Course Modules: Principles of Economics,Micro - 08

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Landing Page Landing Page

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Welcome to Economics - Micro Welcome to Economics - Micro 1

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Welcome to Economics - Micro (Alternative Front Page) Welcome to Economics - Micro (Alternative Front Page) 2

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Chapter 1

Chapter 1 Chapter 1

Context Module Sub Header

Chapter Readings 1

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External Url

1 Introduction 1 Introduction 2

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External Url

1.1 What Is Economics, and Why Is It Important? 1.1 What Is Economics, and Why Is It Important? 3

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External Url

1.2 Microeconomics and Macroeconomics 1.2 Microeconomics and Macroeconomics 4

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External Url

1.3 How Economists Use Theories and Models to Understand Economic Issues 1.3 How Economists Use Theories and Models to Understand Economic Issues 5

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1.4 How To Organize Economies: An Overview of Economic Systems 1.4 How To Organize Economies: An Overview of Economic Systems 6

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Context Module Sub Header

Additional Resources 7

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Attachment

OpenStax_Microeconomics_CH01_Lecture.pptx OpenStax_Microeconomics_CH01_Lecture.pptx 8

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Assignment

Homework #1 -- Chapter 1 Homework #1 -- Chapter 1 10 10

assignment 451185 1

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Chapter 2

Chapter 2 Chapter 2

Context Module Sub Header

Chapter Readings 1

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External Url

2 Introduction to Choice in a World of Scarcity 2 Introduction to Choice in a World of Scarcity 2

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External Url

2.1 How Individuals Make Choices Based on Their Budget Constraint 2.1 How Individuals Make Choices Based on Their Budget Constraint 3

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External Url

2.2 The Production Possibilities Frontier and Social Choices 2.2 The Production Possibilities Frontier and Social Choices 4

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External Url

2.3 Confronting Objections to the Economic Approach 2.3 Confronting Objections to the Economic Approach 5

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Attachment

OpenStax_Microeconomics_CH02_Lecture.pptx OpenStax_Microeconomics_CH02_Lecture.pptx 7

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Assignment

Homework #2 -- Chapter 2 Homework #2 -- Chapter 2 10 9

assignment 451186 1

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Assignment

Wall Street Journal Posting #1 Wall Street Journal Posting #1 15 10

assignment 464864 1

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Chapter 3

Chapter 3 Chapter 3

Context Module Sub Header

Chapter Readings 1

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External Url

3 Introduction to Demand and Supply 3 Introduction to Demand and Supply 2

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External Url

3.1 Demand, Supply, and Equilibrium in Markets for Goods and Services 3.1 Demand, Supply, and Equilibrium in Markets for Goods and Services 3

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External Url

3.2 Shifts in Demand and Supply for Goods and Services 3.2 Shifts in Demand and Supply for Goods and Services 4

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External Url

3.3 Changes in Equilibrium Price and Quantity: The Four-Step Process 3.3 Changes in Equilibrium Price and Quantity: The Four-Step Process 5

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External Url

3.4 Price Ceilings and Price Floors 3.4 Price Ceilings and Price Floors 6

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External Url

3.5 Demand, Supply, and Efficiency 3.5 Demand, Supply, and Efficiency 7

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Attachment

OpenStax_Microeconomics_CH03_Lecture.pptx OpenStax_Microeconomics_CH03_Lecture.pptx 9

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Assignment

Homework #3 -- Chapter 3 Homework #3 -- Chapter 3 10 11

assignment 451187 1

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Assignment

Homework #4 -- Chapter 3 Homework #4 -- Chapter 3 10 12

assignment 451188 1

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Assignment

Homework #5 -- Chapter 3 Homework #5 -- Chapter 3 10 13

assignment 451189 1

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Assignment

Wall Street Journal Posting #2 Wall Street Journal Posting #2 15 14

assignment 464865 1

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Chapter 5

Chapter 5 Chapter 5

Context Module Sub Header

Chapter Readings 1

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External Url

5 Introduction to Elasticity 5 Introduction to Elasticity 2

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External Url

5.1 Price Elasticity of Demand and Price Elasticity of Supply 5.1 Price Elasticity of Demand and Price Elasticity of Supply 3

