wed,
June 5
|
Discussion
of Lemons Market
|
|
|
Mon,
June 10
|
Final Examination |
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