Economics 115bGeorge Hall and StaffCourse OutlineSpring 2006WEEK ONETuesday (1/10)Lecture: Get organized; explain the course; provide an overview of micro economicsReadings: PR Chapter 1SN Chapter 1Assignments: Pick up or download Problem Set #1.Thursday (1/12)Lecture: The Organization of Economic ActivityReadings: SN Chapter 2CP The Power of the MarketCP Homo Economicus?Section: No section meetings this week.WEEK TWOTuesday (1/17)Lecture: Supply and DemandReadings: PR Chapter 2CP How Uncle Sam Could Ease the Organ ShortageCP Sheltered MarketAssignments: Hand in Problem Set #1; Download Problem Set #2.Thursday (1/19)Lecture: Consumer Theory: Preferences and ConstraintsReadings: PR Chapter 3CP Subtract Rows, Add SexSection: Sections will meet if we can get them organized.1Economics 115bGeorge Hall and StaffCourse OutlineSpring 2006WEEK THREETuesday (1/24)Lecture: More on Consumer TheoryReadings: PR Chapter 3CP To Have and to HoldAssignments: Hand in Problem Set #2; Download Problem Set #3.Thursday (1/26)Lecture: Individual and Market Demand IReadings: PR Chapter 4CP Smoking, Drinking, and Drug Use Respond to Price ChangesCP Do Higher Cigarette Prices Encourage Youth to Use Marijuana?Section: Meet and greet. Go over problem sets and readingsWEEK FOURTuesday (1/31)Lecture: Individual and Market Demand IIReadings: PR Chapter 4Assignments: Hand in Problem Set #3; Download Problem Set #4.Thursday (2/2)Lecture: Risk and UncertaintyReadings: PR Chapter 5CP Crime on the CourtCP Risk Management for the MassesSection: Go over problem sets and readings2Economics 115bGeorge Hall and StaffCourse OutlineSpring 2006WEEK FIVETuesday (2/7)Lecture: ProductionReadings: PR Chapter 6Assignments: Hand in Problem Set #4; Download Problem Set #5.Thursday (2/9)Lecture: The Cost of ProductionReadings: PR Chapter 7Section: Go over problem sets and readingsWEEK SIXTuesday (2/14)Lecture: Profit Maximization and Competitive SupplyReadings: PR Chapter 8Assignments: Hand in Problem Set #5.Thursday (2/16)Lecture: Analysis of Competitive MarketsReadings: PR Chapter 9CP Debating the Minimum WageSection: Go over problem sets and readings3Economics 115bGeorge Hall and StaffCourse OutlineSpring 2006WEEK SEVENTuesday (2/21)Lecture: catch up and reviewThursday (2/23)Midterm Exam: The test will cover materials through Thursday’s lecture of week six.Section: Teaching Fellows will arrange to have a special meeting to review material for test.WEEK EIGHTTuesday (2/28)Lecture: Market Power: Monopoly and MonopsonyReadings: PR Chapter 10CP There’s Nothing Natural About ‘Natural’ MonopoliesCP Slackers or Pace-SettersAssignments: Download Problem Set #6.Thursday (3/2)Lecture: Pricing With Market PowerReadings: PR Chapter 11CP Private Colleges Juggle Aid FormulasCP Raising the CurtainSection: Go over midterm exam, readings, and spring break plans.SPRING BREAK4Economics 115bGeorge Hall and StaffCourse OutlineSpring 2006WEEK NINETuesday (3/21)Lecture: Monopolistic Competition and OligopolyReadings: PR Chapter 12CP College Financial Aid and Antitrust ActionAssignments: Hand in Problem Set #6; Download Problem Set #7.Thursday (3/23)Lecture: Game Theory and Competitive StrategyReadings: PR Chapter 13CP The Games Economists PlayCP You’ve Seen the MovieCP Of Hockey Players and Housing PricesSection: Go over problem sets and readings.WEEK TENTuesday (3/28)Lecture: Game Theory and AuctionsReadings: PR Chapter 13CP Online Auctions as a LaboratoryCP Tales of ManipulationAssignments: Hand in Problem Set #7; Download Problem Set #8.Thursday (3/30)Lecture: Markets for Factor Inputs: Labor MarketReadings: PR Chapter 14CP Wealth of Nations: Are Europeans Lazy?CP Relax! It’s the LawCP Sticks and Stones Can Break BonesCP So You Want to Hire the BeautifulCP The Hunk DifferentialSection: Go over problem sets and readings.5Economics 115bGeorge Hall and StaffCourse OutlineSpring 2006WEEK ELEVENTuesday (4/4)Lecture: Markets for Factor Inputs: Saving and InvestmentReadings: PR Chapter 15CP Schools Brief: Investing in PeopleAssignments: Hand in Problem Set #8; Download Problem Set #9.Thursday (4/6)Lecture: Capital Markets: A Primer on Stocks and BondsReadings: PR Chapter 5.4, Chapter 15Section: Go over problem sets and readings.WEEK TWELVETuesday (4/11)Lecture: General EquilibriumReadings: PR Chapter 16CP Profit and the Public GoodCP Government Regulation in a Free Market SocietyAssignments: Hand in Problem Set #9; Download Problem Set #10.Thursday (4/13)Lecture: International TradeReadings: PR Chapter 16CP Ricardo’s Difficult IdeaSection: Go over problem sets and readings.6Economics 115bGeorge Hall and StaffCourse OutlineSpring 2006WEEK THIRTEENTuesday (4/18)Lecture: Markets with Asymmetric InformationReadings: PR Chapter 17CP The Lemon DilemmaCP When Paying More Costs LessCP Do Real Estate Agents Exploit Their Informational Advantage?Assignments: Hand in Problem Set #10.Thursday (4/20)Lecture: ExternalitiesReadings: PR Chapter 18CP Lojack Benefits All Car Owners in its AreaCP What Price Pollution? Leave That to a Global MarketSection: Go over problem sets, readings, and summer plans.FINAL EXAM: WEDNESDAY, MAY 3, 2:00PM, LOCATION TBANO MAKEUP WITHOUT A DEAN’S