Principles of Economics, spring 2015
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Reflection 1, due Monday, 2/2: Propose a policy change. Predict resulting changes in behavior. Identify winners and losers. Discuss in terms of efficiency and equity.
Problem set 1, due Monday, 2/9: Demand and supply, discrete and continuous. Click here for the pdf.
Problem set 2, due Monday, 2/16: Equilibrium. Click here for the pdf.
Problem set 3, due Monday, 2/23: Price controls and taxes. Click here for the pdf.
Test 1, Wednesday, 2/25
Reflection 2, due Wednesday, 3/4: 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 4, due Monday, 3/9: Monopoly. Click here for the pdf.
Reflection 3, due Monday, 3/23: For negative externalities, positive externalities, and public goods, do each of the following: 1. Define. 2. Give an example not found in the text. 3. Consider the pros and cons of government action in your example.
Problem set 5, due Monday, 3/30: Externalities. Click here for the pdf.
Problem set 6, due Monday, 4/6: Public goods. Click here for the pdf.
Test 2, Wednesday, 4/8
Problem set 7, due Wednesday, 4/15: Long-run market equilibrium. Click here for the pdf.
Reflections 4-7: Macroeconomic reflection questions.
Problem set 8, due Wednesday, 5/13: Trade. Click here for the pdf.
Test 3, Monday, 5/18