Fall 2024
- 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 — 8/26/2024 — Introduction
How Markets Work: Supply and Demand
Lecture #2 — 8/28/2024 — Introduction to Supply and Demand
Lecture #3 — 9/4/2024 — Supply and Demand Experiment
Applications of Supply and Demand
Lecture #4 — 9/9/2024 — More on Supply and Demand
Lecture #5 — 9/11/2024 — Applications of Supply and Demand
Lecture #6 — 9/16/2024 — Elasticity/Taxes
Lecture #7 — 9/18/2024 — Taxes
Consumer Theory – Preferences and Budgets
Lecture #8 — 9/23/2024 — Consumer Behavior: An Introduction to the Concept of Utility
Lecture #9 — 9/25/2024 — Consumer Behavior: Maximizing Utility
Lecture #10 — 9/30/2024 — Applications of Consumer Theory
Lecture #11 — 10/2/2024 — Case #1: Rice Imports in Pacifica
Producer Theory – Production, Costs, and the Derivation of the Supply Curve
Lecture #12 — 10/7/2024 — Production
10/9/2024 — Quiz #1
Lecture #13 — 10/16/2024 — Costs of Production
Lecture #14 — 10/21/2024 — Profit Maximization
Lecture #15 — 10/23/2024 — Long Run Equilibrium
Putting it All Together – Perfect Competition
Lecture #16 — 10/28/2024 — Perfect Competition and Economic Welfare/Monopolies
Market Failures and the Role of the Government
Lecture #17 — 10/30/2024 — Regulating Monopolies
Lecture #18 — 11/4/2024 — Limits to Government Intervention
Lecture #19 — 11/6/2024— Public Goods
Lecture #20 — 11/11/2024 — Externalities
Lecture #21 — 11/13/2024 — Case #2: Water Pricing
Lecture #22 — 11/18/2024 — Information Market Failures
11/15/2023 — Quiz #2
Cost-Benefit Analysis
Lecture #23 — 12/2/2024 — Cost-Benefit Analysis
Lecture #24 — 12/4/2024 — Cost-Benefit Analysis