Principles of Economics, fall 2014
course web page
Reflection 1, due Tuesday, 9/8: What do you hope to get out of the course? What questions in economics do you find interesting?
Problem set 1, due Tuesday, 9/16: click here for the pdf
Problem set 2, due Tuesday, 9/30: click here for the pdf
Test 1, Thursday, 10/2
Reflection 2, due Thursday, 10/16: Why do monopolies exist? What are the welfare implications of monopolies? How to oligopolies compare to monopolies and to perfect competition? Discuss a real world example of an imperfectly competitive firm.
Problem set 3 on monopolies, due Thursday, 10/16: click here for the pdf
Reflection 3, due Tuesday, 10/21: Define ‘negative externality’, ‘positive externality’, and ‘public good’. For each, give an example not found in the text, and comment the pros and cons of government intervention.
Problem set 4 on externalities, due Tuesday, 10/28: click here for the pdf
Problem set 5 on public goods, due Thursday, 11/6: click here for the pdf
Test 2, Thursday, 11/13
Problem set 6 on long run market equilibria, due 11/25: click here for the pdf
Reflection 4 on macroeconomics, due 12/4: click here for the pdf
Problem set 7 on comparative advantage and trade, due 11/25: click here for the pdf
Test 3, Thursday, 12/18