Part I: Economic Theories, History, Supply & Demand
introduction: economic theories and history (22, 24 & 29 august)
- Samuelson & Nordhaus, Chapter 1 (pp. 3-8)
- Wolff & Resnick, Chapter 1
>Robert L Heilbroner and William Milberg, The Making of Economic Society, 11th ed. (New York: Prentice Hall, 2001)
>History of Economic Thought
>"Gandhi" (the movie): Monday, 11 September, 8 pm, Hesburgh Center Auditorium (attached to the Kroc Institute)
production possibilities (31 august)
- Samuelson & Nordhaus, Chapter 1 (pp. 8-14) & Appendix 1 (pp. 18-23)
the basic concepts of supply and demand (5, 7, 12, 14 & 19 september)
- Samuelson & Nordhaus, Chapters 3, 4, and 8 (pp. 155-57)
EXAM 1 (21 september)
Part II: Neoclassical Theory of Value
introduction: neoclassical theory of supply and demand (26 september)
- Wolff and Resnick, Chapter 2 (pp. 38-50)
preferences and demand (28 september & 3 october)
- Samuelson & Nordhaus, Chapter 5 & Appendix 5
- Wolff & Resnick, Chapter 2 (pp. 50-59)
incomes: wages (5 & 10 october)
- Samuelson & Nordhaus, Chapters 12 & 13 (pp. 243-57)
- Wolff & Resnick, Chapter 2 (pp. 59-72)
incomes: profits (12 october)
- Samuelson & Nordhaus, Chapter 14 (pp. 273-79)
- Wolff & Resnick, Chapter 2 (pp. 72-80)
costs and supply (24 & 26 october)
- Samuelson & Nordhaus, Chapters 6 (pp. 107-18), 7 (pp. 124-33) & 8 (pp. 147-55)
- Wolff & Resnick, Chapter 2 (pp. 80-85)
conclusions (31 october)
- Samuelson & Nordhaus, Chapter 8 (pp. 158-62) & Appendix 14
- Wolff & Resnick, Chapter 2 (pp. 85-95)
EXAM 2 (2 november)
Part III: Extensions, Criticisms, and Alternative Theories
comparative advantage (7 november)
- Samuelson & Nordhaus, Chapter 15
imperfect competition (9 november)
- Samuelson & Nordhaus, Chapter 9 & 10 (197-200)
game theory (14 november)
- Samuelson & Nordhaus, Chapter 11 (pp. 212-20)
discrimination, externalities, and inequality (16 & 21 november)
- Samuelson & Nordhaus, Chapters 13 (pp. 257-60), 18 (370-78) & 19 (pp. 382-400)
- Resnick & Wolff, Chapter 2 (pp. 95-99)
marxian economics (28 & 30 november)
- Resnick & Wolff, Chapter 3 (pp. 125-71)
theoretical differences (5 december)
- Wolff & Resnick, Chapter 4
FINAL EXAM (14 december, 10:30 am-12:30 pm)