PAI 723 Lectures

Fall 2023


    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 — 8/28/2023 — What is Microeconomics?
Lecture #2 — 8/30/2023 — The Basics of Supply and Demand
Lecture #3 — 9/6/2023 — Supply and Demand Experiment

Supply and Demand Experiment results

Supply and Demand Experiment example from 2019


Applications of Supply and Demand

Lecture #4 — 9/11/2023 — More on Supply and Demand
Lecture #5 — 9/13/2023— Applications of Supply and Demand
Lecture #6 — 9/18/2023 — Elasticity/Taxes
Lecture #7 — 9/20/2023 — Taxes


Consumer Theory — Preferences and Budgets

Lecture #8 — 9/25/2023 — Consumer Behavior: An Introduction to Utility
Lecture #9 — 9/27/2023 — Consumer Behavior: Maximizing Utility
Lecture #10 — 10/2/2023 — Applications of Consumer Theory
Lecture #11 — 10/4/2023 — Case #1: Rice Imports in Pacifica


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

Lecture #12 — 10/11/2023 — Production