Part I: Economic Theories, History, Supply & Demand
introduction: economic theories and history (18, 23 & 25 january)
- Samuelson & Nordhaus, Chapter 1 (pp. 3-8)
- Wolff & Resnick, Chapter 1
>Commanding Heights: The Battle for the World Economy (student recommendation)
>Robert L Heilbroner and William Milberg, The Making of Economic Society, 11th ed. (New York: Prentice Hall, 2001)
>History of Economic Thought
>Neal Stephenson, Quicksilver (New York: Harper, 2004) (novel • student recommendation)
production possibilities (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 & 20 february)
- Samuelson & Nordhaus, Chapters 3, 4, and 8 (pp. 155-57)
EXAM 1 (21 February, 8-9:15 am, 101 DBRT)
Part II: Neoclassical Theory of Value
introduction: neoclassical theory of supply and demand (22 february)
- Wolff and 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 & 22 march)
- Samuelson & Nordhaus, Chapter 14 (pp. 273-79)
- Wolff & Resnick, Chapter 2 (pp. 72-80)
costs and supply (27 & 29 march)
- Samuelson & Nordhaus, Chapters 6 (pp. 107-18), 7 (pp. 124-33) & 8 (pp. 147-55)
- Wolff & Resnick, Chapter 2 (pp. 80-85)
conclusions (3 april)
- Samuelson & Nordhaus, Chapter 8 (pp. 158-62) & Appendix 14
- Wolff & Resnick, Chapter 2 (pp. 85-95)
EXAM 2 (4 April, 8-9:15 am, 101 & 155 DBRT)
Part III: Extensions, Criticisms, and Alternative Theories
comparative advantage (5 april)
- Samuelson & Nordhaus, Chapter 15
imperfect competition (10 april)
- Samuelson & Nordhaus, Chapter 9 & 10 (197-200)
game theory (12 april)
- Samuelson & Nordhaus, Chapter 11 (pp. 212-20)
discrimination, externalities, and inequality (19 & 24 april)
- Samuelson & Nordhaus, Chapters 13 (pp. 257-60), 18 (370-78) & 19 (pp. 382-400)
- Resnick & Wolff, Chapter 2 (pp. 95-99)
marxian economics (26 april & 1 may)
- Resnick & Wolff, Chapter 3 (pp. 125-71)
theoretical differences (3 may)
- Wolff & Resnick, Chapter 4
FINAL EXAM (11 May, 1:45-3:45 pm, 100 Stepan Center)