PAI 723 Lectures

Fall 2026

    As the semester progresses, a link to each lecture will be added to this page.  The link will include a summary of the main points from that day’s lecture.

Introduction: Microeconomics and Markets

Lecture #1 — 8/24/2026 — What is Microeconomics?
Lecture #2 — 8/26/2026 — The Basics of Supply and Demand
Lecture #3 — 8/31/2026 — Supply and Demand Experiment

Supply and Demand Experiment results

Supply and Demand Experiment results with tax on buyers and sellers

Applications of Supply and Demand

Lecture #4 — 9/2/2026 — More on Supply and Demand
Lecture #5 — 9/9/2026 — Applications of Supply and Demand
Lecture #6 — 9/14/2026 — Elasticity/Taxes
Lecture #7 — 9/16/2026 — Taxes

Consumer Theory — Preferences and Budgets

Lecture #8 — 9/21/2026 — Consumer Behavior: An Introduction to Utility
Lecture #9 — 9/23/2026 — Consumer Behavior: Maximizing Utility
Lecture #10 — 9/28/2026 — Applications of Consumer Theory
Lecture #11 — 9/30/2026 — Case #1: Rice Imports in Pacifica

Producer Theory –- Production, Costs, and the Derivation of the Supply Curve

Lecture #12 — 10/5/2026 — Production
10/7/2026 — Quiz #1
Lecture #13 — 10/14/2026 — Costs of Production