Fall 2025
- 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 — 8/25/2025 — Introduction
How Markets Work: Supply and Demand
Lecture #2 — 8/27/2025 — Introduction to Supply and Demand
Lecture #3 — 9/3/2025 — Supply and Demand Experiment
Applications of Supply and Demand
Lecture #4 — 9/8/2025 — More on Supply and Demand
Lecture #5 — 9/10/2025 — Applications of Supply and Demand
Lecture #6 — 9/15/2025 — Elasticity/Taxes
Lecture #7 — 9/17/2025 — Taxes
Consumer Theory – Preferences and Budgets
Lecture #8 — 9/22/2025 — Consumer Behavior: An Introduction to the Concept of Utility
Lecture #9 — 9/24/2025 — Consumer Behavior: Maximizing Utility
Lecture #10 — 9/29/2025 — Applications of Consumer Theory
Lecture #11 — 10/1/2025 — Case #1: Rice Imports in Pacifica
Producer Theory – Production, Costs, and the Derivation of the Supply Curve
Lecture #12 — 10/6/2025 — Production
10/8/2025 — Quiz #1
Lecture #13 — 10/15/2025 — Costs of Production
Lecture #14 — 10/20/2025 — Profit Maximization
Lecture #15 — 10/22/2025 — Long Run Equilibrium
Putting it All Together – Perfect Competition
Lecture #16 — 10/27/2025 — Perfect Competition and Economic Welfare/Monopolies
Market Failures and the Role of the Government
Lecture #17 — 10/29/2025 — Regulating Monopolies
Lecture #18 — 11/3/2025 — Limits to Government Intervention
Lecture #19 — 11/5/2025— Public Goods
Lecture #20 — 11/10/2025 — Externalities
Lecture #21 — 11/12/2025 — Case #2: Water Pricing
Lecture #22 — 11/17/2025 — Information Market Failures