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External Url

5.2 Polar Cases of Elasticity and Constant Elasticity 5.2 Polar Cases of Elasticity and Constant Elasticity 4

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External Url

5.3 Elasticity and Pricing 5.3 Elasticity and Pricing 5

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External Url

5.4 Elasticity in Areas Other Than Price 5.4 Elasticity in Areas Other Than Price 6

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Attachment

OpenStax_Microeconomics_CH05_Lecture.pptx OpenStax_Microeconomics_CH05_Lecture.pptx 8

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Assignment

Homework #6 -- Chapter 5 Homework #6 -- Chapter 5 10 10

assignment 451192 1

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Chapter 6

Chapter 6 Chapter 6

Context Module Sub Header

Chapter Readings 1

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External Url

6 Introduction to Consumer Choices 6 Introduction to Consumer Choices 2

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External Url

6.1 Consumption Choices 6.1 Consumption Choices 3

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External Url

6.2 How Changes in Income and Prices Affect Consumption Choices 6.2 How Changes in Income and Prices Affect Consumption Choices 4

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External Url

6.3 Behavioral Economics: An Alternative Framework for Consumer Choice 6.3 Behavioral Economics: An Alternative Framework for Consumer Choice 5

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Attachment

OpenStax_Microeconomics_CH06_Lecture.pptx OpenStax_Microeconomics_CH06_Lecture.pptx 7

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Assignment

Homework #7 -- Chapter 6 Homework #7 -- Chapter 6 10 9

assignment 451193 1

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Exam #1 Review Questions

Exam #1 Review Questions Exam #1 Review Questions

Attachment

Test #1 Review Session -- Sample Problems.docx Test #1 Review Session -- Sample Problems.docx 1

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Chapter 7

Chapter 7 Chapter 7

Context Module Sub Header

Chapter Readings 1

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External Url

7 Introduction to Production, Costs, and Industry Structure 7 Introduction to Production, Costs, and Industry Structure 2

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External Url

7.1 Explicit and Implicit Costs, and Accounting and Economic Profit 7.1 Explicit and Implicit Costs, and Accounting and Economic Profit 3

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External Url

7.2 Production in the Short Run 7.2 Production in the Short Run 4

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External Url

7.3 Costs in the Short Run 7.3 Costs in the Short Run 5

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External Url

7.4 Production in the Long Run 7.4 Production in the Long Run 6

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External Url

7.5 Costs in the Long Run 7.5 Costs in the Long Run 7

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Context Module Sub Header

Additional Resources 8

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Assignment

Homework #8 -- Chapter 7 Homework #8 -- Chapter 7 10 9

assignment 471378 1

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Homework #9 -- Chapter 7 Homework #9 -- Chapter 7 15 10

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Assignment

Wall Street Journal Posting #5 -- Cost of Pork in China Wall Street Journal Posting #5 -- Cost of Pork in China 15 11

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OpenStax_Microeconomics_CH07_Lecture.pptx OpenStax_Microeconomics_CH07_Lecture.pptx 12

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Chapter 8

Chapter 8 Chapter 8

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8 Introduction to Perfect Competition 8 Introduction to Perfect Competition 2

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8.1 Perfect Competition and Why It Matters 8.1 Perfect Competition and Why It Matters 3

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8.2 How Perfectly Competitive Firms Make Output Decisions 8.2 How Perfectly Competitive Firms Make Output Decisions 4

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8.3 Entry and Exit Decisions in the Long Run 8.3 Entry and Exit Decisions in the Long Run 5

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8.4 Efficiency in Perfectly Competitive Markets 8.4 Efficiency in Perfectly Competitive Markets 6

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OpenStax_Microeconomics_CH08_Lecture.pptx OpenStax_Microeconomics_CH08_Lecture.pptx 9

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Assignment

Wall Street Journal Posting #6 -- Craft Beer Wall Street Journal Posting #6 -- Craft Beer 15 10

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Assignment

Homework #10 -- Chapter 8 Homework #10 -- Chapter 8 10 11

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Chapter 9

Chapter 9 Chapter 9

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Chapter Readings 1

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9 Introduction to a Monopoly 9 Introduction to a Monopoly 2

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9.1 How Monopolies Form: Barriers to Entry 9.1 How Monopolies Form: Barriers to Entry 3

