silabus

ECON 110.02
Introduction to Economic Theory Syllabus 6/11/08 11:01 AM
http://chogendorn.web.wesleyan.edu/110.08s/ Page 1 of 4

Economics 110,
Section 2: Introduction to Economic
Theory
Professor Christiaan Hogendorn
Spring 2008
Prof. Hogendorn's Homepage Course Policies

Syllabus
SW = Joseph Stiglitz and Carl Walsh, Economics, 4th Edition, Norton, 2006,
or 3rd Edition.
Chapter numbers are from 4th edition, with 3rd edition in [brackets].
Items marked with # are not yet available.


I. Introduction

Jan. 23 W 1. Introduction
SW: 1 [1]
Review: SW: 2 Appendix [2 Appendix]

Jan. 28 M 2. Markets for Goods and Services and "Why is Economics
the Dark Side?"
SW: 3 [4]
#Online reserve: Jerry Muller, The Mind and the Market, Chapter
1

Jan. 30 W 3. Analysis in the Supply and Demand Model
SW: 4 [5]

Feb. 4 M 4. Consumer and Producer Surplus
SW: 10 [10] read up to General Equilibrium
Problem Set 1 due. Answers.
II. Economic Policy Using Supply and Demand

Feb. 6 W 5. Price Controls and Taxes
ECON 110.02 Introduction to Economic Theory Syllabus 6/11/08 11:01 AM
http://chogendorn.web.wesleyan.edu/110.08s/ Page 2 of 4

Feb. 11 M 6. International Trade
SW: 19 [18]
Uri Dadush and Julia Nielson, "Governing Global Trade," Finance
and Development, December 2007, Volume 44, Number 4.
Problem Set 2 due. Answers.

Feb. 13 W 7. Externalities and the Environment
SW: 18 [21]

Feb. 18 M FIRST MIDTERM
Covers classes 1-6.
Exam Answers
III. Firms

Feb. 20 W 8. Production and Costs
SW: 6 [7]
Numark's TTi turntable transfers vinyl to iPod sans a PC - Engadget #
Toshiba Regroups After Losing DVD War, WSJ 2/20/08 #
Generated by Furl

Feb. 25 M 9. The Competitive Firm
SW: 7 [8]
#Handout
Problem Set 3 due. Answers.

Feb. 27 W 10. The Labor Market
SW: 8 [9]
Article: David Wessel, "As Rich-Poor Gap Widens in the U.S.,
Class Mobility Stalls, Wall Street Journal, May 13, 2005: Page
A1.
March 3
M

11. The Capital Market I
SW: 9 [9]
Article: Manmohan Singh and Mustafa Saiyid, "Credit Market
Turmoil Makes Valuation Key," IMFSurvey Magazine: IMF
Research,

January 15, 2008.
Problem Set 4 due. Answers.

March 5 W
12. The Capital Market II
SW: 39 [17]
ECON 110.02 Introduction to Economic Theory Syllabus 6/11/08 11:01 AM
http://chogendorn.web.wesleyan.edu/110.08s/ Page 3 of 4
Stock Sales at Google Send Shivers #
Generated by Furl
SPRING BREAK

March 24
M
13. Monopoly
SW: 12 [12]
IV. Introduction to Macroeconomics

March 26
W
14. Introduction to Macroeconomic Models
SW: 21, 22 [22, 23]
Article Robert Gordon, "Two Centuries of Economic Growth:
Europe Chasing the American Frontier," working paper, March
30, 2004.
Bureau of Labor Statistics Data #
BEA GDP Data #
NationMaster - GDP (most recent) by country #
Generated by Furl

March 31
M
15. A Simple Long-Run Macro Model
SW: 24 [24]
Problem Set 5 due. Answers.

April 2 W 16. Savings, Investment, Government
SW: 25, 26 [26]
Generated by Furl

April 7 M 17. Growth
SW: 27 [27]
Article: Robert E. Lucas, "The Industrial Revolution: Past and
Future," The Region, Minneapolis Fed, 2003 Annual Report.
Problem Set 6 due. Answers.
Productivity Growth by Major Sector, 1947-2007. Bar Chart #
The Paradox of Capital - Finance & Development, March 2007 #
Generated by Furl
V. Fluctuations

April 9 W 18. Money and Central Banks
ECON 110.02 Introduction to Economic Theory Syllabus 6/11/08 11:01 AM
http://chogendorn.web.wesleyan.edu/110.08s/ Page 4 of 4
SW: 28 [25]

April 14
M
SECOND MIDTERM EXAM
Covers classes 7-16.
Exam Answers

April 16
W
19. Money and Inflation
SW: 23 [23]
Article: Phil Davies, "Right on Target: A behind-the-scenes look
at open market operations, the Fed's big stick of monetary policy,
" The Region, December 2004: 39-48.


April 23
W
20. Unemployment and Business Cycles
SW: 29 [28]
Problem Set 7 due. Answers.

April 28
M
21. Aggregate Demand and Inflation
SW: 31 [30]

April 30
W
22. Inflation and Unemployment
SW: 37 [31]

May 5 M 23. Macroeconomic Policy
SW: 33 [32]
Problem Set 8 due. Answers.

May ? 24. Household Choices Revisited
SW: 5 Appendix [6 Appendix]

May 9 F Review Session
1:10pm-2:30pm, PAC 001

May 14 W FINAL EXAM
9:00am-12:00pm