Part I: Economic Theories, History, Supply & Demand
introduction: economic theories and history (12, 17 & 19 january)
- Samuelson & Nordhaus, Chapter 1 (pp. 3-8)
- Wolff & Resnick, Chapter 1
production possibilities (24 january)
- Samuelson & Nordhaus, Chapter 1 (pp. 8-14) & Appendix 1 (pp. 18-23)
the basic concepts of supply and demand (26 & 31 January and 2, 7, 9 & 14 february)
- Samuelson & Nordhaus, Chapters 3, 4, and 8 (pp. 155-57)
EXAM 1 (17 February, 8-9:15 am)
Part II: Neoclassical Theory of Value
introduction: neoclassical theory of supply and demand (16 february)
- Wolff and Resnick, Chapter 2 (pp. 38-50)
preferences and demand (21 and 23 february)
- Samuelson & Nordhaus, Chapter 5 & Appendix 5
- Wolff & Resnick, Chapter 2 (pp. 50-59)
incomes: wages (28 february and 2 march )
- Samuelson & Nordhaus, Chapters 12 & 13 (pp. 243-57)
- Wolff & Resnick, Chapter 2 (pp. 59-72)
incomes: profits (14 and 16 march)
- Samuelson & Nordhaus, Chapter 14 (pp. 273-79)
- Wolff & Resnick, Chapter 2 (pp. 72-80)
costs and supply (21 and 23 march)
- Samuelson & Nordhaus, Chapters 6 (pp. 107-18), 7 (pp. 124-33) & 8 (pp. 147-55)
- Wolff & Resnick, Chapter 2 (pp. 80-85)
conclusions (30 march)
- Samuelson & Nordhaus, Chapter 8 (pp. 158-62) & Appendix 14
- Wolff & Resnick, Chapter 2 (pp. 85-95)
EXAM 2 (31 March, 8-9:15 am)
Part III: Extensions, Criticisms, and Alternative Theories
comparative advantage (4 april)
- Samuelson & Nordhaus, Chapter 15
imperfect competition (6 april)
- Samuelson & Nordhaus, Chapter 9 & 10 (197-200)
game theory (11 april)
- Samuelson & Nordhaus, Chapter 11 (pp. 212-20)
discrimination, externalities, and inequality (13 april)
- Samuelson & Nordhaus, Chapters 13 (pp. 257-60), 18 (370-78) & 19 (pp. 382-400)
- Resnick & Wolff, Chapter 2 (pp. 95-99)
marxian economics (18 & 20 april)
- Resnick & Wolff, Chapter 3 (pp. 125-71)
theoretical differences (25 & 27 april)
- Wolff & Resnick, Chapter 4
FINAL EXAM (4 May, 1:45-3:45 pm)