CLASS
SCHEDULE and HOMEWORK ASSIGNMENTS
CLASS
SCHEDULE
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Meeting
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Date
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Topic
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1 |
Monday, January 5 |
Managers, Profits, and Markets |
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2 |
Wednesday, January 7 |
Demand, Supply, and Market Equilibrium |
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3 |
Monday, January 12
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Demand, Supply, and
Market Equilibrium
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4 |
Wednesday, January 14 |
Elasticity and Demand |
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Holiday |
Monday, January 19 |
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5 |
Wednesday, January 21 |
EXAM 1 Meetings 1 - 4 |
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6 |
Monday, January 26
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Production and Cost in the Short Run |
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7 |
Wednesday, January 28 |
Production and Cost in the Short Run |
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8 |
Monday, February 2
|
Production and Cost in the Long Run |
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9 |
Wednesday, February 4 |
Profit-Maximization in Competitive Markets |
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10 |
Monday, February 9
|
EXAM 2 Meetings 6 - 9 |
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11 |
Wed, February 11 |
Profit-Maximization with Market Power |
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12 |
Monday, February 16
|
Strategic Decision Making |
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13 |
Wed, February 18 |
Strategic Decision Making |
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14 |
Monday, February 23
|
Pricing in Multiple Markets and Multiple Products |
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15 |
Wed, February 25 |
EXAM 3 Meetings 11 - 14 |
HOMEWORK
ASSIGNMENTS
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Meeting
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Reading
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Practice
Problems
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1 |
Managers, Profits, and Markets Read Chapter 1 |
TP: 1-3 AP: 1 |
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2 - 3 |
Demand, Supply, and Market
Equilibrium Read Chapter 2 |
TP: 3,5,6,10-18 AP: 1(a-c), 12 |
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4 |
Elasticity and Demand Read Chapter 3 |
TP: 1-4,8 AP: 2(a-d) |
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5 |
EXAM 1 Meetings 1 - 4 |
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6 - 7 |
Production and Cost in the Short
Run Read Chapter 9 |
TP: 1,2,5,9 AP: 9,10 |
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8 |
Production and Cost in the Long
Run Read Section 10.7 in Chapter 10 |
none |
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9 |
Profit-Maximization in
Competitive Markets Read Chapter 12, pp. 428-446
(and skip section 12.4) |
TP: 1-5 AP: 5, 10 |
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10 |
EXAM 2 Meetings 6 - 9 |
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11 |
Profit-Maximization with Market
Power Read Chapter 13, pp. 476-499 |
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12 - 13 |
Strategic Decision Making Read Chapter 14, skip
“Best-Response Curves” 545-552 Read Chapter 15, pp. 580-588 |
TP 14: 1-7,12-14 AP 14: 1,5 TP 15: 1-5 |
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14 |
Pricing in Multiple Markets Read Section 16.2 |
TP: 4 AP: 1 |
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15 |
EXAM 3 Meetings 11 - 14 |
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