Fall Semester 2009
Professor Kenneth Train
Economics 1: Introduction to Economics

LECTURE SCHEDULE AND READINGS

The number on the left is the lecture number in the booklet of slides and the downloadable zip file of slides.

Problem sets are passed out on days marked with *.

			8^th edition	9^th edition
1	Wed, Aug 26	Organization of Course; Introduction to Field	Ch. 1 and 2	Ch. 1 and 2
2	Mon, Aug 31	Demand and Supply	Ch. 3	Ch. 3
3	Wed, Sept 2*	Demand and Supply, continued	Ch. 4 and 5	Ch. 4 and 5
	Mon, Sept 7	NO CLASS: Labor Day
4	Wed, Sept 9	Consumer Choice	Ch. 6, not the appendix	Ch. 6, not the appendix
5	Mon, Sept 14	Costs of Production	pp. 146-150, 165-176	pp. 136-139, 155-166
6	Wed, Sept 16	Competition, part 1	pp. 144-145, 176-182, 188-190, 192-194	pp. 135-136,167-173, 178-180,183-184
7	Mon, Sept 21*	Competition, part 2	Ch. 12	Ch. 12
8	Wed, Sept 23	Monopoly	pp. 271-288	pp. 261-277
9	Mon, Sept 28	Monopolistic Competition and Oligopoly	Ch 14	Ch 14 and 15
10	Wed, Sept 30	Regulation of Natural Monopolies	pp. 294-296	none
	Mon, Oct 5	Midterm Exam #1, covering material through lecture on Sept. 23
11	Wed, Oct 7	Antitrust Regulation	pp. 288-294	pp. 277-279
12	Mon, Oct 12*	Externalities	pp. 327-338	pp. 319-332
13	Wed, Oct 14	Public Goods	pp. 338-344, 347-351	pp. 332-341
14	Mon, Oct 19	Factor Markets	Ch. 10 and 16	Ch. 10 and 18
15	Wed, Oct 21	Time and Uncertainty	pp. 344-347	Ch. 17
16	Mon, Oct 26	Policy analysis: Fuel Efficiency for Cars
17	Wed, Oct 28	Overview of Macroeconomics	Ch. 18, pp. 417-419, 426-431, Ch. 20	Ch. 20, pp. 417-419, 426-431, Ch. 22
18	Mon, Nov 2	Aggregate Expenditure and Equilibrium Output	Ch. 21, including appendix	Ch. 23, including both appendices
19	Wed, Nov 4*	Government Spending: Fiscal Policy	Ch. 22 including both appendices	Ch. 24 including both appendices
20	Mon, Nov 9	Money Supply and Demand: Monetary Policy	Ch. 23 and 24, not the appendices	Ch. 25 and 26, not the appendices
	Wed, Nov 11	NO CLASS: Veterans Day
21	Mon, Nov 16	Fiscal and Monetary Policy Combined	Ch. 25 not the appendix, pp. 603-607	pp. 531-539
22	Wed, Nov 18	Inflation: Aggregate Demand and Supply	Ch. 26, pp. 607-613	pp. 539-543, Ch. 28
	Mon, Nov 23	Midterm Exam #2, covering material through lecture on Nov. 16
	Wed, Nov 25	NO CLASS: Thanksgiving break.
23	Mon, Nov 30*	Trade and Comparative Advantage	Ch. 33, Read for section topic: Ch. 27	Ch. 34, Read for section topic: Ch. 29
24	Wed, Dec 2	Exchange Rates and Balance of Payments	Ch. 34 not the appendix	Ch. 35 not the appendix
	Wed, Dec 7	NO CLASS: Review Period	No Readings
	Mon, Dec 9	NO CLASS: Review Period