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Topic |
Corresponding text assignment in second edition |
Practice problems in second edition of the Study Guide |
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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) |
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2 |
An Application of Opportunity Cost: The Gains from International Trade |
Chapter 17, pp. 458-73 |
Practice Prob 17.1 |
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3 |
Supply and Demand I |
Chapter 3, pp. 54-72 |
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4 |
Supply and Demand II |
Chapter 3, pp. 73-78 |
Practice Probs 3.1-3.6 |
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5 |
Price Controls and Black Markets |
Chapter 3, pp. 79-84 |
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6 |
Incidence of a Per-Unit Tax |
Practice Prob 7.2 a-c |
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7 |
Elasticity |
Chapter 4 |
Practice Probs 4.1-4.5 |
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8 |
Theory of Consumer Choice I |
Chapter 5, pp. 110-130 |
Practice Prob 5.1 |
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9 |
Theory of Consumer Choice II |
Appendix to Chapter 5 |
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10 |
Supply and Profit Maximization |
Chapter 6, pp. 144-164 |
Practice Prob 6.1 |
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11 |
Total, Average, and Marginal Productivity |
Chapter 8, pp. 206-207 |
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12 |
From Productivity to Cost Functions |
Chapter 8, pp. 200-211 |
Practice Prob 8.1 |
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13 |
Short Run Supply and Profitability |
Chapter 8, pp. 211-217 |
Practice Prob 8.2 |
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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 |
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15 |
Cost and Supply in the Long Run I |
Chapter 8, pp. 217-29 |
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16 |
Cost and Supply in the Long Run II |
Chapter 9 |
Practice Prob 9.1 |
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17 |
Input Markets; the Distribution of Income |
Chapter 12 |
Practice Probs 12.1-2 |
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18 |
Labor and Capital Markets |
Chapter 13 |
Practice Probs 13.1-3 |
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19 |
Monopoly I |
Chapter 10, pp. 262-279 |
Practice Probs 10.1-7 |
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20 |
Monopoly II |
Chapter 10, pp. 279-287 |
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21 |
Imperfectly Competitive Market Structures |
Chapter 11 |
Practice Probs 11.1-3 |
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22 |
Regulation and Antitrust Policy |
Chapter 16 |
Practice Probs 16.1-3 |
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23 |
Public Goods; Asymmetric Information |
Chapter 15, pp. 404-412, 425-431 |
Practice Prob 15.2 |
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24 |
Externalities and Environmental Economics |
Chapter 15, pp. 412-425 |
Practice Prob 15.1 |
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25 |
Distribution of Income; Policy Approaches to Inequality and Poverty |
Chapter 14 |
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26 |
Overview and Review |
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