Part I: Economic Theories, History, Supply & Demand
introduction: economic theories and history (16, 18 & 23 january)
- Samuelson & Nordhaus, chapter 1 (pp. 3-8)
- Wolff & Resnick, chapter 1
production possibilities (25 & 30 january)
- Samuelson & Nordhaus, chapter 1 (pp. 8-14) & appendix 1 (pp. 18-23)
the basic concepts of supply and demand (1, 6, 8, 13 & 15 february)
- Samuelson & Nordhaus, chapters 3, 4, and 8 (pp. 155-57)
EXAM 1 (20 february)
Part II: Neoclassical Theory of Value
introduction: neoclassical theory of supply and demand (22 february)
- Wolff & Resnick, chapter 2 (pp. 38-50)
preferences and demand (27 february & 1 March)
- Samuelson & Nordhaus, chapter 5 & appendix 5
- Wolff & Resnick, chapter 2 (pp. 50-59)
incomes: wages (6 & 8 march)
- Samuelson & Nordhaus, chapters 12 & 13 (pp. 243-57)
- Wolff & Resnick, chapter 2 (pp. 59-72)
incomes: profits (20 march)
- Samuelson & Nordhaus, chapter 14 (pp. 273-79)
- Wolff & Resnick, chapter 2 (pp. 72-80)
costs and supply (22 & 27 march)
- Samuelson & Nordhaus, chapters 6 (pp. 107-18), 7 (pp. 124-33) & 8 (pp. 147-55)
- Wolff & Resnick, chapter 2 (pp. 80-85)
conclusions (29 march)
- Samuelson & Nordhaus, chapter 8 (pp. 158-62) & appendix 14
- Wolff & Resnick, chapter 2 (pp. 85-95)
EXAM 2 (3 april)
Part III: Extensions, Criticisms, and Alternative Theories
comparative advantage (5 april)
- Samuelson & Nordhaus, chapter 15
imperfect competition (10 april)
- Samuelson & Nordhaus, chapters 9 & 10 (197-200)
game theory (12 april)
- Samuelson & Nordhaus, chapter 11 (pp. 212-20)
discrimination, externalities, and inequality (17 & 19 april)
- Samuelson & Nordhaus, chapters 13 (pp. 257-60), 18 (370-78) & 19 (pp. 382-400)
- Wolff & Resnick, chapter 2 (pp. 95-99)
marxian economics (24 & 26 april)
- Wolff & Resnick, chapter 3 (pp. 125-71)
theoretical differences (1 may)
- Wolff & Resnick, chapter 4
FINAL EXAM (7 may, 10:30 am-12:30 pm)