- Thinking Like an Economist.
Appendix: Graphing: A Brief Review.
- Interdependence and the Gains from Trade.
Part II: SUPPLY AND DEMAND I: HOW MARKETS WORK.
- The Market Forces of Supply and Demand.
- Elasticity and Its Application.
- Supply, Demand, and Government Policies.
Part III: SUPPLY AND DEMAND II: MARKETS AND WELFARE.
- Consumers, Producers, and the Efficiency of Markets.
- Application: The Costs of Taxation.
- Application: International Trade.
Part IV: THE ECONOMICS OF PUBLIC SECTOR.
- Public Goods and Common Resources.
- The Design of the Tax System.
Part V: FIRM BEHAVIOR AND THE ORGANIZATION OF INDUSTRY.
- The Costs of Production.
- Firms in Competitive Markets.
- Monopolistic Competition.
Part VI: THE ECONOMICS OF LABOR MARKETS.
- The Markets for the Factors of Production.
- Earnings and Discrimination.
- Income Inequality and Poverty.
Part VII: TOPICS FOR FURTHER STUDY.
- The Theory of Consumer Choice.
- Frontiers in Microeconomics.
Major focus topics: Technology, Energy, unemployment/ minimum wage
Narrow topics: Tesla
Other topics are allowed.
Recent articles only no earlier than one year
Each commentary must not exceed 750 words. Target word count 500-700.
Note: your instructor will not read beyond 750 words for each commentary.
Each article (3) must be based on a different principle.
Students must use a different source for each commentary.