Economics 310: Price Theory

Fall 2001 

Updated 11/06/01

Textbook: Steven Landsburg, Price Theory and Applications, 4th Edition.

Lecture Notes: Powerpoint slides will be made available for download and online viewing as the semester progresses. The slides for a given lecture will be updated after 3:15 PM on the day the lecture is given. 

Course Outline.

 

1. Introduction.

Econ 310 Introduction Download PowerPoint File

2. Supply, Demand, and Equilibrium.

         Econ 310: Chapter 1 and 2, Lecture Notes Download PowerPoint File

3. Prices, Costs, and the Gains from Trade.

        Econ 310 Chapter 3, 4 and 5 Lecture Notes Download PowerPoint File

4. Behavior of Consumers

5. Consumers in the Marketplace.

 FIRST EXAM: Date to be announced.

The exam will cover Chapters 1-4 in Landsburg. The exam will consist of short answer and essay questions and will count for 25% of your grade. The exam is closed book and closed note. Students must bring a blank bluebook and pen to the exam. The exam will last 75 minutes. The remaining class time will be used to go over the answers.

Econ 310: Chapter 5, 6, and 7 Lecture Notes Download PowerPoint File

5. The Behavior of Firms

6. Production and Costs

7. Competition

SECOND EXAM: Date to be announced

The exam will cover Chapters 5-7 in Landsburg. The exam is closed book and closed note. The exam will count for 25% of your grade.

8. Welfare Economics and the Gains from Trade

The student is responsible for reading Chapter 8 on their own.

9. Knowledge and Information

10. Monopoly

11. Market Power, Collusion, and Oligopoly (Optional)

FINAL EXAM:

The final exam is comprehensive. All topics will be given equal weight. Students should bring a bluebook, calculator, and pen to the exam.