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****