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9.2 How a Profit-Maximizing Monopoly Chooses Output and Price 9.2 How a Profit-Maximizing Monopoly Chooses Output and Price 4

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Additional Resources 5

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OpenStax_Microeconomics_CH09_Lecture.pptx OpenStax_Microeconomics_CH09_Lecture.pptx 7

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Assignment

Homework #11 -- Chapter 9 Homework #11 -- Chapter 9 10 8

assignment 474394 1

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Assignment

Wall Street Journal Posting #7 -- Dish Network Wall Street Journal Posting #7 -- Dish Network 15 9

assignment 474395 1

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Chapter 10

Chapter 10 Chapter 10

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Chapter Readings 1

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External Url

10 Introduction to Monopolistic Competition and Oligopoly 10 Introduction to Monopolistic Competition and Oligopoly 2

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10.1 Monopolistic Competition 10.1 Monopolistic Competition 3

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10.2 Oligopoly 10.2 Oligopoly 4

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Additional Resources 5

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OpenStax_Microeconomics_CH10_Lecture.pptx OpenStax_Microeconomics_CH10_Lecture.pptx 6

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Assignment

Homework #12 -- Chapter 10 Homework #12 -- Chapter 10 10 7

assignment 474396 1

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Chapter 11

Chapter 11 Chapter 11

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Chapter Readings 1

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11 Introduction to Monopoly and Antitrust Policy 11 Introduction to Monopoly and Antitrust Policy 2

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11.1 Corporate Mergers 11.1 Corporate Mergers 3

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11.2 Regulating Anticompetitive Behavior 11.2 Regulating Anticompetitive Behavior 4

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11.3 Regulating Natural Monopolies 11.3 Regulating Natural Monopolies 5

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11.4 The Great Deregulation Experiment 11.4 The Great Deregulation Experiment 6

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Additional Resources 7

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OpenStax_Microeconomics_CH11_Lecture.pptx OpenStax_Microeconomics_CH11_Lecture.pptx 8

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Assignment

Wall Street Journal Posting #8 -- Alcoa Wall Street Journal Posting #8 -- Alcoa 15 9

assignment 474407 1

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Assignment

Wall Street Journal Posting #9 -- Climate Reporting Wall Street Journal Posting #9 -- Climate Reporting 15 10

assignment 476638 1

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Exam #2 Review Questions

Exam #2 Review Questions Exam #2 Review Questions

Attachment

Review Questions Test #2 (with answers).docx Review Questions Test #2 (with answers).docx 1

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Review Questions Test #2.docx Review Questions Test #2.docx 2

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Chapter 12

Chapter 12 Chapter 12

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External Url

12 Introduction to Environmental Protection and Negative Externalities 12 Introduction to Environmental Protection and Negative Externalities 2

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12.1 The Economics of Pollution 12.1 The Economics of Pollution 3

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12.2 Command-and-Control Regulation 12.2 Command-and-Control Regulation 4

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12.3 Market-Oriented Environmental Tools 12.3 Market-Oriented Environmental Tools 5

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12.4 The Benefits and Costs of U.S. Environmental Laws 12.4 The Benefits and Costs of U.S. Environmental Laws 6

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12.5 International Environmental Issues 12.5 International Environmental Issues 7

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12.6 The Tradeoff between Economic Output and Environmental Protection 12.6 The Tradeoff between Economic Output and Environmental Protection 8

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Additional Resources 9

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OpenStax_Microeconomics_CH12_Lecture.pptx OpenStax_Microeconomics_CH12_Lecture.pptx 10

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Assignment

Homework #14 -- Chapter 12 Homework #14 -- Chapter 12 10 12

assignment 476625 1

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Chapter 13

Chapter 13 Chapter 13

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External Url

13 Introduction to Positive Externalities and Public Goods 13 Introduction to Positive Externalities and Public Goods 2

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13.1 Why the Private Sector Underinvests in Innovation 13.1 Why the Private Sector Underinvests in Innovation 3

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13.2 How Governments Can Encourage Innovation 13.2 How Governments Can Encourage Innovation 4

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External Url

13.3 Public Goods 13.3 Public Goods 5

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Additional Resources 6

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Attachment

OpenStax_Microeconomics_CH13_Lecture.pptx OpenStax_Microeconomics_CH13_Lecture.pptx 7

