Principles
of Economics, fall 2015
course web page
Homework
assignments…
Reflection
1,
due Tuesday, 9/8: Propose a policy change. Predict resulting changes in
behavior. Identify winners and losers. Discuss in terms of efficiency and
equity.
Problem
Set 1, on demand, supply, and equilibrium, due Tuesday,
9/15: Click here for the pdf.
Reflection
2,
due Tuesday, 9/22: Consider each of the following three policies as they
pertain to a single market: price floor, price ceiling, excise tax. For each of
these policies, answer the following questions: What is the basic argument that
the policy reduces the efficiency of the market it’s applied to? (Optional: are
there important exceptions?) In cases where it does reduce efficiency, what
arguments for the policy might still be available?
Problem
Set 2, on price controls and taxes, due Tuesday, 9/29: Click here for the pdf.
Test
1: Thursday, 10/1
Reflection
3,
due Thursday, 10/8: Define monopoly, oligopoly, and monopolistic competition.
What are some causes of market power? What is the basic argument that market
power reduces efficiency?
Problem
Set 3, on monopoly, due Thursday, 10/15: Click here for the pdf.
Reflection
4,
due Tuesday, 10/20: Define negative and positive externalities. For each, give
a novel example and discuss the pros and cons of government intervention in
your example.
Problem
Set 4, on externalities, due Tuesday, 10/27: Click here for the pdf.
Problem
Set 5 on public goods, due Tuesday, 11/3: Click here for the pdf.
Test
2: Thursday, 11/12
Problem
Set 6 on long run market equilibrium, due Thursday,
11/19: Click here for the pdf.
Macroeconomic
reflection questions.
Reflection
5,
due 12/1: Macro questions 1-6.
Reflection
6,
due Thursday, 12/3: Macro questions 7-11.
Reflection
7,
due Thursday, 12/10: Macro questions 16-24.
Test
3: Thursday, 12/17