Introductory Microeconomics Lecture Notes

Contents: 

Introduction 
Scarcity and Choice 

Dolan and Lindsey, Chapter 1 

* Lecture 1: (1/9/06) - Using Graphs in Economics
* Lecture 2: (1/11/06) - Scarcity and Choice 
* Lecture 3: (1/13/06) - Production Possibilities Frontier 
* Lecture 4: (1/18/06) - Gains from Trade 
* Lecture 5: (1/20/06) - Markets and Prices 

Supply and Demand 

Dolan and Lindsey, Chapter 2 

* Lecture 6: (1/23/06) - Supply and Demand, Part 1 
* Lecture 7: (1/25/06) - Supply and Demand, Part 2 
* Lecture 8: (1/27/06) - Supply and Demand, Part 3 
* Lecture 9: (1/30/06) - Government Price Controls 

Demand 
Elasticity of Demand 

Dolan and Lindsey, Chapter 3 

* Lecture 10: (2/3/06) - Price Elasticity of Demand 
* Lecture 11: (2/6/06) - Applications of Elasticity, Part 1 
* Lecture 12: (2/8/06) - Applications of Elasticity, Part 2 

Consumer Behavior 

Dolan and Lindsey, Chapter 5 

* Lecture 13: (2/10/06) - Marginal Utility 
* Lecture 14: (2/13/06) - Consumer Equilibrium 
* Lecture 15: (2/15/06) - Consumer Choice 

Theory of the Firm 
Production and Costs 

Dolan and Lindsey, Chapters 12 and 6 

* Lecture 16: (2/17/06) - Firms in the Economy 
* Lecture 17: (2/20/06) - Inputs and Output 
* Lecture 18: (2/22/06) - Costs in the Short Run 
* Lecture 19: (2/24/06) - Costs in the Long Run 

Perfect Competition 

Dolan and Lindsey, Chapter 7 

* Lecture 20: (3/1/06) - Profit Maximization, Part 1 
* Lecture 21: (3/3/06) - Profit Maximization, Part 2 
* Lecture 22: (3/13/06) - Perfect Competition in the Short Run 
* Lecture 23: (3/15/06) - Perfect Competition in the Long Run 

Monopoly 

Dolan and Lindsey, Chapter 8 

* Lecture 24: (3/17/06) - Monopoly 

Imperfect Competition 

Dolan and Lindsey, Chapter 9 

* Lecture 25: (3/20/06) - Monopolistic Competition 
* Lecture 26: (3/22/06) - Oligopoly 

Resource Markets 

Dolan and Lindsey, Chapters 10 and 11 

* Lecture 27: (3/24/06) - The Demand for a Resource 
* Lecture 28: (3/27/06) - The Labor Market 
* Lecture 29: (3/31/06) - The Market for Capital 
* Lecture 30: (4/3/06) - Natural Resources 

Information and Uncertainty 

Dolan and Lindsey, Chapter 13 

* Lecture 31: (4/5/06) - Imperfect Information 
* Lecture 32: (4/7/06) - Auctions 

Microeconomic Policy 
Market Failure 

Dolan and Lindsey, Chapters 15, 16, and 17 

* Lecture 33: (4/10/06) - Public Choice and Public Goods 
* Lecture 34: (4/12/06) - Regulation and Antitrust 
* Lecture 35: (4/14/06) - Externalities 
* Lecture 36: (4/17/06) - Environmental Policy 

Poverty and Welfare 

Dolan and Lindsey, Chapter 19 

* Lecture 37: (4/21/06) - Poverty in America 

International Trade 

Dolan and Lindsey, Chapter 20 

* Lecture 38: (4/24/06) - Comparative Advantage and Trade 
* Lecture 39: (4/26/06) - Trade Policy 

Review 

* Lecture 40: (4/28/06) - Review for the Final Exam  Link To Content