ECON 103: Principles of Microeconomics
Fall 2016

Class Schedule
Note: this schedule is tentative and is subject to changes.
It is students' responsibility to come to lectures and be aware of the topics covered in class.


 Week #
                                       Topic                                  
  Readings 
Week 1
 Introduction; Efficiency, Opportunity Cost, PPF, Division of Labor and Trade. Demand Curve

 Mankiw: Ch.2,3, Part of Ch.4
Week 2
Supply Curve, Equilibium, Elasticity Mankiw:Ch.4,5
Week 3
 Consumer's Choice Theory I: Budget contraint, Indifference Curve, MRS
Mankiw: Ch.21
Perloff Ch. 4
Week 4
 Consumer's Choice Theory II: Optimization, Deriving demand curves Mankiw: Ch4
Perlof: Ch4, 5
Week 5-6
 Consumer's Choice Theory III: Income and substitution effect, Applications
 Mankiw: Ch.4
Perlof: Ch5
Week 7
 Review and Midterm
Week 8
 Firm's Theory I: Production with diminishing marginal products, cost curves. Mankiw: Ch13, 18
Perlof: Ch6,7
Week 9
 Firm's Theory II: Short-run and Long-run cost
 Mankiw:Ch13
Perlof: Ch 7
Week 10 Firm's Theory III: Short-run Equilibrium
 Mankiw:Ch14
Perlop: Ch8,
Week 11 Firm's Theory: Short-run and Long-run Equilibrium continue. Mankiw: Ch14
Perlof: Ch8
Week 12
 Consumer, Producer, and Social welfare 

Week 13
 Monopoly market Mankiw:Ch7,8
Week 14
 Review and Final exam
 Mankiw:Ch15