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1 |
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Overview of the Income Distribution
Introduction to Supply and Demand |
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Nicholson, Walter. Chap. 1 and Appendix to Chap. 1 in Intermediate Microeconomics and its Applications. 8th ed. Harcourt, 2000.
Optional Reading (available under "Materials" on course web site).
Lerman, Robert. "U.S. Income Inequality Trends and Recent Immigration." In Population Association of America Annual Meetings. Los Angeles, March. |
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Go to Web-Based Learning Tools and experiment with the first two examples under Supply and Demand. |
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2 |
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Supply and Demand, ctd. and Elasticity |
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Nicholson, Walter. Intermediate Microeconomics and its Applications. 8th ed. Harcourt, 2000, 117-134. |
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Web Tools: Experiment with the third through fifth examples under Supply and Demand. |
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3 |
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Optional Session on simple first derivatives, the basic calculus to be used in the course (It is of about one hour.) |
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4 |
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Finish of Supply and Demand and Start of California Electricity Deregulation |
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Joskow, Paul L. "California's Electricity Crisis." 28 Sept. 2001.
Reading package - read this long paper for general background but focus on the problems in the deregulation plan as they became apparent. |
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5 |
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Finish of California Electricity Deregulation
Begin Utility Maximization and the Allocation of Scarce Resources - e.g. the machinery behind the demand curve |
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Nicholson, Walter. Chap. 2 in Intermediate Microeconomics and its Applications. 8th ed. Harcourt, 2000. |
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Web Tools: Experiment with three exercises under Consumer Behavior. |
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6 |
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Utility Maximization, ctd.,
Individual Demand and Market Demand |
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Nicholson, Walter. Chap. 3 and 4 in Intermediate Microeconomics and its Applications. 8th ed. Harcourt, 2000, 115-119. |
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7 |
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Technology, Costs and Returns to Scale |
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Nicholson, Walter. Chap. 5 and 6 in Intermediate Microeconomics and its Applications. 8th ed. Harcourt, 2000, 115-119.
Autor, David, Frank Levy, and Richard J. Murnane. "Upstairs, Downstairs: Computers and Skills on Two Floors of a Large Bank." In Industrial and Labor Relations Review (Spring 2002). (reading package)
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Web Tools: Experiment with Production Cost exercise. |
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8 |
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Basic Logic of Profit Maximization |
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Nicholson, Walter. Chap. 7 in Intermediate Microeconomics and its Applications. 8th ed. Harcourt, 2000. |
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Web Tools: Under Monopoly, experiment with Demand Curve and Revenue Maximization exercise under Consumer Behavior. |
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9 |
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Profit Maximization in Competitive Markets |
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Nicholson, Walter. Chap. 8 and 9 in Intermediate Microeconomics and its Applications. 8th ed. Harcourt, 2000. |
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Web Tools: Experiment with Perfect Competition Market exercise. |
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10 |
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Profit Maximization under Monopoly |
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Nicholson, Walter. Chap. 10 in Intermediate Microeconomics and its Applications. 8th ed. Harcourt, 2000.
Shapiro, Carl, and Hal R. Varian. "A Strategic Guide to the Network Economy." Chap. 7 in Information Rules. Harvard Business School Press, 10 Nov. 1998. (reading package)
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11 |
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Oligopoly and Monopolistic Competition |
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Nicholson, Walter. Chap. 11 in Intermediate Microeconomics and its Applications. 8th ed. Harcourt, 2000, 329.
Aubourg, Diana. "Palm Pilots." (available on course web site). |
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12 |
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A Taste of Game Theory |
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Nicholson, Walter. Chap. 12 in Intermediate Microeconomics and its Applications. 8th ed. Harcourt, 2000. |
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13 |
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Incentives and Enron |
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Nicholson, Walter. Intermediate Microeconomics and its Applications. 8th ed. Harcourt, 2000, 222-9.
Fuller, Joseph, and Michael C. Jensen. "Just Say No to Wall Street." In The Monitor Company and Harvard Business School. 17 Jan. 2002. (reading package) |
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14 |
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Introduction to Government Action (prelude to Planning Economics) |
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Nicholson, Walter. Chap. 17 in Intermediate Microeconomics and its Applications. 8th ed. Harcourt, 2000. |
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Web Tools: Experiment with Tragedy of the Commons exercise. |
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