Tentative Course Outline: The following topics are scheduled
for this quarter. Revisions to this outline will be made as necessary,
but this list will serve as a guide. "Parkin 3e" refers to the third edition of
the textbook; Parkin 4e refers to the fourth edition.
| Lecture Dates, Topics, and Readings | |||
|---|---|---|---|
| Date | Topic | Parkin 3e Readings | Parkin 4e Readings |
| 10/1 | What is Economics? Production, Specialization and Exchange | Ch. 1, 2, 3 (Be sure you KNOW the material in Ch. 2) | Ch. 1, 2, 3 (Be sure you KNOW the material in Ch. 2) |
| 10/6 | Economic Models; Demand | Ch. 4 (pp. 66-74) | Ch. 4 (pp. 67-73) |
| 10/8 | Supply; Equilibrium Price Determination | Ch. 4 (pp. 74-end) | Ch. 4 (pp. 74-end) |
| 10/13 | The Concept of Elasticity | Ch. 5 | Ch. 5 |
| 10/15 | Efficiency, Markets in Action | Ch. 5, Ch. 6 | Ch. 6, Ch. 7 |
| 10/20 | Utility and Demand; the Marginal Utility Approach | Ch. 7 | Ch. 8 |
| 10/22 | Possibilities, Preferences and Choices: Indifference Curves | Ch. 8 | Ch. 9 |
| 10/27 | Organizing Production | Ch. 9 | Ch. 10 |
| 10/29 | Output and Costs | Ch. 10 | Ch. 11 |
| 11/3 | Market Structure: Competition | Ch. 11 | Ch. 12 |
| 11/5 | Market Structure: Monopoly | Ch. 12 | Ch. 13 |
| 11/10 | Market Structure: Monopolistic Competition and Oligopoly | Ch. 13 | Ch. 14 |
| 11/12 | MIDTERM EXAM (second room will be announced) | (covers material to end of Chapter 11 if we are on schedule) | (covers material to end of Chapter 12 if we are on schedule) |
| 11/17 | Demand and Supply in Resource Markets: Labor | Ch. 14 | Ch. 15 (pp. 317-325) |
| 11/19 | Capital and Natural Resource Markets | Ch. 16 | Ch. 15 (pp. 326-end) |
| 11/24 | More on Labor Markets | Ch. 15 | Ch. 16 |
| 12/1 | Inequality, Redistribution, and Health Care | Ch. 19 | Ch. 17 |
| 12/3 | Market Failure and Public Choice | Ch. 18 | Ch. 18 |
| 12/8 | Externalities, the Environment, and Knowledge | Ch. 21 | Ch. 20 |
| 12/10 | Uncertainty and Information | Ch. 17 | Ch. 21 |
| 12/16 | FINAL EXAM, Wednesday, 3 - 6 p.m. | (second room assignments will be announced) | |