Topic

Corresponding text assignment in second edition

Practice problems in second edition of the Study Guide

1

Themes of Economics: Scarcity, Choice, and Opportunity Cost

Chapters 1, 2 (including Appendix to Ch. 1)

Practice Problems 2.3-2.4 (i.e., Chapter 2, numbers 3 and 4)

2

An Application of Opportunity Cost: The Gains from International Trade

Chapter 17, pp. 458-73

Practice Prob 17.1

3

Supply and Demand I

Chapter 3, pp. 54-72

 

4

Supply and Demand II

Chapter 3, pp. 73-78

Practice Probs 3.1-3.6

5

Price Controls and Black Markets

Chapter 3, pp. 79-84

 

6

Incidence of a Per-Unit Tax

 

Practice Prob 7.2 a-c

7

Elasticity

Chapter 4

Practice Probs 4.1-4.5

8

Theory of Consumer Choice I

Chapter 5, pp. 110-130

Practice Prob 5.1

9

Theory of Consumer Choice II

Appendix to Chapter 5

 

10

Supply and Profit Maximization

Chapter 6, pp. 144-164

Practice Prob 6.1

11

Total, Average, and Marginal Productivity

Chapter 8, pp. 206-207

 

12

From Productivity to Cost Functions

Chapter 8, pp. 200-211

Practice Prob 8.1

13

Short Run Supply and Profitability

Chapter 8, pp. 211-217

Practice Prob 8.2

14

Efficiency and Markets

Chapter 7; Chapter 5, pp. 131-133; Chapter 6, pp. 165-167

Practice Probs 7.1,

7.2 d-e, 7.3

15

Cost and Supply in the Long Run I

Chapter 8, pp. 217-29

 

16

Cost and Supply in the Long Run II

Chapter 9

Practice Prob 9.1

17

Input Markets; the Distribution of Income

Chapter 12

Practice Probs 12.1-2

18

Labor and Capital Markets

Chapter 13

Practice Probs 13.1-3

19

Monopoly I

Chapter 10, pp. 262-279

Practice Probs 10.1-7

20

Monopoly II

Chapter 10, pp. 279-287

 

21

Imperfectly Competitive Market Structures

Chapter 11

Practice Probs 11.1-3

22

Regulation and Antitrust Policy

Chapter 16

Practice Probs 16.1-3

23

Public Goods;

Asymmetric Information

Chapter 15, pp. 404-412, 425-431

Practice Prob 15.2

24

Externalities and

Environmental Economics

Chapter 15, pp. 412-425

Practice Prob 15.1

25

Distribution of Income;

Policy Approaches

to Inequality and Poverty

Chapter 14

 

26

Overview and Review