Principles
of Economics, fall 2014
course web page
First test Second test Third test
Homework
assignments…
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