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Assignment

Homework #15 -- Chapter 13 Homework #15 -- Chapter 13 10 8

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Assignment

Wall Street Journal Posting #9 -- Climate Reporting Wall Street Journal Posting #9 -- Climate Reporting 15 9

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Chapter 4

Chapter 4 Chapter 4

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Chapter Readings 1

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External Url

4 Introduction to Labor and Financial Markets 4 Introduction to Labor and Financial Markets 2

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4.1 Demand and Supply at Work in Labor Markets 4.1 Demand and Supply at Work in Labor Markets 3

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4.3 The Market System as an Efficient Mechanism for Information 4.3 The Market System as an Efficient Mechanism for Information 5

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Additional Resources 6

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OpenStax_Microeconomics_CH04_Lecture.pptx OpenStax_Microeconomics_CH04_Lecture.pptx 7

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Assignment

Homework #16 -- Chapter 4 Homework #16 -- Chapter 4 10 8

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Chapter 14

Chapter 14 Chapter 14

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Chapter Readings 1

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External Url

14 Introduction to Labor Markets and Income 14 Introduction to Labor Markets and Income 2

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14.1 The Theory of Labor Markets 14.1 The Theory of Labor Markets 3

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14.2 Wages and Employment in an Imperfectly Competitive Labor Market 14.2 Wages and Employment in an Imperfectly Competitive Labor Market 4

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14.3 Market Power on the Supply Side of Labor Markets: Unions 14.3 Market Power on the Supply Side of Labor Markets: Unions 5

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14.4 Bilateral Monopoly 14.4 Bilateral Monopoly 6

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14.5 Employment Discrimination 14.5 Employment Discrimination 7

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14.6 Immigration 14.6 Immigration 8

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Additional Resources 9

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OpenStax_Microeconomics_CH14_Lecture.pptx OpenStax_Microeconomics_CH14_Lecture.pptx 10

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Assignment

Homework #17 -- Chapter 14 Homework #17 -- Chapter 14 10 11

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Chapter 15

Chapter 15 Chapter 15

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Chapter Readings 1

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External Url

15 Introduction to Poverty and Economic Inequality 15 Introduction to Poverty and Economic Inequality 2

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External Url

15.1 Drawing the Poverty Line 15.1 Drawing the Poverty Line 3

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15.2 The Poverty Trap 15.2 The Poverty Trap 4

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15.3 The Safety Net 15.3 The Safety Net 5

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15.4 Income Inequality: Measurement and Causes 15.4 Income Inequality: Measurement and Causes 6

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15.5 Government Policies to Reduce Income Inequality 15.5 Government Policies to Reduce Income Inequality 7

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Additional Resources 8

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Assignment

Homework #18 -- Chapter 15 Homework #18 -- Chapter 15 10 10

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Attachment

OpenStax_Microeconomics_CH15_Lecture.pptx OpenStax_Microeconomics_CH15_Lecture.pptx 11

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Assignment

Wall Street Journal Posting #11 -- UBI (Optional -- Extra Credit) Wall Street Journal Posting #11 -- UBI (Optional -- Extra Credit) 15 12

assignment 480230 1

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External Url

Marry Poppins -- living wage Marry Poppins -- living wage 13

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Chapter 16

Chapter 16 Chapter 16

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Chapter Readings 1

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External Url

16 Introduction to Information, Risk, and Insurance 16 Introduction to Information, Risk, and Insurance 2

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External Url

16.1 The Problem of Imperfect Information and Asymmetric Information 16.1 The Problem of Imperfect Information and Asymmetric Information 3

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16.2 Insurance and Imperfect Information 16.2 Insurance and Imperfect Information 4

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Additional Resources 5

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Assignment

Homework #19 -- Chapter 16 Homework #19 -- Chapter 16 10 7

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Attachment

OpenStax_Microeconomics_CH16_Lecture.pptx OpenStax_Microeconomics_CH16_Lecture.pptx 8

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External Url

Insurance Video Insurance Video 9

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Exam #3 Review Questions

Exam #3 Review Questions Exam #3 Review Questions

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Review Questions Test #3 (with answers).docx Review Questions Test #3 (with answers).docx 1

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Review Questions Test #3.docx Review Questions Test #3.docx 2

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External Url

Review Session #1 Review Session #1 3

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Review Session #2 Review Session #2 4

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