SUPA Economics Syllabus
Fall 2011
Microeconomics
Week One
Chapter 1: Introduction
Basic Economic Terms
Chapter 2.1-2.3: Modeling Individual Choice
Diminishing Marginal Utility
HW#1 Due Friday 9/9/11
Week Two
Chapter 2.4-2.9: Modeling Individual Choice (continued)
The Decision Rule
HW #2 Due Friday 9/16/11
Week Three
Chapter 3: Interdependent Choice and Market Coordination
Division of Labor, The Role of Money, How the Markets Work, Circular Flow
HW #3 Due Thursday 9/22/11
Unit Exam: Chapters 1-3 Friday 9/23/11
Week Four
Chapter 4: Product Market Demand Under Perfect Competition
Product Demand & Shift Variables
HW #4 Due Wednesday 9/28/11
Week Five
Chapter 5: Product Market Supply
Product Supply & Shift Variables
HW #5 Due Friday 10/7/11
Week Six
Chapter 6: Representing the Power of the Invisible Hand
Product Market Efficiency & Markets, Perfect Competition, Creativity and Material Progress
HW #6 Due Friday 10/14/11
Week Seven
Unit Exam: Chapters 4-6 Monday 10/17/11
Chapter 7: The Factor Market
Factor Market Supply & Factor Market Demand
Chapter 8: General Competitive Equilibrium (GCE)
General Equilibrium Theory & General Competitive Equilibrium
HW #7 Due Wednesday 10/19/11
Week Eight
Chapter 9: Market Power, Market Failure, and General Equilibrium
Market Power and Market Failure
HW #8 Due Friday 10/21/11
Week Nine
Chapter 10: The Microeconomy and the Government
Gov’t Intervention in the Microeconomy, Efficiency and Distributive Justice
HW #9 Due Friday 10/28/11
Week Ten
Midterm Review
MIDTERM TBA
CURRENT EVENTS PROJECT DUE Wednesday, November 2nd
Macroeconomics
Week Eleven
Chapter 11: Introduction to the Macroeconomy
GDP, Labor, CPI, Inflation and Deflation
HW #10 Due Friday 11/18/11
Week Twelve
Chapter 12: The Basic Macro Model
Aggregate Demand, Aggregate Supply, Combining AD, LAS, and AS
HW #11 Due Wednesday 11/23/11
Week Thirteen
Chapter 13: Aggregate Demand
Consumption, Investment, The Trade Balance and the Government’s Budget Position
Chapter 14: Aggregate Supply and the Transition to Policy
Sources of AS Shifts and Transition Policy
HW #12 Due Thursday 12/1/11
Unit Exam: Chapters 11-14 Friday 12/2/11
Week Fourteen
Chapter 15: Policy: The Promise and the Problems
HW #13 Due Friday 12/9/11
Week Fifteen
Chapter 16: Monetary Policy
The Institutional Context, The Implementation, Financial Crisis, & AD Management
HW #14 Due Friday 12/16/11
Week Sixteen
Chapter 17: Fiscal Policy
The Institution, Implementation and the Debate
HW #15 Due Thursday 12/22/11
Week Seventeen
Chapter 18: Trade Policy
Tools and Issues
HW #16 Due Friday 1/6/11
Week Eighteen
Unit Exam: Chapters 15-18 Monday 1/9/11
Chapter 19: Conclusion
CURRENT EVENTS PROJECT DUE Friday, 1/13/11
Week Nineteen & Twenty
Final Review
FINAL EXAM
****Please note Due Dates are subject to change****